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By cryptomaga · Posted
Could it be the bustling ecosystem of multi-chain games that makes Arcadia unique? Someone recently tweete “One of the most anticipated games on the $Eth network, Legend of Arcadia, is set to launch its token, $ARCA, on various CEX exchanges” so I wonder if this strategic game could increase gameFi adoption. Legend of Arcadia is not just another card game but a strategic battleground where players collect, raise, and battle with toy-like humanoid creatures, reminiscent of the heroes from classic fantasy RPGs. The game draws inspiration from titles like Hero Wars and AFK Arena, offering a real-time battle system where strategy plays a pivotal role. When we look at other leading games in the Web3 space, like Axie Infinity or Gods Unchained, Legend of Arcadia holds its own by offering a more accessible entry point with its free-to-play model while still maintaining depth through strategic gameplay and economic incentives. It's a game that doesn't just cater to hardcore blockchain gamers but invites casual players into the fold, potentially broadening the appeal of blockchain gaming but why the recent traction to the project? Is obvious to see hype, expectations and speculation toward a project as it approaches listing date. I wonder if this is responsible for the recent traction toward Legend of Arcadia but with poolx and candybomb on Bitget and some exchange that have announced listing, we should expect more exposure for this project -
By cryptomaga · Posted
Joining a crypto community has tremendous advantages as it keeps you ahead of over 75% of traders and gives your early information to capitalize upon. -
By tradinglounge · Posted
Iron Ore Elliott Wave Analysis The SGX TSI Iron Ore Index serves as a critical benchmark for stakeholders in the iron ore market, including traders, miners, and steelmakers who rely on it for contract settlements and managing price risk. The index, derived from real-time transactions in the spot market, is widely viewed as a trustworthy reflection of market dynamics. The index saw an unprecedented high of approximately $233 per dry metric ton in May 2021, driven by China's strong demand and supply disruptions. However, this peak marked the beginning of a significant correction, with the index tumbling over 68% to $73 by October 2022. A rebound followed, lifting the index to $143.5 by December 2023. Yet, in 2024, the recovery stalled, with the index dropping nearly 50% before showing signs of resurgence in September. From an Elliott wave perspective, the daily chart reveals a multi-phase correction starting from the May 2021 peak. The initial decline completed wave ((W)) of the primary degree, bottoming out at $73.6 in October 2022. Subsequently, the price traced a bullish zigzag pattern, culminating in January 2024, before resuming a corrective downtrend. This decline appears to be corrective rather than impulsive, suggesting potential for further upside in the second phase, with a higher target in wave (Y) of X (circled). The H4 chart provides a closer look at the recent recovery from September's low, which formed a 5-wave impulse structure. Currently, the index is in a 3-wave corrective pullback labeled as waves ((a)) of ((b)) of W of ((Y)). As long as the pullback concludes above the September low, the outlook remains favorable for continued upside movement. In summary, while the SGX TSI Iron Ore Index has undergone a complex correction, the wave structure supports a bullish continuation in the medium term. Traders may look for a completed pullback as a potential entry signal for wave (Y), targeting levels above the recent lows. Technical Analyst : Sanmi Adeagbo Source : Tradinglounge.com get trial here!
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