Why Gaming Altcoins Like BinaryX Are So 1974
With cryptocurrency prices in the doldrums of late, investors are hunting other ways to generate returns.
Play-to-earn crypto games have been catching on like wildfire in the industry and beyond, giving market participants something to be excited about as developers keep their noses down and build.
The burgeoning GameFi segment is the intersection of gaming and decentralized finance (DeFi), and it has taken the blockchain industry by storm.
Emerging projects are winning over crypto and traditional gamers alike as play-to-earn features and white-hot NFTs raise the stakes.
Blockchain-based gaming altcoins, or tokens that fuel the GameFi market, have been known to trade independent of bitcoin, which is especially useful during a crypto market downdraft like the one happening now.
Take Axie Infinity, which has been an inspiration in GameFi circles and whose virtual land plots in the metaverse are selling for millions of dollars, or hundreds of Ethereum apiece.
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