MobileGo was able to establish a clearer direction against bitcoin and ethereum as it scored decent gains so far. Volume remains supported for both so investor interest is present.
MobileGo vs. Ethereum
MobileGo is up 8.08% versus ethereum as the latter seems vulnerable to the drop in activity stemming from China’s regulations. Following their ban on ICO funding, authorities have decided to shut down exchanges, leading to widespread liquidation among cryptocurrencies previously enjoying large volumes in the country.
MobileGo appears to be settling back sideways again as investors wait for the next batch of catalysts and how it might impact the industry. Volume is turning slightly lower but it’s only the start of the week and activity could pick up later on.
MobileGo vs. Bitcoin
MobileGo is also higher against bitcoin even as the latter got a strong boost from resurfacing tensions from North Korea. Following Trump’s remarks in the UN General Assembly, the foreign minister responded by claiming that the US has declared war on the hermit nation. He also threatened that they will strike US bomber planes down even if they’re not in North Korean airspace.
MobileGo is a dual-blockchain token that will “gamify” the GameCredits Mobile Store which currently has over 300 games from 150 different developers. The token is the first dual-blockchain asset ever issued, as users will be able to transfer it seamlessly between the ethereum and Waves blockchain.
This is achieved by using locked wallets and smart contracts that will be used to implement decentralized features on the GameCredits Mobile platform through ethereum and Waves.
MobileGo vs. USD
MobileGo could also advance against the dollar as FOMC officials are sharing more of their cautious views on tightening. Coupled with geopolitical risks stemming from North Korea, this could dampen the dollar’s gains as equities tumble.
Also, cryptocurrencies tend to enjoy more gains versus other asset classes during a risk-off market environment, so MobileGo could enjoy stronger demand if tensions keep escalating.