Connect with us

Hi, what are you looking for?

Altcoins

XRP Struggles as New Altcoin Tapzi Gains Traction in Web3 Gaming

XRP has seen a 10% decline, while Tapzi”s presale attracts attention in the gaming space.

XRP, one of the most prominent altcoins, has experienced a downturn of over 10% this week. This decline comes despite ongoing activity within its network and a positive outlook regarding Ripple“s growing global partnerships. While the underlying fundamentals of XRP remain robust, significant movements by large wallet holders have raised some unease among investors. In contrast, a new presale cryptocurrency, Tapzi, is capturing attention in the Web3 gaming arena, positioning itself as a compelling investment opportunity in the current market cycle.

Currently, according to CoinGecko, the price of XRP stands at $2.30, reflecting a decrease of 10.7% over the past week. This downward trend is attributed to a surge in transaction volumes among major XRP holders. Insights from CryptoQuant indicate that these large investors are primarily moving their assets in and out of exchanges, potentially to lock in profits that were gained earlier in the day. Analysis from CryptoOnchain suggests that these transactions are not erratic or driven by panic, but rather demonstrate a calculated approach by these large-scale players to exit the market discreetly during favorable conditions. Notably, the average whale deposit to exchanges over the past 100 days has reached its highest level in over a year.

While Ripple has broadened its network and institutional use cases, this expansion has not yet translated into sustained buying momentum in the market. Currently, price movements appear to lag behind project developments, prompting some traders to redirect their investments toward emerging opportunities.

In the face of XRP”s challenges, many investors are turning their attention to smaller, utility-focused tokens. Early-stage altcoins that offer functional products and clearer use cases are gaining traction. One standout project is Tapzi, which is centered around skill-based gaming leveraging blockchain technology. As numerous play-to-earn models have struggled due to inflation and subpar design, Tapzi is emerging as one of the top cryptocurrencies to consider, especially given its innovative mechanics. Players engage in games by staking their native token, $TAPZI, competing for real prize pools derived from their stakes. This structure minimizes excessive token emissions and fosters a natural demand for the token.

The presale for Tapzi is currently active and has already sold approximately 68.82% of its available tokens. Out of a total of 150 million tokens in this round, 98 million have been sold at a presale price of $0.0035, with a listing price set for $0.01. Distinctively, unlike many presale tokens that exist only on paper, Tapzi has launched a functional alpha platform. Users can connect their wallets, participate in games, and track statistics such as match history and leaderboards. The platform currently features games like Chess, Checkers, Tic-Tac-Toe, and Rock-Paper-Scissors, with plans for additional titles in the future.

The project”s smart contracts have undergone audits by SolidProof and Coinsult, both of which confirmed that the code is free from critical issues. Tapzi has also completed its KYC verification and maintains a TrustNet score exceeding 92%. This level of transparency and early usability contributes to Tapzi”s recognition as one of the most promising cryptocurrencies to invest in before 2026.

Tapzi”s tokenomics are designed for long-term utility, featuring a capped supply of 5 billion $TAPZI tokens. The distribution strategy allocates 20% to presale buyers and another 20% for liquidity, while the remaining 60% supports development, marketing, treasury, and in-game rewards. Upon the token generation event (TGE), presale participants will receive 25% of their tokens, with the remaining 75% vesting over four months following a two-month lock period. Tokens allocated to the team will have a 12-month lock period, followed by a gradual vesting schedule over the next 18 months, aiming to minimize volatility post-launch.

Every match hosted on the Tapzi platform necessitates players to stake tokens, which temporarily removes them from circulation, thus aiding in price stability. Additionally, the platform imposes a nominal fee per match, potentially earmarked for future token buybacks or development initiatives. Currently operational on the Binance Smart Chain, Tapzi”s roadmap includes plans for expansion to Ethereum, Arbitrum, Polygon, and Solana. This multichain strategy enhances user access and aims to lower transaction costs.

Tapzi”s early growth has been noteworthy, achieving traction without heavily relying on influencer promotions. Community engagement is on the rise, with users actively interacting with the platform”s alpha version. Feedback has focused on gameplay rather than speculation, indicating that users are genuinely engaging with the product. This distinguishes Tapzi from many other presales currently available, as it offers a functioning product and actual token utility prior to its official launch.

For those interested in the best cryptocurrencies to invest in, Tapzi”s immediate interactivity and secure smart contracts make it an attractive option, particularly for investors seeking practical applications in the blockchain space. Furthermore, Tapzi is currently hosting a community giveaway with a total of $500,000 in prizes across nine categories, inviting users to sign up and become early adopters.

You May Also Like

Markets

Bitcoin"s value against gold has reached a critical support level; will it bounce back?

Top Stories

BitRss provides real-time updates and curated content for the crypto community around the clock

Altcoins

LivLive offers a 200% bonus in its presale, making it a standout option for investors seeking affordable crypto.

Bitcoin

Bitcoin"s price has dropped below the critical $100,000 level, raising concerns among investors.

Altcoins

Ripple, XRP, and the XRP Ledger are distinct entities crucial for cross-border payments.

Altcoins

XRP is poised to play a crucial role in a $30 trillion market for tokenized assets, reshaping finance.

Regulation

Nvidia"s stock drops sharply after the US bans AI chip sales to China, impacting growth plans.

Regulation

Finland will adopt the OECD"s Crypto-Asset Reporting Framework to enhance crypto transaction transparency by 2026.

Markets

Ethereum struggles to maintain a $3.2K floor amidst significant DeFi market outflows and low buying conviction.

Regulation

Finland will launch a new crypto tax reporting framework in 2026, aligning with OECD standards.

Markets

Dogecoin"s open interest has fallen to its lowest in six months, signaling potential price volatility ahead.

Markets

AVAX is currently trading between $21.40 support and $23.50 resistance levels, with potential for short-term recovery.

Copyright © 2024 COINNEWSBYTE.COM. All rights reserved. This website provides educational content, emphasizing that investing involves risks. Ensure you conduct thorough research before investing and be ready for any potential losses. For those over 18 and interested in gambling: Online gambling laws differ across countries; adhere to your local regulations. By using this site, you agree to our terms, including the presence of affiliate links that do not impact our evaluations. Cryptocurrency offers on this site are not in line with UK financial promotion regulations and are not aimed at UK consumers.