These days, the cryptocurrency market is going up, but many new projects seem to be not so great. About 90% of them are meme coins, just for quick gains and not really useful. However, there's that remaining 10% with interesting and unique concepts. It's tough to find them, though. I came across a GameFi project named "Insurrection," which is play-to-earn. It caught my eye because the game is already live, playable, and looks professional. What do you think about getting involved in a gaming project like this in the current market?
Yep. Many of new projects are just meme coins or weak coins with lack of strong fundamentals. These coins are shit coins, they are created for pump-dump in a short time. It is difficult to expect these type of coins to last a long time in crypto industry. So, even if we want to invest in these coins, make sure we have an obvious target and never hold for a long time. If we have no enough knowledge about those shit coins, we are better to choose top altcoins who can have higher chance for gaining profits in the future.
Well, investing in gaming projects isn't a bad idea. But I think, we are better to choose those old gaming projects. We can analyze which gaming projects that still have a great progress or development. SAND, MANA, ENJ, EGLD, and IMX look some good options to consider for the investment on gaming projects.