No products in the cart.
- Latest
- Trending
ADVERTISEMENT
Bluezel prices rebounded Wednesday as investors waited for a merger with Stargate and the Gamma 4 launch. The BLZ token climbed to his $0.100 high, the highest since August 17th. Up more than 33% from its low this month, the market cap has surpassed his $32 million.
Bluzelle is a relatively small but rapidly growing blockchain project at the intersection of gaming, non-fungible tokens (NFTs), and decentralized finance (DeFi). Created by former employees of major game companies such as Nintendo, Zynga and Electronic Arts.
Bluzelle has three main products. First, there is his BluzelleNet, a delegated proof-of-stake platform based on Cosmos technology. This is a very fast platform capable of processing over 10,000 transactions per second. BluezelleNet aggregates his DeFi offerings in the Cosmos ecosystem to provide gaming asset lending, staking and monetization strategies.
Bluzelle also builds Gamma 4. This is a play to earn game and will be released in the next few months. Users can play and earn rewards.
Finally, we have Bluzelle R2, a decentralized storage platform for files and non-fungible tokens (NFTs).
BLZ prices are doing well as investors await its integration into the Stargate ecosystem. The developers have migrated the testnet to Stargate and are set to migrate to the mainnet soon. This also explains why the price of Stargate (STG) has increased by more than 15% over the past 24 hours.
Additionally, the developer continues to build the Gamma 4 game, which will be released in the coming months. The design, art, battle mechanics, card illustrations, elements, etc. are almost complete.
The 4-hour chart shows that the BLZ price has performed well over the past few days. During this period, the pair has broken out of the uptrend line shown in black. The coin edged above the 25- and 50-day moving averages while the Relative Strength Index (RSI) moved to overbought levels.
The coin is likely to continue to move higher as the bulls target the next key resistance level of $0.1113, the Aug. 11 high.A break below the $0.090 support level will give us a bullish view. becomes invalid.
