Green Satoshi Token price prediction: Will M2E crypto rebound?

Green Satoshi Token price prediction: Will M2E crypto rebound?

The green satoshi token (GST), the utility token of the STEPN project, started 2022 with a high, but soon burnt out amid a wider negative shift in investor sentiment. Being the pioneer of move-to-earn (M2E) projects, STEPN, a Web3 app powered by the GST token, inspired crypto enthusiasts to exercise while earning money.

However, as the wider crypto market collapsed, following the fall of the TerraUSD stablecoin and its sister cryptocurrency LUNA, so did GST. Its price action relies on the performance of the Solana (SOL) blockchain, where  it was built.

What do experts have to say, and what other factors will shape the green satoshi token price prediction?

What is the green satoshi token?

The green satoshi token (GST) is the native cryptocurrency of the Web3 lifestyles app STEPN, according to the project’s whitepaper.

STEPN combines SocialFi and GameFi elements and is built “around an essential daily activity for most people – moving around”.

When STEPN launched in December 2021, it was the first M2E mobile non-fungible token (NFT) game powered by the Solana network. The game was created by a fintech studio based in Australia named Find Satoshi lab.

In the game, users equip themselves with NFT Sneakers and can either jog, walk or run outdoors to earn GST tokens. Players can also choose whether they want to lease or sell their NFT Sneakers on the in-app Marketplace.

“With Game-Fi, STEPN aims to nudge millions toward a healthier lifestyle, combat climate change and connect the public to Web 3.0, all while simultaneously hinging on it’s Social-Fi aspect to build a long-lasting platform fostering user generated Web 3.0 content,” the platform’s whitepaper said in a statement.

STEPN is currently under a Public Beta Phase. The application makes profit from small taxes on in-app activities, like NFT trading, Shoe-minting and Shoe-rental.In addition, part of STEPN’s profit goes to buy Carbon Removal Credit on the blockchain to combat climate change.

STEPN has a dual token system:

  • GMT is the platform’s governance token
  • GST is the platform’s utility token.

The two tokens are utilised for different purposes within the platform. GST tokens can be used to level up or mint new NFT Sneakers or even cash out for profit, meanwhile GMT tokens can be used for customisation fees.

STEPN has a burn mechanism which means tokens are available in a limited supply. Both GMT and GST tokens are burned through a number of in-app activities.

In order to become part of the STEPN community, a person must first download the STEPN mobile app, register an account and open a wallet. Users deposit SOL tokens to the built-in STEPN wallet with which they can buy NFT Sneakers.

Activity rewards motivate users to use the app everyday for sports, thus pushing them to continue to exercise.

The total supply of GST tokens amounts to a little over 286m – over 276m tokens are currently in circulation, according to data provided by CoinMarketCapas of 20 July. GST has a market capitalisation surpassing $18m and is ranked as the 621st largest cryptocurrency.

In 2021, STEPN finished fourth out of over 500 projects at the Solana Ignition Hackathon.

GST price analysis

The GST token was arguably one of the most successful tokens of 2022 as it embarked on a bullish trend shortly after launch. Debuting at $1.8451 on 22 December 2021, the token gained nearly 70% in two weeks as it reached $3.1216 on 6 January 2022.

Even though it managed to lose some momentum between 16 and 20 January, GST started a steady climb to $2.9423 by 20 February, up from $1.6839 lows a month earlier.

GST/USD chart, December 2021 – July 2022 

Between 1 and 6 March, the GST token jumped by nearly 50%, reaching its then all-time high of $3.9838. A second jump followed in April, when the token first reached $4.7337 on 1 April, surging to $5.4805 six days later.

After some downward action and fluctuation between $4 and $5, the token skyrocketed to $7.8233 – a 42.7% surge since its 7 April value and a 324% jump since its launch in December 2021.

Following the massive surge, the token dipped on the following day and lost over 45% of its value as it fell back to the $4 levels. The token is trading at its record lows, as of 20 July.

As of 20 July, the coin was valued at $0.06673, a 96.4% decline since its launch in December and a 99.1% fall since its all-time high in April.

This comes amid a wider shift in market sentiment to risk-off due to the tightening cycle of monetary policy, soaring inflation, the war in Ukraine, and fears of recession, with cryptocurrency veterans bitcoin (BTC) and ether (ETH) down 48% and 56% respectively year-to-date.

Key GST news that are driving the token

The GST token seemed to have been performing fairly well at the start of May. However, the positive rally was short-lived as the token soon embarked on a bearish trend following the collapse of the TerraUSD (UST) stablecoin and its sister token LUNA that brought down a sea of other cryptocurrencies.

In addition, the token was affected by a Solana outage on 30 April. The outage happened in Solana’s Mainnet Beta cluster which ceased producing blocks as result of stalled consensus. Even though the system was quickly restored and the GST token ended up dipping by 48.7% in a day.

The biggest STEPN news, however, came on 22 April, Earth Day 2022, several days before the GST token reached its all-time high, as the coin announced its goal of carbon neutrality. As the company noted:

“STEPN, a Web3 lifestyle app, is kickstarting their mission toward combating climate change and achieving carbon neutrality with a purchase of $100,000 worth of Carbon Removal Tonnes, or 5,797.1 tonnes. STEPN will continue to power the movement to reverse climate change with a monthly commitment to pay for carbon removal.”

On 27 April Coinbase announced that it would be adding support for GMT and GST tokens. A day later, OpenSea said that STEPN NFTs were “now available” on the platform.

Following the news, the GST token surged by around 65% in April to its all-time high of $7.8233.

In addition, at the start of April, STEPN released its first quarterly GMT results, which saw a profit of 198,635.62 SOL ($26,815,807.35 at the time) from the platform’s NFT marketplace trading and royalty fees.

One week later, the platform announced that over the previous few months, the app was used by 200,000 daily active users. In the aftermath of positive news, the GST cryptocurrency grew by around 15%, from $4.7337 on 1 April to $5.4422 on 8 April.

On 28 February the company announced that it was looking into launching two updates: a merge spending account with Wallet and an NFT marketplace upgrade. On 1 March the platform announced a giveaway and the token was made available to buy on the Binance Launchpad.

GST price prediction: What should traders look out for?

In the third quarter of 2022, STEPN is planning to launch the spin-off of their NFT marketplace. In the fourth quarter it plans to implement a system where players can rent each other’s sneakers for running.

According to Mark Fidelman, the founder of SmartBlocks and host of the Cryptonized podcast, the GST token “is a speculation”.

“That’s what’s driving its price action. It’s a pretty cool concept, but I don’t think the token price is going to go anywhere in the future,” he told Capital.com.

Fidelman added that whilst STEPN’s main goal is to pay people to be healthy and move around, the token has no other value that could be driving it forward.

“I mean, yes, [people] have to buy NFT’s before they can start moving around on the app and there’s some money there, but the amount of money [people] are spending, or the token is spending, on people moving can’t be paid back because there’s no underlying value there.”

Anndy Lian, the chief digital advisor at Mongolian Productivity Organisation and the author of Blockchain Revolution 2030, added that in order for GST to pick up its pace again, STEPN must try to “find a place within the GameFi space”.

“GST has to scale up or find more users sustainably. Earning $1 daily by walking seems to be more sustainable compared to $30. The company should rethink its marketing strategy for it to scale up,” Lian added.
“When that is addressed, they can find real investors who are interested in their product and not just trying to make money off it. This will also help them to position themselves to attract more prominent institutions or sports brands to buy into their company too.”

Both Lian and Fidelman agreed that STEPN proposes a unique concept, however, the company must work on their marketing strategy and value in order to return to past highs.

“STEPN is the pioneer in the move-to-earn space. This will continue to give them a good head start. I wrote a lot about them in my new book titled NFT: From Zero to Hero. My friendly piece of advice for the team is to get them to sprint and not walk,” Lian concluded.
Fidelman added: “Maybe if they figure out an exercise model that works, maybe that would work. But this has been tried with startups and failed miserably.”

Green satoshi token price prediction

In line with recent action, algorithm-based forecasting service Wallet Investor gave a bearish green satoshi token price prediction.

As of 20 July, the site called GST is “a bad investment”. According to the website’s future GST coin price prediction, the token could fall to $0.0223 in 2023.

DigitalCoinPrice on the other hand, had a more bullish view on the GST crypto price prediction.

According to its green satoshi token price prediction for 2022, the cryptocurrency could average at $0.0998 by the end of the year.

The site’s  green satoshi token price prediction for 2025 suggested that the coin could average $0.13 and $0.22 by 2028. Meanwhile, DigitalCoinPrice’s long-term green satoshi token price prediction for 2030 indicated that the cryptocurrency could average at $0.31 during the year.

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, and never invest or trade money you cannot afford to lose.

 

Original Source: https://capital.com/green-satoshi-gst-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 “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”.

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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, has a had a good week rising 15% to reach $2.93 today (21 April).

However this comes after a disappointing first half to the month when it was at $3.79 but slid down as low as $2.6.

The latest boost comes after reports that majority owner, the blockchain gaming developer Animoca Brands, was trying to raise $400m from new and existing investors. Last November it raised $93 million in a round led by SoftBank Vision Fund 2.

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 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 1.16 billion in circulation. The token reached over $3.39bn in market capitalisation and is ranked the 41st largest cryptocurrency by CoinMarketCap as of 21 April 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 $8.4 – a 16,387% surge since its launch at $0.051 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.% from $6.58 on 1 December to $6.71 the following day.

Following an overall drop in bitcoin and ether prices at the start of December, SAND also fell by 29% to $4.78 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 41% 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’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 price prediction at the time of writing (21 April), calling it an “awesome long-term investment”.

Based on its analysis of the cryptocurrency’s past performance, the forecasting service’s SAND crypto price prediction was it could trade at $6.4 by April 2023 and reach $21.2 in five years.

DigitalCoinPrice supported the bullish Sandbox crypto price prediction but at a much slower pace, seeing the coin reach $3.77 in 2022 and $5.57 by 2025.

The site’s SAND prediction was that the token was expected to hit $6.53 in 2027 and by 2030, the token’s price could reach $13.34

Please note that Sandbox predictions can be wrong. SAND coin price predictions 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,” he 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 “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”.

j j j

Elvantis price prediction: Where next for the ELV token?

Elvantis price prediction: Where next for the ELV token?

Launched in the midst of a non-fungible token (NFT) and metaverse hype train, the ELV coin, responsible for the smooth operation of the Elvantis ecosystem, has had quite the journey during its first few months in circulation.

The ELV token surged by 101.53% in the first four days following its launch, up from $0.07567 on 10 February 2022 to $0.1525 on the 14th.

The token’s success, however, was not long lived; the ELV coin value started to drastically decline after reaching its all time high of $0.1542 on 17 February. The coin is currently trading at $0.06295 (as of 22 March).

Is this the right time to join the digital universe? Let’s have a look at the Elvantis crypto price prediction for 2022, 2025 and 2030 to find out more.

What is Elvantis (ELV)?

According to its official website, the Elvantis ecosystem is a “metaverse-inspired online NFT game that combines what you love about gaming with the addictive thrill of collectables”.

Set in an immersive space ecosystem, the project juggles with the idea of merging art and NFTs with video games and crypto earnings as it strives to build a community that creates a self-sustaining and profitable “living organism”, as stated in its whitepaper.

The game operates as a storyline that guides players through a metaverse as they look for rewards in an open world with the help of a Treasure Map. Rewards come in NFT form as unique, collectable cards that have a number of utilities besides their artistic value.

Players can explore the Elvantis ecosystem as bounty hunters or build a farm and earn items that can be given away or traded on the platform’s own marketplace. Aliens fill the role of avatars in this intergalactic universe and each player has the opportunity to expand the skills of their alien making them better and stronger.

The aliens, known as Elvantinians, can travel through the entirety of the Elvantis universe and collect a number of items (NFTs) from chests and adventures that will help them grow stronger and more powerful; get to rule over countless planets; battle each other as well as a number of mythical creatures for rewards and enlarge their empires.

Players keep their collected NFTs in a Relic Album. Players receive extra rewards as the album is being filled up.

The Elvantis ecosystem was built on the Binance Smart Chain (BSC) but has crossed into the Ethereum network as well. Its native coin, ELV, was built on the Ethereum network and operates as an ERC-20 cryptocurrency.

The ELV token can be used for:

  • NFT staking and farming
  • Participating in in-game battles
  • Hunting for treasures with the use of the Treasure Map
  • Trading and selling items on the marketplace
  • Completing sections of the Relic Album

The maximum supply of the ELV cryptocurrency amounts to 300m, meanwhile over 44.8m are in circulation as of 22 March 2022. The token reached over $2.8m in market capitalisation and is ranked as the 3461st  largest cryptocurrency by CoinMarketCap as of 22 March 2022.

The project is in the early stages of its production and still has a long way to go until fully launched.

ELV token value: Key drivers

The ELV crypto price took off within a week of the token’s launch, surging by 103.77% from $0.07567 on 10 February 2022 to $0.1542 on 17 March, an all-time high value, as seen on the chart below.

A successful launch was triggered by the ELV token being listed on a number of crypto platforms, including CoinMarketCap, Coinstats, DappRadar and CoinAlpha. The coin was also ranked second biggest gainer on CoinMarketCap four days following its launch and releasing its chests function.

The token’s advance was not long-lived, however, as the ELV coin value started to rapidly decline, falling by 56.45% to $0.06714 exactly a week after reaching its all-time high.

Elvantis to USD price chart, February - March 2022

The bearish trend in the Elvantis coin price was likely the aftermath of the Russian invasion of Ukraine, which sent crypto markets tumbling.

An untimely debut did not help the Elvantis crypto value gain momentum despite the platform’s constant development and promises of more to come.

In the recent Elvantis coin news, on 24 February 2022 the platform announced that it would be launching a new series of NFT avatars known as “The Crypto Legends”. The avatars include virtual NFT figurines of twenty “legendary” names that were immortalised due to the “great realizations and the influence that they had on the course of Universal events”.

Some of the “legends” featured include: American rapper Snoop Dogg, who has on several occasions expressed his interest in the metaverse and a number of NFT projects; Tesla CEO Elon Musk; the presumed pseudonym of the team that created Bitcoin, Satoshi Nakamoto; Binance CEO Changpeng Zhao and computer programmer John McAfee.

However, even a star-studded NFT collection did not help boost the ELV coin value, which by 9 March had fallen o $0.05174, its all-time low.

Further negative news followed as US President Joe Biden announced that his administration would be signing an executive order that includes new initiatives on cryptocurrency regulation.

The ELV cryptocurrency continued on a bearish trend until it surged by 81.17% to $0.09374 on 13 March 2022 from its 9 March value after the platform announced the launch of a giveaway that would see players win 50 NFTs and $10,000 in ELV tokens.

Since the token’s mini-surge in mid-March, the Elvantis cryptocurrency has not been looking very good as it lost 32.84% of its value and dropped to $0.06295 on 22 March 2021.

Invezz’s data analyst Dan Ashmore pointed out that the bearish outlook faced by the ELV cryptocurrency is due to its untimely launch.

“Shedding nearly two thirds of its value in the last month, Elvantis is suffering from a stuttering market as crypto and stocks alike pull back.”

by Dan Ashmore, Invezz

“Elvantis is a prime example of how important it is to time your launch well in the world of crypto. Akin to how companies in the stock market often pull initial public offerings (IPO) in response to macro events, the sentiment in the market is vital to nascent cryptocurrencies, especially given the rampant speculation from retail in the alt-coin sector,” he told Capital.com.

“Shedding nearly two thirds of its value in the last month, Elvantis is suffering from a stuttering market as crypto and stocks alike pull back. Altcoins, high beta assets as they are, have felt the brunt of this as investors have moved risk-off in response to the precarious geopolitical climate.

“Elvantis presents as an especially high risk investment given it is still in production, and the appetite from investors for such assets is simply not there right now, as they seek to retreat back the risk curve rather than move further out.”

Ashmore believes that if the token aspires to reach its February digits it is vital for it to be picked up by the wider market.

BigONE Exchange Chairman in Asia, Anndy Lian agreed with Ashmore, on the token’s unlucky launch.

“As of today, I think the price of the coin has reflected the market sentiments. If investors want to see a spike in price the project must launch their play-to-earn gaming according to the market’s condition. It would be better if it is accompanied by a good listing too,” he added.

Elvantis NFT: A metaverse in development

The Elvantis ecosystem is far from being finalised and currently in “full development”. On 10 March 2022, the platform announced that it is carrying out minigame test runs.

On 14 March, the platform launched the NFT Farm, a minigame where players can stake a variety of their NFTs in order to win ELV tokens. This was followed by the launch of “The Crypto Legends” collection on 20 March.

According to the platform’s roadmap, players can expect many more updates to come in the following years including the launch of:

  • Five new NFT collections.
  • The platform’s marketplace.
  • The alpha version of the play-to-earn metaverse.
  • The app for ANDROID and IOS.
  • New partnerships.
  • Cross-chain development with Ethereum, Matic and Solana.

It is important to note that because Elvantis is a relatively new project in the play-to-earn metaverse and decentralised finance (DeFi) industry, it may not achieve broader adoption.

ELV price prediction: Will the token surpass its bearish trend?

Algorithm-based forecasting site Wallet Investor gave a negative Elvantis token price prediction at the time of writing (22 March), calling it a “bad long-term investment”.

Based on its analysis of the cryptocurrency’s past performance, the site predicted that the ELV cryptocurrency could trade at $0.00351 by 2023. The platform did not provide an Elvantis (ELV) coin price prediction for 2026.

DigitalCoinPrice, on the other hand, echoed the opposite sentiment in its Elevantis crypto prediction, seeing the coin reach $0.0876 by the end of 2022 and $0.13 by December 2025.

The site predicted that ELV would surpass its all-time high by the end of 2028 reaching $0.25. Its long-term ELV coin forecast showed the cryptocurrency reaching $0.31 by 2030.

Note that algorithm-based Elevantis 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.

 

Original Source: https://capital.com/elevantis-elv-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 “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”.

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