Given the number of pop-culture-themed cryptocurrencies on the market, it was only a matter of time before someone released a COVID-19-themed token that’s been the talk of the world. Covid SliceThis is exactly what happened with the emergence of . Let’s all take a closer look at the Covid Slice and its COVID19 token.
What is COVID Slice (COVID19)?
Released on January 18, 2021, COVID Slice is a play-to-win game built with the Unity game engine. It is a 2D in-browser game similar to the popular game Fruit Ninja. Users slice COVID-19 viruses to avoid pressure.
The concept of the game is quite interesting, especially since instead of avoiding explosives like you did in the original Fruit Ninja, users are asked to avoid syringes filled with vaccines.
It’s worth noting that the project isn’t trying to influence anyone’s beliefs or opinions about the COVID vaccine. Instead, it could be said that he is trying to illuminate a very dark situation that we are all in right now.
COVID Slice also includes a leaderboard with the top 10 players. If you think you have the power to eliminate COVID, you can try this game.
COVID Slice’s plans include the creation of an NFT marketplace where users can buy, sell and trade their NFTs for COVID19 tokens.
COVID Slice (COVID19) Tokenomics
The COVID19 token has a total token supply of one billion and reached a 24-hour trading volume of $976,000 yesterday, which is pretty impressive for a brand new project just listed on CoinMarketCap.
The fully diluted market cap of COVID19 stands at $58 million, which is a pretty significant amount for a recently launched token.
Since COVID19 is a BEP-20 token on the Binance Smart Chain, buying it on PakcakeSwap seems like the most logical option.
Final Thoughts
While the pandemic is nothing to joke about, it is quite an interesting experience to see a project like Covid Slice that combines the most trending topics of both the crypto and mainstream markets.
COVID Slice can be considered both a meme coin and a Metaverse coin. Because it offers a play-to-win game and through its game mechanics, it tackles the current pandemic in a fun way.
Also, the fact that this project has a Minimum Viable Product (MVP) that users can control is a major driver of today’s bullish momentum.
COVID Slice is currently driven by hype and therefore purchasing this token should be considered a high-risk investment. This risk situation is evident in the fact that the metaverse coin has lost a large part of its value and dropped to the level of $ 0.060, after an increase of approximately 200 percent on the day it was published.
You could easily double your holdings if the price of such coins continues to rise, driven by the hype, but when bears hit the markets, it’s not surprising to see the value of such coins potentially drop by more than 90 percent. As a matter of fact, this also happened in Covid Slice, and at the time of writing, the coin is currently trading around 40% below its all-time high of $0.098726, which it reached yesterday.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.