Safe Cryptos To Invest In During A Crypto Winter

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Crypto winters are one of the biggest fears of crypto investors and are expected to occur in four-year cycles, with the previous cycle occurring in 2018. Moving on to the year 2021, this phenomenon is said to have started since early November 2021, where massive Bitcoin and Ethereum sales have taken place as a result of a collective of negative catalysts such as the U.S. infrastructure bill, China’s crackdown on Bitcoin mining, and the emergence of the Omicron Covid variant, to name a few.

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As popular as Bitcoin and Ethereum are, they are still considered speculative assets by many experts as they are highly exposed to high volume transactions and market manipulation on major exchanges. Unfortunately, the performance of many crypto sectors and projects closely follows the market models of Bitcoin and Ethereum, and therefore does not perform well in this crypto winter.

Surprisingly, in the middle of this winter, a rising crypto asset class, GameFi, particularly a token such as Jedstar, was less affected by the effects of crypto winters. In this article, we will reveal how Jedstar intends to guard against the negative effects of crypto winters, as opposed to crypto monsters, namely Bitcoin, Ethereum, and Binance Coin, and other GameFi tokens, such as Axie Infinity and Decentraland.

In short, GameFi is a booming crypto industry that is expected to reach $ 180 billion in 2021, with an additional 10% increase in 2022. Overall, the GameFi industry is key to mass adoption of crypto because players are generally not concerned about market corrections. or crypto winters, and will continue to acquire gambling tokens to play the games they like or purchase games or virtual assets.

Short term: Market performance

Following the market trends of Bitcoin and Ethereum over the past month, many crypto projects, including GameFi projects like Axie Infinity (AXS) and Decentraland (MANA), have seen a similar drop in market capitalizations and prices, to the exception of Jedstar. This is partially attributed to Jedstar’s low market capitalization.

At the time of writing, Jedstar ($ JED) has a small market cap of just US $ 22 million, while AXS and MANA share the same market cap of US $ 6.1 billion. Additionally, JED, AXS and MANA hit their estimated market capitalization peaks of $ 44 million, $ 9.2 billion and $ 10.6 billion respectively.

During the previous month, $ JED experienced a sharp increase in its market capitalization from US $ 8.4 million (US $ 0.19) to US $ 22 million (US $ 0.5). On the other hand, AXS’s market capitalization increased from $ 9.2 billion ($ 150) to $ 6.5 billion ($ 106), while MANA increased by $ 5.3 billion (2 , $ 9) to $ 6.4 billion (3.5). Overall, in terms of market capitalization for this crypto winter, JED saw a sharp increase of 161%, while AXS and MANA gained -29.3% and 20.8% respectively.

Based on a short-term market cap analysis, Jedstar has performed exceptionally well for the start of this crypto winter, regardless of whether volatility has a greater impact on small market cap tokens.

Long term: Diversification and utility

Jedstar consists of a 3-token DECO system, where $ JED was launched 3 months ago, while its second $ KRED token awaits its presale event on December 17, 2021. Recognizing the devastating effects of crypto winters on In cryptocurrencies, Jedstar is preparing for success by adopting sector and gender diversification strategies, as well as by engaging in a long-term utilitarian mission.

First, 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 Jedstar’s flagship token and will be developed into a fully-fledged DeFi token, where investors can earn KRED, JED-only benefits and other additional crypto rewards that are currently not yet revealed. On the other hand, $ KRED is primarily developed as a GameFi token for use in Jedstar’s NFT marketplace, AGORA, and its gaming platform, STARDOME. In addition, moving into the GameFi sector

Second, by embracing the diversification of game genres, 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, virtual game and run in their own metavers respectively, while Jedstar is involved in the development of CCG, MetaMMORPG, and hundreds of hypercasual games as a full-fledged multimedia and games studio. Jedstar also revealed that he has plans for film development and a metaverse in his MMORPGs with finely woven fantasy lore.

For the long term, unknown to many, Jedstar strives to further expand its usefulness through $ KRED. $ KRED is positioned as a universal currency across multiple gaming platforms and blockchain standards. Traditionally, in terms of utility, GameFi tokens such as Axie Infinity and Decentraland are generally market monopolists, with their tokens only intended to serve and be used in their own games, NFT markets, and metavers. As a solution to drive mass adoption by gaming, KRED departs from the intended use of these ecosystems through its unique utility where it is specifically designed to be blockchain agnostic and will be used as the first CAAS ( Currency-as-a-service) in the world) across multiple games and platforms, which don’t have to be related to Jedstar. This means that KRED’s use case is future-proof and further amplified as it can now be used by all entities involved in blockchain games, without being technologically limited by new blockchain standards in the future. predictable.

Essentially, the diversification into the DeFi and GameFi crypto space, coupled with the development of multiple game genres and the unique utility of $ KRED, Jedstar is well equipped to protect its investors from the negative influence of future crypto winters.

Note: Investing in cryptocurrency is subject to risk and readers should do their own due diligence. Entrepreneur Media does not approve of such an investment.

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