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Star Atlas wants to revolutionize P2E gaming – Should you buy

Play to earn or P2E is seen as one of the most promising sectors in crypto. After all, some projects have seen massive success in this area, including the popular Axie Infinity. But one game that is trying to take over the P2E space is Star Atlas. The metaverse game has seen major milestones over the past few months. Here are some of them:

  • Massive community growth with over 350,000 followers on Twitter

  • The game is built on Solana, offering better speeds and scalability

  • It has hundreds of thousands of active players each day

Data Source: TradingView 

Star Atlas – Should you buy it?

Before we get to the economics of Start Atlas, it is important to note that the metaverse offers a dual token economy. The governance token is called the POLIS. Now, as an investor, you would normally purchase the governance token since it gives you a lot of leverage over the game. 

So, the more the game grows, the more valuable the POLIS token becomes. This token has a fully diluted market cap of around $138 million. This is still modest and offers quite some potential for more expansion. 

The second coin is the in-game utility token called ATLAS. This one would be ideal for people who want to actually play the game. The market cap for ATLAS is around $219 million.

Why buy Star Atlas?

The potential growth that Star Atlas offers is quite incredible. In fact, just recently, JP Morgan has come out with a report that predicts the metaverse would be worth $13 trillion by 2030. Start Atlas is one of the projects leading this revolution, and it could help you unlock a huge chunk of that industry.

The game dynamics and in-game economy of the Star Atlas metaverse are very sustainable. This ensures the game can run on its own without further injections of capital.

The post Star Atlas wants to revolutionize P2E gaming – Should you buy appeared first on CoinJournal.

ETH Price Analysis: Ethereum Recovers 8% in 4 Days, Here’s The Next Bullish Target

After the worst monthly candle since the Covid crash, the buyers were able to push ETH up by 8% in the last four days. Technical Analysis By Grizzly The Daily Chart On the daily timeframe, it can be seen that short-term upward trends have occurred when the price crosses the MA20 and breaks the last::Listen

After the worst monthly candle since the Covid crash, the buyers were able to push ETH up by 8% in the last four days.

Technical Analysis

By Grizzly

The Daily Chart

On the daily timeframe, it can be seen that short-term upward trends have occurred when the price crosses the MA20 and breaks the last high (in blue). In the recent leg down, this moving average has acted as a resistance and prevented the price from increasing further. Currently, the MA20 lies at $1,122, and the last high is at $1,300 (in yellow). If buyers can break these levels towards the upside, then one can expect a price increase in the short term.

1
Source: TradingView

Key Support Levels: $1000 & $900
Key Resistance Levels: $1300 & $1500

Moving Averages:
MA20: $1122
MA50: $1535
MA100: $2231
MA200: $2646

The ETH/BTC Chart

Against BTC, the descending line (in yellow) has acted both as resistance and then as a support level. This  line has prevented the price from falling further over the last couple of weeks. Moreover, another critical resistance level at 0.06 BTC (in red) is highlighted here, which the buyers failed to break in the first attempt. If they can break through this barrier, then one can expect the horizontal resistance to be tested at 0.065 BTC. If the bulls are successful in this area and can push the price above 0.065 BTC, then the trend reversal would be confirmed.

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Source: TradingView

On-chain Analysis

Supply Held By Top Addresses

Definition: This metric shows the combined balance of the top addresses overall. During the sharp drop in May and June, these addresses have reduced their supply and were probably on the selling side. This caused the price to reach lower levels. Their balance decreased from 29 million to 28 million during that period. Now, they are starting to accumulate again. The important item to monitor is whether this accumulation will be continuous or not.

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Source: TradingView

Star Atlas wants to revolutionize P2E gaming – Should you buy

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