March 30th, 2022

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.

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

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

March 22nd, 2022

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.

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

www.anndy.com

j j j

February 24th, 2022

Where Can You Find the Best Crypto ETFs?

Crypto ETFs captured the attention of the crypto investors late last year when the first Bitcoin ETF in the US, the ProShares Bitcoin Strategy ETF (BITO) was listed on the New York Stock exchange. It also made crypto investing accessible to the wider investment world, after years of attempts to launch one. The ETF was designed to appeal to investors comfortable with the traditional investment world of stocks and ETFs, but who perhaps didn’t fancy the learning curve of creating their own crypto account and wallet. Nevertheless, the launch was welcomed by many as a radical step forward allowing crypto and NFTs as an alternative investment, to diversify portfolios to withstand future economic changes, as well as widening public understanding of the value of crypto.

ETF, which stands for Exchange Traded Fund, traditionally a mutual fund that is traded on a stock exchange, is typically consists of three components: an index, a stock type, and a fund. In other words, an ETF is essentially a fund that tracks an index while also being bought and sold in the stock market. To put it simply, “An exchange traded fund (ETF) is a basket of securities that trade on an exchange just like a stock does,” according to Investopedia. As a result of their makeup, the key advantage of ETFs is their ability to diversify risks. For example, if there are 100 different stocks in an ETF then they all cannot drop in price together. As a result, the investment portfolio established by this ETF will not suffer a significant drop either.

As well as ProShare’s BITO, there are several similar products which all have one thing in common, they are in the main issued by traditional financial institutions. The practical implication for interested crypto investors is that their categories are however fairly limited to include BTC, ETH and a few ETH products. Despite these drawbacks the struggle to launch further ETFs has continued, despite a reluctant SEC. At the end of January Fidelity tried to get a Bitcoin ETF passed (the so-called “Wise Origin Bitcoin Trust”) only to see it rejected, only to follow up the next day with the Fidelity Crypto Industry and Digital Payments ETF and the Fidelity Metaverse ETF. A key difference that inspired the SEC ban was that the Fidelity Bitcoin ETF was designed to directly hold the cryptocurrency, unlike other BTC ETFs approved by the SEC which solely deal with Bitcoin futures. In other words, buying the BITO ETF doesn’t mean you own BTC, rather that ProShares invests in Bitcoin futures contracts on the Chicago Mercantile Exchange (CME). As confirmed in a report in Fortune: “Rejecting Fidelity’s proposal is just the latest disappointment for investors that had hoped 2022 could be the year where an ETF directly tied to the price of Bitcoin would make it to market in the U.S.”

Outside the US comes more promising news of crypto-related ETFs with the launch this month in Brazil of the world’s first fund dedicated to DeFi, called the Hashdex DeFi Index (DEFI11). “We are confident that DeFi, through its innovative and disruptive technology, will exponentially grow and play a vital role in the financial sector of the future. By offering the first DeFi ETF in the world, we are providing our global investors with the ability to play a part in the next evolution of the crypto ecosystem,” said Marcelo Sampaio, CEO of Hashdex. According to a FT report the ETF will invest in eight DApps, including Uniswap; lender Aave; Polygon, a service designed to speed up transactions on blockchains which recently raised $450 million in a new venture financing round; and oracle innovator Chainlink. It’s also worth noting that as these DApps have smaller market capitalizations than BTC and ETH the tokens may be even more volatile. Cryptocurrency advisor Michele Zilocchi explained: “ETFs are not cryptocurrencies and so they do not give you the ownership, but they allow you to replicate trends. BITO and Hashdex represent a great innovation and a helping hand to institutional investors that were afraid of actual cryptocurrencies ownership. I think that these ETFs represent the doorway for institutional investors to the crypto-space.”

On the regulatory front the launch highlights a divide between global financial centers that have thus far permitted little innovation in the growing field of digital assets, and relatively more laissez-faire financial hubs. “While Canada, Sweden, Germany, Switzerland, Jersey and Liechtenstein all boast spot cryptocurrency ETPs (exchange-traded products), and Australia and India are poised to join them, US regulators have only approved futures-based versions, while those in the UK, Hong Kong and Singapore have not even permitted these vehicles,” the FT report pointed out. Barrister Brian Sanya Mondoh and The Cake advisor, said that when rejecting ETFs, the SEC applies Section 6(b)(5) of the Exchange Act, which requires, in part, that the rules of a national securities exchange be “designed to prevent fraudulent and manipulative acts and practices [and] to protect investors and the public interest.” However, Mondoh agreed that the lack of uniformity in applying this legal test has resulted in impeding investor choice and stifles innovation. “With an increased appetite for Bitcoin and other cryptocurrencies, investors often bypass the law to access crypto markets. Rather than expose investors to bad actors, ETFs should be allowed to ensure more robust protections for investors and more effective surveillance for market manipulation and other fraudulent activity.”

What hasn’t been reported widely is the comparative success of leveraged ETFs launched by cryptocurrency exchanges themselves including BigONE. What they lack in trading volume enjoyed by traditional financial institutions they more than make up for in the advantages offered to the savvy investor. For starters, users do not need to pay the collateral assets to achieve the effect of leveraged trading on the target asset. The product has no expiration date, no risk of liquidation, but it contains the risk that the net value might close to zero. In addition, the ETF products available on cryptocurrency exchanges cover a far wider range of cryptos categories within the ETFs than traditional financial institutions offer. And because their market cap is lower, compared to the likes of BTC and ETH, the impact of the smaller crypto ETF’s upward price movements results in bigger gains.

A leveraged ETF typically uses financial derivatives and debt to scale up the returns of an underlying index. While a traditional ETF typically tracks the securities in its underlying index on a one-to-one basis, a leveraged ETF may aim for a 2:1 or 3:1 ratio, according to Investopedia. For example, for every 1% increase in BTC, BTC3L (three times long BTC) increases 3%, and BTC3S (three times short BTC) decreases 3%. In other words, compared with spot trading, the same asset leveraged ETF will generate three times the profit. On BigONE Exchange this means if you purchase one asset of BTC3L and achieve three times profitability in a unilateral rise, all of this is also managed by platform fund managers, which crucially means users can easily build their own leveraged investment portfolio without knowing the specific mechanism. Plus, he/she does not need to borrow money or pay for the secured assets to achieve their goal.

Thanks to the unique rebalancing mechanism of BigONE’s leveraged ETF product, when the ETF is profitable, it will automatically increase the position after the adjustment. While in the event of a loss, the position will be automatically reduced after the adjustment to avoid the risk of being liquidated. The mechanism is designed to automatically adjust the position of the contract behind each product, and the number of currency holdings will not change. Which in simple terms means while the ETF price remains stable, the level of profitability is also greater.

“What we are seeing is the maturation of the crypto ETF market with the launch of the Hashdex DeFi Index, the world’s first fund dedicated to DeFi. While the US is lagging with the SEC looking for further regulation before committing to a spot crypto ETF, I see the real innovation coming from crypto exchanges like BigONE,” said BigONE Chairman Anndy Lian. “But clearly following the BITO ETF and news of Australia’s corporate regulator giving the green light to a range of cryptocurrency-related ETFs, which could see Bitcoin and Ethereum-backed investment funds trading on the ASX in the coming months, the potential for the global crypto ETF market is huge,” he added.

Original Source: https://www.timebulletin.com/where-can-you-find-the-best-crypto-etfs/