Different things go into building a crypto project, whether the competitive storm of the market stands the test of time. The GameFi (gaming + decentralized finance) aspect of the crypto market has been gaining more attention recently, prompting crypto enthusiasts to ponder the success probability of some promising projects in the niche.
While events of the crypto market can’t be guaranteed or predicted with assertion, knowing the success probability of a token helps you differentiate projects with good potential from shams.
Gala (GALA) and the new cryptocurrency Metacryp (MTCR) are two promising gaming projects. But can they be as successful as Solana (SOL)?
Solana is one of the biggest cryptocurrencies in the coin market in terms of popularity, market capitalization, utility, and ecosystem. The giant cryptocurrency boasts over $11 billion in market capitalization, with over 1.5 million included on the Coinmarketcap watchlists. Solana prides itself as the fastest blockchain across the globe and the fastest growing ecosystem in the cryptocurrency space.
Thousands of crypto projects ranging from DeFi to NFTs, Web3, and more are built on the Solana blockchain, including some gaming blockchain networks. Solana’s low cost, security, high scalability, and community support increase its adoption potential and contributes greatly to its market success. Developers leverage these features to build DApps and other digital creations seamlessly.
Solana (SOL) uses a hybrid consensus algorithm — Proof-of-history (PoH) and proof-of-stake (PoS), which decreases validation time for transactions and smart contract execution, increasing scalability and boosting usability.
The Solana token (SOL) ensures the functionality of the ecosystem. It has one of the greatest ROI for long-term investors, moving from an all-time low of $0.5 in 2020 to an all-time high of $260 in Nov 2021. While it currently sells slightly below $33, experts still believe patient holders will benefit from another upward rally in the long run.
Gala (GALA) launched into the coin market barely three years ago and has grown to have 1.3+ million active users monthly. In addition, over 26,000 NFTs have been sold on the platform for prices ranging up to $3 million. This indicates that Gala doesn’t fall short of achieving every possible market success available for gaming projects.
The project was launched to allow players to have control over their games. The developers hope to leverage blockchain technology to build games that everyone will be interested in playing while giving players control of the game and their in-game assets. Players can possess NFTs, which allow them a say in Gala decision-making on what games should be funded or developed.
The platform also has a utility token — GALA and NFTs collectable series. Gala plans to release Fantasy RPGs, tower defense Sci-fi, strategy games, etc. It has a playable game, TOWN STAR. The town simulation game can be played on browsers.
With new game releases and the integration of more incentive mechanisms, analysts believe Gala (GALA) can attain Solana (SOL) success which will also bring a surge in the crypto price. GALA currently sells at a low price, slightly above $0.05, and it could rally towards its ATH of $0.8 in the long run.
MetaCryp (MTCR) is a new cryptocurrency project with GameFi features. The platform boasts applications in the metaverse, P2E gaming, DeFi, NFTs, and Socializing, leveraging blockchain technology to provide users with these utilities. These features increase its adoption potential and simultaneously its chances of market success.
The gaming and DeFi industry are two fast-growing aspects of the crypto market, and Metacryp aims to leverage this opportunity being an upgrade to existing projects in the niche. Its accountability, transparency, fast settlement, low network fees, and community-centred approach will make it a preferred option to existing ones.
This will contribute greatly to a successful market run. The token is available on presale and could make a good buy in the long run. Potential adopters can purchase Ethereum, BNB, and BTC with 10%, 13%, and 8% bonuses. They can also earn a 70% bonus on every $3000 purchase and 20% on $1000.