3 Meme Coins To Watch In The Second Week Of July

GoMining has introduced a competitive gaming league that ties real-world Bitcoin mining to clan-based competition. 

According to the project’s claims, Miner Wars now hosts more than 245,000 active Bitcoin miners and distributes a prize pool of 1 BTC every day. 

Gamifying Bitcoin Mining 

The new league builds on GoMining’s global infrastructure, which includes nine data centers and a combined capacity of 7.5 M TH/s. The game leverages established connections with leading US mining providers without relying on third-party facilities.

At its core, Miner Wars uses digital miners—tradeable NFTs that represent a share of GoMining’s industrial-scale hardware. 

Purchasing a digital miner allows users to commit terahashes to GoMining’s pools and receive proportional rewards when the network mines a new block. 

Those same NFTs serve as entry keys for Miner Wars rounds, which run 120–150 times daily. Each round mirrors Bitcoin’s block-creation protocol. When a new block appears on the blockchain, its hash determines the winning clan.

“Positioned at the intersection of digital mining and GameFi, Miner Wars has found a welcoming niche with a loyal and stable audience. It serves as a cross-platform gateway for the mining newcomers,” Mark Zalan, CEO of GoMining, told BeInCrypto. 

Clans that commit more terahashes have higher odds of securing the day’s Bitcoin reward, while in-game purchases and boosts add GOMINING token rewards and tactical variety. 

The GOMINING token was launched in 2022 as GMT, but later rebranded in 2023. After the new ‘clan league’ feature announcement today, GOMINING went up nearly 10%. Its daily trading volume also surged by nearly 35%, according to CoinMarketCap. 

Since its launch in September 2024, the game has attracted over 165,000 unique players and generated more than $58,000 in in-game purchases. 

Can Gamification Make Mining More Accessible? 

Crypto mining has always been a challenge for non-sophisticated and non-technical individuals. It’s always seen as a niche reserved for a specific community. 

However, gamifying Bitcoin mining transforms passive operations into interactive experiences that boost engagement and broaden participation.

Gamified platforms can decentralize mining by attracting diverse participants and encouraging broader hash-power distribution. They also serve educational purposes, teaching newcomers about mining economics and network dynamics through hands-on competition. 

As Web3 games are booming and attracting investor attention, gamification can democratize access to mining returns. 

The post GoMining is Turning Bitcoin Mining into League-based Competitive Gaming appeared first on BeInCrypto.

Pi Network plunged by double digits over the past week, even as the broader crypto market shows signs of recovery. The altcoin’s market cap dropped to $4.1 billion, as PI continues to see intense selling pressure.

With bearish pressure intensifying, the token could soon revisit its all-time low near $0.40.

PI Risks Deeper Drop

Despite some strength across the broader market, investor sentiment toward PI remains weak, with technical indicators suggesting that its price decline could continue.

The Relative Strength Index (RSI), a key momentum indicator that tracks an asset’s overbought and oversold market conditions, continues to drop, indicating falling demand and growing selling pressure.

At press time, PI’s RSI is in a downtrend at 39.78. This RSI reading indicates weakening momentum and positions the token just above oversold territory, suggesting continued selling pressure could trigger further losses.

Furthermore, Pi Network’s on-balance volume (OBV) has also decreased, pointing to declining accumulation and reduced buyer interest. This indicator is at -1.26 billion at press time, falling by 15% in the past week.

The OBV measures buying and selling pressure by tracking volume flow relative to price movements. When OBV falls like this, more volume is tied to selling than buying. This indicates weakening investor confidence and potential for further price declines.

PI Token Risks Retesting All-Time Low

PI’s plummeting Chaikin Money Flow (CMF) supports the bearish outlook above. At press time, this indicator, which tracks how money flows into and out of an asset, is below the zero line at -0.15.

This negative reading reflects the strength of the sell-side pressure in the PI spot markets. If this trend persists, PI could revisit its all-time low of $0.40.

However, a bullish reversal in the current trend could propel PI’s price to $1.01.

The post Pi Network (PI) Sinks 10% in a Week, Bears Eye All-Time Low appeared first on BeInCrypto.