The crypto crash of 2022 has completely flattened the market. Approximately 70% of the cryptocurrency market capitalization was erased. Metamortals news…
Bitcoin (BTC), which started the cryptocurrency movement in 2009, has suffered substantial losses too. Although Bitcoin suffered a decline in January 2022, the second crypto crash of May 2022 was much worse. Its value went from a high of 40,000 dollars to 21,000 dollars, at the time of writing.
Since Bitcoin is the pioneer and market leader in the cryptocurrency industry, experts are keeping a close eye on it. Its recovery can signal a shift in the markets. What effect has the crypto crash had on other cryptocurrencies? To know more, we’ll look at a well-known cryptocurrency and an unknown one.
Waves (WAVES) ranks at number 65 with a fully diluted market capitalization of 673 million dollars, which has fallen by 3.14% over the last 24 hours. One WAVES token is for 6.16 dollars, which has also diminished by 3.12% since yesterday. Surprisingly, the volume of WAVES tokens traded in 24 hours stands at 287.5 million, a stunning increase of 25% on a day-to-day basis.
WAVES is a multi-purpose blockchain that facilitates several use cases like dApps and smart contracts. It was released in 2016 and became one of the first cryptocurrencies to have an initial coin offering (ICO). WAVES was designed to improve existing user-friendliness, utility, and speed.
Since its launch, WAVES was meant to serve potential business clients who were seeking improvements in blockchain platforms. Since it supported dApps and smart contracts, the speed and convenience on offer attracted plenty of investors.
Spin-offs of WAVES include Gravity, a cross-chain and oracle network, and Neutrino, a decentralized finance (DeFi) protocol. In 2020, Waves (WAVES) became interoperable with Ethereum through its token, which was ERC-20 approved.
Metamortals (MORT) is a promising blockchain DeFi gaming platform that is due for release soon. Instead of providing users with NFTs (Non-Fungible Tokens), MORT is focused on creating a space where users can enjoy P2E (Play-to-Earn) games. They can have fun without having to worry about expensive prerequisites.
The makers of Metamortals have configured a cutting-edge cryptocurrency that enables users to earn and save while being thoroughly entertained. The DeFi game will be fantasy and adventure-based.
Users can play as virtual characters, explore fantastical worlds, and bask in the glory of intense gameplay. This is a far cry from other cryptocurrency-based games. Rewards are distributed through MORT tokens when users perform tasks in the game like exploration or the provision of liquidity or staking.
The MORT token is meant to be secure, seamless, and have negligible costs. Users can avail MORT without being concerned about the transaction fees. In addition, token holders will be entertained while they earn through Liquidity Farming Pools and staking initiatives.
Furthermore, Metamortals (MORT) will have a player versus environment mode and a player versus player option. In the former, the idea is to compete against the environment in various activities and earn tokens in the process. Users can choose different environments and make changes if they want. The opposition is powered by artificial intelligence.
In the player versus player mode, users can explore the fantasy world with their family, friends, and colleagues. If they play against each other, they can make teams and compete. A customizable multiplayer option is also available. Token holders can generate a code that will grant them access. They can send this code to anyone who wants to join their team.
The aforementioned statistics of Waves (WAVES) are encouraging. Although the market cap and token value have gone down slightly, the volume of trading shows that users can be optimistic about cryptocurrency.
This is a good sign for Metamortals (MORT). It is a unique platform that provides users with a fascinating, fantasy gaming world that can be lots of fun. Although the crypto crash has dominated the news, there is no reason why MORT cannot be a success.