Analyst Announces GameFi Coin Projects That Will Rise In 2022!

Where is the crypto market headed as we approach 2022? cryptocoin.com As a result, we will focus on projects that analyst Mike Ermolaev sees as the most promising GameFi coin projects. Crypto investors, pinning their faith on the prediction that Bitcoin will hit $100,000 by the end of the year, seem to have to reconcile themselves with the fact that there won’t be a Santa Claus rally before the year is out. After surging above $69k in November, Bitcoin price has drastically pulled back and is now struggling to hold above the 50,000 mark and is pulling other cryptocurrencies with it.

The market seems to be reviving

However, technical analysis comes into play when we can’t see a clear trend and there are no strong fundamentals to help us understand how the market will behave. There are often repetitive patterns in price fluctuations due to the psychology of the market driven by emotions such as fear or excitement. Technical analysis studies chart patterns to identify these sentiments and subsequent market movements to discover trends. The cryptocurrency Fear & Greed Index dropped to 27 a few days ago, but is currently at 40. While it’s still a fear zone, this could be a solid buying opportunity. The current BTC price pattern is similar to the consolidation phase we witnessed from May to July 2021. We could see a BTC rally that will likely continue the weakness until the beginning of January or the end of February 2022 and then take it to new highs.

Meanwhile, the $68 billion GameFi coin industry, a mix of blockchain gaming and DeFi, is on the rise and is expected to continue its rapid growth in 2022 even amid the bad mood in the wider crypto market. As of now, the majority of existing wallets – 1.12 million – depend on blockchain games. The Play to earn segment is powered by the metadata store narrative, which allows players to earn tokens that can be used to purchase in-game assets for gaming events or exchanged for fiat on other cryptocurrencies or exchanges. GameFi games can be divided into two types: liquid mining games and purely mining games. In liquid mining games, users must commit tokens or NFTs before starting the game, whereas in the second type of game, players can start immediately and buy gaming gear or NFT equipment that can be sold at a profit.

GameFi coin projects you should know

For a GameFi project to be successful, it is essential that the number of active crypto wallets, transaction volume and value of the game continue to increase. The top DApps in the games category are ranked by unique wallet addresses, which continues to grow, so it makes sense that the tokens that power them will also thrive.

Splinterlands (SPS). Splinterlands is the most popular game with 315,447 unique wallet addresses interacting with their smart contracts in the last 30 days and a total asset value of $664,862. This is a collectible card game, with cards that function as non-financial tokens and design reminiscent of Pokemon cards and World of Warcraft characters. Throughout the game, a mystical world unfolds with lots of storytelling. This game is built on the Steem blockchain and offers high-speed transactions. Although Splinterlands is based on the HIVE blockchain, Splinterlands’ tokenized assets can be transferred to the WAX ​​blockchain via the Splinterlands WAX bridge. As of now, the SPS token is priced at $0.221667 and is not rising due to the weak overall market, but the popularity of the project could lead to strong gains next year, according to analyst Mike Ermolaev.

DeFi Kingdoms (JEWEL). DeFi Kingdoms is a game, DEX, liquidity pool, and a marketplace for rare utility-driven NFTs, all made in fantasy pixel art that triggers nostalgia. The number of unique wallet addresses interacting with DeFi Kingdom’s smart contracts in the last 30 days reached 286,539, up 439% from the previous month. At the time of writing, the JEWEL token was trading at $14.95, up 21% for the past 7 days, posting a monthly gain of 94%.

MOBOX: NFT farmer (MBOX). This gaming platform combines yield farming and farming NFTs to create a free-to-play and win-based model. The game had 200,916 unique wallet addresses and a balance of $175,456,016.93 in the last 30 days, up 30% from the previous month. As of last check, MBOX token was trading at $6.12, up 6.3% in the last 24 hours and 19% in the last 7 days.

X world games (XWG). X World Games is a themed game DApp on BSC network with NFT market. In addition to advanced gameplay and winning mechanisms, players can acquire NFT assets that are expected to benefit them through long-term revenues from the game’s gaming volume. Its user base has increased by 159.72% in the last 30 days to 180,112 and the total value of assets in the DApp’s smart contracts comes in at $2,909,449.32. The project’s XWG token was trading at $0.0969 at the time of writing.

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