Safe Cryptos To Invest in During a Crypto Winter
14 December 2021 - 09:00PM
NEWSBTC
Crypto winters are one of the greatest fears of crypto investors
and are predicted to occur in four-year cycles, with the previous
cycle occurring in 2018. Moving forth to the year 2021, this
phenomenon is believed to have commenced in early November 2021,
where massive selloffs of Bitcoin and Ethereum took place as a
result of a collective of negative catalysts such as the US
Infrastructure Bill, China’s clampdown on Bitcoin mining and the
emergence of the Omicron Covid variant, just to name a few. As
popular as Bitcoin and Ethereum are, they are still considered as
speculative assets by many experts since they are heavily exposed
to high-volume trading and market manipulations on major exchanges.
Unfortunately, the performance of many crypto sectors and projects
closely follows the market patterns of Bitcoin and Ethereum, and
thus are not performing well in this crypto winter. Surprisingly,
in the midst of this winter, a rising crypto asset class, GameFi,
particularly a token such as Jedstar, has been less affected by the
effects of crypto winters. In this article, we will reveal how
Jedstar intends to shield itself against the negative effects of
crypto winters, as opposed to crypto behemoths, namely Bitcoin,
Ethereum and Binance Coin, and other GameFi tokens, such as Axie
Infinity and Decentraland. Briefly, GameFi is a booming crypto
sector that is projected to reach $180 Billion in 2021, with an
additional 10% increase in 2022. As a whole, the GameFi sector is
the key to crypto mass adoption as gamers are usually not concerned
about market corrections or crypto winters, and will continue to
acquire gaming tokens to play the games they love or purchase
gaming or virtual assets. Short term: Market Performance Following
the market trends of Bitcoin and Ethereum last month, many crypto
projects, including GameFi projects like Axie Infinity (AXS) and
Decentraland (MANA), experienced a similar decline in market caps
and prices, except for Jedstar. This is partially attributed to the
low market cap of Jedstar. At the time of writing, Jedstar ($JED)
holds a small market cap of only $22 Million USD, whereas AXS and
MANA share the same market cap of $6.1 Billion USD. Additionally,
JED, AXS and MANA have achieved their estimated market cap peaks at
$44 Million, $9.2 Billion and $10.6 Billion respectively. In the
previous month, $JED has gained a sharp increase in market cap from
$8.4 Million USD ($0.19 USD) to $22 Million USD ($0.5 USD). On the
other hand, the market cap of AXS has decreased from $9.2 Billion
($150 USD) to $6.5 Billion USD ($106 USD), while MANA saw an
increase from $5.3 Billion ($2.9 USD) to $6.4 Billion USD ($3.5).
Overall, in terms of market cap for this crypto winter, JED
achieved a marked increase of 161%, while AXS and MANA have gained
-29.3% and 20.8% respectively. Based on short-termed market cap
analysis, Jedstar has performed exceptionally well for the start of
this crypto winter, regardless of the fact that volatility has a
greater impact on lower market cap tokens. Long Term:
Diversification and Utility Jedstar consists of a 3-token
DECOsystem, where $JED has been launched 3 months ago, while its
second token $KRED is awaiting its presale event on 17 Dec 2021.
Acknowledging the devastating effects of crypto winters on
cryptocurrencies, Jedstar sets itself up for success by adopting
sector- and genre-related diversification strategies, as well as
embarking on a utility-focused mission in the long term. Firstly,
as a crypto-sector diversification strategy, Jedstar differentiates
itself from its GameFi counterparts, such as AXS and MANA, by
tapping into the booming crypto sectors of DeFi with $JED and
GameFi with $KRED. $JED is the flagship token of Jedstar and will
be developed into a full-fledged DeFi token, where investors stand
to earn KRED, JED-only perks as well as other additional crypto
rewards which are currently not yet revealed. On the other hand,
$KRED is primarily developed as a GameFi token to be used on
Jedstar’s NFT marketplace, AGORA, and its games platform, STARDOME.
Additionally, moving into the GameFi sector Secondly, adopting
game-genre diversification, Jedstar is currently working on
multiple Play-to-earn and blockchain game genres. For comparison,
P2E giants like AXS and MANA are primarily a single game and
virtualand respectively that revolves within their own metaverses,
whereas Jedstar is involved in the development of CCGs, MetaMMORPGs
and hundreds of hypercasual games as a full-fledged multimedia and
gaming studio. Jedstar has also revealed that it has plans for film
development and a Metaverse within its MMORPGs with intricately
woven fantasy lores. For the long term, not known to many, Jedstar
strives to further expand its utility through $KRED. $KRED
positions itself as a universal currency across multiple gaming
platforms and blockchain standards. Conventionally, in terms of
utility, GameFi tokens such as Axie Infinity and Decentraland are
generally market-monopolistic, wherein their tokens intend to only
serve and be used within their very own games, NFT marketplaces and
metaverses. As a solution to bring about mass adoption through
gaming, KRED deviates from the intended use of these ecosystems
through its unique utility where it is specially designed to be
blockchain agnostic and will be used as the world’s first CAAS
(Currency-as-a-service) across multiple games and platforms, which
are not required to be Jedstar-related. What this means is that the
use case of KRED is future-proofed and further magnified as it can
now be used by any entities involved in blockchain gaming, while
not being technologically limited by any new blockchain standards
in the foreseeable future. In essence, diversification into the
DeFi and GameFi crypto space, coupled with the development of
multiple game genres and unique utility of $KRED, Jedstar is well
equipped to protect its investors from the negative influence of
future crypto winters. Disclaimer: This is a sponsored post.
The content for this article is provided by Jedstar. The
statements, views and opinions expressed in this column are solely
those of the content provider and do not necessarily represent
those of NewsBTC. NewsBTC does not guarantee the accuracy or
timeliness of information available in sponsored content like the
one above. Image: Pixabay
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