The PC gaming market was estimated to be at almost $37 billion in 2020. It is no wonder why many cryptocurrency projects out there have been trying to innovate the gaming industry through blockchain technology. The main issue with most games is the fact that they are centralized. At some point servers for a specific game you love will shut down and your in-game items will be gone.
However, there are projects that try to mix things up and bring this value back to the player, such as Decentraland MANA/USD and Enjin Coin ENJ/USD.
Should you invest in Decentraland?
Decentraland is a virtual reality platform powered by the Ethereum blockchain and allows users to create, experience as well as monetize content as well as applications by purchasing plots of land which they can later build upon.
Decentraland was trading at $0.79 on May 31. One month ago it had a value of $1.48 while it was trading at $1.02 in March. This implies the cryptocurrency had a rough few months.
However, if we go further we can see Decentraland was trading at $0.23 in late February. In other words, Decentraland investors that have held since February are still up more than 240% despite recent weakness.
This means that you should invest in Decentraland if you see it at around $0.80, due to the fact that it has the potential of growing over $1.20 easily. However, if you see it fall below $0.50, it might not be that wise of an investment and you should wait for signs the selling momentum has ended.
Should you invest in Enjin Coin?
Enjin Coin is a project of Enjin which is a
