Matic, Celer and Fleta Price Analysis: Blockchain gaming is here
Blockchain platforms focused on the development of use cases for the mass gaming sector in all its facets, are experiencing significant…
Blockchain platforms focused on the development of use cases for the mass gaming sector in all its facets, are experiencing significant growth in the last quarter, despite the low market prices dominated by Bitcoin.
The above is a strong example that blockchain technology is here to stay and that it is more than just a movement of coins in the market. It is the true use case that can catapult many of the options that we currently find and in the immediate future within the ecosystem.
With an industry that grows by billions annually, the combination of the two technologies could be a massive adoption phenomenon that could mean a great opportunity for both users and investors to obtain great benefits in the medium term.
Let’s take a technical look at three platforms that promise to be protagonists in this field.
Matic Network (MATIC):
Martic Network is a layer 2 solution for Ethereum that aims to provide significant scalability improvements for decentralized applications by using a modified version of Plasma with side chains based on Proof of Stake.
At the time of writing, the Matic token is trading at a spot price of $ 0.027427, with a positive change of + 13.97% in the last 24 hours and a market capitalization of about $ 68.93 million dollars that keep it in the 66th position of the general ranking of classification.
The price of Matic during the month of November has been excellent, with a profit of + 124% since the token broke the strong support at the Fb levels at 23.6% located in the line of $ 0.01270.
Now the token during the month has generated an ascending rally that projects its next target at Fb levels to 61.8% in the area of $ 0.0296.
The price in the worst-case scenario could see a pullback that makes it descend towards the intermediate zone of $ 0.0191, coinciding with the projected cut midpoint and support point of Matic’s last rally.
Booming Adoption:
Matic Network has shown during the month of November important progress on its road map and interesting announcements that have helped to better adoption and of course, greater demand for its token.
Recently they have generated an important campaign in the field of decentralized finance, «De-Fi» with Monolith to expand the use case in emerging economies for the protection of inflation and current cryptocurrency expenses with their token through VISA debit cards for the European community.
https://twitter.com/maticnetwork/status/1197807236598259713
Its use is also extended to the field of gaming with Blockchain technology, by announcing its latest game called “Battle Racers“, an arcade racing game from Altitude Games for the Decentraland platform.
The sale of the season 1 of the game starts next Monday, December 2 until Friday 20 of the same month, with the sale of boxes containing exclusive pieces for the first season of the game, with a value that ranges between 0.03 ETH and 0.7 ETH, according to the selected design.
It should be noted that the game launched is one of the most publicized events in the season for gaming with blockchain technology, which includes key sponsors such as VISA, Binance and the Japanese giant RPG Multiplayer My Crypto Heroes.
Celer Network (CELR):
Celer Network is a coherent new technology and economic architecture that brings the Internet scale to existing and future blockchains through out-of-chain scaling techniques. It offers the ability to scale billions of TPS outside the chain without trust, insurance and private.
Its current price is about $ 0.005147 with a profit of + 4.24% in the last 24 hours, which has led it to accumulate its market capitalization by about $ 18.05M to remain in box 172 of the general cryptocurrency ranking.
Although its ROI based on its starting price is not among the top five of Binance IEO, its price has grown in the last seven days a negligible 29.71%, after generating a promising ascending channel from the support of $ 0.0033 to Current levels If the price continues its upward trajectory, perfectly CELR could break the final Fb levels at 38.2%
located at $ 0.00554, which could expand its current trajectory.
The worst scenario for the token would be to generate a setback towards the support levels established in the area of $ 0.00415, however there are no indicators yet that point to the short-term possibility of this behavior.
AppStore and GooglePlay:
In the long term, Celer Network’s vision is to combine all pieces of Layer 2 scale technology in a coherent solution.
Its CelerX product is the first layer 2 application platform on iOS and Android, backed by its blockchain that allows CelePay to play various games based on user skills.
https://twitter.com/CelerNetwork/status/1195335141586960386
Their figures are not negligible, according to the official website of the company they have managed to penetrate more than 11,000 players from 88 different countries, with more than $ 1.4 million in prizes awarded.
They sponsored the Global Game Oasis Hackathon with more than $ 10,000 in prizes both remotely and in the host city of the event, San Francisco.
Fleta (FLETA):
FLETA uses an independent multi-chain structure, with the existence of a sub-chain apart from the main-chain, resolving the main-chain overload issue and reducing excessive fees both for developers and users.
Its price has currently been at normal sales pressure, after having experienced a growth in the last fifteen days of up to + 27.89%, motivated by the announcement of two almost simultaneous enlistments in Bittrex and Coinone Exchange.
https://twitter.com/CoinoneOfficial/status/1199123790506020864
At the time of writing, the token trades at a spot price of $ 0.008555 with a contraction of -9.78%, and a market capitalization of about $ 2.56M, which keeps it in box 516 of the general ranking.
The price has fallen since he managed to break his resistance at 61.8% ($ 0.01265) upwards on November 26, which he failed to maintain and since then has generated a lower scale to the current position near his strong support at base levels of Fb.
If the token manages to stay above during the next hours of the disruptive wedge of its current trend, then we could see a new recovery to levels close to 23.6% ($ 0.0095), which is currently its resistance to breakage.
We have already seen the current process of FLETA both in the token and other similar ones that are in the market, which is an ideal entry time to have good medium-term performance numbers, including double digits that could be compared to the previous performance of achieved.
The technical indicators for the token focused on the dApps and the Blockchain as a «BaaS» Service, are neutral for the FLETAUSD pair in the medium term.
SAR Parabolic becomes still bullish with its points well marked below the candlestick chart
Aroon is sending both signals to the bottom, although faster its bearish signal, which can be a sign that the bears lose control at any time over the token
RSI indicates that the buying pressure has dropped due to the withdrawal of profits of some investors who made excellent numbers in the last fifteen days, but without even entering the oversold zone
Fundamental Analysis:
Although the FLETA team has not yet released its first dApp gaming, its steps towards this sector have been glimpsed from the first moment they decided to test the testnet capabilities through a game called “Fleta Simulation City”, which He achieved important numbers at that time.
The company has also incorporated an experienced independent player known in the gaming world to its development team for important contributions made to the industry in Southeast Asia.
https://twitter.com/fletachain/status/1149249129157021696
Currently, in the interviews delivered at the Delta Summit 2019 in Malta, his Chief of Markentig, James Song, was emphatic in indicating that between Q4 2019 and Q1 2020, FLETA would be delivering a series of dApps focused on gambling and RPG, as well as his inclination towards the typical card games in the style of Gods Unchained.
The versatility of its technology and the highly scalable «14,000 TPS» of its mainnet, add a plus for any type of game that you want to develop without thinking about the typical problems of congestion, rates and centralization.
https://twitter.com/fletachain/status/1193713610574270465
Therefore, we place this platform in the eye of the hurricane for what they promise to be in the not too distant future.
Note: Please note that this is not financial advice and all the information provided is only for educational purpose and should be treated the same. Please consult your financial adviser before investing in any assets/coins.