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Today’s Cryptocurrency Headline
Video game publisher Ubisoft is continuing to explore new frontiers for Web3, announcing today a partnership with The Sandbox, which will bring its famous gaming franchise to the Ethereum-based metaspace gaming world. Ubisoft will have its LAND in the shared online world of The Sandbox, which the company can customize and monetize on-demand. The publisher will launch an interactive space for its Rabbids franchise in The Sandbox. The publisher also plans to bring other IP from its sizable stable of popular gaming franchises. Ubisoft’s top video game IP includes Assassin’s Creed, Just Dance, Far Cry, and Tom Clancy’s Rainbow Six, although it hasn’t announced which additional IP will enter The Sandbox.
According to The Block Research, web traffic to cryptocurrency exchanges has declined for the third straight month. January’s web traffic reached 427.6 million, 8.3% lower than December’s web traffic. BTC price is almost flat over the past 24 hours, and spot trading volume is starting to rise. BTC has closed above the 20-day exponential moving average (EMA) ($40,822) for 5-consecutive days, and the relative strength index (RSI) is showing 64, which indicates we are almost entering the overbought zone. If the BTC price could stand above $48,000 in the short term, then the bearish trend could be reversed.
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