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Biggest Crypto Gaming Tokens Launched in 2024: So Far

TokenTalk Staff

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Biggest Crypto Gaming Tokens Launched in 2024: So Far

Huge tokens have been dropping left and right so far in 2024, and gaming projects are getting exciting. Gaming and networking tokens have been among the biggest launches this year as the broader cryptocurrency market recovers and airdrops to accelerate.

From Portal TO Pixels, these are the gaming tokens making waves so far this year, ranked by highest market capitalization to date according to CoinGecko, at the time of writing. But there are sure to be more great tokens on the way, as our roundup of game launches suggests, so stay tuned – we’ll continue to update this list.

We are using a maximum market cap of at least $100 million as the minimum benchmark for this list, as of this update, although we may move that mark later in the year as more and more tokens launch.

1. Pixels (PIXELS)

Maximum price: $1.02
Maximum market cap: $731 million

Crypto’s hottest game right now is also responsible for the hottest gaming token of 2024, at least so far. The PIXEL token was launched in late February for the chill farming game Ethereum scaler Roninand helped introduce even more crypto-native elements to web gaming. He also generated more than $1 billion in trade in less than a single day.

With hundreds of thousands of daily users, Pixels it caught the attention of the cryptocurrency world and helped build some serious momentum around Ronin as well. PIXEL surpassed the $1 price in mid-March, occupying the first position on the list. The peak market cap listed above is based on the number of tokens in circulation at that time, although there are more been unlocked since then.

2. Saga (SAGA)

Top price: $7.60
Maximum market cap: $684 million

While not exclusively a game chain, layer-1 Saga Network has focused most of its initial push on games, including running play-to-airdrop campaigns and revealing plans for a internal game publishing division called Saga Origins. According to Saga, about 80% of testnet projects were focused on gaming.

And the SAGA token made a big splash, first with a Record-breaking Binance Launchpool campaign which saw customers stake over $13.4 billion worth of funds to earn SAGA rewards, and then with a peak price that pushed the token to second place on our list at this point in the year. And there are more airdrop rewards coming soon.

3. Portal (PORTAL)

Maximum price: $3.36
Maximum market cap: $561.6 million

Just launched on February 29, Portal it came with a level of hype we haven’t seen this in the crypto gaming industry in a while. In part, this was due to an airdrop farming initiative that saw users flood Twitter with tweets, and a then-record Binance campaign (later beaten by Saga) that saw users bet over $9 billion in cryptocurrencies in the hope to obtain rewards. .

However, the price dropped quite quickly and has not come close to regaining that ground as of this latest update. It can this EthereumDoes the token based for the next cross-chain gaming platform regain the hype?

4. Xai (XAI)

Maximum price: $1.59
Maximum market cap: $440.6 million

The Xai layer-3 gaming network on the Ethereum scaler Referee had the first major airdrop this year, rewarding owners and operators of the network’s Guardian Nodes and some NFT holders. It’s been a good start for XAI so far, reaching a peak price that’s more than double what it dropped to.

The games are starting to spread onlinewhich should attract even more attention and enthusiasm towards the token, furthermore Xai also recently launched staking rewards.

5. Heroes of Mavia (MAVIA)

Maximum price: $10.59
Maximum market cap: $317.7 million

Heroes of Mavia is one of the biggest new crypto game launches this year. The Clash of Clans clone has attracted millions of downloads on iOS and Android, and Skrice Studios celebrated the release airdrop tokens to 100,000 first-time playersalong with tokens for virtual land owners who had previously staked theirs NFTs.

MAVIA saw a sharp price increase after launching in February, surpassing $10 – a more than 5x improvement over its opening price. But it was short-lived, losing around 40% of its value By. The game hasn’t rolled out its crypto features yet, but it has shared a sizable roadmap.

6. Gaimin (GMRX)

Maximum price: $0.03937
Maximum market cap: $261.2 million

Gaimin is designed to power crypto games via a decentralized cloud computing platform, allowing users to contribute their spare computing resources to earn rewards. And the platform’s GMRX token was just launched in late March.

Although the price of the single token is low and has not yet reached $0.04 as of this writing, there is considerable supply circulating, pushing the maximum market capitalization to a whopping $261 million. However, the price is down almost 50% as of this writing, so we’ll see if Gaimin can get back close to that level soon.

7.Apeiron (APRS)

Maximum price: $1.88
Maximum market cap: $193.6 million

Apeiron is a lively Ronin strategy game currently available hold a play-to-airdrop campaignand recently launched its APRS ecosystem token in the network’s first token sale.

The token’s market capitalization approached $200 million on its launch date, although as with Gaimin above, the price has fallen slightly since then. However, it rose high enough to make this list and the game hasn’t fully launched yet.

8. My Pet Thug (KARRAT)

Maximum price: $1.08
Maximum market cap: $116.9 million

KARRAT is a new Ethereum token administered by and linked to the Karrat Foundation My pet hooligan, the Battle Royale shooter with NFT. Released on April 22, KARRAT was served to My Pet Hooligan NFT owners, who are able to request a token assignment.

At its peak price, KARRAT rose to a market capitalization of nearly $117 million based on the initial circulating supply, although the token’s price has since declined as of this writing.

Editor’s note: This story was originally published on March 3, 2024, and last updated with new information on April 23.

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We are the editorial team of TokenTalk, where seriousness meets clarity in cryptocurrency analysis. With a robust team of finance and blockchain technology experts, we are dedicated to meticulously exploring complex crypto markets with detailed assessments and an unbiased approach. Our mission is to democratize access to knowledge of emerging financial technologies, ensuring they are understandable and accessible to all. In every article on TokenTalk, we strive to provide content that not only educates, but also empowers our readers, facilitating their integration into the financial digital age.

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Binance Burns $971 Million in BNB! Cryptocurrency Explodes!

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Binance Burns $971 Million in BNB! Cryptocurrency Explodes!

Monday, July 22, 2024 ▪ 3 minute read ▪ by Eddy S.

Binance recently completed its 28th quarterly BNB token burn. This event saw the destruction of 1,643,698.8 BNB tokens, valued at approximately $971 million at the time of the burn. This strategic initiative is part of the cryptocurrency exchange’s ongoing efforts to reduce the total supply of BNB! This increases its scarcity and potentially its value.

Cryptocurrency Burns BNB Binance

Binance: BNB Skyrockets After Recent Crypto Burn!

The concept of crypto burning involves permanently removing a certain number of tokens from circulation. This is done by sending tokens to a burn address, a special wallet from which they can never be retrieved. By reducing the overall supply of BNB, Binance aims to create a deflationary effect, which can drive up the price of the remaining tokens. This practice is a key element of Binance’s long-term strategy to increase the value of BNB and reward its holders.

The recent burn has had a significant impact on the cryptocurrency market. Following the announcement, BNB price increased by 0.5% to $596 and trading volume jumped by 22%. This increase in price and trading activity indicates growing investor confidence in BNB and Binance’s overall strategy. Investors often view token burns as a positive sign, as they demonstrate the company’s commitment to maintaining the value of its native token.

A show of strength for Binance!

The success of these burns highlights Binance’s solid financial health and ability to generate significant profits. The funds used for the burns come from Binance’s profits, underscoring the crypto platform’s strong revenue streams and operational efficiency.

Binance’s latest BNB token burn not only reduced the total supply of BNB, but also boosted investor confidence and cryptocurrency market activity. As Binance continues to run its quarterly burns, the long-term outlook for BNB remains positive! This, with a potential price appreciation and increased investor interest.

Maximize your Cointribune experience with our Read to Earn program! Earn points for every article you read and access exclusive rewards. Sign up now and start earning rewards.

Click here to join “Read to Earn” and turn your passion for cryptocurrencies into rewards!

Eddy S.'s avatarEddy S.'s avatar

Eddy S.

The world is evolving and adapting is the best weapon to survive in this wavy universe. Originally a cryptocurrency community manager, I am interested in everything that is directly or indirectly related to blockchain and its derivatives. To share my experience and promote a field that I am passionate about, there is nothing better than writing informative and relaxed articles.

DISCLAIMER

The views, thoughts and opinions expressed in this article are solely those of the author and should not be construed as investment advice. Do your own research before making any investment decisions.



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5 Million PUSH Circulating Supply Stolen in WazirX Hack, Token Drops 48%

TokenTalk Staff

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5 million of circulating PUSH supply stolen in WazirX hack, token falls 48%

The entire reserve of PUSH tokens held on WazirX was stolen following the recent security breachresulting in the theft of over $230 million in digital assets. The hack, which occurred on July 18, 2024, sent shockwaves through the crypto community and led to a significant drop in the value of the affected tokens.

For Push Protocol, the developer of the PUSH token, the exploitersold 100% of the PUSH token holdings belonging to WazirX users. This massive sell-off contributed to a 48% drop in the value of the PUSH token. The stolen PUSH tokens were traced to an Ethereum address identified by Push Protocol. At press time, PUSH has recovered as much as 23% to $0.099, resulting in a net decline of 34% since yesterday.

Harsh, the founder of Push Protocol, provided exclusive comment to CryptoSlate, stating, “We are currently communicating with the WazirX team to see what the action plan may be,” indicating that efforts are underway to address the situation and potentially mitigate the impact on affected users.

WazirX took immediate action in response to the hack, temporarily suspending all deposits and withdrawals to prevent further losses. The exchange also launched a reward program offering up to $23 million for information leading to the recovery of stolen funds.

ZachXBT has suggested that the cyberattack could be linked to North Korean perpetrators, based on similarities in the types of services used and transactional behaviors observed in previous attacks attributed to North Korean hackers.

Push Protocol has a circulating supply of 60 million tokens. Harsh commented,

“100% of the user reserves on the exploited exchange (Wazirx) have been sold. The remaining 55 million remain with the community and other exchanges, users, investors, etc.”

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Utility Tokens on the Rise: Why Investors Are Abandoning Doge, Shib, and Bonk for Rollblock!

TokenTalk Staff

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Utility Tokens on the Rise: Why Investors Are Abandoning Doge, Shib, and Bonk for Rollblock!

Memecoins are known to be the most unpredictable yet potentially profitable assets. Early investors in Dogecoin (DOGE), Shiba Inu (SHIB) and Bonk (BONK) have been able to enjoy huge net returns.

While some of these still have potential to recover in the next bull cycle, investors are also looking at new, brighter gems. One utility token that has successfully captured investors’ attention is Rolling block (RLBK). It has innovative technology, a unique platform to play and earn, and the potential to make huge profits by the end of 2024.

The Future Looks Uncertain for Dogecoin (DOGE)

Dogecoin (DOGE) has made an impressive comeback amid the long-awaited cryptocurrency market resurgence. It recently surpassed 90 million wallet addresses, reflecting a huge growth in Dogecoin’s user base. Analysts are even seeing the possibility of a super cycle for Dogecoin where it could enter the $1 to $1.50 range.

However, this forecast is very ambitious. Realistically, Dogecoin has only been in the green zone for the past 30 days. Although the memecoin has made a small dip, it seems to be in choppy waters. With an intraday gain of over 3.7%, the future looks very bright for Dogecoin, with some analysts predicting that Dogecoin could rise further in Q3.

Shiba Inu (SHIB) needs huge bullish momentum to keep pace with the market

Over the past 30 days, Shiba Inu (SHIB) has seen a small decline of 0.77%. Things have been tough for Shiba Inu lately, especially after the news of hackers stealing 5.4 trillion Shiba Inu tokens. According to Coinmarketcap, Shiba Inu is currently worth $0.00001783, down 81% from its all-time high.

Shiba Inu can recover now if buyers regain control. Market sentiment has changed positively and trading volume has remained strong. If Shiba Inu manages not to fall further, then the local trend could remain bullish. Unfortunately, analysts suggest that this bullish trend is a short-lived event.

Can Bonk (BONK) Rebound to the Top During This Rally?

Bonk is one of the best performing meme coins ever created. Investors reaped millions of dollars in profits when Bonk’s value soared as much as 7581% in a year. However, things haven’t been the same for Bonk since then.

According to Coinmarketcap, Bonk is currently trading at $0.00003076. This has increased by over 31% in seven days, leading investors to wonder if Bonk is making a comeback. However, with some analysts predicting a sharp decline in the coming weeks, investors should be cautious before committing their money to such a risky asset.

Rollblock (RBLK) Quickly Becomes the Next Big Token

With such uncertain market conditions for memecoins, investors are now shifting their attention to newer alternatives. One such token that is getting all the hype is Rolling block (RBLK). This GambleFi play-to-earn coin offers the best of both worlds to investors: they can safely trade cryptocurrencies while gambling and placing bets!

This highly profitable project introduces a DeFi casino with over 150 game modes. Using blockchain technology, the platform makes it impossible to change bets, giving investors complete peace of mind.

Players earn $RBLK as a reward for playing. Token holders will be granted a share of the platform’s profits, with Rollblock allocating up to 30% of its revenue to a buyback mechanism.

In Phase 4 of its presale alone, Rollblock has already raised as much as $1.2 million, reflecting the huge demand for the token. Compared to other tokens with uncertain growth trajectories, Rollblock is trading at a highly competitive price of $0.017. Before the presale ends, analysts predict that this value will increase by 800%, with a huge rally on the day of release!

Discover the exciting Rollblock (RBLK) pre-sale opportunities now!

Website: https://rollblockpresale.io/

Social: https://linktr.ee/rollblockcasino

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Definition, how it works with cryptocurrency trading

TokenTalk Staff

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Definition, how it works with cryptocurrency trading

What is an atomic swap?

An atomic swap is an exchange of cryptocurrencies from separate blockchains. The idea is to remove centralized intermediaries like exchanges and reduce the steps required to exchange tokens, but many exchanges and companies have created swap solutions to simplify the process.

The term atomic comes from the term “atomic state” where a state has no substates. This refers to a cryptocurrency transaction between two people using different blockchains that either happens or it doesn’t happen, there is no choice.

Most atomic swaps enabled wallets and blockchains use smart contracts. Smart contracts are programs within blockchains that execute when certain conditions are met. In this case, the conditions are that each party accepts the transaction before a timer expires. Using a smart contract in commerce prevents either party from stealing cryptocurrency from the other.

Atomic exchanges are also called Crossed chain atomic exchanges.

Key points

  • An atomic swap is a cryptocurrency exchange between two parties who wish to exchange tokens from different blockchains.
  • Atomic swaps are useful if you only have one cryptocurrency but need to use another in a transaction.
  • To make an atomic swap, special wallets or exchange services are needed, because the technique is still being developed and perfected.

Understanding Atomic Swaps

Each cryptocurrency is backed by a blockchain, which is designed only to accept transactions in specific tokens. For example, the Bitcoin and Ethereum blockchains each have a native token that cannot be transferred to the other. You must first convert them into fiat currency and then purchase the other using other cryptocurrencies and exchanges to get what you want. Depending on the cryptocurrency, this can take several transactions. Atomic swaps allow you to exchange tokens from different blockchains in one transaction.

Some decentralized exchanges can do atomic swaps for you. A decentralized exchange (DEX) has no central authority regulating it; it is a platform where you can trade without a third party. You can also choose from cross-chain swap providers, where you transfer your digital assets into another wallet, do the swap, and transfer them back out.

Atomic exchanges rely on each party providing proof via key cryptography and acceptance by both parties via the encrypted key.

History of Atomic Exchanges

The concept was conceived shortly after the materialization of altcoins, cryptocurrencies other than Bitcoin. The creation of altcoins caused some cryptocurrency holders to become interested in moving capital between coins. This type of token swap first appeared in September 2017, when an atomic swap was conducted between Decred and Litecoin.

Since then, startups and decentralized exchanges have created ways to facilitate swaps and have given users the same ability. For example, Lightning Labs, a startup that created the Lightning Network for Bitcoin transactions, has conducted off-chain swaps using the technology.

Special cryptocurrency wallets have also been developed that can perform cross-chain atomic swaps: Liquality has developed a wallet that allows you to trade Bitcoin, ETH and more, connecting to swap providers such as 1inch, Jupiter and Sovryn.

Atomic exchange process

In an atomic swap, two token holders agree to exchange their tokens. A smart contract is programmed to lock both token holders’ tokens and redeem them for the desired tokens. For example, if Alice wanted to exchange one bitcoin (BTC) for an equal amount of Bob’s monero (XMR), the smart contract would lock both amounts on their respective blockchains. Once Alice and Bob agree to the exchange, the smart contract would redeem Bob’s BTC on the Bitcoin network and Alice’s XMR on the Monero network.

Atomic exchanges use Hash Timelock Contracts (HTLC) to automate the exchange of tokens. As the name suggests, HTLC is a time-limited smart contract between parties that involves generating a cryptographic hash on each end.

A cryptographic hash function is an algorithm that converts variable-length data, such as a person’s wallet address and transaction information. It converts them into a hexadecimal number with a fixed length. In general, the number that is generated is called a hash.

HTLC requires both parties to acknowledge receipt of funds within a specified time frame. If one party fails to confirm the transaction within the time frame, the entire transaction is canceled and the funds are not transferred. This eliminates Counterparty riskor the risk that one party will accept the offered coins and refuse the transfer of their own coins.

How to do an atomic swap

Atomic Swaps sound complicated, but for most users they can be very simple. Atomic Swap enabled wallets or decentralized exchanges like Atomic Swap or Uniswap allow you to choose between your cryptocurrency to exchange for another token. The swap may be labeled “Exchange” or “Swap” in the wallet interface.

Once you have selected the appropriate action, choose the tokens you want to exchange; you will see the amount you will receive in the token you are exchanging. The interface should tell you the exchange rate and network fees, have you review the transaction, and give you a button to press to initiate the exchange.

Depending on the network, whether you are using an exchange or trading with another user, the swap may take several minutes to complete. For example, Atomic Wallet instructions state that a swap should take about 20 minutes, but other decentralized wallets or exchanges may take less or more time.

What is the atomic exchange mechanism?

Atomic swaps are typically initiated by users and executed by a smart contract. The smart contract can be programmed in many ways, but most tend to lock up the swapped tokens or burn them, then issue new tokens to the swappers.

What are the advantages of Atomic Swaps?

When two entities want to exchange tokens, they can use an atomic swap to ensure that no third parties are involved. This technique is faster and generally cheaper than going through exchanges or other token exchange service providers.

Is an atomic swap anonymous?

In most cases, the only information publicly available is token amounts and users’ public addresses. However, if other information is made available, these addresses can be traced back to their owners, so they are realistically pseudonymous.

The bottom line

The term atomic swap is used to refer to two users exchanging tokens from incompatible blockchains. Swaps are typically executed by smart contracts, which freeze or burn the original tokens and issue new ones on the corresponding blockchains.

The comments, opinions and analyses expressed on Investopedia are for informational purposes only. Read our warranty and disclaimer for more information.

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