Daily Top Mover — Galaxy Arena Metaverse (ESNC)

U.S. equities ended the volatile week in red, with tech-heavy Nasdaq declining 2.7%. November’s CPI print surprised to the downside, reinforcing the narrative of peak inflation, while the dot plot from December’s FOMC meeting dashed hopes of a rate drop in 2023. After a roller-coaster week, equities ended up in red, painting a negative outlook for the near term as recession concerns began circling again. Meanwhile, the broader cryptocurrency has followed the footsteps of equities, with Bitcoin down 2.5% and Ether down 6.8% in the past week. The weekend has seen stabilized price movements, with Bitcoin and Ether down 0.2% and 0.4%, respectively, in the past 24 hours. The top mover for today, ESNC, which registered a 21.43% increase in the past 24 hours, has clearly outperformed the market on the back of its upcoming beta launch and new game partnerships.

ESNC is the native token used for in-game purchases on the decentralized metaverse Galaxy Arena, similar to MANA for Decentraland. Galaxy Arena’s beta launch is scheduled to happen on Dec 20, 2022. The hype around the new metaverse project, as well as a slew of new game partnerships, prompted ESNC to almost double from its bottom. Galaxy Arena is built on Polygon and differentiates itself from other sandbox games by bringing move-to-earn concepts into the decentralized metaverse platform. Its VR and AR headset compatibility offers users an immersive experience, a key characteristic that sets Galaxy Arena apart from its peers. Galaxy Arena aspires to incorporate more comprehensive features to enhance in-game playability amid languishing activities on top decentralized metaverse platforms such as Decentraland. 

Check Out the Latest Prices, Charts, and Data for ,ESNC/USDT,!

Talk of the Town

Last week, Celestia revealed 2 new projects that have been in the works. The Arabica Devnet was launched as an ideal sandbox for developers to experiment on. As a developer-focused devnet, validators will not be able to operate on Arabica. Instead, validators are currently only able to operate on the Mamaki Testnet, which is replaced by the new ,Mocha, upgrade. Both Arabica and Mocha are now live, and users can begin their migration. 

Check out what else is buzzing in the crypto scene today:

Grayscale Bitcoin Trust discount reached a record 50%. (,Link,)

A global standard for banks’ exposure to crypto assets, endorsed by BIS, sets a 2% cap on crypto reserves among banks. (,Link,)

The price of Donald Trump’s newly released NFT collections fluctuated. (,Link,)

Crypto Lender Amber Group receives a $300m lifeline amidst rumors of delayed severance packages. (,Link,)

FTX auditor Armanino quit the crypto audit business after eight years of practice. (,Link,)

Source: Bybit Blog

The post Galaxy Arena’s Beta Launch Boosts ESNC; Celestia Launches Arabica and Mocha appeared first on Crypto Breaking News.

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Filed under: News - @ December 19, 2022 8:09 am