GameCredits Coin: A Cryptocurrency for Gamers and Developers

GameCredits Coin: A Cryptocurrency for Gamers and Developers

GameCredits Coin (GAME) is a cryptocurrency that aims to be a medium of exchange for gamers and game developers. It was launched in 2014 as one of the first gaming cryptocurrencies and operates on the Ethereum platform. GAME has several features that make it attractive for the gaming industry, such as:

• Low fees and fast transactions: Powered by the Polygon (Matic) sidechain, GAME offers scalability, security and low costs for transactions. Users can send and receive GAME tokens with minimal fees and delays.
• NFT platform: GAME Credits has launched a platform for creating and trading non-fungible tokens (NFTs) that represent in-game items, collectibles and digital art. Users can earn GAME tokens and NFTs by staking their tokens on their favorite creators listed on the GAME Rewards portal.
• Decentralized metaverse: GAME Credits is developing a decentralized RPG metaverse game in collaboration with a community of creators. The vision is to create a 100% community-managed metaverse that will last beyond 100 years. Users can participate in the design and governance of the metaverse and earn GENESIS tokens, which power the metaverse economy.

 

According to CoinMarketCap, GAME has a current supply of 200,000,000 with 193,823,106 in circulation. The last known price of GAME is $0.01127 USD and is down 7.43% in the last 24 hours. It is currently trading on 23 active markets with $41,214.82 traded over the last 24 hours. The current market cap of GAME is $2,184,671 USD and the rank is #1486.

The trend of GAME has been mostly bearish in the past year, as the coin has lost more than 50% of its value since January 2021. The coin has faced strong competition from other gaming cryptocurrencies and NFT platforms, such as Enjin Coin, Decentraland and Axie Infinity. However, the coin has shown some signs of recovery in the past month, as it has increased by more than 10% since October 2021. The coin may benefit from the growing popularity and demand for NFTs and metaverse games, as well as the launch of its own NFT platform and metaverse project.

The GAME Credits team has been actively working on developing and improving its products and services. Some of the recent updates and announcements for the coin project are:

• Genesis Worlds Mining Claim NFTs: The team has announced the launch of Genesis Worlds Mining Claim NFTs, which are the founding NFTs that allow users to participate in individual world governance, while mining GENESIS tokens. Each Mining Claim NFT features a 3D concept model of the World and provides governance rights and one land parcel. The Mining Claim NFTs are expected to drop in Q4 2021.
• GAME Credits NFT Platform: The team has launched its own NFT platform, where users can create and trade NFTs that represent in-game items, collectibles and digital art. The platform is secured by the Ethereum network and powered by the Polygon sidechain. The platform also offers a reward system, where users can earn GAME tokens and NFTs by staking their tokens on their favorite creators.
• GAME Credits Community: The team has been engaging with the community through various channels, such as Twitter, Reddit and Telegram. The team has also invited the community to participate in the design and governance of the Genesis metaverse game, and to contribute to the development and improvement of the project.

 

Based on our investment analysis of GAME, we can conclude that the coin has some potential and value for the gaming industry, but also faces some challenges and risks. Some of the factors that may influence the future performance of the coin are:

• Pros:
  • The coin has a long history and experience in the gaming cryptocurrency space, and has a loyal and active community of supporters and users.
  • The coin has a unique and ambitious vision of creating a decentralized metaverse game that will last beyond 100 years, and that will involve the community in its design and governance.
  • The coin has launched its own NFT platform, which may attract more users and creators to the ecosystem, and generate more demand and value for the coin and the NFTs.
• Cons:
  • The coin has a low market cap and liquidity, and is ranked below the top 1000 cryptocurrencies by market cap. This may limit its exposure and adoption by the mainstream and institutional investors.
  • The coin has faced strong competition from other gaming cryptocurrencies and NFT platforms, which may have more resources, partnerships and innovations. This may reduce the market share and relevance of the coin in the gaming industry.
  • The coin has a high dependency on the success and development of its metaverse project, which is still in its early stages and may face technical, legal and regulatory challenges. This may affect the confidence and trust of the investors and users in the coin.

 

We recommend GAME to investors who are interested in the gaming industry and the metaverse, and who are willing to take some risks and hold the coin for the long term. We believe that the coin has some potential and value, but also some uncertainty and volatility. We advise investors to do their own research and due diligence before investing in the coin, and to diversify their portfolio and manage their risk.

The outlook and community response for GAME are mixed and varied. Some of the opinions and reactions to the coin from the community are:

• Positive:
  • Some users are excited and optimistic about the launch of the Genesis Worlds Mining Claim NFTs, and the opportunity to participate in the metaverse game and governance.
  • Some users are impressed and satisfied with the features and functionality of the GAME Credits NFT platform, and the rewards and incentives it offers.
  • Some users are supportive and appreciative of the team and the community, and their efforts and contributions to the project.
• Negative:
  • Some users are disappointed and frustrated with the poor performance and low price of the coin, and the lack of marketing and exposure for the project.
  • Some users are skeptical and doubtful about the feasibility and viability of the metaverse project, and the challenges and risks it may face.
  • Some users are critical and dissatisfied with the communication and transparency of the team and the project, and the delays and issues they encounter.