Bitcoin, Dogecoin & Shiba Inu collapse, The Sandbox Games & Gala Games with sharp rise

Bitcoin(BTC)

Bitcoin is down 2.60% in the last 24 hours. The current CoinMarketCap ranking is #1, with a live market cap of $1,071,204,291,737 USD. It has a circulating supply of 18,882,062 BTC coins and a max. supply of 21,000,000 BTC coins.Bitcoin’s total supply is limited by its software and will never exceed 21,000,000 coins. New coins are created during the process known as “mining”: as transactions are relayed across the network, they get picked up by miners and packaged into blocks, which are in turn protected by complex cryptographic calculations.The current valuation of Bitcoin is constantly moving, all day every day. It is a truly global asset. From a start of under one cent per coin, BTC has risen in price by thousands of percent to the numbers you see above. The prices of all cryptocurrencies are quite volatile, meaning that anyone’s understanding of how much Bitcoin is will change by the minute. However, there are times when different countries and exchanges show different prices and understanding how much Bitcoin is will be a function of a person’s location.

Dogecoin or Deadcoin(DOGE)

Dogecoin is down 7.30% in the last 24 hours. The current CoinMarketCap ranking is #10, with a live market cap of $28,403,573,041 USD. It has a circulating supply of 132,249,672,335 DOGE coins and the max. supply is not available.Dogecoin differs from Bitcoin’s proof-of-work protocol in several ways, one of which is by using Scrypt technology. The altcoin has also a block time of 1 minute, and the total supply is uncapped, which means that there is no limit to the number of Dogecoin that can be mined. You can mine Dogecoin either solo, or by joining a mining pool. A Doge miner can mine the digital currency on Windows, Mac or Linux, and with a GPU. As of 2014, you can also mine Litecoin in the same process of mining Dogecoin, as the processes were merged.Dogecoin has been used primarily as a tipping system on Reddit and Twitter to reward the creation or sharing of quality content. You can get tipped Dogecoin by participating in a community that uses the digital currency, or you can get your Dogecoin from a Dogecoin faucet. A Dogecoin faucet is a website that will give you a small amount of Dogecoin for free as an introduction to the currency, so that you can begin interacting in Dogecoin communities.

Shiba Inu Coin(SHIB)

SHIBA INU is down 12.25% in the last 24 hours. The current CoinMarketCap ranking is #13, with a live market cap of $20,654,634,247 USD. It has a circulating supply of 549,055,952,729,359 SHIB coins and the max. supply is not available.

Shiba Inu coin was created by Vitaly Buterin and his Ethereum team in August 2020 under the pseudonym “Ryoshi.” The meme coin quickly gained speed and value as a community of investors was drawn in by the cute charm of the coin paired with headlines and Tweets from personalities like Elon Musk and Vitalik Buterin.The WoofPaper notes that you will use SHIB to DIG for BONES or ShibaSwap, or even BURY your tokens. “Trainers” can teach their Shibas to SWAP tokens as well — all of these actions create “Returns” that are put into the Puppy Pools, where the #SHIBARMY has the option of BURYING or DIGGING for BONES.

The Sandbox Games(SAND)

The Sandbox is up 41.34% in the last 24 hours. The current CoinMarketCap ranking is #34, with a live market cap of $6,661,033,228 USD. It has a circulating supply of 892,246,119 SAND coins and a max. supply of 3,000,000,000 SAND coins. According to the official whitepaper, the Sandbox platform’s main mission is to introduce blockchain technology in mainstream gaming successfully. The platform focuses on facilitating a creative “play-to-earn” model, which allows users to be both creators and gamers simultaneously. The Sandbox employs the powers of blockchain technology by introducing the SAND utility token, which facilitates transactions on the platform. Sebastien Borget is also a co-founder at Pixowl and serves as the COO of the company. He graduated with a degree in computer systems networking and telecommunications from Institut national des Télécommunications in 2007. His professional career began as a project lead for 1-Click Media, and since then, Arthur Madrid and Sebastien Borget have been an entrepreneurial duo. They founded Pixowl in 2011 and have been continually working on projects together.

Gala Games(GALA)

Gala is up 21.50% in the last 24 hours. The current CoinMarketCap ranking is #57, with a live market cap of $3,165,418,516 USD. It has a circulating supply of 6,977,205,436 GALA coins and the max. supply is not available.Gala Games aims to take the gaming industry in a different direction by giving players back control over their games. Gala Games mission is to make “blockchain games you’ll actually want to play.” The project wants to change the fact that players can spend hundreds of dollars on in-game assets, and countless hours spent playing the game, which could be taken away from them with the click of a button. It plans to reintroduce creative thinking into games by giving players control of the games and in-game assets with the help of blockchain technology.

Players can own non-fungible tokens (NFTs) and influence the governance of games within the Gala Games ecosystem. The Founder’s Nodes voting mechanism allows players to influence what games Gala should develop and what games should get funding. Besides buying NFTs for specific games, Gala Games also utilizes GALA – its own utility token. So far, Gala Games has released one playable game – Town Star and an NFT collectible series – VOX. It plans to release more games in the future, such as a fantasy RPG game, a sci-fi strategy game and a tower defense game.

Since launching in 2019, Gala Games has grown to 1.3 million monthly active users, and 26,000 NFTs have been sold, with the most expensive piece valued at $3 million.

Leave a Reply

Your email address will not be published.