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Although I am not an expert in investments, I believe that particular cryptocurrencies related to gaming could be a risky investment in the next year.
We will answer this question referencing crypto gaming coins. Though always differentiate coins versus tokens for your investment portfolio.
Imagine when the price of cryptocurrency was high, people were playing a game called Axie Infinity because they thought they could make money from it. Now that the price has gone down, people are less interested in playing because they don't think they can make as much money. Some people are even in debt because they spent money on the game when the price of cryptocurrency was high.
This warning applies to games like The Axie Infinity and many shit games that take place in a virtual world. But some games may be more fun to play and more sustainable than Axie Infinity, though they are not as high quality as many people might think and could easily lose players if the cryptocurrency market doesn't improve.
The entire crypto game coins are tied to the success of the game, but many of these games are new and don’t have a supportive fan base. But investing in blockchain and crypto gaming projects is worth it when you understand the gamification mechanisms set for your crypto gaming project, ecosystem gaming cryptos like (i.e. Enjin Coin, Immutable X, Tamadoge, Illivium etc) could be worth your time and money. Why? They offer many games, this can drive the value of game coins. Also, they provide infrastructure for gaming and trading of NFTs.
Although, these games conceptualise the Play-to-Earn models which have largely been criticized as a consumer slave concept. The realm of Play & Earn is championing a different paradigm. The long-term investment is based on value-producing assets but most Play-to-Earn games put more effort into rewards than user-friendly games while Play & Earn puts effort into the gaming experience. is the latest platform leveraging Play & Earn I hope you check it.
DISCLAIMER: This article is meant to be educational and it should not be considered a piece of investment advice. As greedy as crypto is, I will never advise you to invest in crypto, always DYOR.
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