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Here’s What Sets eBoost (EBST) Apart From Its Competitors

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eBoost (EBST) has been on an incredible run over the last few weeks. Back during mid-December, the EBST token was trading for in and around $0.16 apiece. Right now, the same tokens go for $2.45 each – a more than 1400% run across the period.

Many of the tokens that have logged these sorts of gains, and especially over the last month or so, have done so on the back of wider positive market sentiment as opposed to fundamentally justifiable appreciation. As such, when we see the market correct (as is happening at the moment for some of the more well-known and established coins), there is a good chance that they will give back a large portion of their recent gains relatively quickly.

For us, eBoost is a little different.

This one has registered gains, sure, but at the same time it has also managed to make some key advances towards commercial success and we think that these advances are more than enough to support any recent appreciation (give or take a correction or two) if and when the wider market dips.

What makes us say this?

First up, let’s quickly introduce the coin and the company behind it.

EBST is a token that’s representative of eBoost, which designed the coin as a gaming software token that can be used for player-to-player gaming on sites that accept it as payment. The idea is relatively simple. The online sports market is worth more than $1 billion right now and analysts expect this to grow to more than $5 billion by 2025. The way this market works is people play games while a vastly larger number of people watch the players and interact with one another while gameplay is taking place.

EBST Daily Chart

EBST Daily Chart

The idea, then, is that EBST can serve as a token with which the people watching gamers can wager on the outcome of the games in question. It’s a frictionless token meaning there are essentially zero transaction fees and exchange is instantaneous, making it ideal for this sort of wager-based activity and set up is as simple as the major gaming platforms (Twitch, etc.) integrating their services with the eBoost blockchain.

There are a couple of coins that are attempting to fill this gap right now but EBST looks to be the most promising and has taken a number of key steps towards beating out its competition over the last few months.

Specifically, the coin is now listed on Bittrex, one of the top two major cryptocurrency exchanges, and has developed a strong community following which, in turn, has lobbied gaming platforms for integration.

There are also rumors that a number of other major exchange listings will be announced near term, given that Bittrex volume is very large and – to a degree – overflowing. Volume over the last 24 hours came in at a little more than $26.5 million worth of EBST trading hands. When you consider that this one has a market capitalization of $29.3 million, that’s a close to 90% turnover rate in an incredibly short period of time.

This in and of itself illustrates the strength of sentiment surrounding this token right now.

So why do we think it’s going to continue appreciating?

There is an airdrop just around the corner that will come on the back of a hard fork of the EBST chain and current EBST holders will receive the new token in their wallets. In anticipation of this, we expect holders to ramp up their exposure and, at the same time, new participants to pick up some EBST so as to gain a fresh exposure to the fork.

Beyond that, it’s all about platform integration announcements and exchange listings as far as near to medium term catalysts are concerned.

We will be updating our subscribers as soon as we know more. For the latest on EBST, sign up below!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.


Image courtesy of eBoost.

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Bitcoin Price Dumps Below $41,000 Amid Uncertainty

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Bitcoin price dumped hard on Monday, briefly slipping below $41,000, erasing gains recorded in the previous week. The premier cryptocurrency seems to have exhausted its recent rally propelled by industry vulnerabilities. At the time of writing, the world’s largest cryptocurrency was trading slightly lower at $41,385. Bitcoin’s total market cap has dipped by 2% over the past day, while the total volume of BTC tokens traded over the same period climbed by 58%.

Fundamentals

Bitcoin price has been facing retracements and a rollercoaster over the past few days after recently rocketing to a 20-month peak. On-chain data has suggested that many investors used the opportunity to take some profits, leading to a decline in the asset’s price.

Bitcoin’s price slump is mirrored in the wider crypto market, with the global crypto market cap decreasing by 1.85% over the past 24 hours to $1.55 trillion. The total crypto market volume has increased by 32% over the same period. The Crypto Fear and Greed Index has plunged from a level of extreme greed to a greed level of 70, suggesting a decline in risk appetite.

Ethereum, the largest altcoin by market capitalization, is currently trading at $2,167, down almost 3% for the day. Meme coins have been hit hard by the market slump, with Dogecoin and Shiba Inu down by more than 4% over the last day.

Last week on Thursday, cryptocurrency experts took notice of…

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Bitcoin Price is in Consolidation Mode Despite Market Optimism Post-Fed Decision

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Bitcoin price edged lower on Thursday despite optimism in wider markets on the back of the Fed’s interest rate decision. The flagship cryptocurrency has been consolidating above the critical level of $42,000 after briefly topping $44,000, its highest level in 20 months. Bitcoin was trading 0.71% lower at $42,569 at press time. BTC’s total market cap has increased by more than 3% over the last day to $832 billion, while the total volume of the asset traded over the same period jumped by 22%.

Economic Outlook

Bitcoin price has been trading sideways over the past few days, suggesting a pause in its recent rally towards $45,000. The premier cryptocurrency has decreased by 4% in the past week but remains 15.22% higher in the month to date. The digital asset has staged a significant recovery this year after a torrid 2022 in which a string of scandals, including the collapse of FTX, led to a market meltdown, undermining the credibility of the sector.

The crypto market has been buoyed by the Fed’s latest interest rate decision. The US Federal Reserve on Wednesday held its key interest rate unchanged for the third consecutive time, in line with market expectations. With the easing of the inflation rate, members of the Federal Open Market Committee (FOMC) voted to keep the benchmark overnight borrowing rate in a targeted range between 5.25%-5.5%.

Additionally, the central bank indicated that three rate…

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Bitcoin Price Blasts $44K in Spectacular Surge as Spot Bitcoin ETF Approval Looms Large

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Bitcoin price has been hovering above the $43,000 psychological level over the past two days amid anticipation about the potential approval of a spot bitcoin ETF. The flagship cryptocurrency has climbed more than 16% in the past week and nearly 170% in the year to date. Bitcoin’s total market cap has increased by nearly 5% over the past 24 hours to $858.9 billion, while the total volume of the token traded rose by 43%. The Bitcoin price was trading at $43,914 at press time.

Fundamentals

Bitcoin price has posted significant gains over the past few days, climbing to its highest level since April 2022, before the crash of a stablecoin that started a litany of company failures, pummeling crypto prices. The world’s largest cryptocurrency briefly topped the crucial level of $44,000 on Wednesday amid rising momentum despite being massively overbought.

According to analysts, with no spot bitcoin ETF approvals yet and the halving event five to six months away, the market is riding on FOMO. Capital has been flowing in the Bitcoin market amid enthusiasm that the launches of spot ETF will bring in billions of dollars of new investment into the crypto sector.

Investors have already started providing capital as seed money for ETF products. Notably, a recent report by CoinDesk showed that the world’s largest fund manager, BlackRock, received $100,000 in capital from a seed investor for its spot bitcoin exchange-traded fund…

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