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Today, we are up more than 5%

Maybe since then, the price did not go significantly higher but the situation is still definitely bullish. Most recently, ETPdraw a head and shoulders pattern. Normally that should be negative so why we are positive? ETP broke the neckline and the mid-term up trendline but that was a false breakout! We are bullish because false breakout usually results with a movement in the opposite direction, so in this case – an upswing. Today, we are up more than 5%, which is a good start and can bring us a bullish momentum in the forthcoming days. With this kind of setup, we should see new highs relatively soon.

8 Bit Token, and launch other blockchain-integrated

8 Circuit Studios is launching a cryptocurrency token sale so that it can raise money to build a blockchain-based platform for the Metaverse , the digital universe envisioned in novels by William Gibson and Neal Stephenson and featured in movies Ready Player One, TRON, and The Matrix. The company will hold a token sale for the cryptocurrency, 8 Bit Token, and launch other blockchain-integrated products in the coming weeks. Blockchain is a decentralized ledger that can verify the uniqueness of digital items. That means that users will be able to lay claim to the items that they own and transfer them from one virtual world to another. That’s one of the requirements of the envisioned Metaverse, which is like a collection of interconnected worlds that share a common foundation for commerce.

Consensus mechanism applied in two stages

1. During the first few years of the Metaverse ETP operations, the Proof of Work consensus mechanism would be into action where mining the metaverse ETP coins would be possible through the GPU mining rigs. The metaverse ETP coins, at this stage would be incorporating the Ethash algorithm in order to secure the transactions. 2. After which the second phase of the metaverse ETP tokens would come into the picture where the delegated proof of stake model would take over the control, it is estimated by most of the cryptocurrency professionals that, this particular implementation would automatically attract a number of problems as well as vulnerabilities. According to this model, a huge amount of metaverse ETP losses or hacks can be expected, as once the community members have chosen a delegate, they no longer have any kind of participation with the Blockchain.

At its current trajectory, Metaverse

Metaverse (ETP) continues to make gains, even as the rest of the market sinks deeper into bear territory. While there are many possible reasons driving up the value of Metaverse, the most likely one is that is mostly traded in fiat. Most of the trading volumes for Metaverse (ETP) are on Bitfinex and TOPBTC. In both exchanges, most of the trading for ETP is done in fiat, mainly the USD and the Chinese Yuan. This goes to show that without ties to bitcoin (BTC), most altcoins have what it takes to make huge gains in the market. The altcoins market today is pretty much at the mercy of bitcoin (BTC). It has reached a point where it no longer matters whether a coin has strong fundamentals or not. If bitcoin (BTC) drops, then all coins, both the good and the bad follow. Metaverse(ETP) proves that in the long-run; for altcoins to thrive, they have to be traded independently of bitcoin (BTC). Metaverse today is valued at its true value, and it has gained by hundreds of percentages since June. T...

The Importance of Technology Transparency in the Blockchain Industry

Over one thousand blockchain projects have already been failed in 2018, with most of them being tagged as scams. It’s understandable why people would become sceptical about other projects within the field. But, from our analysis, Metaverse is not one of them. In the last threes weeks, Metaverse (ETP) experienced a price spike, with an impressive growth going against the bear market. Metaverse’s growth from $.69 to over $2.00 – 3 times in growth – has outperformed many projects in Asia, including the most notable blockchain projects: Neo, Qtum, and Vechain. The Importance of Technology Transparency in the Blockchain Industry “Transparency” is currently one of the major tech buzzwords going around the industry – with good reason too. Transparency allows the user to “see” and experience what is behind the scenes of the technological systems they are using. One of Metaverse’s main visions is to provide transparency for its users. Metaverse has been very active with github updates, being ...

Metaverse (ETP) experienced a price spike

Over one thousand blockchain projects have already been failed in 2018, with most of them being tagged as scams. It’s understandable why people would become sceptical about other projects within the field. But, from our analysis, Metaverse is not one of them. In the last threes weeks, Metaverse (ETP) experienced a price spike, with an impressive growth going against the bear market. Metaverse’s growth from $.69 to over $2.00 – 3 times in growth – has outperformed many projects in Asia, including the most notable blockchain projects: Neo, Qtum, and Vechain. The Importance of Technology Transparency in the Blockchain Industry “Transparency” is currently one of the major tech buzzwords going around the industry – with good reason too. Transparency allows the user to “see” and experience what is behind the scenes of the technological systems they are using. One of Metaverse’s main visions is to provide transparency for its users. Metaverse has been very active with github updates, being i...

Eric Gu at D10E Conference, Tokyo 2018

Over one thousand blockchain projects have already been failed in 2018, with most of them being tagged as scams. It’s understandable why people would become sceptical about other projects within the field. But, from our analysis, Metaverse is not one of them. In the last threes weeks, Metaverse (ETP) experienced a price spike, with an impressive growth going against the bear market. Metaverse’s growth from $.69 to over $2.00 – 3 times in growth – has outperformed many projects in Asia, including the most notable blockchain projects: Neo, Qtum, and Vechain. The Importance of Technology Transparency in the Blockchain Industry “Transparency” is currently one of the major tech buzzwords going around the industry – with good reason too. Transparency allows the user to “see” and experience what is behind the scenes of the technological systems they are using. One of Metaverse’s main visions is to provide transparency for its users. Metaverse has been very active with github updates, being ...