Ethereum
ZOGI Token launches on Cronos and BNB Chain, Ethereum With Revolutionary Wrapper
sponsored
Dubai, December 9th – Zogi Labs, a pioneering crypto company & gaming studio famously known for the BEZOGE token and the up-and-coming crypto-based MMORPG, The Legends of Bezogia today launches their new ZOGI token on Cronos, BNB Chain & Ethereum. The ZOGI token, a wrap version of the primary BEZOGE token that is optimized for Zogi Labs’ decentralized ecosystem, is available on Cronos, BNB Chain & Ethereum. From day one of launch, ZOGI will be available on Cronos, BNB Chain & Ethereum, rapidly boosting the exposure of the token which can now be wrapped and moved between chains instantly, with very low gas fees using the upcoming Zogi Bridge.
“With the launch of ZOGI on Cronos, BNB Chain & Ethereum, we’re taking our native token BEZOGE to the next level by allowing users to wrap their BEZOGE into ZOGI and bridge it quickly and securely between chains. ZOGI expands our ecosystem to multiple chains, and we expect to see massive growth and exposure, giving our dedicated community the flexibility they need to increase the utility of their BEZOGE & ZOGI tokens.” Steve Murray, CEO, Zogi Labs
Wrap & bridge in Zogi Hub
The Zogi Hub acts as a portal for everything Zogi. Users will have access to all Zogi products through the decentralized application. The Wrapper and Bridge are available first.
Wrapping allows BEZOGE holders to wrap their tokens into ZOGI at a 1 to 1 billion ratio. ZOGI can then be bridged to one of the new chains (Cronos / Ethereum / BNB Chain) using the fast & secure Zogi Bridge. This bridge was developed in-house, giving Zogi holders complete control over the bridging process. It maximizes security and transparency with each transaction and allows customers to bridge between chains in one click.
Why ZOGI is good for BEZOGE holders
The launch of ZOGI gives current and new BEZOGE holders the flexibility to hold their tokens on three different chains, as opposed to just one. With the goal of being chain agnostic, multi-chain ZOGI presents holders with the following benefits:
- Lower gas fees.
- Enhanced flexibility.
- Access to new ecosystems, each chain has its own unique user base.
- More chains to be supported in the near future.
The only way to mint ZOGI is by locking BEZOGE into the wrapping contract, ZOGI can also be unwrapped at the same rate so that users can reap the benefits of both tokens.
Learn more about how ZOGI works by reading the full whitepaper.
Click to buy ZOGI on BNB Chain
For more information on Zogi Labs please visit http://www.zogilabs.io.
Press Contact
press@bezoge.com / Malcolm Russell
###
About Zogi Labs Ltd.:
Founded in 2021, Zogi Labs Ltd, previously known as Bezoge Earth, under the game title of The Legends of Bezogia is an emerging cross-platform MMORPG play & earn blockchain game, available in beta on PC, with support for iOS and Android devices coming soon.
This is a sponsored post. Learn how to reach our audience here. Read disclaimer below.
Media
Bitcoin.com is your best source for all things crypto-related.
For press releases, sponsored posts, podcasts, and other options, contact the Media team at ads@bitcoin.com.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. This article is not intended to be a solicitation or offer to buy or sell any products or services. Bitcoin.com does not provide investment, tax, legal, or accounting advice. The author and the company are not responsible for any loss or damage resulting from or in connection to the content, goods, or services discussed in this article.
Ethereum
Ethereum Foundation Sets Up Multisig Wallet for Defi Participation
Ethereum
Ethereum Price Analysis: This Support Is Crucial for Ethereum to Reach $4K
Ethereum is grappling with a decisive support range between the 100-day MA ($3.2K) and the 200-day MA ($3K), a critical region serving as the buyers’ last line of defense.
The outcome at this level is expected to shape Ethereum’s mid-term trajectory.
Technical Analysis
By Shayan
The Daily Chart
ETH recently encountered heightened volatility as it approached the significant $3.2K-$3K price range, reflecting an intense battle between buyers and sellers. The price action highlights sellers’ attempts to push the asset below these key moving averages, signaling a potential bearish breakdown.
Currently, Ethereum is finding temporary support within this range, with the price confined between the $3.2K level and the bullish flag’s upper boundary. A decisive breakout in either direction is likely to determine the next major trend for Ethereum.
The 4-Hour Chart
On the 4-hour chart, Ethereum consolidated near the 0.5 ($3.2K) and 0.618 ($3K) Fibonacci retracement levels before briefly breaking below this critical support zone. However, strong buying interest quickly drove the asset back above the $3.2K mark.
This region remains pivotal as it represents the final primary support zone for buyers. A sustained hold above the $3.2K level could reignite bullish momentum, targeting a recovery toward higher resistance lines.
Conversely, a breakdown below this range could trigger liquidations, potentially driving the price toward the $2.5K support zone. For now, Ethereum is consolidating near this critical region, with a battle between buyers and sellers dictating the market’s next move.
Onchain Analysis
By Shayan
The Binance liquidation heatmap provides insights into key levels where significant liquidation events are likely. Based on the clustering of liquidation levels for long and short positions, these levels often act as magnets, driving price action toward them as market participants aim to capture liquidity.
During the recent shake-off, Ethereum grabbed liquidity at the $3K mark, resulting in a sharp price recovery. A notable cluster of wrecked levels still exists just below the critical $3K support, representing long-position liquidations. This makes the $3K area highly attractive to bears and institutional sellers, increasing the probability of a bearish breakout toward these levels in the mid-term.
However, a significant liquidity pool also rests at the $4K threshold, marking a potential ultimate target for buyers. However, it is likely that the price may grab liquidity below $3K first, creating a shakeout phase before resuming a bullish trajectory toward $4K. While Ethereum’s current price action reflects consolidation, the $3K level remains pivotal. A bearish breakout to capture liquidity below $3K is plausible in the short-to-mid term.
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Cryptocurrency charts by TradingView.
Ethereum
Ethereum Slips Further Behind as Competitors Steal the Spotlight
-
Bitcoin3 years agoDigital Currency Group wraps up $600 million debt capital raise
-
NFT3 years agoDRepublic launches a combined NFT platform, ‘MetaCore’ Using EIP-364
-
Bitcoin3 years agoSalvadoran Ecologist Claims Nayib Bukele’s Volcano-Powered Bitcoin Mine Will End in Environmental Disaster’
-
Bitcoin3 years agoWhere to buy Dogelon Mars after falling 15% on Thursday
-
Bitcoin3 years agoAre you a Star Atlas fan?
-
Bitcoin3 years agoAstra Protocol provides identity protection for The Sandbox users
-
Bitcoin3 years agoIndian Government Answers Questions about Bitcoin Transactions, Karnataka Scam and Legality of Crypto Trading
-
Ethereum3 years agoEthereum prices skyrocket but Ether Gas Fees surge, fueling costly transfers