End of Cheap Era in Play2Earn Ecosystem
The whole crypto market is green as the eyes of institutional investors are on the market. They are coming with huge sums of capital to settle their systems and make gains as middlemen.
When the bull leg starts, the money flows into the strong Top 20 - 50 projects which are hyped or still cheap to be invested. Afterward, the Layer 1 projects, ETH Layer 2 projects, and Top 100 get their piece of the pie. As it has an order, Play2Earn waits for its turn to get its well-deserved capital.
Until now, we have witnessed a slight increase in the prices of Play2Earn tokens. The majority of investment is on the side of veteran cryptocurrencies such as BTC, ETH, BCH, LTC, and other L1 & L2 projects.
While they are naturally pumping harder, the prices of Play2Earn will be cheaper compared to the others and this situation will bring the investors in first hand. The second buying pressure will be created with more new gamers on the blockchain-based games. As the demand increases, it is going to pump harder.
Move To Earn as Brother Concept
For Play2Earn system, there is one more "brother" concept that we will be watching: Move2Earn!
As you know, Sweat Economy, Actifit, STEPN and many other Move to Earn projects found a place in the growing ecosystem.
Obviously, both of these projects have very limited market capitulation, around $4.6B in total, and they can easily make a couple of x in a green crypto ecosystem.
Do not forget the fact that those projects that have survived the harsh bear market and FUD-oriented days of crypto will be under the radar of top exchanges and investors.
When there is a rush into the GameFi, there is still limited number of NFTs, Play2Earn / Move2Earn tokens or Lands to be owned.
It might be the last days of low volume and cheap rental in Splinterlands ecosystem. While there are still cheap rentals with high levels, I'll be hunting for them for the whole week!
Cheap rentals may enable you trade your own card for high prices to buy stronger ones while you have the same card rented for a very cheap cost. This can be a nice strategy to make your Decks stronger before everyone rushes into!
Note for the future: The cheapest LAND is sold for only $34 and Validator Node Licenses are traded at $565 in the open market. I expect the price of Validator Node License to hit the in-game price in the bull -market. There are still only 5,000 licenses sold and there are only 7 licenses listed on Hive-Engine.
All in all, Play2Earn concept, so does Move2Earn, waits for its turn to grab attention. When the time comes, we will really miss cheap Rental, almost free Lands, and undervalued Validator Node Licenses a lot!
Enjoy the positive sentiment in crypto ecosystem and track the Splinterlands data on PeakMonsters. Try not to miss still cheap rentals for long time 😉
Do you have any other suggestions for gamers / investors? Share with us below!
Hive on ✌🏼
Posted Using LeoFinance Alpha
Fully agree to that, who has survived this bear market is ready for a turnaround. BUT if this will lead Splinterlands and alikes back to new ATH is still to be seen since there will be a lot of competition around gaming and play2earn. Big players are getting ready to enter the Stage and new Gaming concepts that integrate crypto will evolve.
It is hard to say yes or no but veteran projects, look at BCH and LTC though they are almost forgotten, are always precious in our ecosystem.
The super hype may die out in time but the strong ones are always appreciated. Splinterlands is one of the rare strong Play2Earn projects that survived and was mentioned by influencers or dApp lists such as BigBoy
Agree that Splinterlands will have a place within play2earn also in the future since it is a dedicated and well designed game but we will have to see if they will reclimb to their old highs. I hope so but it depends on many things.
The era of cheap play to earn might really be ending. It was even guessed by many that this might be the end of crypto cycles because of the big institutions coming, which might lead to mass adoption soon.
There are millions to jump into crypto ecosystem.
We sometimes forget the growth of Gaming Industry and its potential impact on blockchain-based games, too 😉
I'm very bullish regarding blockchain gaming and, in my opinion, the whole concept of P2E has a bright future, but... We can't forget that people are getting bored by playing the same game and I'm not that optimistic regarding some of the "old games"... They can do well, but I suppose that we will see some new ones doing much better...
So, on that list of "gaming tokens", I would pick those that are "representing" game studios and not particular games...
Just my 2c...
I have picked this post on behalf of the @OurPick project which will be highlighted in the next post!
Yeah, there are great games that are launched and the competition will be hot!
I also see some "gaming blockchains" like Fusionist as really strong nominees of leading the concept.
The whole ecosystem will rise, and we will see the potential of the projects 🤩
Thanks for the pick 🙏🏼
The institutional funds coming into the space will change things considerably. Good projects that have survived the bear will be in great positions. I always enjoyed playing P2E games, blockchain based games are at the beginning of their journey and hold great potential.
Which projects or play-to-earn games do you think will have a massive increase?
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