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Gamifying Price Prediction Trading with NFTs

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The Crypto Prophecies game launch is set for May 2021 and it is currently offering an initial bonus reward to new players for trying out the game and helping to grow the community.

NFTs have crossed into the mainstream this year, most notably in the art and sports worlds. The digital artist Beeple saw his NFT piece “EVERYDAYS: THE FIRST 5000 DAYS” sold for a staggering $69 million at the historical auction house Christie’s. Further success came in the form of NBA Top Shots, leveraging the market of sports enthusiasts via a blockchain-based platform for fans to buy, sell and trade unique officially licensed NBA video highlights as NFTs. By far the most successful digital collectibles so far, NBA Top Shots has already generated over $500 million in sales, part of an overall NFT market now valued in excess of $20 billion.

While NFTs are also starting to permeate industries like real estate, retail, music, and events, perhaps the most exciting developments are within blockchain gaming and decentralized finance. The NFT-based price prediction game, The Crypto Prophecies is looking to capitalize on both, combining the benefits of a rapidly growing interest in NFT collectibles and a form of gamified peer-to-peer trading in one of the most exciting frontiers of the crypto space.

The Crypto Prophecies Game Design

The Crypto Prophecies is a decentralized peer-to-peer price prediction game that uses NFT characters known as Crypto Prophets. Designed to make price prediction fun, players go head-to-head to battle it out over 10-second candles, predicting how each chart candle will close in a real-time points-based game, putting their crypto prophecies to the test against the clock in the quest for profit. The winner of each battle wins the combined wager minus a 3% platform fee to cover deflationary TCP token burns, a daily prize draw pool, and ongoing development.

To play the game, users need to own an authentic Crypto Prophet character NFT, sold directly to players in-game or via trusted NFT marketplaces and exchanges like OpenSea. The first generation of characters includes Satoshians, Etherians, Ripptilians, and Tezmanians, with future generations of character sets to follow. As each Crypto Prophet is a non-fungible token on the Ethereum blockchain, players hold full ownership of the character and may choose to trade or sell their NFTs, particularly if the rarity level is high, combining the gamified trading experience with a form of decentralized finance.

Each highly collectible Crypto Prophet NFT comes with unique tiered abilities that can be customized by connecting magical item NFTs, including staffs, capes, wands, and pets to increase the prophets’ skills and gain the edge in a battle to make more profit.

TCP Token Utility

In contrast to the Crypto Prophet characters, the TCP native token is fungible on the Ethereum ERC20 standard, powering ecosystem utility.

The TCP token will be used for wagers in peer-to-peer battles, purchasing NFT characters and magical items, daily draw prizes, access to special events and tournaments, and ecosystem governance and voting rights to decide on the evolution of the platform.

Built on Polygon

The Crypto Prophecies dApp is built on Polygon’s Layer 2 solution for the Ethereum blockchain, formerly known as Matic. Polygon provides the immense scalability, high throughput, and low cost required to make a blockchain-based game viable, ensuring a quality gaming experience while retaining a connection to the largest NFT and decentralized finance network.

Integration with Chainlink’s oracles for real-time price feeds, OpenSea’s peer-to-peer NFT marketplace, and MetaMask wallet connectivity enhance its decentralized ecosystem further.

The Journey Ahead

The Crypto Prophecies game launch is set for May 2021 and it is currently offering an initial bonus reward to new players for trying out the game and helping to grow the community.

In preparation for launch, an IDO token sale and NFT Generation 1 presale will take place shortly, providing players with the assets they need to take part in the game, learn potentially profitable trading patterns, earn rewards, and collect rare NFTs.

Once launched, the daily prize pool, next-generation NFTs, team battles, tournaments, staking, and ecosystem governance will follow, with the platform set to introduce a new wave of users to the blockchain space, providing a fun and engaging way to invest and trade in crypto and NFTs.

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Julia Sakovich

Having obtained a diploma in Intercultural Communication, Julia continued her studies taking a Master’s degree in Economics and Management. Becoming captured by innovative technologies, Julia turned passionate about exploring emerging techs believing in their ability to transform all spheres of our life.



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Ethereum price closes in on $4K as Shiba Inu (SHIB) steals Dogecoin’s thunder

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The crypto market has rallied into the weekend as Ether (ETH), Dogecoin (DOGE) and Shibu Inu (SHIB) hit new all-time highs as they lead the pack of altcoins up the market cap mountain. 

Much of the excitement behind Dogecoin’s rally has been attributed to the upcoming appearance of Elon Musk, the CEO of Tesla and a Dogecoin advocate, on the popular Saturday Night Live comedy sketch show. Ether, on the other hand, continues to rally toward $4,000 as institutional interest in the altcoin soars and the approaching London hard fork have investors feeling extra bullish.

Data from Cointelegraph Markets and TradingView shows that after briefly dipping to a low of $3,418 in the late hours on May 8, Ether price regained its composure and proceeded to vault 13% to reach a new all-time high at $3,958. 

ETH/USDT 4-hour chart. Source: TradingView

While some have been surprised by the bullish movement from the second-largest cryptocurrency by market capitalization, it comes as no shock to Cointelegraph market analyst Marcel Pechman who recently detailed how Ether “could easily sustain until $5,000.”

Bitcoin (BTC) has used its time out of the spotlight to quietly climb higher with bulls now attempting to hold the price above $59,000.

Canine-themed ‘meme coins’ lead the pack

Dogecoin has emerged as one of the biggest mainstream attention grabbers in cryptocurrency history as scores of new users got their first taste of crypto trading from the popular meme token.

The week-long build-up in momentum for DOGE led to a 25% surge in the early trading hours on Saturday that lifted its value to a new all-time high at $0.74 before profit-taking dropped the price back below $0.68.

DOGE/USDT 4-hour chart. Source: TradingView

Thanks to the global attention that Dogecoin has attracted, a number of canine-themed projects have arisen, including Shiba In (SHIB), which burst onto the scene following a two-day rally that saw its value launch 1,100% higher to establish a new record high at $0.0000178.

The overall cryptocurrency market cap now stands at $2.463 trillion and Bitcoin’s dominance rate is 44.8%.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.