{"id":401148,"date":"2024-06-22T06:00:51","date_gmt":"2024-06-22T00:30:51","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=401148"},"modified":"2024-06-21T18:44:34","modified_gmt":"2024-06-21T13:14:34","slug":"all-about-konamis-resella-nft-platform-on-avalanche","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/all-about-konamis-resella-nft-platform-on-avalanche\/","title":{"rendered":"All about Konami\u2019s &#8216;Resella&#8217; NFT platform on Avalanche"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><em><span style=\"font-weight: 400;\">Konami and Avalanche collaborate to launch \u2018\u2019Resella\u2019\u2019 NFT platform.<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><em><span style=\"font-weight: 400;\">Metric suggest a potential price surge.<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Gaming giant Konami, creator of Metal Gear Solid, has partnered with <a href=\"https:\/\/ambcrypto.com\/predictions\/avalanche-2-price-prediction\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Avalanche [AVAX]<\/a> to develop a new NFT platform called &#8220;Resella.&#8221; This collaboration marks Konami\u2019s entry into blockchain and could spark the Avalanche adoption ecosystem.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Crypto analyst, Dan Johnson, <\/span><a href=\"https:\/\/x.com\/Real_DCJ\/status\/1803886287063257211\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">tweeted<\/span><\/a><span style=\"font-weight: 400;\"> that AVAX will expand after price consolidation. <\/span><span style=\"font-weight: 400;\">Konami&#8217;s massive user base could drive significant attention and new users to Avalanche&#8217;s network.\u00a0<\/span><\/p>\n<h2><strong>AVAX remains muted despite news<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Despite the bullish news, AVAX has stagnated in the short term.\u00a0 At press time, AVAX was trading at $27.76, down 1.1% in the last 24 hours. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The asset has broke down the support level at $29.22 on june 24 before retracing to the current levels. This suggest that the market is at a \u2018\u2019wait and see\u2019\u2019 point while investor are assessing the implications of Konami partnership.<\/span><\/p>\n<figure id=\"attachment_401151\" aria-describedby=\"caption-attachment-401151\" style=\"width: 1515px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/AVAXUSD_2024-06-21_11-30-10_5ac6e.png\"><img decoding=\"async\" class=\"wp-image-401151 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/AVAXUSD_2024-06-21_11-30-10_5ac6e.png\" alt=\"\" width=\"1515\" height=\"797\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/AVAXUSD_2024-06-21_11-30-10_5ac6e.png 1515w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/AVAXUSD_2024-06-21_11-30-10_5ac6e-300x158.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/AVAXUSD_2024-06-21_11-30-10_5ac6e-1024x539.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/AVAXUSD_2024-06-21_11-30-10_5ac6e-768x404.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/AVAXUSD_2024-06-21_11-30-10_5ac6e-1200x631.png 1200w\" sizes=\"(max-width: 1515px) 100vw, 1515px\" \/><\/a><figcaption id=\"caption-attachment-401151\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<h2><strong>Mixed signals from the on chain metrics<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">To assess the analyst prediction, AMBCrypto analysed the sentiments, social volume and development activity data.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The social volume data indicated significant fluctuations, with recent spikes likely tied to the announced Konami partnership. This may suggest higher market\u00a0 volatility in the short term.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The development activities indicated several spikes in recent days. Today\u2019s dinstint spike could be tied to the Konami announcement. This is a bullish market sentiment in the long run.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<figure id=\"attachment_401149\" aria-describedby=\"caption-attachment-401149\" style=\"width: 3840px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Avalanche-AVAX-11.20.03-21-Jun-2024.png\"><img decoding=\"async\" class=\"wp-image-401149 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Avalanche-AVAX-11.20.03-21-Jun-2024.png\" alt=\"\" width=\"3840\" height=\"1300\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Avalanche-AVAX-11.20.03-21-Jun-2024.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Avalanche-AVAX-11.20.03-21-Jun-2024-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Avalanche-AVAX-11.20.03-21-Jun-2024-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Avalanche-AVAX-11.20.03-21-Jun-2024-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Avalanche-AVAX-11.20.03-21-Jun-2024-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Avalanche-AVAX-11.20.03-21-Jun-2024-2048x693.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Avalanche-AVAX-11.20.03-21-Jun-2024-1200x406.png 1200w\" sizes=\"(max-width: 3840px) 100vw, 3840px\" \/><\/a><figcaption id=\"caption-attachment-401149\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<h2><strong>Bulls versus bears<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">We further analysed the long\/short ratio Coinglass data. According to the data, the long\/short ratio for Avalanche indicated 83.33% long positions against 16.12% short positions. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">This suggests that the bulls are in control of the market. This could be positively correlated with the Konami announcement-anticipation for a possible AVAX price surge continuation.<\/span><\/p>\n<figure id=\"attachment_401150\" aria-describedby=\"caption-attachment-401150\" style=\"width: 1241px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/AVAX-long_short-ratio-21.jpg\"><img decoding=\"async\" class=\"wp-image-401150 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/AVAX-long_short-ratio-21.jpg\" alt=\"\" width=\"1241\" height=\"294\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/AVAX-long_short-ratio-21.jpg 1241w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/AVAX-long_short-ratio-21-300x71.jpg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/AVAX-long_short-ratio-21-1024x243.jpg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/AVAX-long_short-ratio-21-768x182.jpg 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/AVAX-long_short-ratio-21-1200x284.jpg 1200w\" sizes=\"(max-width: 1241px) 100vw, 1241px\" \/><\/a><figcaption id=\"caption-attachment-401150\" class=\"wp-caption-text\">Source: Coinglass<\/figcaption><\/figure>\n<hr \/>\n<p style=\"text-align: center;\">Read <a href=\"https:\/\/ambcrypto.com\/predictions\/avalanche-2-price-prediction\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Avalanche\u2019s [AVAX] Price Prediction<\/a>\u00a02024-25<\/p>\n<hr \/>\n<h2><strong>What next for AVAX?<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">The analyzed market sentiment all signals a bullish rally, marrying with the analyst&#8217;s breakout potential phase. AVAX may surge to the $29.22 resistance zone and potentially break free to target at the $39.46 level.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, if the bullish momentum is not enough, the price could retrace the resistance zone and dip further.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>AVAX&#8217;s price failed to surge despite the key development announcement.<\/p>\n","protected":false},"author":93,"featured_media":401153,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,3,4,20],"tags":[],"class_list":["post-401148","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>All about Konami\u2019s &#039;Resella&#039; 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