Latest crypto news on Chia, EOS and PKN

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What is happening in the crypto market and how does Chia (XCH), Eos (EOS) and Poken (PKN) work? Below is an analysis of current and future prices and the latest news.

Chia (XCH), Eos (EOS) and Poken (PKN) crypto analysis

Remember that Chia (XCH) is a crypto whose mining is based on the Proof Of Space consensus algorithm, i.e. the amount of disk space dedicated to it, and not on computing power.

EOS, on the other hand, is a blockchain platform designed with a very clear goal: to be a platform with trading capabilities. This means that it is capable of distributing decentralized applications (DApps), is highly scalable and can serve millions of concurrent users.

Finally, the Poken (PKN) cryptocurrency is the native token of the Pokmi merchant. This token is mainly intended to encourage actors and creators of adult content.

Chia Network launches an infrastructure for the CODE metaverse

Chia Network recently announced the launch of its Chia Open Digital Economy (“CODE”) framework, with initial goals to help the video game industry move towards a more open metaverse.

By providing a sustainable and compliant public blockchain infrastructure, CODE enables game developers to integrate their creative work into the Web3 digital economy, cultivating a thriving ecosystem for creators and consumers.

Chia’s proof-of-concept game, ChiaTCG, is leading the launch of the CODE framework. In particular, the open source benchmark set demonstrates the ease of extending digital assets across intellectual property and ecosystems.

It also provides a starting point for game developer adoption and commercial viability for developers using Chia’s NFT1 standard for IP license protection and on-chain royalties in perpetuity.

Using Chia’s offerings, direct player-to-player trading, without the need for a marketplace or exchange, mitigates risk and provides players with a digital ownership experience parallel to trading physical cards. Gene Hoffman, CEO and President of Chia Network, said:

The metaverse as it exists today is just a marketing ploy and loss leader for blockchains with little substance or utility. We address the challenge and pain of the metaverse, from both the creator and consumer experience, to revisit the foundations of the digital economy. We’ve been building on this momentum for some time: our blockchain and primitives provide real-world solutions to the challenges we’ve identified

Possible rebound for Crypto EOS? Comparison with Chia and PKN

Based on the latest data, we know that the price predictions for the EOS crypto favor bulls and suggest a long-term upside. Either way, the price of EOS appears to be stuck in a wide range between $0.950 and $1.300 and should soon break either side.

Currently, the price is near the low end of the range and the buyers are trying to defend the $0.950 level.

The EOS fell below 200 and the 50-day EMA turned bearish. Additionally, the volume of EOS cryptocurrency exchanges is trending lower, indicating that fewer participants are active and the price may be entering a consolidation.

The price of EOS is currently trading at $1.024 with an intraday decline of -0.78%. The 24-hour volume to market cap ratio is 0.0808. The EOS/BTC pair is trading at 0.0000350 with an intraday decline of -1.69%.

It should also be noted that in early March, EOS hit resistance at $1,300 and pulled back.

It then crashed with great momentum, erasing the gains made in February. The fall was halted at $0.950 and the buyers rallied slightly from the support.

Focus on the price of the crypto PKN

Poken (PKN) price today is $0.00149655, with a 24-hour trading volume of $36,972. This represents an increase of 0.02% in the price in the last 24 hours and an increase of 1.17% in the last 7 days.

The daily volume of Poken (PKN) for the past 24 hours was $36,971.92, an increase of 47.90% from the previous day, indicating a recent increase in market activity.

However, the highest price paid for Poken (PKN) is USD 0.077479, which was recorded in December 2021.

In comparison, the current price is -98.07% below the all-time high.

In contrast, the low for Poken (PKN) is $0.00123677, reached in October 2022. In comparison, the current price is 20.98% higher than the all-time low.

With a price increase of 1.20% in the last 7 days, Poken (PKN) is outperforming the global cryptocurrency market, which is down -1.90%, while outperforming similar currencies in the BNB chain ecosystem, which are up 1.00%.

Thus, the community is bullish with positive market sentiment as more than 100% of users are bullish on Poken (PKN).

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