Tag Archives: coin

GALA coin price prediction: Where is the token headed in a bear market?

GALA coin price prediction: Where is the token headed in a bear market?

The GALA (GALA) cryptocurrency, responsible for the smooth running of the Gala Games ecosystem, saw a positive start to February 2022 as its value surged by 102.72% from $0.1875 on 2 February to $0.3801 six days later.

However, the GALA coin value dropped by the end of February to $0.2321 on the 27th of the month (a 38.93% decline) triggered by Russia’s invasion of Ukraine that led to an overall fall in the crypto market.

Following recent news of the platform launching Web3 Women, a community initiative by women for women in Web3, as well as positive endorsement from celebrities like Paris Hilton and Snoop Dogg, what does the long-term sentiment look like for the GALA price prediction in 2022, 2025 and 2030?

What is GALA coin?

Gala Games was founded in 2018 by Eric Schiermeyer (co-founder of game developer Zynga), Wright Thurston (crypto miner) and Michael McCarthy (creative director behind viral gaming like Farmville) with one goal in mind: to give power back to the gamers.

Through this initiative, Gala Games’ co-founders are targeting a wide niche of gamers who would like to change the gaming ecosystem.

The introduction of non-fungible tokens (NFTs) into the Gala Games ecosystem was the first step into making gaming more decentralised as well as helping players take control over the ownership of their game items. NFTs can be collected, traded and sold, not just within their own game but throughout the entirety of the Gala Games ecosystem.

In order to give power back to the gamers, Gala Games has established a blockchain network powered by the GALA tokens, which power the entirety of the platform. Built on the Ethereum network, GALA tokens are transferable between users who have full control over how to use them.

Users can also purchase nodes in GALA, ether (ETH) and Basic Attention Token (BAT) and acquire voting rights on which games will be published next on the platform, allowing players to exercise full governance. This process is also known as the Founder’s Nodes within the Gala Games Ecosystem, which is powered by over 16,000 player-run nodes.

GALA cryptocurrency can also be used as a reward to owners and is distributed daily to Founder’s Nodes that have operated for at least a required time using a point system. Running a node for six hours within a cycle will earn players one point. In order for the network to run smoothly, 50,000 Founder’s Nodes were released upon its launch.

In the long run, Gala Games is planning to establish multiple game studios that will each work on multiple games, creating a steady stream of NFTs, which will get dropped to the node network in order to incentivise the network and keep it stable.

So far, the platform has released one playable game – Town Star  – and an NFT collectible series – VOX.

No data is available on the maximum supply of GALA tokens; however, total supply exceeds 35 billion, with nearly seven billion in circulation. The token reached over $1.5bn in market capitalisation and is ranked as the 60th largest cryptocurrency by CoinMarketCap as of 18 March 2022.

GALA cryptocurrency did not have an initial coin offering (ICO) upon its launch.

Since its launch, the platform has acquired 1.3 million monthly active users and sold more than 26,000 NFTs, with the most expensive so far selling for $3m.

“I wouldn’t be doing this if I didn’t think this was literally the next phase of the internet. Everything that touches ownership is going to be affected by what’s happening here,” said GALA’s founder Eric Schiermeyer.

“Art and music and everything that has a digital life is going to be touched by this. Anything that you thought was digital that you thought you owned but didn’t really own — that’s what’s about to be revolutionised,” he added.

Key drivers of the GALA crypto price

The Gala Games token started to gain traction in September 2021 after being listed on Binance as well as Bibox crypto exchange platforms in the middle of the month as its price surged by 51594.13% to $0.1129 on 23 September 2021 from its previous all time low of $0.0002184 on 28 December 2020.

Following updates to Gala Games inventory, which made transferring items from within the platform’s ecosystem to Ethereum much easier, as well as the signing of a memorandum of understanding between Gala Games and Wemade Tree (the blockchain subsidiary of Korea-based gaming giant Wemade), the GALA crypto price moved sideways throughout October and mid-November.

Gala to USD price chart, 2020 - 2022

News published on 15 November that the company would be releasing its very first limited supply of Game Node licences for Town Star boosted the GALA token by 192.11%, up from $0.1268 on 15 November 2021 to $0.3704 a week later.

The token’s price managed to keep a steady growth pace and by 28 November 2021 surged to $0.7121, its all-time high, following the announcement of the release of a new series of its VOX NFTs.

Success, however, did not last long for the GALA cryptocurrency despite a general hype surrounding play-to-earn platforms, which in November surpassed a $1bn record in NFT trading volume, according to data published by DappRadar.

Between its all time high at the end of November and 3 December, the token’s value dropped by 28.88% to $0.5064.

The Gala Games coin continued on a downward trend in the following month until it reached $0.1813 on 22 January 2022 despite securing a $100m blockchain gaming fund in partnership with C² Ventures and preparing for the launch of Phase 2 of the nodes ecosystem at the start of January.

What is your sentiment on GALA/USD?

The token then moved sideways for a little over a week before jumping by 109.65% to $0.3801 on 8 February from its 22 January value, as anticipation built around the upcoming release of 8,888 membership NFTs in the Flare realm where Gala Games had integrated with the Flare Network.

In more recent GALA coin news, the platform announced that it had partnered with popular American rapper Snoop Dogg and would be releasing his latest record, B.O.D.R, on the blockchain and that the tracks would be sold as NFTs.

By 15 February, the token’s value started to rapidly decline once again, falling by 36.84% in one week from $0.3547 on 15 February to $0.224, following Russia’s invasion of Ukraine that triggered overall negative market sentiment.

“The surge in GALA token is mainly due to the interest in metaverse and gaming tokens worldwide,” BigONE Exchange chair in Asia, Anndy Lian, told Capital.com.

“Its founders have done well in gaming and crypto mining. This becomes an added advantage. The token itself is based on Ethereum and is well supported by the community of faithful investors. Adding steam to the whole equation is that they are listed on most of the leading exchanges including Binance, FTX, Coinbase, Bybit, Huobi and Kucoin.”

What’s next for the Gala Games crypto?

Since 15 February 2022, the GALA crypto price has been moving sideways despite having been endorsed by the likes of Snoop Dogg and Paris Hilton. As of 18 March 2022, the token is trading at $0.222.

The platform has lined up a number of exciting partnerships including Frank Miller, Under Armour and AMC’s hit show The Walking Dead. Upcoming projects include the release of more games such as Last Expedition #, legacy and The Walking Dead: Empire, which will drive a new range of users to the Gala Games ecosystem.

It is also planning to expand its sustainable initiatives.

Between 6 and 8 June 6 2022, the platform will be in Copenhagen, Denmark, where it will host Galaverse, an immersive world experience for each one of its games.

Because the GALA token was built on the Ethereum network, it heavily relies on the ETH performance, making it quite volatile. Moreover, the token could start facing competition as tensions rise in the gaming/NFT space amid their growing popularity, Invezz’s data analyst, Dan Ashmore told Capital.com.

However, he noted that brighter times for the GALA coin value could be looking up ahead.

“GALA, the community-led gaming platform, spiked 20% in 24 hours at the start of February following the news that Galaverse will occur in June. At the last event last December, numerous projects were launched (including Legacy & The Walking Dead: Empires), and there is speculation more will be announced this June,” he told Capital.com.

“20% represents a huge jump for merely an event, and markets have pulled the token back below levels even before the announcement. GALA earlier announced a $5bn investment to expand their NFTs, and if that or the Galaverse don’t work out, this token could continue to tumble… If, however, projects remain on track and Galaverse does not disappoint, GALA could rise above a $3.5bn market cap. The all-time highs of $5bn set last November seem a reach.”

GALA coin price prediction: Will this be a good few years?

Algorithm-based forecasting service WalletInvestor gave a positive GALA prediction at the time of writing (18 March), calling it an “awesome long-term investment”.

Based on its analysis of the cryptocurrency’s past performance, the site predicted that the GALA cryptocurrency could trade at $0.559 by 2023 and reach $1.918 by 2026.

DigitalCoinPrice supported the bullish GALA crypto price prediction but at a much slower pace, seeing the coin reach $0.31 by the end of 2022 and $0.46by December 2025.

The site did not see a GALA price prediction surpassing its all-time high any time soon as its long-term GALA coin forecast showed the cryptocurrency reaching $0.64 by the end of 2027 and $1.19 by 2030.

Note that these predictions can be wrong. Forecasts shouldn’t be used as a substitute for your own research. Always conduct your own due diligence before investing, and never invest or trade money you cannot afford to lose.

 

Original Source: https://capital.com/gala-coin-price-prediction-is-it-a-good-investment

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j

Sandbox (SAND) coin price prediction: What’s next for the token?

Sandbox (SAND) coin price prediction: What’s next for the token?

SAND, the coin of blockchain-based play-to-earn metaverse Sandbox, is back on the slide losing 6% of its value today (10 March) down to $2.8.

In February it set off on a modest bull run after gaining the support of global fashion brand Gucci, which has bought a plot of land in its world. But the turrmoil caused by the outbreak of war in eastern Europe piushed it backed downwards.

What is the outlook for the coin? What is a realistic future price target? What factors could shape any Sandbox coin price prediction for 2022, 2025 and 2030?

In this article we look at the latest analyst Sandbox crypto price predictions, news and analysis to help you decide if you shoud make SAND part of your portfolio.

What is a Sandbox coin?

Sandbox is a play-to-earn game that combines blockchain technology and non-fungible tokens (NFTs) in a three-dimensional (3D) metaverse. It focuses on user-generated content which helps further develop the platform.

The game was initially known as two separate mobile hits: The Sandbox, which was launched in 2011, and The Sandbox Evolution, which was launched in 2016. Together, the two games generated around 40 million downloads across the Android and iOS platforms.

In 2018, the games’ developer, Pixowl, was acquired by Hong Kong-based game software company Animoca Brands which integrated the popular games into the blockchain ecosystem.

Sandbox is hosted on the Ethereum network and is powered by SAND, an ERC-20-based token.

Inspired by major game-creation systems such as Minecraft and Roblox, Sandbox allows players not just to create their own worlds and games, but also to have true ownership of their creations as NFTs. In exchange for participating and playing, players earn SAND tokens.

According to the metaverse’s whitepaper, the current game market limits creator rights and ownership, an issue which Sandbox aims to overcome “while accelerating blockchain adoption to grow the blockchain gaming market”.

The game itself is split into three parts:

  • VoxEdit, where players can create and animate 3D objects such as people, animals, tools and foliage. These are then exported into The Sandbox marketplace, where they become game ASSETS and are sold as NFTs.
  • The Sandbox marketplace where users can upload, publish and sell their ASSETS as ERC-721 and ERC-1155 tokens. The Marketplace launched on 30 March 2021.
  • GAMEMAKER, where players who own ASSETS can use them to play the game itself. Players can place their ASSETS within a piece of LAND (an ERC-721 token) that they own within the Sandbox metaverse. This LAND can be decorated with a number of ASSETS which can be given predefined behaviours through visual scripting nodes. Thus, players are able to turn their LAND into a potential full game experience. Several LANDS can be combined by players to form an ESTATE.

The SAND token fuels the platform and can be earned by selling ASSETS, by owning LAND which can be rented or populated with content to increase its value, and/or by building and monetising games through the GAME MAKER function on the LANDS that are owned by players.

The token also:

  • Gives players access to the platform. Players use SAND tokens to play games, make in-game purchases and customise their avatars. SAND is also charged to upload ASSETS on the marketplace and purchase Gems that define an ASSET’s rarity and scarcity.
  • SAND holders are granted governance and can exercise voting rights on key features within the project’s roadmap.
  • Players can stake their SAND tokens in order to earn more. This is also the only way that players can earn the Gems and Catalysts that are needed for ASSET creation.

Players get to keep 95% of their SAND revenue.

The total supply of SAND coins stands at three billion, with 1.12 billion in circulation. The token reached over $3.15bn in market capitalisation and is ranked the 37th largest cryptocurrency by CoinMarketCap as of 10 March 2022.

SAND price driven by partnership & investor news

The Sandbox token’s outlook started to look much more positive at the start of February 2021, following Sandbox’s partnership with cryptocurrency price-tracking website CoinMarketCap for the latter to release an NFT collection on the metaverse.

In the following months, the token’s price kept moving sideways before it reached $3.22 on 3 November 2021, after the metaverse announced on 2 November that it had gained $93m from Softbank Vision Fund 2 investors, which would help the platform scale up its growth strategy, operations and player acquisition.

By then, Sandbox already had over 165 partners, including popular US rapper Snoop Dogg, and famous TV series The Walking Dead and the Smurfs. The project had also partnered up with Liberty City Ventures, Galaxy Interactive and Adidas Originals.

On 25 November 2021, the token had reached its all-time high of $8.4022 – a 16,387.83% surge since its launch at $0.05096 on 15 August 2020.

On 1 December 2021 Sandbox announced that players could purchase plots next to the one where Snoop Dogg was building his mansion, Snoopverse. This led the SAND token to grow by just 2.02% from $6.5781 on 1 December to $6.7114 the following day.

Following an overall drop in bitcoin and ether prices at the start of December, SAND also fell by 28.8% to $4.7785 by mid-month, despite having secured partnerships with 10 exchanges, as well as a MAUER NFT collection memorialising the Berlin wall.

On 21 December 2021, the metaverse’s partner, Canadian electronic music producer deadmau5, announced the launch of his NFT collection on the Sandbox marketplace which pushed the SAND token’s price up to $6.73 on 26 December, an increase of by 40.81% from its 14 December low.

Bank of America strategist Haim Israel said on 1 December that the metaverse will make cryptocurrencies even more popular than they already were, thus boosting price targets for many metaverse-based crypto tokens including SAND. On 18 January 2022, investment firm JP Morgan Chase agreed with BoA’s bullish predicament by publishing a report saying that the metaverse industry could possibly reach over $1t in yearly revenues. The firm’s report mentioned Sandbox as one of the “main metaverse platforms”.

However, the token’s value line on the chart started to decline once again, amid a general dip in the crypto market at the start of 2022 due to the possibility of tightening monetary policy and geopolitical tensions.

What is your sentiment on SAND/USD?

2.77246
Bullish

or

Bearish
Vote to see Traders sentiment!

At time of writing, 10 March, the token is trading at $2.8.

What’s next for the metaverse?

One silver lining for the SAND token price was Snoop Dogg’s announcement on 27 January 2022 that he would be launching a series of Snoop Dogg metaverse avatars on the platform. The news pushed the token’s price by 61.28% from $2.99 on 22 January to $4.81 on 8 February 2022. The NFTs were minted on 22 February and have the potential to hike the token’s price once again.

In more recent SAND coin news, partnerships with Gucci and Ubisoft  were unable to offset the overall bearish forecast in the markets, with the token reaching $3.11 on 22 February – a 35.4% drop since 8 February.

The platform also partnered with Warner Music Group which will create a music-themed world in the metaverse as the platform plans to launch its first virtual concerts in the third quarter of 2022.

A mobile version of the metaverse is anticipated for some time in the fourth quarter of 2022.

BigOne Exchange chair Anndy Lian told Capita.com that Sandbox heavily relies on Ethereum’s performance, making the token quite volatile.

“Personally, I do like the developments of the project. But I do want to point out some angles for improvement. Firstly, the project relies heavily on Ethereum’s performance. I do think that, given the right situation, they should look at building on another blockchain or even their own chain.

“Secondly, their game needs to be attractive enough to draw in more users while retaining the old ones. I hope to see more game enhancement and token utility that comes along with it.”

Sandbox coin price prediction 2022-2030:

Algorithm-based forecasting service WalletInvestor gave a bullish SAND crypto price prediction at the time of writing (10 March), calling it an “awesome long-term investment”.

Based on its analysis of the cryptocurrency’s past performance, the forecasting service’s SAND price prediction was it could trade at $8.04 by March 2023 and reach $28.75 in five years.

DigitalCoinPrice supported the bullish SAND crypto price prediction but at a much slower pace, seeing the coin reach $3.61 by the end of 2022 and $5.49 by 2025.

The site’s SAND prediction was that the token was expected to surpass its all-time high in 2027 at $8.36. In 2030, the token’s price could reach $14.55.

Please note that price predictions can be wrong. Forecasts shouldn’t be used as a substitute for your own research. Always conduct your own due diligence before investing. And never invest or trade money you cannot afford to lose.

Analyst views on SAND

Bitbank crypto market analyst Yuya Hasegawa told Capital.com that upbeat comments on the Sandbox metaverse from financial institutions like Bank of America and JP Morgan, as well as sales of collaborative items with celebrities and popular brands, are attracting investors to the platform.

Hasegawa was interviewed before Russia invaded Ukraine on 24 February 2022.

“However, although SAND and some other metaverse-related tokens have outperformed bitcoin in the last quarter, the current market environment – not limiting to the crypto market – is heavily affected by the situation at the Russia-Ukraine border and investors are being quite defensive,” she noted.

“So, even though SAND has a lot of growth potential in the long run, as the industry itself is still in a sort of ‘experimental’ or ‘developmental’ phase, the financial market as a whole has to wait and see how the situation at the Russia-Ukraine border rolls out.”

Invezz data analyst Dan Ashmore added that the token managed to piggyback off the wider boom in the metaverse caused by Facebook rebranding to Meta in October.

“Further fuel was provided via high-profile partnerships, including Gucci, Warner Music Group and Snoop Dogg (offering shopping experiences, virtual concerts and playable avatars respectively). Particularly exciting going forward is the focus on user-generated content.

“Objects and interactive games can be created and sold on the marketplace. With the internet increasingly focused on content creation (YouTube, TikTok etc), ATH above $8 could be achievable in the next year or two, although that will depend on the wider crypto market,” he concluded.

 

Original Source: https://capital.com/sandbox-sand-coin-price-prediction

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j

OVR coin price prediction: Does AR have a future

OVR coin price prediction: Does AR have a future

Augmented and virtual reality metaverse platform OVR started December 2021 with a blast.

However, amid broad negative market sentiment due to an escalation of geopolitical tensions between Russia and Ukraine, its native token, OVR, saw a 50.52% decline since its all time high of $3.3213 on 2 December to $1.6431 at the time of writing (25 February 2022).

Following recent news that the platform decided to move to the Polygon network from Ethereum in an attempt to tackle scalability, what is the outlook for the OVR coin price prediction for 2022, 2025 and 2030?

What is OVR coin?

OVR is a decentralised augmented reality (AR) and virtual reality (VR) metaverse project which merges the physical and virtual worlds.

AR allows users to add different types of content to their surroundings, including audio, video two-dimensional (2D) and three-dimensional (3D) animation.

The metaverse can be accessed via a mobile device or smart glasses, through which users will be able to experience interactive augmented reality experiences.

According to the platform’s whitepaper, OVR aims to become the reference decentralised platform for AR content.

The metaverse is built on the Ethereum network and is powered by the OVR token, an ERC-20-based cryptocurrency.

The platform is made up of the OVR ecosystem, a digital layer that covers the entirety of the Earth’s surface with 1.6t hexagons. Each of these hexagons is known as an OVRLand and have specific geographical position points on the Earth’s surface and a standard 300 square metre dimension.

OVRLands can be further divided into seven hexagons, allowing players to have more precise localisation.

They act as non-fungible tokens (NFTs) and can be sold, auctioned and rented via the platform’s native marketplace.

The game starts when users purchase an OVRLand and become an OVROwner.

OVROwners can adjust and enhance their lands with a number of AR experiences known as OVRExperiences which can also be purchased through the OVR marketplace. The experiences are related to specific geographic locations and, according to the game’s developers, everything is possible when creating them from static 3D content.

Users can also create personalised avatars and join a number of live events, where they can meet fellow metaverse players and make friends or enter relationships.

The OVR token acts as an exchange medium within the entirety of the OVR ecosystem and can be used in the following ways:

  • Purchase OVRLand and other products on the OVR marketplace
  • Create OVRExperiences
  • Pay OVRCreators to build OVRExperience for users
  • Pay for the rent of virtual space
  • Grant users governance that can exercise voting rights on key features within the project’s roadmap

OVR tokens can be earned by selling or renting OVRLand, staking, building and publishing AR experiences. In addition, the platform implemented a decentralised advertising system based on a publisher/advertiser principle where users can earn coins by adding sponsored content on the owned lands.

The token did not have an initial coin offering (ICO). Instead, it introduced an initial bonding curve offering (IBCO), which determined the coin’s price via demand following its bonding curve. If the coin was in demand, its price would grow and more tokens would be minted.

The total supply of OVR tokens stands at 110m, with 27.9m in circulation. The coin’s market capitalization surpassed $46m. OVR was ranked 2973 by CoinMarketCap as of the time of writing (25 February 2022).

As of 25 February 2022, the platform had sold 90,766 OVRLands. All OVRLands are sold via auctions, which extend for 24 hours. The minimum value for a land is $10. OVRLand sales will run until all hexagons are minted.

OVR coin news and analysis: Key drivers

The OVR token had quite the journey before it managed to hit its all-time high of $3.3213 on 2 December 2021 – a 4,555.59% surge since its launch on 31 December 2020 at $0.07134.

The coin’s price started to grow in February 2021, when the metaverse published its development milestones for the month on 1 February. Ten days later it released an updated version of its minting function, known as Light Minting 2.0, which used the Merkle tree storage on the Ethereum blockchain and brought minting fees to 0.

The token surpassed the $1 value for the first time on 8 March 2021, the day the platform released its OVR SDK Alpha version, a function that started to allow users to build experiences on their OVRLand.

The token surged by 169.45% to $2.8562 on 24 March from $1.06 on 8 March.

The OVR token fell to $2.1801 four days later. It regained momentum, surging by 29.77% to $2.8292 two days later as the platform announced the launch of Rollups, a key scalability solution for Ethereum.

The coin’s success was not long-lived. The price started to dramatically drop between March and June, OVR tokens losing 73.47% of their value to $0.7504 on 21 June, despite the platform launching the second version of its Treasure Hunt, a function that allowed users to search for treasures in a manner similar to the Pokémon Go game.

The token’s price continued to move sideways for the next few months. It began to rise once again at the end of October.

At the start of November, the platform introduced OVRLand Mapping, which led to a 70.46% surge from $1.4694 on 31 October to $2.5048 on 7 November.

The introduction of payments via the Binance Smart Chain (BSC) on 18 November saw the token rise by 45.81% to $2.6215 on 25 November after dropping to $1.7978 one day earlier.

The token reached its all time high of $3.3213 on 2 December as the metaverse announced further updates, including the introduction of BSC Swapper and the launch of their updated website.

Despite that, the OVR token started to rapidly decline falling to $2.417 by the end of December and failing to gain momentum since.

What’s next for the OVR token?

Amid wider negative market sentiment, the OVR token price declined by 50.52% to $1.6431, as of the time of writing (25 February 2022) since its all time high in December.

Major OVR coin news followed on 28 January, when the platform announced that it would be moving to the Polygon network from Ethereum in an attempt to tackle scalability.

OVR announced that it was the biggest gas burner  on the Polygon network, having minted over 776,500 OVRLand NFTs between 17th and 23rd February to over 26,800 owners.

Moreover, the metaverse announced on 23 February that ownership of OVR platform assets becoming fully decentralised and independent from the OVR company, however, all the positive news failed to hike the coin’s price.

The platform is planning many more upgrades in the first and second quarters of 2022, including the decentralisation of its OVRLand secondary market, avatar AI integration and the launch of a new marketplace.

The OVR token could be affected by a recent rise in investor uncertainty amid geopolitical tensions and the Russian invasion of Ukraine.

OVR price prediction 2022-2030:

Algorithm-based forecasting service Wallet Investor gave a bullish OVR crypto price prediction at the time of writing (25 February), calling it an “awesome long-term investment”.

Based on its analysis of the cryptocurrency’s past performance, the forecasting service predicted that OVR could trade at $3.228 in 2023 and reach $9.242 by 2027.

DigitalCoinPrice supported the bullish OVR token forecast, seeing the coin reach $2.34 by the end of 2022 and $3.07 by December 2025.

The site predicted that the OVR token could reach $6.15 by the end of 2028 and rise to $7.51 by the end of 2030.

BigOne Exchange Chair Anndy Lian supported a bullish OVR price prediction.

“OVR is surely growing. Their ability to map the metaverses with precision is important,” he told Capital.com.

“And now that they have migrated from Ethereum to Polygon network, it will greatly decrease transactional and mining costs, while increasing its scalability for metaverses. I believe the roadmap we see now for OVR is just a small portion of it. I hope to see new developments from them soon.”

Please note that price and analyst predictions can be wrong. Forecasts shouldn’t be used as a substitute for your own research. Always conduct your own due diligence before investing. And never invest or trade money you cannot afford to lose.

 

Original Source: https://capital.com/ovr-coin-price-prediction

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j