Home
News
- 1 Chonk Finance aims to disrupt the anime and manga industry by empowering artists and enthusiasts with a new, different way of creating and enjoying digital art.
- 2 Empire’s vision is to unify the DeFi space and overcome the challenges that the crypto industry faces.
Empire’s vision is to unify the DeFi space and overcome the challenges that the crypto industry faces. They want to attract more users to DeFi by offering a simple and user-friendly interface for all their DeFi needs.
Similarly, they are building a platform with all the necessary applications to access the DeFi world, without compromising on decentralization. To achieve this, we plan to develop applications, tools, and APIs, and integrate them into the expanding Empire ecosystem.
Furthermore, the Empire token is a deflationary token that can be used across all Empire Ecosystem applications. To make this possible, they have created and launched dApps and to promote the use of Empire Token throughout the ecosystem.
In essence, they have leveraged the deflationary feature of their token along with rewards and automatic dividends for their user base, which the EMPIRE calls “reflections” for holding the token to maintain their ecosystem’s health.
They also have an inherent function of their smart contract to supply liquidity for the token, which is explained in its official whitepaper.
In addition, their tokenomics were crafted for optimal resource management in various market situations, as well as to support the creation and deployment of products and services of the Empire Ecosystem on different blockchains.
Technical Analysis Over Daily Chart Of EMPIRE Token
EMPIRE plummeted by 10.88% in trading volume over the tradeable platforms in the last 24 hours, as per CoinMarketCap. Its market value is $567,931 and its trading volume is $35,873.86. There are 857.87 Million self-claimed EMPIRE tokens in circulation and the maximum supply is 1 Billion tokens.
The EMPIRE/WETH price action over the daily chart is showing sustenance signs at the $0.0006328 price level and looks geared for an enormous surge in the coming sessions. The MACD and RSI confirm the bullish scenario as well.
If the demand increases, the EMPIRE token price could bounce back strongly from the current level. The next goal for the price could be to reach a supply level, with resistance from $0.0011011. On the flip side, if the EMPIRE/WETH crypto price fails to stay above the $0.0006328 level, it could deteriorate further.
About Chonk Token (Chonk Finance)
Chonk Finance authorizes users to collect and trade digital cards featuring chonky cats inspired by Japanese manga art. Users can buy, sell, and trade their cards on the website or on OpenSea, a popular NFT marketplace.
Chonk Finance also presents several games and qualities for its users, such as Fishing, GachaCHONK, and Rewards Hub. In addition, Chonk Finance aims to disrupt the anime and manga industry by empowering artists and enthusiasts with a new way of creating and enjoying digital art.
The website collaborates with talented artists from around the world, such as Jorden Oliwa, a renowned animator who worked on Gorillaz, Lego, and Courage the Cowardly Dog. Chonk Finance also plans to launch a curated NFT marketplace and a club platform for tier benefits in the future.
Summary
Empire is a DeFi platform that offers a simple interface, a deflationary token, and various applications, tools, and APIs. Chonk Finance is a NFT platform that features chonky cat cards, games, and rewards. Both platforms aim to disrupt their respective industries by collaborating with artists and innovators. Moreover, the EMPIRE/WETH price action over the daily chart is showing sustenance signs. The MACD and RSI are confirming the bullishness.
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
