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SpaceCatch – The GameFi Project That Takes the Industry by Storm is Ready to Expand Its Community

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If there is one thing that history has taught us over time in the crypto industry, it is that (most of the time) the size of the community is directly proportional to the success of a crypto project.

It serves as the backbone of the project’s market presence, credibility, and network effect. A large and engaged community attracts attention and instills trust and confidence in potential investors and users.

Beyond mere numbers, a thriving community provides valuable feedback, support, and collaboration opportunities for the project team. Members offer insights, suggestions, and critiques that help improve the project and address any issues that arise. Additionally, they serve as advocates, spreading awareness and promoting the project through various channels.

Furthermore, a community-driven approach can encourage a sense of ownership and alignment with the project’s goals and values. When members feel invested in the project’s success, they are more likely to contribute positively and actively participate in its development and growth.

SpaceCatch understood all of these, and that’s why, in the following period, this fantastic GameFi project will expand its community by officially launching its game in public beta mode. Let’s find out more!

SpaceCatch’s Public Beta Launch Approaching!

Get ready to join in an exciting new gaming experience as SpaceCatch prepares to launch its highly anticipated public beta on April 22, 2024.

Developed as a GameFi project, SpaceCatch exemplifies the perfect blend of technology, engaging features, and an enthralling storyline, promising to delight audiences worldwide.

After generating considerable anticipation, SpaceCatch is ecstatic to announce the unveiling of its public beta, lauded as the potential “Pokémon GO Killer.”

Previously available only through closed beta access, this milestone marks a significant leap forward as the general public gains access to the game for the first time.

As one of the most prominent GameFi projects in the Web3 industry (at least in 2024), SpaceCatch is aiming to revolutionize the gaming industry with its innovative approach. Developed in collaboration with the esteemed gaming studio Pixelfield, SpaceCatch has been meticulously crafted since 2022, showcasing the team’s dedication and expertise.

The $CATCH token associated with SpaceCatch has already experienced remarkable success, soaring to over x50 its presale price, highlighting the team’s commitment to excellence.

But SpaceCatch is more than just a game – it’s a venture that integrates augmented reality (AR) and Web3 technology to deliver an unparalleled gaming experience. With the public beta launch on the horizon, now is your chance to be among the first to explore the immersive world of SpaceCatch.

The public beta will be accessible to both iOS and Android users but act quickly – only 20,000 beta tester slots are available.

SpaceCatch – The GameFi Revolution

SpaceCatch combines Augmented Reality (AR), Play-to-Earn (P2E), and Move-to-Earn (M2E) features to create an electrifying gaming experience like no other.

At the heart of SpaceCatch lies an exciting storyline, where players embark on an epic journey to protect their planet from an alien invasion. Throughout the game, players have the opportunity to earn real-world assets, which can be used to acquire in-game items, enhance characters, or trade with other players. This immersive gameplay experience sets SpaceCatch apart from other GameFi projects on the market.

Moreover, what truly sets SpaceCatch apart is its $CATCH token. This ERC-20 token on ARB features a unique deflationary mechanism and a total supply of 100,000,000 $CATCH. A significant portion of the tokens were allocated to presales phases, with the remainder reserved for a five-year staking strategy with annual halvings. This tokenomics model ensures that investors receive substantial rewards as the token supply decreases over time.

As the backbone of the SpaceCatch game, the $CATCH token powers in-game transactions and offers exclusive benefits to its holders.

Join the SpaceCatch Community

Don’t miss your chance to be part of the SpaceCatch community! Mark your calendars for April 22, 2024, and prepare for an adventure of a lifetime. With limited seats available for the public beta, now is the time to secure your spot and become a part of gaming history.

Learn More

For those eager to learn more about SpaceCatch, head to the official website for details and potential rewards.

Follow SpaceCatch on social media platforms like X (Twitter), Discord, Telegram, Instagram, YouTube, Medium, and CoinMarketCap to stay in the loop.

Disclaimer: The above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.

Readers are also advised to read CryptoPotato’s full disclaimer.

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Cryptocurrency

Ethereum Foundation, Whales, and Hackers: What’s Driving the ETH Sell-Off?

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TL;DR

  • Whales, hackers, and the Ethereum Foundation wallets moved over $500M in ETH through large sales and withdrawals.
  • Ethereum transfers rose to 4.6M ETH, nearing the monthly high of 5.2M recorded in July.
  • Staking inflows hit 247,900 ETH, the highest in a month, locking more supply from trading.

Large Withdrawals and Whale Activity

Ethereum (ETH) has seen heavy movement from major wallets over the past few days. On-chain data from Lookonchain shows a newly created wallet pulled 17,591 ETH, worth $81.62 million, from Kraken in just two hours. 

Over three days, two new wallets withdrew a combined 71,025 ETH, valued at $330 million, from the exchange.

One of these wallets, address 0x2A92, has withdrawn 53,434 ETH, worth $242.34 million, in two days. This includes a recent purchase of 30,069 ETH, valued at $138.46 million, during a market drop.

Major ETH Holders Offload Millions Amid Price Rally

In contrast, several separate entities have been disposing of some ETH holdings. A wallet tied to a hacker address 0x17E0 sold 4,958 ETH for $22.13 million at $4,463, securing a profit of $9.75 million. Earlier this year, the same address sold 12,282 ETH at $1,932 and later bought back part of the amount at higher prices.

A different whale sold 20,600 ETH for $96.55 million over the past two days, generating a profit of more than $26 million after holding the position for nine months. 

Meanwhile, an Ethereum Foundation-linked wallet, 0xF39d, sold 6,194 ETH worth $28.36 million in the last three days at an average price of $4,578. 

Recent sales from the same wallet included an additional 1,100 ETH and 1,695 ETH for over $12.7 million combined.

Network Activity on the Rise

CryptoQuant data shows Ethereum’s total tokens transferred have been climbing since August 9. After ranging between 1 million and 3 million ETH through late July and early August, transfers have risen to 4.6 million ETH, approaching the monthly high of 5.2 million recorded in mid-July. This increase has occurred alongside a price rally from about $3,400 to $4,600.

Ethereum (ETH) Tokens Transferred (Total)
Source: CryptoQuant

Interestingly, staking inflows generally stayed between 20,000 and 80,000 ETH per day over the past month. On August 14, inflows jumped to 247,900 ETH, the highest in the period. 

At the time, ETH was trading near $4,600. Large staking deposits reduce the amount of ETH available for immediate trading, as staked coins are locked for a set period.

Ethereum (ETH) Staking Inflow Total
Source: CryptoQuant

In the meantime, ETH trades at $4,647 with a 24-hour volume of $68.25 billion, down 2% on the day but up 19% over the week.

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Cryptocurrency

Massive DOGE Whale Activity Hints at $1 Breakout

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TL;DR

  • Whales bought two billion DOGE this week, lifting their combined holdings to 27.6 billion coins.
  • A single 900M DOGE transfer worth $208M to Binance drew attention to large exchange movements.
  • DOGE broke key resistance, with momentum building for a possible push toward the $1 price mark.

Price and Market Moves

Dogecoin (DOGE) traded at $0.23 at press time, slipping 4% over the past day but still showing a 2% gain for the week. Daily turnover came in at about $6.18 billion. 

Meanwhile, the broader crypto market saw over $1 billion in liquidations. Hotter-than-expected US Producer Price Index data pushed traders to scale back expectations of a near-term Federal Reserve rate cut. DOGE had roughly 290,500 coins liquidated during the sell-off.

On the two-week chart, analyst Trader Tardigrade notes that DOGE has cleared a downward-sloping resistance line after completing what appears to be a “wave V” in an Elliott Wave sequence. Similar setups in the past, where prolonged declines stayed within falling channels before breaking higher, have been followed by sharp rallies.

Momentum gauges are also turning up. The Stochastic RSI, which had dropped into oversold territory, is now heading higher. Previous reversals from this zone have coincided with sustained upward moves. The current formation points to a possible run that could carry DOGE past the $1 mark.

Heavy Whale Buying and Large Transfers

As reported by CryptoPotato, blockchain data shows large investors have added two billion DOGE in the past week, spending just under $500 million. That brings their holdings to about 27.6 billion coins, or 18% of the supply. The buying streak has prompted speculation within the community. 

Recently, Whale Alert flagged a 900 million DOGE transfer worth about $208 million into Binance. The tracking indicates that it originated from a wallet connected to the exchange, likely as an internal activity. The address involved holds 2.88 billion DOGE, one of the largest balances on the network.

Ali Martinez also reports that transactions above $1 million reached a one-month high, with activity building since early August and peaking as DOGE traded at $0.25.

Sentiment Building

Analyst Gordon described the current setup as “a nice bit of consolidation” before a potential breakout, adding, 

“This will be one of the first coins normies FLOCK to & the pump will be MASSIVE.”

With whale accumulation rising, high-value transfers increasing, and a bullish technical pattern in play, DOGE is positioned for a potential push toward $1 if momentum holds.

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Ripple Price Analysis: XRP at Risk as Key Support Levels Could Trigger Sharp Drop

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XRP has recently entered a consolidation phase after a strong rally earlier this summer, with the price action now hovering around key resistance levels on both its USDT and BTC pairs. Yet, while momentum has slowed, the charts still indicate a generally bullish structure, with multiple key support levels remaining firmly in place.

Technical Analysis

By ShayanMarkets

The USDT Pair

On the XRP/USDT daily chart, the price is currently trading near the $3.10 mark, facing a strong resistance zone around $3.40. This follows a breakout above the $2.70 range in July, which has now flipped into a support area.

Both the 100-day and 200-day moving averages are also trending upward and recently formed a bullish crossover around $2.45, reinforcing the medium-term bullish sentiment. If the $3.40 resistance breaks, a push toward the critical $4.00 range becomes likely.

However, the RSI hovering near the neutral 50 level suggests a lack of strong momentum for now, meaning a short-term pullback into the $2.80 support zone is still possible.

This zone will be key for maintaining the bullish structure. Losing it could open the door for a deeper correction toward the 200-day moving average located around the $2.40 mark. Yet, as long as the price stays above the moving averages, the broader trend remains bullish.

The BTC Pair

Looking at the XRP/BTC chart, the pair has recently pulled back after hitting the 3,000 SAT resistance, with the price currently around 2,600 SAT.

This follows a clean breakout above the long-term descending channel and a successful retest of its upper boundary, which coincided with the 200-day moving average and the 2,400 SAT support zone. This confluence remains a key bullish technical factor, as holding above it could attract renewed buying pressure.

That said, RSI levels around 48 show that momentum has cooled after the sharp July rally, meaning XRP may continue ranging between 2,400 SAT and 3,000 SAT in the near term. A decisive close above 3,000 SAT would likely open the path to the 3,400 SAT zone, while losing 2,400 SAT could shift the bias back toward 2,000 SAT support. For now, the structure still favors the bulls as long as higher lows remain intact.

 

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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

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