Blockchain Gaming

Analyzing Solana's Market Trends and Future Prospects

Wednesday. February 5 at 2:00 PM

1 min. read

Solana's native token, SOL, experienced a significant 22% rebound after testing the $180 support level on Feb. 3, reaching $215. Despite this recovery, SOL remains 27% below its all-time high. The SOL futures market indicates a drop in trader sentiment, with the annualized premium falling below the neutral threshold. Historical data shows that futures market sentiment may not always accurately predict market direction. To assess SOL's potential retest of $260, investors should analyze network metrics and growth drivers. While memecoin frenzy is debated, other revenue streams like gaming and social networks could drive bullish momentum. Solana's DApps have seen growth in active addresses and total value locked, positioning it as the second-largest blockchain by TVL. Despite challenges like transaction failures, Solana's adoption and revenue generation show promise for future price appreciation.

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Analyzing Solana's Market Trends and Future Prospects

Wednesday. February 5 at 2:00 PM

Blockchain Gaming

Revolutionizing Gaming Fundraising with Kickstarter

Wednesday. February 5 at 5:00 AM

What Is This Sorcery, a trading card game developed on Ethereum networks Skale and Abstract, has initiated a Kickstarter campaign to raise funds for physical card production. The campaign, aiming for a minimum of $20,000, has already raised over $6,700. Co-founder Nick Grossi highlighted Kickstarter's role in expanding the game's reach beyond Web3 to mainstream gamers. This partnership marks the first Web3 game collaboration with Kickstarter, emphasizing a shift towards sustainable fundraising models in crypto gaming. The game's unique approach involves selling physical cards with NFC chips for enhanced gameplay integration. By offering exclusive cards and items to backers, the Kickstarter campaign aims to bridge the gap between traditional and Web3 gaming markets. Grossi emphasized the importance of showcasing a tangible product to build a loyal community and drive mass adoption of Web3 projects.

Blockchain Gaming

Enhancing Bitcoin Network Scalability Through Inscriptions

Wednesday. February 5 at 1:00 AM

A report by Mempool Research suggests that widespread adoption of inscriptions could potentially increase Bitcoin's average block size to 4 MB per block, significantly higher than the current 1.5 MB average. Inscriptions allow for efficient encoding of data within blocks, enhancing scalability. In comparison, Solana can store up to 128 MB per block. Following the 2021 Taproot upgrade, Bitcoin blocks have reached 2.4 MB, with a potential for 4 MB. The report projects various growth scenarios, estimating the blockchain to reach 1 TB by late 2026. Bitcoin's ecosystem has evolved post-upgrade, supporting complex activities like token creation and NFT minting. However, competition arises from networks offering larger block sizes. Celestia aims to scale block size to 1 GB. The future of Bitcoin-native DeFi looks promising as institutional adoption rises and the ecosystem matures.

Blockchain Gaming

Helium Mobile Launches Free 5G Wireless Plan

Tuesday. February 4 at 9:00 PM

Helium Mobile has introduced the nation's first free phone plan on a 5G network. The network, operated by individuals, aims to give back to users in unique ways. The 'Zero Plan' offers 3GB of data, 300 texts, and 100 minutes of calls monthly at no cost. Interested users can join a waitlist for the service due to high demand. The plan is built on the Helium 5G network, powered by user-operated nodes rewarding users with crypto tokens. Users can earn tokens by sharing network coverage data and participating in activities for rewards like gift cards. Additional paid plans include the Air Plan for $15/month with 10GB data and unlimited talk/text, and the Infinity Plan for $30/month with unlimited data, texts, and calls. Helium Mobile aims to create an accessible and rewarding wireless service community, emphasizing empowerment over corporate interests. Users can bring their own devices to connect to the network, but must purchase outright or on credit.

Blockchain Gaming