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April 23, 2024

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GameOn

Chart Attack: GameOn (GET.C) Sees Most Traded Volume Ever on NFT Chibi News!

GameOn (GET.C) powers the most-watched content in the world with the most innovative fan engagement technologies. The company provides broadcasters, TV networks, OTT platforms, leagues, tournaments and sportsbooks with interactive, social experiences around sports, television and live events.  The goal is to create an interactive experience and rewards to gain retention and viewership for content-owners.

GameOn does white labelling with several partners in sports and entertainment, effectively bringing gamification to the home screen while you watch the big games, giving audiences a chance to make friendly wagers on everything from the Real Housewives of the Potomac to who will win the local cricket game. Fans of NFTs pay attention: prospects have recently been enhanced by the addition of its NFT integration profile, in collaboration with Blockparty, which leverages non-fungible tokens as in-game rewards.

Joseph Morton discussed the recent news of NFT Chibi Basketball players. Here are some excerpts from his article:

The partnership will put the Chibi Dinos in the game using GameOn’s NFT Prediction Game. The deal means USD$120,000 in revenue with an expected profit of 80%. It also includes a 50% revenue share of primary and secondary sales of at least one new NFT drop related to the Chibi Dinos NFT Prediction Game.

Chibi Dinos are dressed in dinosaur suits and in the jersey of 10 basketball teams, and are all backed by current and former NBA players. These include Michael Carter-Williams, Kendrick Perkins and R.J.Hampton, who also serve as team captains.

If you were otherwise looking to get in on acquiring some Chibi Dinos for yourself, they’re all sold out. They sold out in 18 minutes on August 20 when they were minted, priced at 0.06 Ethereum (ETH). The collectibles can now be found on OpenSea, which is a peer-to-peer NFT marketplace, and they’ve pulled in more than $1 billion sales to date.

GameOn’s NFT Predictor was originally launched in July, it was led by Santiago Jaramilo, a former head of sports at Dapper Labs (responsible for NBA Top Shot). It gives fans of rights holders who partner with GameOn to build up their collection by getting more NFTs in either image, video or audio format, by buying through drops or a third-party marketplace.

We covered GameOn back in late August as our featured idea of the day. A lot of press releases have dropped since then.

The most recent news is a partnership with TiiCKER, the world’s first direct-to-shareholder loyalty and engagement platform. TiiCKER’s innovative approach to rewarding shareholder loyalty grants unprecedented access to perks, commission-free trading and customized content unique to their investment interests and brands they love. TiiCKER verifies ownership on behalf of the company and offers new ways to connect, engage and reward their investors. Companies leveraging the TiiCKER platform include Disney and Ford.

“GameOn is proud to provide tremendous value to not only B2B partners, but also shareholders,” said GameOn CEO, Matt Bailey. “People are at the core of who we are and what we do. Our partnership with TiiCKER allows us to reward retail investors, thanking them for their loyalty through exclusive perks and VIP events.”

GameOn’s Cricket predictor games with MX Player and Willow TV officially went live for the International Cricket Council (ICC) men’s T20 World Cup. MX Player app for Indian downloads, and Willow TV for North America. By correctly predicting scores and events that occur during the tournament, fans move up the leaderboard, and by the match’s end, the top-ranked players earn status, recognition and rewards including subscriptions, merchandise and cash. Readers probably know how popular Cricket is in India, but the sport is one of the most watched sport in the world. For more details, Lukas Kane has reported on this Cricket deal here, and Joseph Morton covered it here.

Onto the technicals. And we have something we like to call a basing pattern. All markets move in three ways: downtrend, range and an uptrend. Currently we are in the range portion, and investors are hoping for a breakout to the upside to trigger a new uptrend. The last time I covered the stock was back in late August 2021.

We were watching for a support bounce at $0.25. We got that, and have developed better resistance levels to work with for a breakout trigger.

Here is the chart on Yahoo Finance.

 

I want to share this because you can clearly see the resistance/flip zone at $0.40. But I also want to bring your attention to volume on the 13th of October. 623,921 shares traded on the day the NFT Chibi news came out. Going back through their historical data, it was the most shares traded for the stock. Recently, the stock has been seeing some nice volume coming in. The question is was it an NFT hype entry? Or is someone accumulating?

For me, the key test will be the breakout above $0.40. That’s when the technical traders will spot a breakout, and the momentum can tell us a lot about what the market thinks about the stock.

TradingView Chart

I have my tradingview chart so you can see the levels clearly. Just ignore the price action to the left. The big gap up has nothing to do with GameOn. The company began trading using GET at $0.91 on June 1st 2021.

Things are looking exciting, and I am keeping this company on my radar. The technicals are too good. I love these long ranges, because when a breakout happens, the move tends to rip on momentum. A good example of this type of market structure is Shiba Inu. Maybe a longer ranger, but the same type of set up as GameOn. A downtrend, then a range with a breakout and a massive rip. Obviously, Shiba Inu has Elon Musk and the retail crown behind it, but breakout traders like any breakouts they see as long as the stock sees good volume.

 

 

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