#PolkadotRevolution
### Current Market Overview:
- Price: $0.3182, with a slight decrease of -0.28%.
- 24h High/Low: $0.3253 / $0.3123, indicating a relatively narrow trading range.
- Moving Averages (MA):
- MA(5): 16,472.5799
- MA(10): 22,639.9899
- MA(60): 0.3180, which seems close to the current price, suggesting it may act as resistance or support depending on the price movement.
### Trend and Support/Resistance Analysis:
- Resistance: The 24-hour high at $0.3253 could act as a short-term resistance level.
- Support: The 24-hour low at $0.3123 is a potential support level.
- Moving Averages (MA) are relatively close to the current price, suggesting that the price may remain range-bound in the short term.
### Entry and Exit Points:
1. Long Entry (Buy):
- Entry: Consider entering around the support level at $0.3123 if it holds, as this level might indicate buying pressure.
- Take Profit (TP): Set a target around $0.3253 or slightly above if the price has a strong upward momentum.
- Stop Loss (SL): Place a stop loss slightly below $0.3123 to manage risk in case of a downward breakout.
2. Short Entry (Sell):
- Entry: Consider shorting near the resistance level around $0.3253 if there is selling pressure.
- Take Profit (TP): Aim for a target around $0.3123 or slightly above to capitalize on a downward move.
- Stop Loss (SL): Place a stop loss just above $0.3253 to minimize risk in case of an upward breakout.
### Trade Duration:
- Since the chart shows short time frames like 15 minutes and 1 hour, these trades are suited for intraday trading or short-term swings. Monitor price closely, especially around support and resistance levels.
### Plan If the Trade Goes Against You:
- Long Position: If the support level ($0.3123) breaks, consider closing your long position, as it may indicate a stronger downward trend.
- Short Position: If the price breaks above the resistance level ($0.3253), close the short to avoid further losses.

### Risk Management:
- Keep the risk-reward ratio in mind, ideally 1:2 or higher.
- Consider using trailing stop-losses to lock in profits if the trade moves favorably.
For a more accurate analysis, consider also looking at indicators like Relative Strength Index (RSI) and MACD to confirm momentum before entering trades. Let me know if you want further analysis with additional indicators.
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$POL

Cardano’s move to the Voltaire era was met with a cryptic congratulatory message from rival blockchain Polkadot.

Read more on: https://thecryptobasic.com/2024/09/04/polkadot-welcomes-cardano-to-on-chain-governance-after-chang-hard-fork/
#CardanoSurCardanoSurge #PolkadotRevolution #Crypto #CryptoNewsCommunity #CryptoNews🚀🔥V

Direction Change: Myths Game from Ethereum to Polkadot, including a new web3 game platform 'Mythos'. Mythos would allow gaming partners to help build one another's chains and, in general, build the largest, best-interconnected gaming ecosystem in Web3.
While Mythical was a huge hit on the Ethereum chain, which boasted 650,000 active users with over 2 million hot downloads, popular gaming titles like NFL Rivals and Blankos Block Party have since migrated over to Polkadot because it has better scalable performance attributes.
A hard, yet successful decision
John Linden, Mythical’s CEO, confirms this in the company’s blog post, saying, “The decision to leave the Ethereum ecosystem stems from a combination of issues surrounding relatively slow transaction speeds, even with L2 roll-ups, that would ultimately hinder our scaling plans with our new games this year.”
It will happen to coincide with Polkadot's soon-to-release "2.0" upgrade, parallel to the international release of NFL Rivals-a first NFL-licensed blockchain game co-created by Mythical.
About Mythical Games
Mythical Games is a blockchain technology company, a leader in game development, creating a platform. It was founded in 2018. The already famous "NFL Rivals" game gained in just several weeks more than 1 million downloads on AppStore. It now consists of over 4.2 million players.
At Mythical Games, they believe in democratizing the industry for gamers and creators alike. Leading the charge in funding, production, and distribution of games, tokens, and blockchain technology, Mythos aims to lower the barriers to entry for creative game makers than ever before. Empower developers to build vibrant play-to-own economies that spur an expansion of Web3 interactive experiences reaching a broad audience like never before.
Mythos Parachain Project
The development and deployment of the Mythos parachain is a broad infrastructural work that ranges from state migration from another blockchain, testnet launches like Rococo, Paseo, integration with Snowbridge to bring over the MYTH token from Ethereum, configuration of the Mythos chain to use EVM account format, integration with the Asset Hub and Hydration, establishment of the liquidity pools, and tooling for data migration and indexing on the chain.
The Mythos timeline
July 30, 2024
On July 30, 2024, the Mythos marketplace was successfully transferred from the old private chain to the Mythos parachain, signaling the formal debut of Mythos on Polkadot. Every aspect of the project was rigorously supervised by Mythical Games, Parity, and BlockDeep. The following are some of the important highlights and milestones of the development path.
March 1, 2024
On March 1, 2024, a basic parachain node was deployed on a chain with balances and NFTs pallets on Rococo. The chain was also set up to use EVM accounts natively on Substrate for backward compatibility.
March 22, 2024
The Mythical Games team and the Parity DevOps team accomplished deploying the first parachain on the Polkadot mainnet with the balances pallet. This is the parachain using the parachain slot so it is producing blocks. The basic functionality of the chain was not deployed as of now because it is still being developed.
April/May 2024
Marked the completion of the intensive design of the process and prepared the marketplace pallets for Mythical to the requested standards. The marketplace logic was developed using bespoke functionality and parts from the old Mythical chain, including smart contracts. Furthermore, various optimizations have been developed to seamlessly integrate the marketplace with other Substrate pallets (NFTs, Balances, Proxy, etc.).
May 2024
XCM channel capability was integrated into the Mythos chain with Hydration and Asset Hub. The inclusion of Hydration was necessary to be able to build a DOT/MYTH pool in completion of the mainnet launch. Additionally, a channel for Asset Hub was necessary for Snowbridge interaction with the Mythos chain.
June 2024
The Snowfork team entered as technical partners for Mythical Games and integrated and tested the XCM. For this purpose, an exclusive XCM adaptor was developed for the Mythos chain to bridge it to Snowbridge through Asset Hub. The MYTH bridging from Ethereum was fully working by the prudent plan, and Snowbridge went live successfully on June 20.
Next followed the logic and technology required to transfer the old chain state onto the Mythos parachain. This meant a custom pallet for minting NFTs, the marketplace data with the same identities and owners as the old chain—it thus involved building a client-side script that went over old chain snapshots, grabbing this data, and writing it to the new parachain.
July 2024
The Marketplace is extensively tested with State Migration of some kind in advance to fine-tune the parachain logic and migratory tooling with the kind of precision that a test network requires before actually doing this on the mainnet in the preparation phase of a real mainnet launch.
30 July 2024
Mainnet from Imaginative Games in cooperation with Mythical Games; at last opened the possibility of the state migration to the Mythos parachain on Polkadot. Mythos finally greatly did well on the mainnet launch.
And NFT record
The team then minted over 3 million NFTs and moved more than 800,000 accounts on-chain in 6 hours toward the capturing process. That was just an example of what enormous transaction volumes Polkadot will be stalwart with after this move.
Moving forward, the team will proceed with the project's upcoming milestones. Currently, they will be working on Governance features, Indexers as well as Technical Assistance.
On the collaboration, Cameron Thacker, Co-Founder and VP at Mythical Games said:
“Collaborating with BlockDeep has been a great experience. Their ability to consistently meet deadlines and exceed expectations while maintaining the flexibility to adapt to the inevitable changes along the way has been impressive. BlockDeep’s expertise was instrumental in bringing the Mythos parachain to life. This transition represents more than just a technical achievement, it’s a significant step towards our vision of creating a more open, accessible, and interconnected gaming ecosystem.”
In conclusion
It has been reported that this move by Mythical Games will introduce an entirely new trading experience to the players, furthering the support of the Web3 space through new and various social launching via gaming and cloud gaming.
So in the celebration of the migration of Mythical Games into the Polkadot ecosystem, the Mythos Foundation has just proposed a swap in the Polkadot Treasury: 1 million DOT for 20 million MYTH, where 15 million will be under the proposed management of the Polkadot community and 5 million from the aforementioned swap under the management of the Mythos Cayman Foundation for airdrop to further existing DOT holders, inviting them to partake in the wide ecosystem development next to the Mythical Games development.
Frequently asked questions
What is Mythos, and how does it position itself within the Web3 gaming ecosystem?
Mythos is to be constructed as a web3 game platform by Mythical Games. It is built to set up everything in one connected game ecosystem with high scalability and allow its gaming partners to combine forces with each other in building their chains—hence, making the Web3 game platform stronger and even more connected. Hopefully, this gives an impetus toward growth in gaming inside Web3, supported by scalable, effective tools for game creators to make one united gaming experience.
Why Mythical Games Migrated from Ethereum to Polkadot?
In turn, this slow processing across transactional times in Ethereum is the reason for moving towards the more developed Polkadot, while those available Layer 2 roll-ups are contradicted by the performance required. In return, Polkadot gives much greater scalability and performance reliability to perfectly meet growth aspirations and the pursuit of an expansive Web3 ecosystem for gaming.
What is the Mythos Parachain and how it works?
Mythos designs and deploys scalable, integrable blockchain for all intents and purposes over Polkadot. This parachain is built with tools and functionalities, from NFTs to balances and EVM accounts, to support compatibility with other systems of blockchains, including Ethereum. However, no matter how much the two may be intertwined at some point, finally, cross-chain communication mechanisms include XCM for effective asset transfer and Snowbridge to bridge assets between Ethereum and Polkadot.
#POLKADOTE #PolkadotRevolution #Mythos #MythicalGames