Bluzelle price rebounded on Wednesday as investors waited for the upcoming integration with Stargate and Gamma 4 launch. The BLZ token rose to a high of $0.100, which was the highest level since August 17. It has rallied by over 33% from its lowest level this month, giving it a market cap of over $32 million.
Bluzelle making important strides
Bluzelle is a relatively small but fast-growing blockchain project that is at the intersection of gaming, non-fungible tokens (NFT), and decentralized finance (DeFi). It was created by former employees of leading gaming companies like Nintendo, Zynga, and Electronic Arts.
Bluzelle has three key products. First, it has BluzelleNet, which is a delegated proof-of-stake platform based on the Cosmos technology. It is an extremely fast platform that can handle over 10,000 transactions per second. BluezelleNet aggregates DeFi products in the Cosmos ecosystem to offer lending, staking, and yield strategies for game assets.
Bluzelle is also building Gamma 4, which is a play-to-earn game that will be launched in the coming months. Users will be able to play and earn rewards.
Finally, it has Bluzelle R2, which is a decentralized storage platform for files and non-fungible tokens (NFT).
The BLZ price has done well as investors wait for its integration to the Stargate ecosystem. Developers moved the testnet to Stargate and are now set to move it to the mainnet soon. This also explains why the Stargate (STG) price has jumped by more than 15% in the past 24 hours.
Further, the developers have continued building the Gamma 4 game and they expect that it will be launched in the coming months. They have already completed most parts, including the design, art, battle mechanics, card illustrations, and elementis functioning.
Bluzelle price prediction
The four-hour chart shows that the BLZ price has performed well in the past few days. In this period, the pair managed to move above the ascending trendline that is shown in black. The coin managed to move above the 25-day and 50-day moving averages while the Relative Strength Index (RSI) moved to the overbought level.
The coin will likely continue rising as bulls target the next key resistance level at $0.1113, which was the highest point on August 11. A drop below the support level at $0.090 will invalidate the bullish view.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Helpful Links
► Website: https://bluzelle.com/
► Whitepaper: https://s3.amazonaws.com/bluzelle-craft-private-storage/Bluzelle-Token-Sale-White-Paper-1.5.pdf?mtime=20180613161914
► GitHub: https://github.com/bluzelle
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Socials
► Blog: https://blog.bluzelle.com/
► Twitter: https://twitter.com/bluzellehq
► Telegram: https://t.me/bluzelle
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Overview
Bluzelle is trying to decentralise data storage by providing a secure and affordable alternative on the blockchain.
Bluzelle network will include a number of other features such as support for decentralised application (or “dApp”) development.
In the Bluzelle network, there are consumers of storage data who buy resources from the producers. These producers are lending their computing resources to the Bluzelle network in exchange for tokens.
The consumers in this network will primarily consist of dApp developers who have a need for an immutable decentralized storage platform. They can pay for these resources using the Bluzelle network tokens.
Another important component of the Bluzelle network is the Karma index. This determines whether producers are acting appropriately.
There are two tokens that are powering the Bluzelle network. BLZ & BNT.
BLZ is publically traded and was issued on the Ethereum Network.
BNT is a private native token that is used in the ecosystem. These can be exchanges 1 for 1 with the BLZ tokens.
Bluzelle held a crowd sale ICO for their BLZ token in January of 2018. This was at the peak of the bull run and they were able to raise a total of 19.5 million dollars in exchange for 500 million BLZ tokens.
Bluzelle is based in Singapore but they have a separate development team that is based in Vancouver.
They have 10 members with a range of backgrounds. These include engineers and software developers who have extensive experience in creating and scaling technology projects.
There have also been a number of partnerships that the project has entered into with companies that have agreed to use their technology.
Trading of BLZ is taking place on a number of exchanges although the bulk of the volume is on Binance. There are reasonable turnover levels here which bodes well for liquidity.
When it comes to storage, you can use any ERC20 compatbile wallet.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Disclaimer
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading Forex, cryptocurrencies and CFDs poses considerable risk of loss. The speaker does not guarantee any particular outcome.
#Bluzelle #BLZ #crypto #blockchain #Review #Bitcoin #Binance #BTC #storage #trading #cryptocurrency #decentralized
source