Non-fungible tokens (NFTs) are in some way behind decentralized finance – the most important thing that ever started in a decentralized network. Crypto projects from this sector perform well in the stock market because they benefit from ” hype “from the moment. CryptoBlades is a new project in the NFT sector that is attracting the attention of many investors.
Moreover, the cryptocurrency has shown impressive progress during this trading session. It increases by 100% daily. It should be noted that the CryptoBlades (Skill) course is very volatile… As of this writing, SKILL’s pricing ranged from $ 178 to $ 144 and $ 118 in less than 10 minutes.
What’s interesting with the cryptocurrency is that in over a week it started a bullish move that never stopped.
First, a presentation of the CryptoBlades project?
CryptoBlades is one of the game tokens. The most recognizable gaming token is Axie Infinity. This cryptocurrency is in the cloud as its performance is impressive. According to Coingecko, Axie Infinity has already posted 1083% growth in 30 days.
As for CryptoBlades, it originated in the Binance Smart Chain decentralized infrastructure. It was created by Riveted Games, a video game development company that has been in the gaming industry for over 7 years.
Cryptoblades is a crafting game that allows players to earn cryptocurrency rewards if they manage to challenge their enemies. The SKILL token is used as the exchange currency for platform rewards. This allows players to buy weapons and levels in the game.
The principle of the CryptoBlades platform is simple. The more weapons you have, the better you can defeat enemies. And as a result, earn rewards (SKILL tokens). CryptoBlades is also a platform for NFT creation SKILL.
Crypto grows with the advent of gaming tokens
SKILL entered the market at $ 2.29 on May 9, 2021. Two weeks later, the crypto sector suffered from the collapse caused by the repression in China and the reversal of the Elon Musk case. Its price dropped to $ 1.54. Like other cryptocurrencies, SKILL’s price struggled to overcome the crisis. Crypt spent over 45 days for between $ 1 and $ 6.
The cryptocurrency became popular when the stock market exploded in gaming tokens. The SKILL price has dropped from $ 1.24 on July 9 to $ 125 at the time of writing. CryptoBlades owes its appearance to a tweet on the platform’s AMA section on Reddit. Following the tweet, SKILL’s price went up 160% in 24 hours.
Is it worth investing in a project?
CryptoBlades is a crypto project with big ambitions in the world of NFT gaming. The platform developers intend to make important updates to the network. It is possible that these changes will positively affect the further development of the project in the future.
While Wallet Investor is not overly optimistic about the future of cryptocurrency, DigitalCoin believes that cryptocurrency may still be making headway in the stock market in the coming years. WalletInvestor predicts the CryptoBlades price will drop to $ 35 within a year. DigitalCoin predicts that the cryptocurrency price will be $ 179 in 2022.
It should be noted, however, that the price of the cryptocurrency has been very volatile in the past few days. A prediction based on this data may not be accurate given that there has been a lot of pressure on the cryptocurrency lately. However, this is not all that CryptoBlades has no reason to further advance in the market.