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Most crypto-oriented gaming projects usually run on the likes of Ethereum (ETH), Solana (SOL), EOS (EOS) and Tron (TRX). Despite Ethereum’s (ETH) dominance however, a growing number of game developers are now launching on Polygon (MATIC). GensoKishi Online Metaworld is a part of this list, and it’s simple to understand as to why that is. Polygon is a very active network which is quickly developing to scale Ethereum and also be a dependable platform with relatively cheap trade costs. Polygon is extremely scalable, enabling for the deployment of large decentralised applications without compromising privacy.
As such, GensoKishi Online Metaworld launched its own Telegram channel earlier this month, enabling community members to stay up to date on the project’s progress. Needless to say, the metaverse-based game will be vast, as projected, given the team’s intentions for the metaverse, GameFi, and NFTs.
What Is GensoKishi Online Metaworld Exactly?
Simply put, GensoKishi Online Metaworld can be thought of as a new GameFi and metaverse iteration of GensoKishi Online, which won the ‘Game of the Year Gold Award’ in Taiwan in 2012 and had 8 million players.
Essentially, the game uses blockchain technology to construct a digital world ecosystem, and GenoKishi Online Metaworld thus combines aspects of Web 3.0 with the metaverse. Its objective is to construct a metaverse environment that surpasses the constraints of the physical world and continues to grow for the foreseeable future.
Combining the Worlds of Gaming, Decentralised Finance, Blockchain, NFTs and the Metaverse
GensoKishi has been re-imagined to leverage the power of blockchain and a P2E paradigm to support a complete digital economy. As a result, players will have a better experience due to this set-up. At the same time, users can turn their gaming enthusiasm into real-world benefits by exchanging in-game assets that exist as valuable non-fungible tokens which can then be exchanged for ETH via the OpenSea platform, a prominent marketplace for NFTs.
With that being said, a unique feature of GensoKishi Online Metaworld is the possibility for gamers to create their own characters and material directly within the game. Moreover, the decision to tilt their metaverse toward the gamer and give them the ability to create custom characters with one-of-a-kind characteristics, skills and attributes that can be traded for various other gaming items as well as fungible assets via the aforementioned NFT marketplace shall certainly provide GensoKishi Online Metaworld with a distinct advantage over numerous other games built around cryptocurrencies and blockchain technology.
Partnership with TrustPad
Earlier today, GensoKishi Online revealed a new partnership with TrustPad, which will assist in promoting GensoKishi on its platform as well as publicise this initiative to its large investor base. TrustPad is the inaugural decentralised multi-chain fundraising platform that allows projects to obtain funds while assuring early stage investors with security and ease-of-access. As an added bonus of this collaboration, GensoKishi shall receive complete support from the DeFi Launchpad Association.
In related news, GensoKishi was supposed to list its MV governance token on both Quickswap and Uniswap in December. After consulting with their launchpad partners however, the team has concluded that it is instead preferable to postpone the IDO in order to fully capitalise on the additional awareness, marketing, and new users that this partnership would bring in. Other members of the launchpad organisation shall also assist the GensoKishi IDO, expanding public access and visibility to the initiative. More information will be made available in the near future.
A Game That Has It All
The ability to earn money while you play is already an attractive reason to get involved with GensoKishi Online Metaworld, but when the game’s strong infrastructure and innovative ecosystem are also taken into consideration, it really does not take much to see why millions of people are already playing the game. Not only is the game free to play, but it also supports Android and iOS compatible devices, and can even be played on desktops and laptops.
Furthermore, the fact that the game relies on Polygon is yet another strong indicator of its value and future worth. Polygon is one of the top projects in the entire cryptocurrency industry and its native token, MATIC, is still in the top 15 cryptocurrencies by market capitalization as of this time. Polygon’s Arjun Krishan Kalsy stated that GensoKishi Online Metaworld is a Japanese game which has already been launched on popular gaming platforms and systems and that it is a GameFi adaptation of a game that already has existing users within the gaming metaverse. He also stated that his team is pleased that such a traditional game has joined the cryptocurrency sector and been deployed on Polygon, and that they would keep supporting Gensokishi’s future growth.
 

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Most crypto-oriented gaming projects usually run on the likes of Ethereum (ETH), Solana (SOL), EOS (EOS) and Tron (TRX). Despite Ethereum&#x2019;s (ETH) dominance however, a growing number of game developers are now launching on Polygon (MATIC). GensoKishi Online Metaworld is a part of this list,...

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Why Everyone Should Be Paying Attention to GensoKishi Online Metaworld

It is no news that the prices of major cryptocurrencies have hurtled in the past week or so, especially after Bitcoin slipped below its $50k mark. Polkadot moved southwards by 7%, BNB shed over 5% and EOS also was in control of the bears as it was trading at 3.11% after depreciating by 3% in the last 24 hours. This drop-down in prices has caused the technicals to flash bearish signals at the time of writing.
Polkadot/USD Four Hour Chart

Polkadot’s market price has declined from the month of November, the coin had managed to stay put above the long-standing support mark of $23. At press time the price of the coin was $23.42, falling beneath which it would invalidate its four-month long price floor and trade near $19.
In the last week and a half, DOT’s drop in prices has formed a descending triangle hinting that the bears have become stronger.
The cryptocurrency aggressive decline can also be tied to increased selling pressure. The Relative Strength Index was in the negative zone as the asset was oversold owing to high the fear index. On Balance Volume has also affirmed to the above reading indicating a mundane buying strength. The Directional Movement Index displayed bearish robustness as the -DI was above the +DI line.
BNB/USD Four Hour Chart

Binance Coin was seen trading below the 20-SMA line which signalled that sellers have driven the price momentum in the market. At press time, the coin was valued at $506.9 after it noted a pullback at $581.4 and then at $528.5 respectively.
By the reading of the technicals, a price reversal over the upcoming trading sessions looks bleak.
Over a week now BNB’s price action has been mundane as the coin was standing at the same price. The immediate resistance mark for the coin was at $528.5 while the support rested at $474.6. The Relative Strength Index was parked in the oversold zone as the asset was immensely undervalued at press time. Awesome Oscillator saw emerging red histograms which signified a downtrend in prices.
EOS/USD Four-Hour Chart

EOS has been struggling to move past the 23.6% Fibonacci level since the beginning of December and that level has been acting as the immediate resistance level. The further downtrend will cause EOS to fall below its $2.93 price floor, which the coin hasn’t fallen since January 2021. EOS last lost over 6% in the last week after it tried to topple over its overhead resistance of $3.28.
In case prices recover, there are strong chances that the bulls might get rejected at the 23.6% Fibonacci level and subsequently at the 38.2% level too. Technical outlook was skewed towards the bear of the market.
The Relative Strength Index had dipped below the half-line as selling pressure took over due to bearish price action. The Directional Movement Index was inclined towards the bears. Awesome Oscillator had also gravitated towards the bears in the market.
The post Polkadot, Binance Coin And EOS Plunge: Vital Trading Levels To Keep An Eye On appeared first on CoinGape.


It is no news that the prices of major cryptocurrencies have hurtled in the past week or so, especially after Bitcoin slipped below its $50k mark. Polkadot moved southwards by 7%, BNB shed over 5% and EOS also was in control of the bears as it was trading at 3.11% after depreciating by 3% in 
The...

coingape.com

Polkadot, Binance Coin And EOS Plunge: Vital Trading Levels To Keep An Eye On

EOS was trading at $3.18 and had declined on its chart by 3.3% over the last 24 hours. The token had been displaying a bearish price trajectory and at the current price level, EOS was almost 151% below its all time high. The consolidation on its charts forced buyers to exit the market, the token recently fell below its long standing support level of $3.28.
 EOS/USD One-Day Chart 

The Relative Strength Index displayed negative buying pressure as the indicator remained below the half-line ever since the end of November. If buying pressure revives, then EOS might find itself trading near its immediate resistance of $3.28 and then finally at $3.66.
In respect to volatility, the indicator displayed narrowed bands, which meant that volatility would remain low and EOS could continue to trade in a consolidated manner. Further consolidation could also push the coin to trade lower than its current price level at its local support of $2.93.
Chaikin Money Flow had displayed considerable signs of recovery in the last few days, but as support from broader market withdrew itself, capital inflows also had started to lessen.
VET/USD One-Day Chart 

VeChain declined over 13% in the last one week and at press time the coin was trading for $0.0754. Over the last 24 hours VET declined 3.7%. As seen on the daily chart, VET was trading within a descending channel. VET seemingly would encounter a robust resistance at the 61.8% Fibonacci level. Immediate resistance for the coin stood at $0.0772, breaking above which VET could trade around the $0.1007 mark.
The Relative Strength Index remained below the half line for the past few weeks and buying action remained bearish. On the Directional Movement Index the -DI stood over the +DI line which indicated that the trend for the coin was bearish at the time of writing.
With continued decreased buying strength, VET could soon fall to the $0.0576 support line. Although VET’s trading trajectory was bearish, the coin was still 100% above its all time low price.
LINK/USD One-Day Chart

Chainlink was trading for $17.41 and it noted a 2.7% depreciation over the last 24 hours. The coin was trading within its descending channel. The immediate resistance for the coin stood at $21.31 and the other price ceilings stood at $24.93. The price of LINK was seen below the 20-SMA which meant that price action was dominated by sellers in the market.
The local support level of the coin was at $17.38 and $13.77. If buyers come back to the market, Chainlink might witness a resistance at the 38.2% Fibonacci level.
The Relative Strength Index was in the bearish zone. With a fall in selling pressure, LINK might retest the $21.31 and $24.93 level again.
The post Eos, Vechain And Chainlink’s Bearish Gravitation: Crucial Levels To Watch Out For! appeared first on CoinGape.


EOS was trading at $3.18 and had declined on its chart by 3.3% over the last 24 hours. The token had been displaying a bearish price trajectory and at the current price level, EOS was almost 151% below its all time high. The consolidation on its charts forced buyers to exit the market, the token ...

Eos, Vechain And Chainlink’s Bearish Gravitation: Crucial Levels To Watch Out For!

  EOS (EOS) has finally begun to show some bullish signs and could initiate an upward movement that takes it above its Sept highs.
EOS has been lagging considerably compared to other altcoins. The token is still 27% below its Sept highs of $6.42. However, there are signs that the token will move upwards, both in the price action and in technical indicators. 
Both the MACD and RSI are moving upwards. 
The MACD, which is created by a short- and a long-term moving average (MA), is finally back in positive territory. This means that the short-term trend is faster than the long-term one. 
The RSI, which is a momentum indicator, has moved above 50 once again. This is a sign of bullish momentum and is associated with upward movements.
In addition to this, EOS is in the process of breaking out from a descending resistance line that has been in place since the aforementioned highs. If successful, it would confirm that the correction is complete.
Chart By TradingView
Will EOS break out?
The shorter-term six-hour chart shows that the main resistance area is at $5.06. This is the 0.5 Fib retracement resistance level and a horizontal resistance area. 
There is also resistance at $5.40, created by the 0.618 Fib retracement level. However, this is not a horizontal resistance area, thus it is likely to be weaker.
Similarly to the daily time-frame, the MACD and RSI both support the continuation of the upward movement.
Once EOS manages to clear them, there is no more resistance left until the Sept highs.
Wave count
Cryptocurrency trader @Altstreetbet outlined an EOS chart, stating that the token has begun a new bullish impulse and will move towards is Sept highs at $12 and beyond.
Source: Twitter
The most likely wave count does suggest that EOS has completed wave one (orange), and is now in wave three of a five wave upward movement. 
The main reason for this particular count is the fact that the increase after June 22 has five waves (highlighted in green), while the resulting decrease (highlighted in black) has only three waves. This suggests that the trend is bullish, and the downward movements are corrective. 
The sub-wave count is given in black. 
A decrease below the sub-wave two low of $3.85 would invalidate this particular count.
Chart By TradingView


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  The post EOS (EOS) Finally Begins to Move as Majors See Big Gains appeared first on BeInCrypto.


EOS (EOS) has finally begun to show some bullish signs and could initiate an upward movement that takes it above its Sept highs.
The post EOS (EOS) Finally Begins to Move as Majors See Big Gains appeared first on BeInCrypto.


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