Beware of being trapped? ACE surged significantly due to favorable news from the platform, but the concentration of chips is high

Author: DeMan

On January 24, the well-known blockchain game development platform Fusionist officially announced on platform X that they are about to launch a new pixel-style MOBA blockchain game—ACE Arena. According to market data, the price of Fusionist's token ACE reached a high of $9.284 in a short period, although it has since retreated and is currently stable at $8.8352, its 24-hour increase remains as high as 8.95%.

In the following text, we will explore the recent developments of Fusionist and provide a brief introduction to the ACE Arena project based on existing information.

Detailed Analysis of Fusionist: $6.6 Million Funding from Binance and Others, Launching Its Own Public Chain Endurance

First, let's review the Fusionist project, which has continued to attract attention throughout 2023.

Fusionist is a blockchain game ecosystem Dapp, with its mainnet Endurance officially launched in early February 2023. On its first day, it acquired 58,700 addresses, with transaction volume exceeding 214,700, and visits surpassing 150 million. It is reported that Endurance is a mainnet aimed at gaming and social interaction, dedicated to providing infrastructure for players and developers, created to accommodate millions of players and users.

In June, Fusionist announced it had secured $6.6 million in funding, led by Binance Labs and FunPlus. In December, the project token ACE was listed on OKX Jumpstart and Binance's new token mining section, attracting a large number of investors.

It is important to clarify that Fusionist is not just a blockchain game; it is a project that combines gaming and social infrastructure, featuring a public chain network called Endurance. Endurance provides users with various gaming and social options (such as expeditions, auctions, ACE domain, beta testing, etc.), allowing all participants to comfortably find their own ways to play, socialize, and earn money.

Fusionist's game is positioned as a AAA game in the Web3 space, integrating elements of simulation management, turn-based combat, and SLG gameplay. The game utilizes Unity and HDRP technology to provide all users with high-quality products and engaging gaming experiences. Unlike the previous neglect of blockchain games by player communities, this blockchain game has already attracted some attention in the gaming market, with even Unity officially praising its technology.

Introduction to ACE Arena Gameplay: 4 MOBA Modes and Over 50 Characters

The launch of ACE Arena marks an important advancement in the web-based MOBA gaming field. This game offers players a brand-new multiplayer online competitive experience with its unique pixel style and support from Unity technology.

In ACE Arena, the $ACE token plays a core role. Players' performance and achievements in the game will directly translate into $ACE tokens, which not only have significant uses within the game but can also be exchanged for various rewards at partners within the Endurance ecosystem, providing players with more opportunities outside the game.

The game itself offers four different MOBA modes, each with its own characteristics and strategies. Additionally, there are over 50 characters in the game, each with unique skills and backstories, providing players with a wide range of choices and a deep gaming experience.

ACE Arena adopts a P2E (Play to Earn) model, which has been widely adopted in the current gaming market. In this model, players can earn real economic rewards through gaming activities.

Moreover, players of ACE Arena will also gain exclusive access to an upcoming project from Fusionist. This project combines artificial intelligence, gaming, and user-generated content (UGC), aiming to provide players with a richer and more interactive gaming environment while enhancing the value of the $ACE token. This strategy demonstrates Fusionist's attention to trends in the gaming industry and suggests that ACE Arena may carve out a niche in the market.

ACE Token Price Draws Attention Again, but Timing for Entry Requires Careful Consideration

After the launch of ACE Arena, the market's reaction to the ACE token has drawn attention. The distribution of ACE tokens shows a certain concentration trend, with a large number of tokens held by the project team and investors. Notably, early equity investors hold 15.38% of the circulating supply, and among the traceable addresses on BSC, Binance addresses account for as much as 90%, which could become a significant selling factor in the market.

Since its listing, the ACE token has exhibited extreme volatility in price trends, showing significant spikes and drops. The current spot trading volume is relatively low, but based on the outflow from Binance wallet addresses and inflow to the second-largest holding address, the market seems to be actively adjusting its positions. Data from the contract market indicates that the spot market is tightening, with recent trading volumes declining; however, the increase in long positions and a high long-short ratio suggest a strong bullish sentiment overall.

The launch of ACE Arena, especially as a popular token in the gaming sector, has brought new vitality to the market. Currently, the price of ACE is around $8.8585, and combined with the updates and launches of the game and the overall market's trend of halting declines, it provides investors with an opportunity to enter the market. Some market observers suggest investing around the current price, with a target price range of $13.5 to $15.

The long-term market performance of ACE Arena still needs to be observed. With the official operation of the game and feedback from the player community, the market dynamics of the ACE token may undergo new changes. Therefore, for those interested in investing, closely monitoring the developments of ACE Arena and market reactions is crucial for making more informed decisions.