There has been a significant rise in the number of gaming cryptocurrencies and blockchain projects. Some of the top cryptos in the gaming industry include Axie Infinity (AXS) and Enjin Coin (ENJ).
In the crowdlending sector, Collateral Network (COLT) continues to be a key player with an expected 35x ROI for its tokens.
So, can Axie Infinity (AXS) and Enjin Coin (ENJ) keep up with the rapid growth of Collateral Network (COLT)? Let’s look at where each of these coins is expected to be in 2023.
Will Axie Infinity (AXS) recover from a bad year?
Axie Infinity (AXS), which has a market valuation of over $1 billion and ranks 49th on CoinMarketCap’s list of the largest cryptocurrencies, had a rough year in 2022.
Users of Axie Infinity (AXS) can make real money by playing games or developing their own original content, which can then be sold to other users as NFTs.
Due to its immense success, the Axie Infinity (AXS) game has amassed one of the most valuable collections in the NFT market.
However, with $620 million stolen in a breach early this year, interest in the Axie Infinity (AXS) gaming universe has waned. Average Axie Infinity (AXS) daily users for the game decreased to around 1.5 million by the end of March 2022, from a peak of 2.7 million in the middle of 2021.
Axie Infinity (AXS) has also been hit hard by the crypto market, but it has shown some recovery in the last few days, its price rising to $10.85 and trading in the green zone but still a far price from it’s all time high of $160.62.
Enjin Coin (ENJ) looking to appreciate in 2023
Enjin, a blockchain-based gaming firm formed in 2009, created the Enjin Coin (ENJ) cryptocurrency. This makes Enjin Coin (ENJ) a veteran player in the metaverse.
The firm’s primary product is virtual and augmented reality software for use in immersive experiences.
For instance, the cryptocurrency Enjin Coin (ENJ) is the driving force behind several successful immersive blockchain games that feature play-to-earn mechanisms, such as Age of Rust and The Six Dragons. The Enjin Coin (ENJ) network allows users to build their own communities, websites and even online shops.
Furthermore, Enjin Coin (ENJ) provides Efinity, a comprehensive platform that serves the needs of programmers, enterprises and regular people alike. Using the ERC-20 smart contract standard, it produces digital assets that may be purchased, sold and exchanged for fiat cash.
Up to this point, Efinity has released over 70 profitable NFT and cryptocurrency initiatives. The business has apparently established a $100 million fund to assist fund future initiatives as part of its strategy to become the preeminent application framework for Web 3.0. That’s why investors shouldn’t ignore Enjin Coin (ENJ).
Collateral Network (COLT) may increase by 35x
As the first global challenger lender, Collateral Network (COLT) is making waves in the financial industry.
Through a blockchain-based crowd-lending platform, it bridges the gap between the digital and real worlds. Using Collateral Network (COLT), borrowers from any part of the world will have access to the funds secured by their blockchain assets.
Collateral Network (COLT) users can operate as their own banks by lending small sums of money to each other at a predetermined interest rate.
Borrowers without the time or patience for the red tape of traditional banking can use Collateral Network (COLT) to get loans backed by their digital or physical blockchain assets.
To fund loans, Collateral Network (COLT) is the first blockchain project to mint NFTs for physical assets, fractionalize those NFTs, and make them available to the community.
COLT tokens are the system’s native currency. According to market projections, the value of a Collateral Network (COLT) token should go up by 35x during the next six months and the current price for the token is only $0.01.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateral
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