Game Launch

Run, train, earn: which GameFi projects to watch in 2024 According to the Messari report, in 2023, about 3.4 billion gamers brought the gaming industry $184 billion. The latter undergoes a paradigm shift once every 10 years, so the rise of the GameFi financial sector can be compared to

Hong Kong's regulatory policy for virtual assets has evolved from initial exploration to policy transformation and then to practical implementation, gradually shifting from a risk-oriented approach to an opportunity-oriented approach. It has established a comprehensive legal and licensing system to adapt to the development of virtual assets, reflecting a balanced pursuit of innovation and stability.

The main source of income for Layer 2 is the Gas fees paid by users, and the profits for various Layer 2 platforms are considerable in 2023. Centralized sequencers improve efficiency but face issues such as censorship resistance and single points of failure. To address this, proposals for decentralization and shared sequencers have been put forward, but new challenges have also arisen. Continued exploration of solutions will be necessary in the future.

This week, the sentiment in the crypto market has declined, while the DeFi sector has performed outstandingly, with the total TVL increasing to $54.1 billion. The DEX volume has reached a new high for 2024, and market hotspots are concentrated in the infrastructure sector. The activity of meme coins has risen, and investors need to cautiously follow the opportunities for re-staking and DEX. It is expected that the market will maintain volatility in the short term.

Recently, the Bitcoin market has shown signs of consolidating at a low level. The daily chart has closed in the red for two consecutive days, indicating signs of short-term adjustment. Today's morning session also closed in the red, further confirming this trend. However, this adjustment does not mean a change in the long-term trend, but is more likely a common short-term fluctuation in the market. From a technical perspective, the Bollinger Bands on the four-hour level are starting to contract, which usually indicates that market fluctuations may soon intensify. Bitcoin has pulled back from a high near $108,000 to around $105,000, and then experienced a choppy recovery around noon today. This price movement aligns with a typical small-cycle adjustment pattern, which may lay the foundation for subsequent upward movement. For short-term traders, there are currently opportunities to focus on the bullish direction. The Bitcoin price range is between $105600 and $105300, with an upward target of $107000. At the same time, Ethereum is also showing a similar trend, with a trading range between $2400 and $2380, and an upward target of $2500. It is worth noting that while the market may experience a rebound in the short term, investors should remain cautious. The high Fluctuation of the cryptocurrency market means that risks and opportunities coexist. It is advised that investors closely monitor market dynamics, manage risks appropriately, and make investment decisions based on their own risk tolerance. With the continuous changes in the global macroeconomic environment, the cryptocurrency market may also be affected. Investors should pay attention to factors such as monetary policies and regulatory environments in various countries, as these can significantly impact the price trends of digital assets like Bitcoin.