Will $BLOK Rise or Tank In 2025? – Crypto News – Crypto News
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Will $BLOK Rise or Tank In 2025? Will $BLOK Rise or Tank In 2025?

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Will $BLOK Rise or Tank In 2025? – Crypto News

Published

1 year ago

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    Summary:

  • In this Bloktopia price prediction article, we assess the coin’s potential amidst reduced enthusiasm over the metaverse.

Bloktopia has been around for the last four years, but hasn’t quite lived up to its potential. At inception, the project was built around the metaverse ecosystem, but the hype around it seems to have cooled similarly to the metaverse. As it is not a meme coin, BLOK’s rise will depend on the attractiveness of its utility.

What is Blotopia?

The Bloktopia ecosystem pays homage to Bitcoin’s 21 million fixed BTC supply. It is a highly interactive immersive virtual reality skyscraper with 21 levels where players can participate in advanced learning about blockchain technology, solve puzzles, own virtual real estate, build networks, play games etc and get rewarded in BLOK coins. Participants can rent the NFT virtual real estate property acquired to other parties to use for advertising or hosting events.

While the Bloktopia ecosystem sounds fun and interactive, it has not struck the right chord with users. The underperformance is not project-specific, but mirrors the decline in interest around metaverse and NFTs across the globe.

A key barrier to entry in the metaverse ecosystem is the expensive equipment needed to offer immersive experiences. However, technological advancements could bring the cost down and help boost Bloktopia price and user numbers.

Bloktopia Price Prediction

This Bloktopia price prediction is based on its performance in the last year and recent momentum. The coin is down by 25.9% year-to-date and has lost 9.4% in the last week. Also, it trades below 50, 100 and 200 moving average levels on the daily chart. In addition, the 50-MA recently crossed above the 200-MA, confirming a bearish control of the market.

BLOK price will stay subdued if it it continues to face resistance at the Volume Weighted Moving Average (VWMA) level at $0.000575. That momentum will likely take the coin to the first support at $0.000482. An extended control by the sellers could extend the decline to the psychological support at $0.000400.

On the other hand, breaking above $0.000575 will create a pathway to move $BLOK price to $0.000690 at the 50-MA level. Beyond that point, the momentum could potentially test the second resistance at $0.000800.

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