Today’s Agenda:
- Market Watch
- Highlights of the Day
- Immutable x OKX Exchange
- Guild of Guardians Announces its Global Release
- $Portal Staking is Live
- Project of the Day
- Crypto Corner
- Market Predictions & Sentiment
- Business and Political Insights
Market Watch
Top Gainers
- Maker ($MKR): +11.1%
- Kaspa ($KAS) : +9.7%
- Lido DAO ($LDO): +8.8%
Top Losers
- dogwifhat ($WIF): -12.9%
- FLOKI ($FLOKI): -10.5%
- THORChain ($RUNE): -9.7%
Trending Crypto Sectors/Categories
- Base Meme Coins
- Reddit Points
- Real World Assets (RWA)
Total Crypto Market Cap – 2.628 Trillion
Fear and Greed Index – 75
Top NFT Sale
- LayerAI Assistants #102 Sold for 80 ETH
Highlights of the Day
Immutable x OKX Exchange
In a strategic move that marks a significant step towards the convergence of blockchain technology and gaming, Immutable and OKX Exchange have forged a formidable partnership. Immutable, a stalwart in blockchain, is expanding its gaming offerings, while OKX, a leader in crypto exchange, ventures into the Web3 gaming sector through this collaboration.
Partnership Details
Central to the collaboration is a commitment to innovation and accessibility. Leveraging OKX’s suite of services, including its exchange, wallet, and NFT marketplace, games on the Immutable chain will gain unprecedented exposure and utility. Moreover, the integration of OKX Wallet with Immutable Passport, a login solution for games within Immutable’s ecosystem, streamlines player engagement in Web3 gaming. This synergy not only enhances gaming experiences but also facilitates a seamless transition for players from traditional to blockchain-based gaming, signaling a new era of gaming evolution.
Guild of Guardians Announces its Global Release
Immutable Games has unveiled the upcoming worldwide launch of their highly anticipated mobile RPG, Guild of Guardians, slated for May 15th. The game will be available on both Apple’s iOS App Store and Google’s Android Play Store. With over a million players already pre-registered, the gaming community’s excitement is palpable.
Gameplay Dynamics
Guild of Guardians offers a free-to-play experience, immersing players in thrilling fantasy adventures across diverse dungeons. These journeys culminate in epic battles against formidable bosses to acquire valuable loot. Players must strategically assemble teams of heroes to navigate through intricate dungeons filled with monsters, bosses, and traps. Loot gathered ranges from resources and in-game currency ($GOG) to equipment, crucial for crafting, enhancing hero capabilities, and recruiting higher-tier heroes.
$Portal Staking is Live
Portal serves as a comprehensive cross-chain gaming platform, strategically designed to unite the Web3 gaming economy through LayerZero’s messaging protocol. With a diverse array of over 200 Web3 games spanning multiple chain networks, it offers a seamless gaming experience. Fuelled by the native $PORTAL token, users can engage in in-game transactions, stake tokens, cover fees, and bolster the Proof of Stake consensus mechanism within the Portal ecosystem.
Portal Launchpad and Staking
Staking enables you to unlock benefits associated with your $PORTAL holdings. By depositing $PORTAL tokens into the Portal Staking contract, you earn XP points over time. This XP serves as the gateway to accessing exciting new projects via the Portal Launchpad. Your XP balance determines your reward level, granting better access as your level increases.
Project of the Day
Maker
Maker ($MKR) functions as the governing token for MakerDAO and Maker Protocol, which are a decentralized entity and a software platform, respectively. These operate on the Ethereum blockchain and empower users to create and oversee the DAI stablecoin.
In terms of price movement, $MKR currently boasts a market cap exceeding 3.1 billion dollars, with a price of over $3300. If market momentum and investor sentiment remain favorable, $MKR could maintain its upward trend. Moreover, with forthcoming upgrades and advancements in the Maker ecosystem, $MKR might surpass its current all-time high (ATH) of $6,339.
Crazy Day in Crypto
- Coinbase’s Layer-2 solution, Base, faces rising fees due to increased bot trading, but experiences a surge in DEX volumes post Dencun upgrade, indicating growing popularity.
- OKX exchange is ceasing operations in India due to regulatory issues, prompting users to withdraw funds by April and highlighting the uncertainty surrounding the country’s crypto industry.
- A $4.6 million Ethereum theft occurred through a bug exploit in Super Sushi Samurai, a newly launched gaming token on the Blast L2 network, causing a 99% token value drop.
- Coinbase plans to offer US-regulated futures trading for Dogecoin, Litecoin and Bitcoin Cash by April 1, reflecting Coinbase’s commitment to market innovation.
Market Predictions & Sentiment
- Bernstein raises Bitcoin year-end target to $90K, expecting a smaller 7% hashrate drop post-halving, signaling bullish miner outlook and institutional adoption.
- Today, Grayscale’s Bitcoin Trust (GBTC) experienced significant outflows totaling $359 million, reflecting a notable shift in investor sentiment and indicating dynamic activity in the cryptocurrency market.
Business Talks & Political Insights
- Reddit ($RDDT) made a strong debut with an IPO priced at $34 per share, raising $748 million and valuing the platform at $8.87 billion.
- The Department of Justice files an antitrust lawsuit against Apple, alleging its iPhone ecosystem constitutes a monopoly, threatening to disrupt the company’s core business model.
