Huge Whale Buying in a New GameFi Project

OBV Spills The Beans And We Can Position

On Balance Volume (Lazy Bear) (image by author)

In this post we’ll cover a recent HOLD status coin, BNX. The chart gave us important clues so it was time to research the project. As a crypto investor, I’m super pumped about what we found.

And it’s way bigger than just the token value!

GameFi gets my blood pumpin’

Here are five important background notes that explain why the chart above is so exciting for crypto investors!

  1. BNX Trading Signal and Altcoin Season Timing

  2. We cover the BinaryX Project GameFi Road Map

  3. Exiting top results from the October Hackathon

  4. Why investors and traders should take note

  5. How to Position Safely and Make Money from GameFi

GameFi Will Be Massive! (midjourney image by author)

1) BNX Flashes Partial Exit But I’m Bullish

Altcoin Season Indicator and the AltSeason CoPilot are flashing a Partial Exit signal as part of our overall risk management plan.

This would move our trading system from ‘Stage 3 of the Trade’ partially into ‘Stage 5 of the Trade’ by reducing our position size in this particular token.

Advanced Trading Entry

The springboard trading pattern waits for a chart pattern like we are seeing today. This can provide us with the ideal moment to put on a tiny trade with very well-known risk.

If we risk $20 on this trade, we could set our stop to limit our risk to just $5.

The timing of this trade is critical - you can only hit the ball as it is crossing the plate in a baseball game and it is the same with trading. You must be ready for this trading pattern in advance.

You must plan the trade, and the trade size long before the pattern shows up in any particular chart. Check out this example with ACH price making 188% gains in February of 2023…

I can never know the future for BNX token, but when this pattern shapes up in any chart, I can plan my risk and see what happens.

2) What Is BinaryX GameFi?

BinaryX is a leading GameFi and Initial Game Offering (IGO) platform, and is at the forefront of delivering unparalleled gaming experiences underpinned by blockchain technology.

It facilitates Initial Game Offerings (IGOs) enabling game developers to launch their GameFi projects and users to gain early access to novel games.

With a robust community and a strong market cap, BinaryX is making significant strides in the metaverse, backed by its token $BNX.

Ai Hero Uncovered:

In a trailblazing fusion of AI and blockchain technology, BinaryX unveils Ai Hero, a cutting-edge multiplayer battle royale text adventure game set to redefine the gaming landscape.

This innovation signifies a big leap for GameFi enthusiasts as it merges the decentralized realm with machine learning and artificial intelligence technologies.

Here's a closer look at what Ai Hero brings to the table and why it's an endeavor worth your attention.

  • Gameplay Dynamics:

    • At its core, Ai Hero is a battle royale adventure where players assume the persona of a medieval adventurer navigating a perilous world filled with foes, magic, and endless quests.

    • Players are pitted against each other, with the sole survivor emerging victorious. The crux of the game revolves around strategic decision-making based on unfolding events and player status to gather materials for crafting essential equipment or weaponry.

  • Strategic Elements:

    • The game's core mechanics offer a blend of strategy, exploration, and competitive gameplay. Every move, battle, or interaction hinges on player attributes and a roll of the dice, with the game's AI analyzing the outcomes to ensure a unique, non-repetitive gaming experience.

    • Crafting is fundamental to survival in Ai Hero. The extensive synthesis recipes, terrain interactions, and material outputs challenge players to amass resources, forge superior gear, and outlast the competition.

  • Player Vs. Player (PvP):

    • When two or more players occupy the same map square, a PvP battle is automatically initiated, thrusting players into random 1v1 combat scenarios. Overcoming adversaries not only propels players closer to victory but also grants them access to their opponents' gear.

  • Leaderboards and Beyond:

    • Engage in fierce PvP contests or aim for the top spot on the Ai Hero leaderboards. With the game's AI intricacies, no two battles are alike, mandating a high degree of adaptability for success.

Beta Testing Opportunity:

BinaryX has thrown open the gates for an open beta test of Ai Hero, inviting feedback from all quarters.

With no special conditions for joining, it's an open invitation to be part of this groundbreaking gaming venture.

Follow BinaryX on social media and join their community to stay updated on the beta test commencement and other exciting news.

Engagement: What aspect of Ai Hero excites you the most? The unique blend of AI and blockchain, or the competitive gameplay it promises? Share your thoughts, and stay tuned for more updates on this intriguing venture!

For more information on BinaryX and Ai Hero, visit BinaryX.

GameFi's Potential for Passive Income

3) BinaryX Hackathon 2023

The burgeoning sector of Game Finance (GameFi) took a remarkable stride forward with the recent conclusion of the BinaryX Online Hackathon 2023.

Held on October 4th, the event showcased a galaxy of innovative projects, setting a new benchmark in the convergence of gaming and decentralized finance.

Here's a look at the event that has the potential to reshape the GameFi landscape.

Sparking Innovation at Demo Day

  • The BinaryX Online Hackathon Demo Day spotlighted the top 5 out of 40 BUIDLs, covering a spectrum of GameFi innovations.

  • Streamed across platforms like YouTube, Twitter, and Binance Live, the event witnessed a global confluence of blockchain aficionados and gaming zealots, underscoring the growing allure of GameFi.

Judging Excellence

  • A panel of seasoned judges evaluated submissions on five key aspects: Product Viability, Innovative Impact, User Design & Implementation, Gameplay & Demo Experience, and Technical Complexity.

  • The diverse criteria ensured a holistic assessment, laying a solid foundation for identifying projects with the most promise and market readiness.

Hackathon - Hidden Gold Mine of Profits

  • ARK: MetaSurvival clinched the Community Choice Award, underscoring its popularity and anticipation among the GameFi community.

  • Trade Or Bust was hailed as the Most Innovative Project for its on-chain strategy game, reflecting the creativity and technical prowess within the GameFi sector.

  • Crypto Mayhem, 3x3 Freestyle, and Lumiterra were other notable winners, each bringing unique gameplay elements and blockchain integrations, further enriching the GameFi ecosystem.

Envisioning a Bright Future

  • Beyond competition, the event symbolized a collective endeavor towards creating a robust suite of GameFi products.

  • With the backing of notable sponsors like Alibaba Cloud and Salus Security, BinaryX is poised to propel the GameFi industry into a new era of growth and sustainability.

The BinaryX Online Hackathon 2023 has undeniably set a new precedent in GameFi innovation.

As an investor, how do you envision the impact of such competition on the GameFi market?

Could this be the catalyst for a broader acceptance and integration of blockchain in gaming?

4) Why Investors Should Take Note

Make Money with Trade or Bust

What is Trade or Bust?

Trade or Bust is an inventive blockchain-based economic strategy game that replicates the volatile market dynamics, providing a thrilling gameplay experience.

The game challenges players to navigate an unpredictable economic landscape, focusing on asset accumulation within a defined timeframe.

The journey encompasses securing financial resources, exploring a diverse in-game map, engaging in concealed trades with fellow players, and adhering to the central bank's interest payment schedule.

The ultimate goal is to outlast market unpredictabilities and emerge as the triumphant victor.

A New Horizon in Gaming Strategy

"Trade or Bust" is more than a game—it's an economic battlefield where strategic foresight is rewarded.

At the core of this game lies a fundamental challenge: continuously growing assets amidst a volatile market.

Players are to devise personal strategies that enable them to not only survive but thrive in this economic arena.

Game Rules: The Road to Victory

The game employs a scoring system where each unique asset acquired by a player earns them a point.

The scoring progresses with the acquisition of additional similar assets; for instance, a second similar asset scores two points. The winner is the player with the highest score who can fulfill all interest payments by the game's conclusion.

Players can borrow funds and assets from the game's Central Bank, albeit with a cap of three identical assets.

Failure to meet interest payments on time results in elimination, adding a layer of financial discipline to the gameplay.

Asset Dynamics and Covert Trades

Players can delve into covert trades, where asset prices are known solely to the trading parties, fostering a competitive and clandestine trading environment.

Six types of assets are available, each demanding a strategic approach to ensure sufficient liquidity.

The Underlying Tech Framework

The game's creators have leveraged cutting-edge technologies to ensure a seamless multiplayer experience.

The MUD engine facilitates persistent game state management, while CocosCreator enhances frontend development efficiency.

Notably, the incorporation of Zero-Knowledge Proof (ZKP) in the mandatory trading aspect adds a cryptographic layer to the game, promoting transactional privacy and validating player actions.

Game Logic and Data Management

To accommodate the game's complex functionality, nearly 20 tables have been implemented using the MUD's built-in Store feature, serving as containers for various game logic and data aspects.

APIs Bridging Frontend and Backend

The project hosts over a dozen APIs ensuring seamless communication between frontend and backend components.

While these interfaces have been preliminarily implemented, future developments will focus on handling unexpected scenarios, such as insufficient tokens, enhancing the game's realism and player interaction.

Setting Sail: Getting Started with Trade or Bust

For interested gamers and developers, getting started with "Trade or Bust" is straightforward.

Cloning the repository and installing the necessary dependencies sets the stage for launching the application.

The developers have provided a comprehensive setup guide, making it easy for anyone to dive into this economic battleground.

What Does This Mean For GameFi?

"Trade or Bust" is an ambitious project that marries strategies for making money with blockchain technology, offering a unique way to profit from the metaverse and MMORPG gameplay experience.

As players dive into this vibrant economic battleground, the blend of strategic gameplay, API connections to advanced ai technology, and real-time player interaction - this promises an engaging and challenging gaming environment.

5) GameFi and Cryptocurrency Price Manipulation

The emergence of blockchain-based games like "Trade or Bust" illustrates a burgeoning intersection between GameFi gaming, and API access for AI Tools to play out an economic strategy within a simulated yet real-money-based volatile market environment.

However, when transitioning from a controlled game setting to the real-world cryptocurrency market, the specter of price manipulation, particularly through Ai masterminded Pump and Dump (P&D) schemes, casts a long shadow over the ethics and legality of market engagements.

Gaming Versus Reality: The Thin Line

In "Trade or Bust", players engage in covert trades, devising strategies to accumulate assets and thrive amidst market volatility.

However, this aspect of concealed trading, while exciting in a game scenario, mirrors the secrecy and deceit often seen in real-world crypto P&D schemes.

Add to this the API access to connect AI Tools like ChatGPT - and the potential for price manipulation for profit is not just a conspiracy theory.

In such schemes, prices are manipulated by a group of individuals who artificially inflate (pump) the price of a cryptocurrency only to sell (dump) their holdings once unsuspecting investors have bought in, causing the price to plummet and resulting in financial loss for those deceived.

The Veil of Social Media: A Double-Edged Sword

The game also hints at a growing trend where social interactions can significantly impact market dynamics.

In real life, social media platforms often serve as the stage for P&D groups or influential individuals to manipulate market sentiments, driving short-term price movements under the guise of harmless commentary.

Connect the Pump and Dump plan to Artificial Intelligence Tools for automating your Social Media and Blog posts and nefarious characters can build an AI Price Manipulation money machine.

The clandestine nature of trades in "Trade or Bust" reflects how misinformation and lack of transparency can be weaponized for price manipulation in actual markets.

Zero-Knowledge Proof: A Potential Safeguard?

Interestingly, "Trade or Bust" employs Zero-Knowledge Proof (ZKP) to encrypt transactional content, enhancing the game's privacy.

This cryptographic technique also offers a level of protection for price manipulation by validating transactions without revealing underlying information.

Regulatory Landscape: A Step Towards Fair Play

The commentary on P&D schemes also sheds light on the critical need for robust regulatory frameworks to deter price manipulation and protect investors.

Authorities are gradually adapting to the crypto-market's nuances, developing regulations and enforcement mechanisms to curb fraudulent trading practices.

The gameplay in "Trade or Bust" could serve as a simplistic representation, albeit, an imaginative one, of how market dynamics work, providing a basis for understanding the importance of regulations in promoting fair market play.

5) Profiting Ethically Amid Mania

The Perfect "Popcorn Strategy" Machine

The "Trade or Bust" game mirrors the unpredictable cryptocurrency market, presenting an environment where players can strategize to maximize their asset holdings amidst market volatility.

The real-world crypto market is already notorious for its price swings, yet the price swings for items within a gaming environment can be much more significant and until now, have been overlooked by regulators.

With proper planning, these inevitable price swings also harbor opportunities for strategic speculators to profit without engaging in nefarious schemes such as pump-and-dump.

A speculative strategy known as the Popcorn Strategy offers a structured approach to capitalizing on these market conditions while maintaining an ethical stance.

A Speculative Net To Catch Market Manipulation

The core philosophy of the Popcorn Strategy is to capitalize on the extreme price movements, often seen in cryptocurrencies, without participating in the manipulation schemes that may drive such volatility.

By setting up sell orders at extreme technical levels in advance, an investor prepares to capture profits during price surges, often driven by FOMO (Fear Of Missing Out) or market manipulation, and reinvest or diversify the proceeds post the inevitable price correction.

Application in the "Trade or Bust" Scenario

"Trade or Bust" encapsulates the essence of market unpredictability and strategic trading.

While it's a game, its mechanics could serve as a simplified representation of how the Popcorn Strategy might play out in real-world scenarios.

The covert trading feature in the game could be seen as a metaphor for the clandestine pump-and-dump schemes in the crypto market, while the strategic asset accumulation mirrors the long-term holding aspect of the Popcorn Strategy.

Profiting Ethically: GameFi Real-world Profit

Players in "Trade or Bust" are challenged to strategize in a volatile market.

Our age-old strategy's emphasis on diversifying into positions and setting up sell orders in advance, while knowing that players will plan their moves meticulously to drive price action and win the Trade or Bust game points.

We can take our in-game-generated profits and sell the tokens for real-world money or for Bitcoin.

Learning From Simulated Economies

The "Trade or Bust" platform provides a simulated environment for understanding the dynamics of trading strategies amidst market volatility.

Potentially shady practices are under the radar of regulators for the time being, but blockchain is notoriously good at tracking.

It brings to light the importance of keeping on the side of ethical trading practices, which are the core of the Popcorn Strategy.

By engaging in such GameFi trading environments, potential speculators can better understand the market dynamics, prepare for extreme price movements, and devise strategies to profit. Ethically.

A Match Made For Future Millionaires

The opportunity of the "Trade or Bust" gaming environment and the Popcorn Strategy of catching price moves of in-game item trading offers a glimpse into how strategic planning and ethical trading practices can position to make money from the certainty of market volatility.

While one is a GameFi metaverse virtual world and the other a real-world, both underscore the potential to capture pump-and-dump moves ethically and profitably.

The Popcorn Strategy, in particular, offers a structured approach to capturing profits from market mania, serving as a blueprint for speculators aiming to profit in the turbulent crypto market without resorting to unethical practices.

BNX/USDT CHART

And that brings us back to the chart that started all the research in the first place.

Even without knowing the incredible GameFi development, the chart was already telling me that investors are interested in this project.

And now, the risk to reward ratio in the price chart is matching one of our trading signals.

This is Stage 1 of the Trade

Doing the research and setting up the entry and risk levels.

What should your position size be?

If I had a $10,000 account I would want to have ½ of 1% of my total pool in this chart pattern… that is $50 invested, and my stop loss would hold my total exposed risk to about $5 plus fees.

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We’ll follow up on these projects and the BNX charts in the future!