The market has been recovering over the past few days, giving investors a break from the weeks-long rollercoaster that has been going on since the Russian invasion of Ukraine.
Stay hopeful! As in any situation, periods of intense volatility and extreme price movements have their silver lining, which is when new investment opportunities suddenly reappear, providing attractive long-term growth prospects for any investor.
This article will present three projects – two of which are in their launching phase – developing promising entertainment-related ecosystems with strong growth potential!
Axie Infinity (AXS)
Axie Infinity (AXS) is currently one of the hottest names in the cryptocurrency universe – if you haven’t heard it yet, you probably will soon.
In essence, Axie Infinity is a Pokemon-like, blockchain-based, play2earn gaming platform that allows its users to engage in play-and-battle games.
Players can buy cute-looking fictional creatures inspired by fantastic universes, and can then raise, breed, and even battle them which in turn wins them rewards with real-world value.
Each Axie is a Non-Fungible Token, or NFT, meaning that it is unique and that its ownership is recorded and publicly available on the blockchain. Each Axie has unique individual attributes, each with a various degree of rarity, making certain Axies rarer, and therefore more valuable than others.
Axie Infinity experienced massive success in Asia, particularly in the Philippines, where people have been able to create full-time income streams by simply playing (and earning) on the platform.
After that astounding initial success, Axie Infinity is faced with the challenge of expansion into the European and American markets.
With its compelling universe, addictive gameplay, and ability to monetize time, Axie Infinity certainly has the potential to repeat its success and further increase its user base.
As an investor, buying into AXS coin is the best way to take part in that explosive growth before it soars!
Mithril Finance (BARS)
Mithril Finance (BARS) is another project developing a fantastic-themed ecosystem aimed at generating value for its users.
While Axie Infinity draws its inspiration from the Pokemon universe, Mithril Finance takes it from the Lord of the Rings one.
The Mithril finance ecosystem plans on offering its users access to mines, furnaces, and a forges where investors can transform raw mithril ore into NFTs and other yield-generating assets when mined beforehand.
The Mithril Finance team counts on offering its users the opportunity to stake and farm its native token, BARS, in order to further increase their returns.
Moreover, Mithril Finance will create its own decentralized exchange, called MithrilFinanceSwap, where users will be able to exchange decentralized tokens with a higher transaction speed than the larger Ethereum (ETH) or Bitcoin (BTC) networks, for a fraction of their cost.
Due to launch in the early spring of 2022, this ambitious project is still flying under the radar but won’t be for much longer!
Launched on March 17th 2022, ApeCoin (APE) is one of the most recent explosive crypto-tales to date. APE is the token of the Bored Ape Yacht Club (BAYC) community, which has received massive spotlight over the last months.
BAYC is a Non-Fungible Token (NFT) collection of 10,000 algorithmically-generated profile pictures representing fierce-looking monkeys each displaying their individual features and various levels of rarity.
Many celebrities have shown their interest in the BAYC collection, with personalities such as Snoop Dogg, football player Neymar Jr., or talk show host Jimmy Fallon buying into the exclusive chimpy club.
Following its market launch, APE instantly became one of the most exchanged assets within the 1,000 largest Ethereum (ETH) wallets and was in the Top 10 most bought tokens.
This fantastic reception by the crypto community is talkative of the identity, brand image, and community that the APE team has been able to create over the last months.
APE is now listed on major exchanges like Coinbase and Binance and has already generated a 1200%-plus return over the last seven days. The fast-increasing popularity of the APE ecosystem creates high hopes for the future of ApeCoin!
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