AXS’ market cap has declined from $9.2 billion ($150 USD) down to $6.5 billion USD ($106 USD), and MANA’s increased from $5.3 Billon ($2.9 USD to $6.4 Billion US ($3.5). The overall market cap of this crypto winter saw JED experience a significant increase of 161% while AXS experienced a decrease of -29.3% to 20.8%. The Gibraltar Blockchain news blog and investment strategy guide. All you need to know about ICOs, education, reviews, mining, and more.
Gaming enthusiasts aren’t concerned about market corrections. The gaming industry is a great example of this, as individuals can now make huge amounts of money from their work and also enjoy some exciting games. NFT holders on the platform can vote on new games, and have an influence on gameplay. Town Star, which is similar to SimCity, can be used as a virtual builder of towns while other games make. Gaming has seen blockchain technology become increasingly prevalent, and gamers now enjoy the rewards.
Since hitting its low in June, it has rallied over 170 per cent to $0.87 (MATIC -0.52 per cent). While we have seen a considerable uptake, it is still early days for the EVM-compatible chain, with its best days still ahead. Jedstar ($JED), with its $22 Million market cap, has the lowest market cap, while AXS, MANA and MANA have a $6.1 Billion market cap. JED and AXS have also reached market caps of approximately $44 million, $9.2Billion, and $10.6Billion, respectively. The newest player in blockchain gaming is making waves and playing alongside the major players. The $JED token is part of the JEDSTAR DECO Decentralized Ecosystem, but soon $KRED will be introduced.
Some are earning $2,000 an hour in crypto games such as Axie Infinity, which can bring them up to $175 billion. JEDSTAR is a three token Decentralised Ecosystem , which launched their first token $JED in August 2021 and saw a price increase of 80,000% since. Many crypto projects including GameFi projects such as AxieInfinity , and Decentraland, experienced similar drops in prices and market caps to Ethereum and Bitcoin last month.
11 years later, only 4% of the global population own crypto and its use case as a method of payment is even less prevalent. With JEDSTAR being a relatively new project compared to that of Axie Infinity, investors have been capitalizing on the opportunity to be an early investor in the project’s upcoming roadmap. When compared to the heights that Axie Infinity has reached in market cap, it speaks to the amount of potential for future growth that the JEDSTAR DECO has ahead of it over the coming weeks and months. Jedstar’s strategy is to diversify into GameFi and DeFi crypto spaces, as well as the development and utility of $KRED. This will ensure that investors are protected from future crypto winters. Jedstar’s short-termed analysis of market caps has shown that it has done exceptionally well in this crypto winter, despite the fact volatility having a larger impact on tokens with lower market cap.
Many crypto projects and sectors are performing poorly in the crypto winter because their performance closely mirrors the markets patterns for Bitcoin and Ethereum. The company also has partnerships with gaming studios and developers to offer their crypto as a service. The ambitious venture will produce both in-house game and NFT-based marketplace. It will also establish strategic and nonblockchain alliances. With Axie being the market leader in the metaverse gaming sector, seeing these types of gains speaks volumes to the newer, lower cap blockchain-based gaming projects as they seek to make a name for themselves throughout the rapidly increasing adoption of play-to-earn games.
There’s where the JEDSTAR team comes in, a team revolutionising DeFi, GameFi and in fervent pursuit of mass crypto adoption, and launching their second token $KRED in November. In contrast, with the rise of mobile gaming, up to 40% of the world’s population could be considered at least casual gamers and the gaming industry has generated over 170 Billion USD revenue in 2020 . Much has been said recently about Facebook’s decision to rebrand to Meta, with both arguments for and against but what is without question is the overwhelming effect it has had on the metaverse cryptocurrency market. In the last few months, we have seen household names partnering with Polygon, leveraging their technology to get their foot into Web3. Top-tier brands such as Coca-Cola (Coca-Cola Co +0.35 per cent), Reddit and Starbucks (SBUX +6.10 per cent) launched their NFTs and, in Starbucks’s case, their NFT-based loyalty program within the network. The market capitalization of $JED increased sharply from $8.4 million USD ($0.19 USD), to $22million USD ($0.5 USD) in the past month.
Jedstar is working to expand $KRED’s utility over the long-term, something that many people don’t know. $KRED is a universal cryptocurrency that can be used across all gaming platforms. GameFi tokens, such as Decentraland or Axie, are usually market-monopolistic. This means that their tokens can only be used in their games, NFT marketplaces, and metaverses. KRED’s use case is therefore futureproofed, and will be further enhanced by its unique utility. It can be used by all entities that are involved in blockchain gaming.
Many cryptocurrency exchanges store private keys on your behalf. This certainly eases the experience by relieving you of the burden of handling private keys yourself. It also enables those exchanges to provide you with instant payments. Users who want to invest in altcoins must usually juggle between various exchanges, which can become a frustrating and costly experience, especially for beginners and non-technical users. Crypto will be addressing this problem with a “protocol stack,” which is a support for interactions between the different technologies of the cryptocurrency landscape. One of the biggest challenges that most cryptocurrency holders face today is handling of private keys.
For instance, with your Crypto wallet, you will be able to trade between different cryptocurrencies and altcoins as well as second-layer protocols such as the Bitcoin Lightning Network and Ethereum Raiden without the need to have in-depth knowledge of the underlying technologies. Over the past couple of weeks, we have seen metaverse cryptocurrencies rally and this looks set to only be the start of this sector’s growth during the rest of 2021 and into 2022. Earlier this year, Polygon raised $450 million in its latest financing round, with a market cap of about $13 billion, to aggressively expand its portfolio of Ethereum scaling solutions and work to attract traditional brands and the larger blockchain developer ecosystem. This financing round was led by Sequoia Capital India and included big names such as SoftBank, Tiger Global and Animoca Brands, amongst 20 others. Amid the bearish crypto winter and all the doom and gloom about cryptocurrencies and the future of NFTs, Polygon Technology had a scorching summer.
This will be used in their upcoming NFT marketplace AGORA, Collectible Card Game, Metaverse MMORPG game and in a highly exciting partnership with Skill Gaming for STARDOME which will see KRED used as a world’s first CAAS on Skill Gaming’s platform for over 30,000 gamers. Surprisingly though, GameFi has seen its crypto assets rise in winter. Particularly a token like Jedstar has not been affected as much by crypto winters. We will show you how Jedstar plans to protect itself from the adverse effects of crypto winters. This is in contrast to cryptocurrency behemoths like Bitcoin, Ethereum, Binance Coin and other GameFi tokens such as Axie Infinity, Decentraland, and Ethereum. Although Bitcoin and Ethereum may be very popular, experts still consider them speculative assets because they are highly exposed to market manipulations and high volume trading on large exchanges.
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One of the biggest fears for crypto investors is the occurrence of Crypto winters. These cycles are four years long, with the 2018 cycle being the first. As in Second Life, the players can https://cryptolisting.org/ create 3D items to be sold. You can use the Decentraland cryptocurrency MANA to buy digital LAND and trade 3D objects. It is now live and shows off the potential of cryptocurrency gaming.
Private keys are bits of data that give users ownership of their coins and enable them to make cryptocurrency payments. If you lose your private keys, or if someone steals it from you, you effectively lose the ownership of your coins without any recourse. Axie Infinity’s native cryptocurrency token rallied off the back of the increased metaverse “fomo” with gains of over 20% to reach a price of $150 dollars before correcting to just over $130 dollars. Axie Infinity, a blockchain-based trading and battle online digital play-to-earn game, saw its market cap reach up to $8.4 billion before correcting to just over $8 billion. Clearly, we are still in the mid of a bear market, and most cryptocurrency projects, including Polygon and JEDSTAR Gaming, are still down from their all-time highs.
However, it is not limited technologically by any future blockchain standards. They will be launching their second token $KRED and their NFT Marketplace Agora end 2021, as well 2 blockchain games, one CCG and one MMORPG and their Metaverse in 2022. JEDSTAR ($JED), the DeFi token in the gaming project’s DECO has seen over 200% growth in the last week from $0.3 to over $0.9 and is now at a great entry point for new investors with a market cap of $42 million, looking set to increase further as the development team rolls out new updates. One of these updates includes their STARSTAKING initiative for JED holders that allows investors to stake their tokens and be rewarded up to 120x returns in the new GameFi token KRED.
Both institutional investors and retailers were attracted to the Sandbox’s coin, which soared more than 800% over a single month. And it is only through decentralisation that we will be able to take back what gaming studios felt entitled to and provide true ownership and income opportunities to those who have been really fuelling the gaming industry. Singapore, Singapore–(Newsfile Corp. – November 3, 2021) – JEDSTAR is proud to announce launch of its 2nd Token “$KRED”.
Much of this growth has been the realization of the virtual world becoming more and more attractive for millions of people around the world because of the endless amount of possibilities on offer for users. JEDSTAR is proud to announce launch of its 2nd Token “$KRED”. JEDSTAR aims to revolutionise DeFi , GameFI , and NFTs (Non-Fungible Tokens), by providing true utility and potential income opportunities, paving the way for Crypto mass-adoption. After the pandemic, which leads to restrictions to people movement and gathering, the need for the mobile casino has been at an all-time high to satisfy the need of casino lovers. The best mobile casinos in India have created more user-friendly interface to improve users experiences.
JEDSTAR aims to revolutionise DeFi , GameFI , and NFTs (Non-Fungible Tokens), by providing true utility and potential income opportunities, paving the way for crypto mass-adoption. Jedstar looks like it’s going to be one of the major players in the metaverse/gaming/NFT space. A good DeFi-GameFi project with massive growth potential in the crypto world, and is managed by a professional and caring dev team. CryptiBIT – IEO, ICO Landing Page, ICO Consulting, Bitcoin, Blockchain and Cryptocurrency WordPress Theme.
$KRED, its second token, awaits its presale on 17 December 2021. Jedstar recognizes the negative effects that crypto winters have on cryptocurrency and has taken steps to prepare for its success. It adopted sector-, genre-, and utility-oriented diversification strategies as well as embarking upon a long-term mission that is utility-focused. GameFi, which is the booming cryptocurrency sector, will reach $180 Billon in 2021.
That is why JEDSTAR strongly believes believe that blockchain gaming, GameFi and in particular $KRED will be the tipping point for mass crypto adoption. In contrast, with the rise of mobile gaming, up to 40% of the world’s population could be considered at least casual gamers and we have seen the gaming industry generate over 170 Billion USD revenue in 2020 . Since launched in 2009, believers in What is VinChain a decentralised monetary system believed that crypto would eventually replace or at least co-exist with today’s existing currencies. 11 years later, only 4% of the global population own crypto and its use case as a method of payment even less prevalent. That is why JEDSTAR strongly believes that blockchain gaming, GameFi and in particular $KRED will be the tipping point for mass crypto adoption.
But the resilient and consistent delivery of these projects over the last few months shows that the crypto winter may be thawing. Jedstar also adopts game-genre diversity and currently works on several Play-to earnn and Blockchain game genres. Jedstar, on the other hand, is a multi-game and virtualand P2E giants such as AXS or MANA that revolve within their metaverses. Jedstar, however, is a multimedia and gaming studio involved in CCGs, MetaMMORPGs, and hundreds more hypercasual games. Jedstar also announced that the company plans to develop films and create a Metaverse in its MMORPGs, which will feature intricately-woven fantasy stories.
”We believe that similar to what blockchain is trying to achieve with the financial system, it is time that we empower the people that are the backbone of the industry, in this case the gamers and artists. “We believe that similar to what blockchain is trying to achieve with the financial system, it is time that we empower the people that are the backbone of the industry, in this case the gamers and artists. Since Bitcoin launched in 2009, believers in a decentralised monetary system believed that crypto would eventually replace or at least co-exist with today’s existing currencies.