need to know before hand that those coin that usually gaining succeed specifically gamefi and metaverse projects are usually the one with big backing behind them and when im talking about
big investing companies like binance labs, mysten labs, and so on, mavia that you're speaking of despite not listed binance but its being backed by binance if im not mistaken, i haven't checked it for a while but im sure they haven't getting listed on binance maybe due to small trading volume back then but right now the price is already growing up so high.
thats the thing with metaverse projects always some force that support it for it to grow.
otherwise it will be like many other metaverse projects out there that aren't that popular and you probably don't recognize of, the key is having massive investment within seed rounds.
having many angel investors also good for these projects.
Topic: Is Now the Perfect Moment to Dive into Game-fi and Metaverse Projects? - page 2. (Read 331 times)
February 24, 2024, 07:38:54 PM
February 24, 2024, 06:58:13 PM
It seems like just last year there was a celebrity here in our country who was promoting this about the metaverse, and he is a well-known sports athlete and former politician here, and it is Manny Paquiao. The hype that they created was also intense, but after a few months it suddenly became silent, and I don't have any updates on them.
But I think if he is down now, it could be a good time to get into this because most people here know that there are many who are following the current trend here in cryptocurrency, especially with the upcoming bull season. Is that just the same as the flow of water? They know they can make a profit in a short period of time.
But I think if he is down now, it could be a good time to get into this because most people here know that there are many who are following the current trend here in cryptocurrency, especially with the upcoming bull season. Is that just the same as the flow of water? They know they can make a profit in a short period of time.
This type of projects may be still trending but it depends on how rock solid is the foundation of the platform. Because even if it is backed by a known athlete or personality, in most instances, they don't know the technicalities behind what they are promoting in public.
Also, dig the background of the project. Because a lot of them are just riding the hype and there's no substance at all behind their creation as they are only after for the naive investors that will take the bait of their offering.
February 24, 2024, 06:51:47 PM
It seems like just last year there was a celebrity here in our country who was promoting this about the metaverse, and he is a well-known sports athlete and former politician here, and it is Manny Paquiao. The hype that they created was also intense, but after a few months it suddenly became silent, and I don't have any updates on them.
But I think if he is down now, it could be a good time to get into this because most people here know that there are many who are following the current trend here in cryptocurrency, especially with the upcoming bull season. Is that just the same as the flow of water? They know they can make a profit in a short period of time.
But I think if he is down now, it could be a good time to get into this because most people here know that there are many who are following the current trend here in cryptocurrency, especially with the upcoming bull season. Is that just the same as the flow of water? They know they can make a profit in a short period of time.
February 24, 2024, 06:43:55 PM
Hey OP, from an initial perspective, you should understand that no matter what field, there are opportunities/risks, with trends appearing in the crypto space (according to the definition that many people apply). Don't worry too much about technology or financial potential, because the theory applied to practice can be very different. But the things you mentioned should also be outstanding but also look back at the landfill they can take over and make a difference. Looking back at bitcoin itself, I really support it but I also have to admit the mistakes I have made and am also very grateful for the things I have received, the main problem is everything around us will be in our receive. And investing always requires independence and self-responsibility. With the current market trend, the optimism I am witnessing makes it easier for us to make money and also easier to lose money.
February 24, 2024, 06:37:54 PM
I believe that the hype of that happened back in 2020 to 2022, a lot of scam and Ponzi schemes crypto games have populated the space at that time and it was also that time when Axie Infinity was hyped up, a lot of them has really banked on that hype and try to emulate their success but not a lot of them got close.
I still think that Game-Fi and Metaverse projects still have some potential but with the hype already gone and people moving on so fast, I think that whomever wants to get in this space again are risking a lot of things but it might be all worth it, a lot of investment usually don't grow in value in a really fast manner anyway, so you're risking waiting anyway, just invest on what you think is the right one.
And maybe you're right that it's probably a perfect moment or time to get into gamefi projects but always remember to risk what you can afford to lose, that applies to both developers and investors.
I still think that Game-Fi and Metaverse projects still have some potential but with the hype already gone and people moving on so fast, I think that whomever wants to get in this space again are risking a lot of things but it might be all worth it, a lot of investment usually don't grow in value in a really fast manner anyway, so you're risking waiting anyway, just invest on what you think is the right one.
And maybe you're right that it's probably a perfect moment or time to get into gamefi projects but always remember to risk what you can afford to lose, that applies to both developers and investors.
February 24, 2024, 06:28:53 PM
Is this a savvy move, or would it be wise to steer clear?
It's up to you if you'll follow the trend because projects like this that capture the community's interest, create hype, and generate excitement tend to attract more attention and investment. As of now, it's all about hype and everything will be passed and those who survive will surely have a real utility in the crypto space.IMO, investing in altcoins is very risky.
If you think you're being FOMOed on this hype, just give an amount that you can afford to take a risk.
February 24, 2024, 05:29:06 PM
I think that hype passed just like the DeFI hype went, in the next bull run, I believe we shall have a new trend. Metaverse related projects and tokens were a huge deal, especially when Meta announced Metaverse. There was a lot of FOMO which lead to a lot of the coins related to anything to do with gaming going up.
Remember, after that we had the AI hype too. So I think something new will come up.
Remember, after that we had the AI hype too. So I think something new will come up.
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February 24, 2024, 03:09:31 PM
Is this a savvy move, or would it be wise to steer clear?
Someone can actually advise you to buy now because they think it would be a profitable investment at the end, but you might be unlucky at that end because the coin may not become as successful as speculated. If someone advises you to buy now and, at the end, you do not make any profit, you may end up blaming the person. You would also blame someone if they advises you not to buy the coin now and it ends up being pumped into the bull market. So, you have to be decisive. If you feel you have actually done good research on the coin, then you can go ahead with your investment. I am not really a fan of altcoin investment for now, so I would advise that you should also invest the amount that you can afford to lose in any altcoin.
During times like this, there is usually hype around so many altcoins, but not all will be able to see a huge pump during the bull market. During the bull market, most altcoins will get pumped, some coins will not even make a move, and some investors will begin to ask the project owners such coins several questions about why they are not pumping their own coins, but there will be no reasonable answers.
February 24, 2024, 01:12:44 PM
Recognizing the market's unpredictability, timing can be crucial, prompting me to explore NADA. It's currently nearly 88% down from its all-time high, yet adoption appears positive. Notably, with announcements from Bitget and other exchanges about its listing through a deposit-to-list event, coupled with an improvement in its circulating supply from less than 700 million to the current 900 million out of a total 2 billion NADA.
Is it actually being adopted — with people actually using it? Or adoption in a way that exchanges are listing it? Because the latter isn't really "adoption"; it's just going to be easier for people to buy/sell/trade it. The latter can make it a good trade though, but not necessarily an investment; which are two very different things.
February 24, 2024, 08:20:12 AM
During the previous bull run, we witnessed a significant surge in investments and adoption within the realms of Social-Fi, Game-fi, and Metaverse projects, perhaps influenced by the defining impact of COVID-19 during that period. While many of those projects may not be in the limelight currently, it's worth keeping a close eye on STEPN, MOVES, and FITFI, considering the inherently unpredictable nature of the market.
Recently, there's a noticeable trend in this sector, especially with MAVIA grabbing attention for its impressive price performance and adoption, albeit driven largely by price and airdrop distribution. Recognizing the market's unpredictability, timing can be crucial, prompting me to explore NADA. It's currently nearly 88% down from its all-time high, yet adoption appears positive. Notably, due to its listing announcement by Bitget through a deposit-to-list event, coupled with an improvement in its circulating supply from less than 700 million to the current 900 million out of a total 2 billion NADA.
Is this a savvy move, or would it be wise to steer clear?
Recently, there's a noticeable trend in this sector, especially with MAVIA grabbing attention for its impressive price performance and adoption, albeit driven largely by price and airdrop distribution. Recognizing the market's unpredictability, timing can be crucial, prompting me to explore NADA. It's currently nearly 88% down from its all-time high, yet adoption appears positive. Notably, due to its listing announcement by Bitget through a deposit-to-list event, coupled with an improvement in its circulating supply from less than 700 million to the current 900 million out of a total 2 billion NADA.
Is this a savvy move, or would it be wise to steer clear?
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