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VeChain (VET) Price Soars 25 Percent on Microsoft Gamebook News

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  • Yuri Molchan
    📰 News

    After the news of launching ‘The Way of the Tiger’ gamebook on blockchain in alliance with Microsoft was announced, the VeChain price surged over 25 percent

VeChain (VET) Price Soars 25 Percent on Microsoft Gamebook News
Cover image via 123rf.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Contents

Earlier, U.Today reported that the person who created ‘The Way of the Tiger’, one of the first gamebooks launched back in the 1980s, decided to bring his game back to the market in a new form – this time placing it on VeChain ledger.

Now, the VET token price surges over 25 percent.

The return of the gaming legend

The author of the original famous game, Jamie Thomson, will be working with Eidos and Fable game-making companies. The software giant Microsoft will be joining them too.

The game is going to be released on VeChainThor ledger. It was selected for its large scalability. Besides, it allows creating ‘cards and items without having to deal with all the crypto stuff.’

The roadmap of the project promises the game to be relaunched publicly next year.

Since Ethereum launched the popular game CryptoKitties back in 2018, blockchain games have been rising in popularity globally. Last year, the community got so much into CryptoKitties that Ethereum faced a major congestion with transaction fees’ price surging dramatically.

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VeChain (VET) price surges almost 26 percent

After the news was announced, the VeChain token VET’s price rose by over 25 percent, as per data from the CoinMarketCap aggregator.

VET price CMC
Image via CoinMarketCap

A crypto analyst @CryptoMichNL who follows VET and often posts VET charts and forecasts, notes the coin’s price surge and congratulates VET investors.

Earlier, he predicted a possible rise of the coin and now tweets that his forecast has come true.

The VET community is actively discussing this price surge.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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Bitcoin Price Likely to Surge to $8,200 Before Surprising Bulls: Crypto Analyst

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  • Yuri Molchan
    📰 News

    A crypto analyst says that Bitcoin follows ‘standard crypto games’ and expects BTC price to surge to $8,200 before making a market reverse

Bitcoin Price Likely to Surge to $8,200 Before Surprising Bulls: Crypto Analyst
Cover image via 123rf.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Contents

After Bitcoin bulls reclaimed the $7,400 level earlier, the flagship currency is holding in the $7,500 area. A crypto analyst says that these are ‘standard crypto games’ – Bitcoin is likely to surge into the $8,000 area before plunging again.

Bulls, get ready to rock - $8,200 on the horizon

At press-time, Bitcoin is swapping hands at $7,544. For a long while prior to that the price was trading flat in the $7,200-$7,300 area.

However, on Friday, the Bitcoin price managed to recover to the $7,500 level.

BTC price CMC
Image via CoinMarketCap

The analyst @CryptoMichNL reckons that Bitcoin is following a standard pattern of the volatile crypto market and is going to please the bulls before giving them a nasty surprise of a bearish reversal.

‘Bitcoin halving is the main catalyst’

The next Bitcoin halving programmed by Satoshi Nakamoto, the Great and Terrible, is to happen in May 2020. Many in the community believe it to accelerate the Bitcoin price surge since miners have not priced it in.

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Doubts about the BTC halving impact

However, a co-founder of the Morgan Creek Digital Jason Williams, the less Twitter-active than his colleague Anthony Pompliano, reckons that the Bitcoin price is likely to dip after the halving. The thing is that miners are going to get twice as fewer BTC for each new block than now and many of them are going to have to sell their BTC to pay the bills.

Besides, chances are high that small mining pools will quit since mining will stop giving them enough profit.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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