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Is GameZone (GZONE) A Good Investment In 2022?
INTRODUCTION
The Play-to-earn model and vastly accessibility improvements have led to a boom in blockchain-based games' popularity. However, almost all the benefits are going to VCs, hedge funds, and whales, who buy tokens and game assets in the early stages at a nominal price. Also, this makes it challenging for regular players to start playing.
GameZone connects real gaming enthusiasts to the latest-released blockchain games. With GameZone, users have access to the latest games early.
In other words, GameZone is a blockchain gaming platform that provides its users with numerous opportunities, such as access to initial gaming NFT offerings, access to play-to-earn games, and so much more.
GameZone planned to provide the possibility of using GZONE tokens across multiple platforms instead of being an exclusive token for exclusive in-house games. This will be the core project followed by the GZONE team. At the first stage, it is targeted by the GZONE team to collaborate with android game developers, then work with iOS developers, and later on expand the use case for consoles and PCs.
HOW DOES GameZone WORK
GameZone's team has announced two primary use cases for GameZone; Trading platform and in-game money.
GameZone as a Trading Platform
GameZone is planning to establish a trading platform that is working and functional and can be used for trading game NFTs, items, and accessories.
In-Game Money
GameZone plans to provide the solution for in-game purchases and the opportunity for mining and staking GZONE tokens in games in collaboration with game developers. By doing so, transferring funds from game wallets to crypto wallets will be possible. Also, players will be able to transfer funds vice versa.
GameZone's Features
By using a tier-based system to assign allocations, GameZone ensures that everyone has the chance to stake in blockchain-enabled games, especially the most sought-after ones.
The higher the tier is, the better the allocation packages. These packages may include more tokens, more and rarer NFTs, or a more favorable ratio of NFTs to tokens.
GZONE token has the roles of both the gateway to many of the games partnered with GameZone as well as a qualifier to participate in initial game offerings (IGOs) and initial NFT offerings (INOs).
Depending on the amount of tier, users can enjoy several benefits, including:
- Access to initial gaming NFT offerings
- Ensuring early access to newly launched GameZone products, features, and services
- Access to a wide range of play-to-earn games
- Providing early access to newly launched games, beta versions, and expansions
- Access to initial game offerings (IGOs)
- Randomly allocated gaming token and NFT airdrops
FINANCIAL ANALYSIS
Gaming blockchain projects have gained much attention recently and saw a significant financial jump. GameZone also has seen a sharp jump in its market cap rank, price, and popularity.
Jumps in GZONE's Market Cap, Price, and Popularity
GZONE's market cap rose from 675 on October 1, 2021, to the rank of 499 when writing this post (November 8). GameZone's price also followed a similar trend over the same period, starting at $0.48 on October 1 and getting almost double by reaching $0.82 on November 8. However, its liquidity score is 13% below the cryptocurrency market's average score, which means that you might face some difficulties selling it in bear markets.
Another critical factor to consider when financially analyzing an NFT project is popularity. Our data show that GZONE's popularity has increased on Twitter by 107% over the last month. Its popularity on Telegram also has gone up over the same time frame.
Are GZONE's Investors Happy by Now?
It is early days to talk about GameZone's Return On Investment (ROI). We should wait and see how it will perform in the upcoming months. However, if you had invested in GZONE a month ago, you could enjoy a 39% profit on your investment.
YOU ARE SAYING THAT Gamezone IS THE BEST CRYPTOCURRENCY TO INVEST IN?
Nominating an NFT project to be in your investment portfolio is a critical decision to make. You need to analyze your own financial situation and preferences and have access to reliable information about the cryptocurrency market to make the best possible decision.
At Cryptologi.st, we provide all the information and market reports you need to assist you in making the best out of your investment. We do all the hard work so that you can focus on making your best possible investment decision.
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