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New Information from DecentWorld Suggests Token Listing on Major Exchange

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New Information from DecentWorld Suggests Token Listing on Major Exchange

We may soon see another metaverse token listed on a major world exchange. If you’ve been following GameFi updates lately, you might have already noticed a few new, strong players in the highly competitive space. Fresh information from DecentWorld, a Swiss metaverse platform, suggests that upcoming few weeks will be major for this digital real estate platform as the project shared the news of a possible DWRLD token listing. On Wednesday, June 22th, a source familiar with the matter told DailyCoin that the project expects its first listing to go live on one of the top Crypto Exchanges within the next few weeks.

Though the source did not reveal exactly which crypto exchange the token would be listed on, it was confirmed that it will be one of the major names according to CoinMarketCap’s list.

The DWRLD token powers DecentWorld’s internal economy and is used to purchase virtual real estate, pay fees, and to make yield payments within the ecosystem of the metaverse.

Such a listing is widely considered a massive achievement for any token, let alone a metaverse project, and usually only comes after years of development. Considering that DecentWorld was launched less than 4 months ago, this is a considerable milestone.

A Play-to-Earn Virtual Real Estate Metaverse

DecentWorld, a metaverse platform owned by Swiss Asset Management AG, was launched in March 2022, and a token listing represents the next serious step for the project.

The metaverse, based on the real world, provides a virtual real estate platform topped off with play-to-earn mechanics. The project digitized almost every street in the world, providing users with the ability to purchase them as NFTs, as well as to combine those Streets into Collections.

Completed NFT Collections allow users to access the staking option, enabling them to receive yield that will be paid out after a chosen period of time. The platform will soon be launching its secondary market, which will facilitate the flexible staking and trading of NFTs.

The company behind DecentWorld is part of the Swiss financial product ecosystem. In recent years, Switzerland, often referred to as the next Silicon Valley for crypto and blockchain, has nurtured numerous innovation-driven projects, following its long-lived tradition of quality.

Huge Developments Ahead

The DecentWorld metaverse drew the crypto community’s attention after it sold 2,000 virtual Streets, worth a cumulative $19 million, within just 1.5 months of the platform’s launch. Currently, the total number of Streets purchased amounts to 4,400 NFTs—almost double what it was two months ago.

According to the project’s roadmap, the team is working on plans to open its first 3D environment – Downtown Dubai. It will offer features such as multiplayer, interactive messaging channels. Later on the project is planning to launch the sale of 3D Building NFTs. As far as it is currently known, the team will seek to start onboarding e-commerce partners later this year.

Metaverses like DecentWorld, The Sandbox, and Decentraland have been gaining immense attention lately, with the size of the global metaverse market being projected to grow from the $61.8 billion seen in 2022, to $426.9 billion by 2027.

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Cryptocurrency

Dogecoin price could rally 20% in July with this bullish reversal pattern

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Dogecoin price could rally 20% in July with this bullish reversal pattern

Dogecoin (DOGE) looks ready to extend its rebound move despite the current crypto bear market.

DOGE’s price appears to have been painting a bump-and-run-reversal (BARR) bottom since May 11, a technical pattern that points to extended trend reversals in a bear market. It consists of three successful phases: Lead-In, Bump and Run.

DOGE/USD daily price chart featuring ‘BARR bottom’ pattern. Source: TradingView
DOGE/USD weekly price chart featuring 50-week EMA. Source: TradingView
DOGE/USD four-hour price chart featuring ‘rising wedge’ setup. Source: TradingView

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3 charts showing this Bitcoin price drop is unlike summer 2021

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3 charts showing this Bitcoin price drop is unlike summer 2021

Bitcoin (BTC) bear markets come in many shapes and sizes, but this one has given many reason to panic.

BTC has been described as facing “a bear of historic proportions” in 2022, but just one year ago, a similar feeling of doom swept crypto markets as Bitcoin saw a 50% drawdown in weeks.

Bitcoin estimated hash rate chart (screenshot). Source: MiningPoolStats
Bitcoin active addresses chart. Source: CryptoQuant
Bitcoin exchange reserves chart. Source: CryptoQuant

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FTM Begins to Retest Previous Highs As Correction May Be Over

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FTM Begins to Retest Previous Highs As Correction May Be Over

  • Fantom (FTM) seems to be retesting previous highs.
  • FTM is currently down 1.97% and is trading at $0.2845.
  • FTM could look to target $0.3501 should the mini upwards move continue for FTM.

Fantom (FTM) seems to be “retesting previous highs”, according to Michael van de Poppe. This comes as there has been a mini relief rally in the crypto market.

This does not necessarily mean that FTM has established its bottom yet, so traders should still tread with caution.

Fantom / TetherUS 2h (Source: Binance).

At the moment, FTM is one of the top 100 cryptos on CoinMarketCap’s list of most valuable cryptocurrencies in terms of market cap. FTM occupies the 59th position and this places FTM behind The Graph (GRT) in the 58th position and in front of Quant (QNT) in the 60th position.

FTM is currently down 1.97% and is trading at $0.2845 after reaching a high of $0.2947 over the last day. This price translates to about 0.00001361 BTC and 0.0002356 ETH. Things look a bit better for FTM over the larger time frames as the crypto saw a 7.89% increase in price over the last seven days.

FTM now has a market cap that stands at $722,730,787 and when looking at FTM’s 24-hour trading volume, the crypto stands at $166,580,326. This number is down 12.82% over the last day.

Fantom / TetherUS 1W (Source: CoinMarketCap)

When looking at the weekly chart for FTM/USDT, the last two weeks have closed with the FTM price higher than it was at the beginning of the week. It now looks like the current week will also end on a positive note. FTM can now look to target $0.3501 should the mini upwards move continue for FTM. This is a key level because it is also the last price that FTM fell from on the weekly chart.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

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