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

[aima55]

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.

One key to success in crypto is getting in early on projects before they gain widespread popularity. I look for gems that meet certain criteria in terms of technology, team, and roadmap.
When market sentiment is overwhelmingly negative or "fearful" on a quality asset, that can actually present a great buying opportunity. Crypto investing certainly requires a cool head and discipline to avoid emotional decision making.
Often, the opposite action of what seems obvious ends up being more profitable. With this in mind, I believe NADA is a gem that shouldn't be overlooked, even with its relatively modest $15 million market cap currently.
Analyzing the NADA chart on Bitget, the technical setup looks quite bullish to me with steady accumulation and upside potential. NADA's growth trajectory so far mirrors the early days of breakout hits like MAVIA. Just my 2c

[Huppercase]

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?

I have this feeling that another trend will emerge and most of these coins will be forgotten because the attention of traders and investors will be there and not here. Prior before the last bull run, ICO was trending even when the last Bitcoin halving happened not until later when Defi started and it was compound finances and dexes that made these trend to become most sort out and then even other projects that were brought during ICO change and rebranded to Defi, that's how even Gamefi came on board.

If bullrun should start, I believe there is one developer somewhere cooking new thing they can throw into the crowd to get people attention so that new money will flow into the bullrun and it will drag many people attention that they are missing out, I hope you are careful with these mini trending coins that whales might dump tomorrow and jump into another one the next day.

[Iamcrypticguy]

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?

I have this feeling that another trend will emerge and most of these coins will be forgotten because the attention of traders and investors will be there and not here. Prior before the last bull run, ICO was trending even when the last Bitcoin halving happened not until later when Defi started and it was compound finances and dexes that made these trend to become most sort out and then even other projects that were brought during ICO change and rebranded to Defi, that's how even Gamefi came on board.

If bullrun should start, I believe there is one developer somewhere cooking new thing they can throw into the crowd to get people attention so that new money will flow into the bullrun and it will drag many people attention that they are missing out, I hope you are careful with these mini trending coins that whales might dump tomorrow and jump into another one the next day.

Considering recent developments in the AI sector, I believe AI, combined with GameFi and the Metaverse, will be the center of attention during this bull run. This could see manifesting in the price trends of tokens like MAVIA, PIXEL, most GameFi tokens, and the recently observed ASTO. ASTO, being a combination of AI, GameFi, Metaverse, and NFTs, was recently introduced on the CEX OP mentioned earlier. My subtle suggestion is to ride the wave and be smart about it. Follow the narrative and take profits when due.

[Ticdeneb]

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.

You actually did give a good advice as it is always advisable to invest only what one is comfortable losing. Also, if one must follow trends they ought to make extensive research to study the project in question, where they're being listed, exchanges like Bitget brings visible traction to projects they list. Do this to avoid fomo-ing on the wrong project.

[Assface16678]

Well, during the pandemic stage that hits the whole world as gamefi such as axie infinity, crypto blade, pegaxy and many more crypto games that can be play and at the same time to earn and metaverse projects such as STEPN and other projects, I discover this projects and game and participated on it, and I'd say this kind of game or projects that uses the technology of block chain and crypto currency is pretty unique and become a new meta from that time, but the thing is because of the sudden dip of bitcoin market other currency are affected and also those gamefi and metaverse project, until the lime light of this aspect become dim, but not for all people as projects and gamefi are still around and those players are just quiet and benefitting from it, and based on the recent hype in gamefi which is pixels, its proven that this field will still survive, so the question is, is it worth it to invest on it this days? It depends on what game or projects you are in; it matters how you find good projects or games. There is a big risk, but it's up to you if you can take the risk and challenge that could possibly be exchanged for profit and reward.

[R1dwanRz]

(....)
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.

I kinda agree that this niche is overused, but the projects OP mentioned have changed my perspective. For example, one of the projects, MAVIA, is created its own game similar to Clash of Clans, which I used to play a lot during 2018-2019. I'm sure you've played Clash of Clans at some point too. MAVIA's game made me feel like this sector has the potential to make gaming fun again, while also providing extra benefits like passive earning. Since I enjoyed Clash of Clans so much back in the day, a play-to-earn version with blockchain incentives is really appealing to me. While GameFi and metaverse may be cooling off from their huge hype cycles, I believe they still have a place in the future as the technology and adoption evolve over time.

[justdimin]

I have this feeling that another trend will emerge and most of these coins will be forgotten because the attention of traders and investors will be there and not here. Prior before the last bull run, ICO was trending even when the last Bitcoin halving happened not until later when Defi started and it was compound finances and dexes that made these trend to become most sort out and then even other projects that were brought during ICO change and rebranded to Defi, that's how even Gamefi came on board.

If bullrun should start, I believe there is one developer somewhere cooking new thing they can throw into the crowd to get people attention so that new money will flow into the bullrun and it will drag many people attention that they are missing out, I hope you are careful with these mini trending coins that whales might dump tomorrow and jump into another one the next day.

That is how the market moves to be fair, there are hyped projects and trends that make people invest into it almost at a stupid level, like even the bad copies of the good ones end up getting millions and then eventually they all go down.

NFT was a great example of that, we have seen NFT world go super high, and nowadays most of them have not even half the value, sure bear market happened but bitcoin and most coins recovered, to a degree, but NFT images did not, that's the main problem, we just hype trends too much. All in all, I believe that we are going to see a whole another new trend and it is going to be very tough for it to have anything good, most shit projects will get a lot of funding eventually because of it.

[Jascrypt]

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?

NADA is currently experiencing a significant decline down nearly 88% from its all time high.There are positive signs of adoption.Considering exploring NADA as an investment opportunity due to its apparent undervaluation compared to its all time high and positive adoption indicators. There have been an improvement in its circulating supply which has increased from less than 700 million to the current 900 million out of a total 2 billion NADA. This increase in circulating supply could affect the token's price dynamics and market sentiment.Given the volatility and unpredictability of the cryptocurrency market timing is indeed crucial.

You seem to be closely monitoring this project too. Not sure if you hold it but if you do; you can deposit to Bitget and earn free NADA tokens and also contribute to providing liquidity that can hasten it's listing.

[Jascrypt]

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.

The two important question you asked are obviously in play and in most cases it's the adoption of project utilities that encourage exchange listing. Exchange listing is also an important indices to determine a project's value cos it determines project exposure to more demand which will affect price.

[JayTrain]

Some of the projects you described have lost their value, which would concern me. During a bull market, when many projects experience a temporary surge in interest, it's important to remember that most of them may turn out to be short-lived and unsustainable. Overall, I would consider it prudent to approach the selection of such projects selectively or to focus on more stable and reliable assets.