Which game tokens are worth buying?
We’rebringing you the inside loop on which gamingtokens have the potential to survive the bear market.
The cryptocurrency market has gone through more than one crisis over the past year. The bear market, the FTX crash, and the wider general panic in finance as a whole, have all contributed to a huge drop in the values of all cryptocurrencies. One of the knock-on effects of this has been delays in the development of most crypto-centered games due to a lack of funds and difficulty involving investors to finance game development. Let's take a look at a few tokens that may have the potential to survive the current times.
ILV is the token for the game Illuvium. The sale began on Jan. 4, 2021, with a starting price of USD 47.31 and reached its ATH on Nov. 30, 2021, when it was trading at USD 1 911.26. Like most of the tokens on today's chart, the ILV token has experienced a significant drop, but its price is still around its original launch value. The market cap is USD 77.8 million as of January 4, 2023, and the token price is nearly 40 USD. The token is on a strong path thanks to reliable partners and a large community, and it will therefore likely endure the current bear market.
SILK is a token from the game Spider Tanks. Its sale launched on Nov 1, 2022 with a starting price of USD 0.90, and it experienced a huge increase to its ATH within two months, when its price hovered around USD 2.57. There was a sudden decline in mid-December 2022, when it fell below its initial value. As of Jan 4, 2023, SILK has a market cap of USD 3.8 M and the token price is 0.84 USD.The game itself has a large community, and I believe it could survive the bear market thanks to the Gala Games developers.
This token was created for the Town Star game and launched on Oct 29, 2021 at USD 0.16, reaching its ATH at USD 2.12 within a very short period of time. The game, including the token, was developed by the Gala Games developers, who have many successful projects to their name. As of Jan 4, 2023, the market cap is USD 5.1M, and the token price is 0.015 USD. The token has returned to its initial launch value at the end of 2022. However, this game has a strong base that will probably help it withstand the current crisis.
The Star Atlas game token, which reached its ATH a mere two days after its launch on September 3, 2021, had an initial token price of USD 8.61 before skyrocketing to USD 14.5 within forty-eight hours. To some extent, POLIS maintained its price above its initial value for some time, but it has since declined in 2022. As of January 4, 2023, it is trading at USD 0.3 with a market cap of USD 46.6 M. However, it is an AAA title that has undergone serious, financially demanding development, and there will likely be a lot of demand for the token once the game is complete. The large community behind Star Atlas will most likely see it survive this bear market.
The game token for the card game Gods Unchained was launched on October 30, 2021, with an initial price of USD 4.60. As of January 4, 2023, GODS is valued at approximately USD 0.21 per token, with a market cap of USD 32M. Although the token price is low compared to its ATH, when it was trading as high as USD 7.28, the game's community is constantly expanding. There is also lingering interest in the game despite the current bear market, and it is thanks to this fact, coupled with its experienced developers, that there is a possibility that the GODS token will recover when the next bull market arrives.
Any news, analyses, price estimates, or other information shared on this website is not financial or investment advice and therefore should not be considered investment consulting. All information in this article is for informational purposes only. This article's author or publisher is not liable for any financial loss.
The current financial market situation is a nightmare for some and an investment opportunity for others. The information detailed above cannot be taken as financial or investment consulting. This is only my opinion, and there are certainly many other tokens that have the same or greater potential. I chose these specific tokens because they caught my attention, and they are backed by strong companies and player communities.