Is Now the Perfect Moment to Dive into Game-fi and Metaverse Projects?

[Jascrypt]

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?

[mk4]

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.

[Dr.Bitcoin_Strange]

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. 

[logfiles]

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.

[sheenshane]

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.

[Maus0728]

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.

[bluebit25]

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.

[bettercrypto]

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.

[AmoreJaz]

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.

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.

[JeffBrad12]

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.

[GreatArkansas]

(....)
Is this a savvy move, or would it be wise to steer clear?

I don't think that the Game-fi and metaverse will recover.
This niche or hype was aged already and I believe this time we already have new, some are these layer 2 networks or Artificial Intelligence (AI)

But for me, even if "now is not the perfect time", I believe they will stay and continue to grow, NFT/Game-fi and metaverse are good projects in our time right now.

[MusaMohamed]

I don't think that the Game-fi and metaverse will recover.
This niche or hype was aged already and I believe this time we already have new, some are these layer 2 networks or Artificial Intelligence (AI)

But for me, even if "now is not the perfect time", I believe they will stay and continue to grow, NFT/Game-fi and metaverse are good projects in our time right now.

Old GameFi and Metaverse projects since the last bull run will mostly die and can not recover. Very few old projects can recover in this new bull run cycle and I believe some leading projects of these branch industries will recover. Other old projects will mostly be dead but we will see many more new projects that aim at GameFi and Metaverse.

It's hard to say they will fail in a next bull run but I think they will not have happy endings because their main problems are in their bad tokenomics (inflationary) and their investors, gamers only need to pay money once to buy NFTs and farm forever.

[Jascrypt]

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.

I really don't know how investor partnership influence price but for potential growth; I agree and it may not be rapid cos growth is usually built.
NADA is also backed by a number of investors and notable among them is the HBAR foundation which is why it could be worth considering as we approach a new bull circle particularly as it has consistently maintained an average of 45 million dollars trading volume in the past two months compared to its less than a million dollar figure in the previous year. 

[Jascrypt]

I don't think that the Game-fi and metaverse will recover.
This niche or hype was aged already and I believe this time we already have new, some are these layer 2 networks or Artificial Intelligence (AI)

But for me, even if "now is not the perfect time", I believe they will stay and continue to grow, NFT/Game-fi and metaverse are good projects in our time right now.

Old GameFi and Metaverse projects since the last bull run will mostly die and can not recover. Very few old projects can recover in this new bull run cycle and I believe some leading projects of these branch industries will recover. Other old projects will mostly be dead but we will see many more new projects that aim at GameFi and Metaverse.

It's hard to say they will fail in a next bull run but I think they will not have happy endings because their main problems are in their bad tokenomics (inflationary) and their investors, gamers only need to pay money once to buy NFTs and farm forever.

Apart from BTC and a few project in the market, most projects are inflationary but good tokenomics is also a factor like you mentioned but can we use just these two factors as our indices? I doubt NO, cos factors like partnership, MCap, project developers or team are also considered.

Some of these new metaverse and NFT related projects may also spring up surprises in the next bull cos most of us are already looking towards L2 and AI. This space can always be unpredictable bro but using what you can afford to lose is always the safest way to survive or benefit from the market.

[PytagoraZ]

Is this a savvy move, or would it be wise to steer clear?

I'm not interested in such a concept because I don't think I see the urgency of such a project. I'm not interested in and have never studied the concept of social-fi or metaverse, but I think such concepts are too absurd at this time. Like the meme coin which previously went viral, I was confused as to why anyone would want to buy memecoin whose use was not clear.

I prefer to avoid it but if you like risk you can take profit opportunities when the market trend is good but only temporary and leave when you have made a profit

[|MINER|]

In my personal opinion I will say yes moreover 1 year ago there was more hype about metaverse and Gam-efi but currently its same those are down now but I think in the future there will be hype in near future because the bull-season is coming. And I also think that the future era will be the era of Metaverse so I think if anyone want to invest in meta verse project they can choice this pick time for investing.

[arwin100]

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, 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 this a savvy move, or would it be wise to steer clear?

People can't accurately answer this question since the only way they can do is to speculate. There's a lot of hype happen from RON to pixels but we are not sure if we can see those Game-fi or Metaverse to get hype again since looking at current happening it seems that people are just creating a noise due to the airdrops happened.

Also Mavia is been hyped due to the airdrop, although I like the game but noy sure if they can able to get the same success what Axie infinity got. But if you or other people want to take a risk then its up for you guys to take a risk since will not know the result if we just watch and not trying to risk anything. But make sure the amount used us the one we can afford to lose this is so basic reminder but we can still something  this.

[mk4]

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.

Because it's very likely to not be Manny Pacquiao himself. I've seen him(or his social media accounts, to be specific) promote various crypto platforms and NFT collections throughout the years, even though I doubt Pacman is the type of person to be. interested in crypto (or technology in general).

[AbuBhakar]

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, 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 this a savvy move, or would it be wise to steer clear?

The only reason why MAVIA manage to get the attention of crypto enthusiasts is due to the potential airdrop once download and meet the criteria for the airdrop. But the current price doesn’t show a real hype since it only valued currently for 7$ despite having a low circulating supply of 30M tokens only.

A real hype on this project will make the price above 20$ to 50$ due to demand but only people is interested now due to the potential airdrop and due to the game itself. I personally downloaded the app because of the airdrop but I’m not hook into the game unlike before during the Axie popularity.

[Jascrypt]

In my personal opinion I will say yes moreover 1 year ago there was more hype about metaverse and Gam-efi but currently its same those are down now but I think in the future there will be hype in near future because the bull-season is coming. And I also think that the future era will be the era of Metaverse so I think if anyone want to invest in meta verse project they can choice this pick time for investing.

Same opinion as mine cos these projects have been relatively quiet recently and we seems to be looking towards AI and L2 projects to define next bull run which may disappoint us cos market can be unpredictable. The reality check here is that; status quo may not continue to remain the same hence my consideration in this direction and it's current price is a factor I am considering too cos retesting it previous all time high or getting close at worse would make it a decent investment choice.