COMBO: Unlocking the Potential of Web3 Gaming Through Scalability

Welcome back all 👋 

We've been scouring the market to identify high-potential crypto projects with explosive growth potential. Here’s what we got for you:

• A new GameFi Layer 2

• VC backing

• Reasons to Invest

• Price prediction

GAMEFI LAYER 2

Empowering Web3: Inside COMBO's Journey to Scale

With the introduction of blockchain technology and the rising need for decentralized apps, Web3 game development has gained momentum in recent years. Scalability, however, is among the most difficult issues that Web3 game producers must deal with. There are particular difficulties in developing decentralized games on the blockchain, such as sluggish transaction rates and expensive gas costs. Here’s where COMBO comes into play.

A Scalable Solution for a Thriving Market

For the creation of Web3 games, COMBO is a top supplier of scaling solutions. COMBO is creating an open-source, decentralized, widely-used Layer2 that is focused on games by utilizing the best game engine in the world.

Its Layer2 scaling solution connects game developers with the entire ecosystem in an effective, reasonably priced, and secure manner in order to leverage the potential of Web3 games.

This focus on scalability is crucial. COMBO's architecture directly addresses key challenges in Web3 game development, including:

• Scalability Limitations: COMBO empowers developers to create games that can handle a massive user base without sacrificing performance.

• High Transaction Costs: By utilizing Layer2 solutions, COMBO offers a cost-effective environment for both game development and user participation.

• Complex User Interfaces: COMBO simplifies the onboarding process, making Web3 gaming more accessible to a wider audience.

VC BACKING

Funds and Backers

Don't miss out on COMBO, the revolutionary platform slated to dominate Web3 gaming. Backed by industry giants like Multicoin Capital and Binance Labs, COMBO is building the infrastructure for a new era of scalable, accessible, and immersive blockchain games.

With the potential to bring over a billion gamers into the Web3 fold, COMBO presents a ground-floor opportunity for investors seeking to capitalize on the booming play-to-earn and metaverse markets.

REASONS TO INVEST

Why Invest in COMBO?

The gaming industry has long been a powerhouse, boasting substantial revenues and a dedicated global audience.

Statista estimates the global video game industry revenue at almost $347 billion USD in 2022, with mobile gaming generating the lion's share at an estimated $248 billion USD.

Fortune Business Insights: Values the global gaming market at USD 249.55 billion in 2022, with a projected growth to USD 665.77 billion by 2030, reflecting a Compound Annual Growth Rate (CAGR) of 13.1%.

As the digital landscape evolves, traditional gaming markets face increasing pressure from emerging sectors.

Web3 gaming, powered by blockchain technology, represents a seismic shift in the gaming landscape, poised to disrupt the status quo and redefine the gaming experience.

COMBO Network is well-positioned to capitalize on this expansion and establish itself as a market leader.

With strong partnerships and a dedicated team of seasoned developers. COMBO Network are committed to lowering the cost and increasing accessibility of Web3 gaming.

The COMBO Network is positioned to be a significant player in the Web3 gaming market thanks to agreements with leading game engines like unreal engine, Unity and Cocos Creator.

In addition to this, the community is a major factor in the platform’s success thanks to frequent upgrades and involvement from a community of investors, developers, and players.

PRICE PREDICTION

Tokenomics

Total Supply: There will be a fixed total supply of 100,000,000 COMBO tokens, regardless of how many blockchains the network expands to. This ensures that COMBO can be used across all chains, with a maximum circulation of 100 million tokens. Any remaining tokens are allocated for future cross-chain functionalities.

Community Allocation: A significant portion of the unallocated tokens is reserved to reward community participation. Community members can earn rewards based on their contributions to the network, including metrics like Total Value Locked (TVL), transaction volume, daily activity, and other relevant factors. These incentive programs will be launched after the mainnet goes live.

PRICE PREDICTION

Weekly Price action

COMBO is making higher lows on the weekly price chart with most trading and accumulation occurring at approximately $0.64.

As COMBO is relatively new its best we look at the Daily price action to get a better look at where we can look to enter.

Daily Price action

We can now clearly see that COMBO is in a down trend.

This is indicated by the break of structure.

Taking a Fibonacci retracement we can see that the 61.8% retracement is a good level for us to look to start accumulating as it is where majority of the accumulation has occurred. This is depicted by the point of control line in red.

If combo does retrace down to this level we can expect it to supported by the Wyckoff check seen below

So is it still retracing?

Momentum indicators

Relative Strength Index (RSI)

The RSI clearly depicts a down trend, this is displayed by the confirmed market structure M that has formed through the 50 line (white line)

Mover average convergence divergence (MACD)

The recent dip was initiated by the confirmed bearish divergence on the MACD as seen below.

Often when we see the following occur on the MACD

There are two possible scenarios that can play out

1. The market continues to trend lower

2. A violent reversal

In order to ascertain which of these possibilities might occur we must zoom into a lower time frame.

Below is the 9h chart.

As we are getting bullish divergence on the 9h we can thus assume that a retracement lower than 50% is improbably.

As such we should look to enter on a retracement of the recent trend.

Optimal Entry

The optimal entry for COMBO as such will be approximately $0.85.

Our stop loss orders must be placed below accumulation zone seen below.

Applying our bifurcation algorithm, we can expect COMBO, once it breaks out of its recent resistance, to reach approximately $1.8.

This gives us a 4:1 risk to reward.

With a expected gain of 100%

The next bifurcation target is at approximately $3

This is a gain of 250% from our ideal entry.

Please keep in mind this position should make up 0.5% - 1% of your portfolio allocation.

Tell us what you think 👇️ 

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.