S&P’ of the last few days, looks so similar. I had this in mind for BTC’, something like this at least for the right shoulder. But the first wave down of was much bigger than i thought it would be. So of course this is not very reliable, since it’s an S&P’ and not of bitcoin’ itself, but looks like it has al the same stages. So worth to watch it if we see another small drop and a good bounce up after. So i would only start to use it, if we see a good bounce up first. There is just too much weakness still in the market. But, the low Open Intrest from the past week, what was bugging me all the time for a continuation of the rally, has been moving up again. It’s 370 mil now and went up while the price was dropping. Now this doesn’t say a lot, but it says we have much more bulls now since the 3800 and down. Of course also just as much bears as well.
If we see another drop happening, with OI increasing even more and the drop becoming smaller than the previous one, than it becomes more likely that accumulation is going on. But we still have not seen a good bounce up, so as long as we don’t see that happening, it’s still very dangerous to look up. Because all the alts are in very bad spots at the moment. Most are below necklines of patterns. So we need a push above those necklines to make a bear trap.
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The new online gaming platform ZENIgames offers gamers a chance to play games and win “Zennies” in the process.
Love online gaming and cryptocurrencies? Then this new gaming platform is just for you. The Bulgarian arcade game website has announced its official launch and is powered by “Zennies”, the platform’s own cryptocurrency. ZENIgames offers free-to-play online games and lets players earn Zennies in the process.
ZENIgames joins other companies such as and in integrating cryptocurrency into their games. While bitcoin has already fostered a , it has more recently attracted the attention of mobile game companies who wish to use it to further .
The ZENIgames Platform
ZENIgames currently offers around 2000 flashed-based games, which work on regular Internet browsers as well as Android and iOS devices. The site offers the usual range of browser-based games, from basic puzzle and platform games to more involved 3D action games.
The games are user-submitted, so their quality tends to vary. Some games, such as , are multiplayer-enabled and highly polished. Others, such as , are clearly meant as amusing time-killers. However, a five-star rating system allows users to push the best games to the top of each game list.
Some games track player progress using cookies stored on the user’s machine. The site also includes leaderboards and a site-wide chat system, allowing users to communicate with each other in-game.
Nonetheless, some HTML5-based games will not work on the Chrome browser due to their need for the . This is by default, as it’s considered by its developers (amongst its other stability issues). Users will either need to manually enable NPAPI plugins on Chrome, or play using one of the Unity-supported browsers.
Zennies, the Prize Tickets of the Future
The innovation ZENIgames offers is its own cryptocurrency, Zennies, which are currently worth around 0.00000135 Bitcoins (or about $0.0034). Its name is derived from the Japanese word for “coins” or “small change”. , Zennies was launched on March 22, 2017 (likely during the development of the site). Like other cryptocurrencies, Zennies is completely decentralized with its own blockchain and community of developers.
By registering with ZENIgames, users can play games to earn Zexperience points, which can then be converted into Zennies. These can be used on the website as payments for games and other In-App Purchases (IAP). The site also offers tools to help developers integrate Zennies into their own creations.
A Blockchain Gaming Network
Although Zennies can be traded across , they currently appear to have limited use as payment for game prizes on their own platform. However, ZENIgames is built on the ZENI game distribution system, which allows other arcade sites to fetch ZENIarcade games.
Theoretically, this will allow Zennies to be used as a cross-platform payment system on other sites. Should it gain momentum, the ZENI game distribution system may evolve into a networked game system, where Zexperience can be traded to earn prizes across a network of games.
ZENIgames is currently in beta, so expect more developments on the platform to follow in due time.
Is gaming a good application for blockchain? Could Zennies gain momentum as a currency for online games? Let us know in the comments below!
