HomeNewsGame On: Polkadot's Role in Shaping the Future of Gaming

Game On: Polkadot’s Role in Shaping the Future of Gaming

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  • Polkadot’s ecosystem for game applications, chains, and frameworks is attracting significant blockchain gaming initiatives.
  • DOT predicts large price hikes in the medium and long term, despite recent changes.

Blockchain and cryptocurrency technologies are changing industries in ways never before imagined. Polkadot, a blockchain protocol, is leading this revolution in gaming. Polkadot will change gaming with its smart contract chains, game-specific chains, and developer frameworks.

A New Blockchain Gaming Era

Polkadot’s gaming ecology is active. Polkadot’s sophisticated technology powers several game applications, game-specific chains, and development frameworks on the platform.

Ajuna Network, Mythical Games, NFL Rivals, Moonbeam Network, Astar Network, Exiled Racers, Cosmize, Neurolanche, EVRLoot, MoonFit, TGE, Pinkonomic, Blankos Block Party, and Battle Mogs are among the many gaming projects and platforms drawn to it.

As previously reported by ETHNews, Polygon’s AggLayer has onboarded Astar Network, marking a significant step in the blockchain space and improving its capacity to facilitate smooth cross-chain transactions. To explore more details about this development, you can watch the following YouTube video.

Forecasts and Market Movement

Market movements have been interesting for Polkadot’s native coin, DOT. DOT’s price rose 2.41% to $8.83 in the past 24 hours. Despite a 4.79% loss last week, this short-term trend is good. CoinCodex expects DOT’s value to rise 29.75% to $10.80 by April 10, 2024, despite these swings.

Source: CoinCodex

DOT has lost 19.25% in 30 days. Despite this, the medium-term outlook is optimistic after a 14.79% increase in three months.

An even more positive long-term outlook shows a 29.84% price change over the past year. The durability and expansion potential of Polkadot demonstrate its blockchain strength.

Polkadot’s market sentiment is neutral, with optimistic and bearish signs. 16 market indicators predict bullishness, while 13 predict bearishness. This creates a neutral, slightly positive mood. A Fear & Greed rating of 79 (Extreme Greed) indicates a bullish market outlook.

Polkadot’s position is more than helpful, as it promotes game innovation and growth. It is influencing gaming’s future, giving developers and players new chances.

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Syofri is an active forex and crypto trader who has been diligently writing the latest news related to the digital asset sector for the past six years. He enjoys maintaining a balance between investing, playing music, and observing how the world evolves. Business Email: info@ethnews.com Phone: +49 160 92211628