2022-6-18 19:30 |
For months, there had been warning signs that the cryptocurrency market was due for a correction. But no one could have predicted the sheer scale of the collapse that would begin in early May 2022.
At the storm’s center was Terra, a $50bn algorithmic stable coin ecosystem that saw its flagship token, TerraUSD (UST), plunge in value. The fall of Terra’s stable coin exacerbated weakness in investor sentiment, causing bitcoin (BTC) to plunge to $25,000, its lowest level in over 14 months.
If the Turing Award was the Nobel Prize of the computer science world, then the equivalent in the cryptocurrency realm would be the Crypto Winter – a long period of stagnation and decline. And like a real winter, it could be sparked by any number of things.
For instance, the start of a global monetary tightening cycle had already caused a gradual selloff in risk assets, from equities to cryptocurrency. Terra’s debacle could be the writing on the wall for a prolonged crypto winter to come. Of course, it’s important to note that such market cycles are inevitable and even necessary for healthy growth in the long term.
The crypto market crash of 2022 continues to wipe out billions of dollars in value, sending shockwaves through the entire financial sector. Bitcoin and Ethereum are two of the most well-known cryptocurrencies on the market. Bitcoin fell below $20,000, and Ethereum dropped under $1,200 at the start of the week, marking a new 18-month low for the two digital currencies.
Both Bitcoin and Ethereum have lost more than 70% of their value since their all-time highs in December 2017. However, Bitcoin remains the largest cryptocurrency by market capitalization, with a value of around $350 billion. Ethereum is the second-largest, with a market cap of $120 billion.
It’s no secret that cryptocurrencies are subjected to volatile swings making them a risky investment. However, most of the crypto world believes that Bitcoin and Ethereum will eventually recover and reach new all-time highs.
As the blockchain industry continues to evolve, so do the opportunities for businesses to leverage its capabilities in innovative ways. MetaBlaze is a company on the cutting edge of blockchain technology, merging the best features from rapidly growing crypto sectors within its ecosystem and blockchain gaming at its core.
Digital Economies Need Diversity & MetaBlaze is Bringing itMetaBlaze aims to create a harmonious ecosystem by converging various blockchain technologies and crypto trends. Its unique web of utility is constructed in such a way to spread ‘support pillars’ throughout its ecosystem and bolster its foundation. This even includes the integration of NFTs within its ecosystem. MetaBlaze aims to reduce the reliance on any one specific component to grow its economy.
MetaBlaze is committed to being at the forefront of this industry. Its team is working to improve the crypto user experience and put more power in the hands of holders. With various value-added utilities to continuously drive revenue to its economy, MetaBlaze is developing its ecosystem with long-term sustainability in mind.
The MetaBlaze Token (MBLZ) is intended to serve as the native currency within its multifaceted ecosystem. MetaBlaze Token (MBLZ) is a deflationary, dual reward-based cryptocurrency built on the Binance Smart Chain and Ethereum Blockchain.
One of the most anticipated products in development is its native blockchain, the BlazeChain, developed for specific metaverse gaming applications. As an MVP (Minimum Viable Product), MetaBlaze will launch its intelligent dApp (Decentralized Application), known as BlazedApp, upon initial listings on Crypto exchanges.
The BlazedApp is the heart of its robust ecosystem. The dApp will serve as a bridge between the Binance Smart Chain and Ethereum Blockchain. BlazedApp is equipped with an AI (Artificial Intelligence) driven price stabilization mechanism designed to monitor the market value and circulating supply of MBLZ. Suppose a large portion of MBLZ is sold. In that case, the AI automatically initiates a token buyback to minimize the effects of such selloffs.
BlazedApp is home to Blaziverse, a club membership to a 50-level, NFT-driven strategy game. In addition, the dApp will host the World’s first-ever NFT working grounds where holders can physically employ their NFT. MetaBlaze is also set to release a unique NFT rental system for those who may wish to take a more passive approach, renting NFTs to game players or for employment purposes.
In 2024, MetaBlazes’ major upcoming play-to-earn, MMPORG (massively multiplayer online role-playing game), will also be accessible within BlazedApp. The game integrates NFT-based virtual land parcels amongst virtual worlds. In this blockchain-powered, play-to-earn game, players take on the role of controlling NFT-based game characters. Players engage in player-vs-player battles to take control of stunning 3D worlds and sustain life for their species.
Even better, as they play, players will have the opportunity to earn rewards in the form of MBLZ cryptocurrency. So not only is the game itself entertaining and immersive, but it also gives players a chance to earn crypto for their engagement. It’s the perfect trifecta of gaming: fun, fantasy, and crypto earnings.
MetaBlaze + CertikIn the blockchain world, trust is everything. Users must trust that the blockchain companies they invest in are conducting business ethically and transparently. MetaBlaze has put its best foot forward in its commitment to earning the trust of its users. Displaying its commitment to transparency and accountability, the MetaBlaze core founding team has undergone extensive KYC (Know-Your-Customer) procedures with the World’s leading Blockchain Security company, Certik. The MBLZ smart contract has also been Audited by Certik.
ConclusionMetaBlaze is one of those rare projects that offer something for everybody. The MetaBlaze team has gone above and beyond to build something unique, and they are well-positioned for explosive growth. The ongoing token presale presents an ideal time to buy in on the next rising star in the crypto world.
The ongoing presale round price is $0.000095 per MBLZ, with a 5% bonus issued per transaction. The MetaBlaze website indicates the official exchange listing price as $0.0002. Don’t miss out on this opportunity; there are only eight days left in the current crypto presale round before rolling into its final presale round with a slight price increase to $0.00015069.
Join the MetaBlaze Telegram channel and see what the +18,000 community members have to say. To learn more or participate in the crypto presale, visit MetaBlaze and click the “Buy Tokens Here” button.
The post Bitcoin (BTC), Ethereum (ETH), and Altcoin Prices Crash as MetaBlaze (MBLZ) Moves to Build an Ecosystem the Crypto World Needs appeared first on CryptoSlate.
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