Tara M.
Tara M.
May 28, 2022

Pika Coin: The First Currency in GameFi

tl;drThe Integration of blockchain with the gaming industry and NFTs enabled investors to take advantage of financial opportunities. Despite the emergence of GameFi and the NFT marketplace, thousands of tokens faded into obscurity; some don't have any boundaries to provide investors with passive incomes. This article is all about the Pika Coin, the first currency in GameFi projects that exploited the NFT market gap. Let's take a look around it!
Pika Coin: The First Currency in GameFi
Pika Coin: The First Currency in GameFi
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What Is Pika Coin?

Pika is the first coin in the Pika Network and is an ERC-20 token developed on the Ethereum network. Pika Network described itself as a pioneer of GameFi and has two more coins, Metra and Ki. But this article will go through the Pika Coin, which is the primary currency and lifeblood of GameFi and its projects. According to Pika’s whitepaper, its goal is to revolutionise the NFT and gaming crypto sphere to create a more game-like environment in DeFi, with developmental goals and revolutionary potential. Currently, on May 24, 2022, Pika Coin ranks #1300 among all cryptocurrency projects, with a circulating supply of 96 Trillion Pika coins and a total supply of 50 Trillion.

Pika Coin Products

The Pika Coin project comprises different products, such as TheKraft and NFT trading card games. Let’s elaborate on each one below.

What Is Pika Coin TheKraft?

Pika Coin The Kraft is where all the users can buy or sell different NFTs. TheKraft will allow users to start creating NFTs, and all the artists will be able to pay for them in the form of Pika Coin, Metra or Ki.

Pika Coin Trading Cards Games

The Pika Coin team aims to create one of crypto’s best online trading games, which is a Play-to-Earn game. NFT will be part of the trading card games, and users will be rewarded with Pika, Metra or Ki through winning games.

Pika Coin Booster Pack

The Booster Packs are NFTs, allowing investors the opportunity to trade. They come in three types: Pika Booster Packs, Metra Booster Packs and Ki Booster Packs. You can read more about these Booster Packs details from their website.

Pika Coin Evaluation Process

The evaluation process allows all the investors to exploit the market most profitably. It means if you notice any difference in the price of Pika and Metra, you can sell Pika coins and turn them into METRA to receive more. Because when the market fluctuates and the price goes up and down, the evaluation of Pika crypto remains unchanged, and any investor can take advantage!

Pika Coin Utility

Pika coin comes with various utilities, including:

  • Staking
  • Upgrading
  • Basic Booster Packs,
  • Basic NFTs.

Pika Coin Pros and Cons

Pika Coins provide an opportunity for investors to stake their tokens and earn passive incomes. In addition, everyone can sell the NFTs they produce through the ecosystem and receive the payment in Pika Tokens. However, The ecosystem with the Pika Coin is not free. To access the Pika Crypto network, investors are required to pay 2.5% Pika Tokens for entry-exit, NFT sales, and gaming transactions.

Pika Coin Price Financial Analysis

Even though the crypto market has crashed recently, the Pika Coin would be a lucrative coin for you if you had invested in it. Pika Coin provided 123% ROI for the investors. It means investing $100 in Pika would give you $223! When writing this post, on May 24, 2022, each Pika Coin is traded at $0.000000042, with a 24-hour trading volume of $0.128118. The current price is %97 lower than its all-time high when Pika Coin was traded at $0.000014 on Apr 20, 2021. Pika Coin price had had a %587 growth from Aug 09, 2021, when the coin touched its lowest price at $0.00000000063.

Pika Coin Financial Chart
Pika Coin Financial Chart

Disclaimer: Don’t take this article as financial advice. You need to DYOR (Do Your Own Research) before investment.

Pika Coin Price Prediction

Although predicting the future value of digital assets is impossible, based on the recent performance of projects and by collecting historical data for the Pika Coin, some experts at Priceprediction.net predict its price in the coming years that we’ll see below.

Pika Coin Price Prediction For 2022

Crypto experts claim that the Pika Coin can reach a minimum of $0.000000004 with a maximum of $0.000000005. Its average trading price is expected to be $0.000000004 in 2022.

Pika Coin Price Prediction For 2023

It is predicted that each Pika Coin will be traded at an average price of $0.000000006 throughout 2023. At a minimum, it can be traded at $0.000000006, and its maximum can reach $0.000000008.

Pika Coin Price Prediction For 2024

The average price for a Pika Coin is predicted to be $0.00000009 in 2023. The maximum price could be $0.00000000011, and it can hit the minimum of $0.00000009 by the end of 2024.

Pika Coin Price Prediction For 2025

In 2025, the price of Pika is predicted to reach a minimum of $0.00000004. The price of PIKA may reach a maximum of $0.00000005, with an average trading price of $0.00000005.

Should I Invest In Pika Coin?

Although the Pika Coin provided %123 ROI for investors over the past year, it’s been %23 down within 30 days, and its liquidity score is only 1%, which is too low! Regarding popularity, Pika’s growth on Telegram is %55 down over the recent six months. Its Reddit and Twitter accounts didn't have significant growth either, meaning that it hasn’t been well-perceived by the community or hasn’t performed properly on social media. According to my research, the original team has abandoned the project, and it has become a community-driven project, and it could be considered a red flag. However, it's a new project that emerged in the Game-Fi industry, and you should DYOR.

A Word To The Wise

That's all about the Pika Coin, and by reading this article, you will have a better insight into the project. Remember that we are not financial advisors. Our main goal at Cryptologi.st is to provide the latest updates and educational content on the top 1500 coins to aid you in investing with confidence.

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