Top 5 NFT P2E Web3 Crypto Games Gala, BLOK, DAR, ENJ & PYR May 2022 | Tone Vays & Fed Jerome Powell Bitcoin Crash

Market Turns Bearish

With a massive drop we’ve seen in the last two days, Bitcoin seems to be biting the dust once more after another long-awaited surge. 

Consequently, many altcoins, metaverse, and crypto gaming tokens saw a double-digit loss in the past seven days. 

DCA All the Way

As strange as it may sound to newcomers, the recent Bitcoin and crypto market crash offers an exciting playfield for experienced traders and seasoned blockchain vets who are always watching closely for an investment opportunity where they can leverage a proven DCA strategy (dollar-cost averaging). 

Falling Knife

However, there’s always the risk of being too fast and shooting from the hip, catching a “falling crypto knife” since the things could get out of hand in a more brutal fashion.

Moreover, with the further warning of the prolonged Bitcoin downfall that could see the mother of all crypto possibly touching $21k to $23k and pouring cold water on the bull’s hopes, we might be in for a wild ride. 

Crypto Bear Market Strategy

However, when the market is down, we need to keep a close eye on it to avoid losing the chance to get in at the right time

Watchful Eye

We might be able to spot a perfect moment to jump back into the action if we just observe and keep our attention intact on what Bitcoin does in the next period.

The Crypto Bear Market Plan

So, what is the narrative, what can we do to approach the metaverse projects and crypto gaming tokens at a good time, and how do we do this?

Despite the overall bear market at the moment, NFTs, Metaverse, and Crypto Gaming trends are still generally on the upswing, which is truly interesting to see.

For the most part, the bear market is a great equalizer and an investing superposition to be in when it’s happening. 

Technicals

Why Did this Crash Happen?

Cryptocurrencies and crypto stocks plummeted yesterday as investors digested recent policy moves by the Federal Reserve, which are currently under intense scrutiny by the market.

What does this mean?

As a result of the Federal Reserve raising its overnight lending rate by a half-point yesterday, crypto stocks and cryptocurrencies are experiencing extreme volatility. This is the biggest rate hike by the Fed in the past twenty years.

Over the past several months, the Fed has been trying to tame extremely high inflation

Furthermore, the agency elaborated on its previously disclosed plans to reduce its $9 trillion balance sheet, which spiked during the pandemic when the Fed bought bonds to support the economy. 

As of September, the Fed plans to run off $95 billion of bonds a month from its balance sheet, which could reduce its balance sheet by more than $1 trillion in a year.

Yesterday’s Fed decision had a positive impact on world markets. The Dow Jones Industrial Average gained 900 points. 

Investors were pleased that Fed Chairman Jerome Powell said at this time the Federal Reserve is not considering a rate hike of 0.75%Despite that, the 

Dow Jones has dropped nearly 1,100 points as of this writing, reversing its course.

“What happened yesterday was great for traders, but we should expect what has continued to happen for the past several weeks,” Mike McGlone, a commodities strategist with Bloomberg Intelligence told Yahoo! Finance

“That is, the Fed emboldened against inflation and risk assets going down.”

What’s next?

Historically, Bitcoin and other cryptocurrencies have acted similarly to tech stocks after Fed meetings that involved noteworthy policy decisions, and that seems to be the case here as well. 

As a result, there are some concerns that as interest rates rise and the Fed reduces its balance sheet, cryptocurrency exchanges may not be able to pull liquidity from the economy in a significant way.

Due to the fact that the Fed floods the market with bonds, the supply of bonds will increase, driving down bond prices and rising bond yields, which have an inverse relationship with bond prices. 

As US Treasury bonds that pay out a higher yield become more popular, riskier assets such as high-growth tech stocks and cryptocurrencies may be less appealing

Crypto Market is Looking Extremely Bearish

Currently, the outlook is extremely bearish, and we may experience quite some discomfort. Here’s what a prominent crypto analyst Tone Vays says:

Netflix or Going All In?

For those of the faint heart, we recommend staying safe out of the Crypto Arena and enjoying watching Netflix; you’ll feel less stressed once when the tides turn.

But, this may be the chance for all those rare birds that have been in the game long enough and have the guts to pull the trigger on what the tumbling crypto market may offer, and they can start taking the bets now

Why? It is likely that the majority of metaverse and crypto gaming coins – even a decent one – will be on sale pretty soon, and you can just pick the consistently good ones

There are signs on the wall that we are going to witness a massive Metaverse and Crypto Gaming Token run with companies from all over the world participating. It is just a matter of time before that happens.

The Winner Takes It All

Therefore, during the current bear market, we’re listing the Top 5 Metaverse & Crypto Gaming NFT Coins for April 2022 to help you pick the possible winners once the market recovers.

Proceed with all the precociousness, Godspeed, and safe hunting!

Top 5 Metaverse & Crypto Gaming NFT Web3 Coins

Gala Games

The Gala Games (GALA) runs on the Ethereum Blockchain and on Binance Smart Chains (BSC).

Shakes Up the Status Quo

Gala Games defies the established gaming industry status quo and forges an entirely new route. Today’s video game industry norms are much different; users might spend hundreds of dollars on in-game assets and spend endless hours enjoying virtual worlds just to have everything taken away in an instant. 

By altering the present state of affairs, the Gala Games aims to offer the players greater authority. It aspires to introduce innovative thinking to P2E games by giving users control over in-game assets via blockchain technology.

Impressive Numbers

Gala Games has attracted over 1.3 million monthly active users and sold 26,000 NFTs, the most costly of which is worth $3 million, since its introduction in 2019.

Not One but Many

It is absolutely essential to highlight that Gala Games (GALAis not a single game but rather a catalog of web3 p2e blockchain games that prioritize the user’s experience over the technical aspects of the blockchain.

Gala’s platform is home to a half-dozen games under development that are powered by blockchain. Space exploration, RPGs, and tower defense are among the available game genres.

Gala Marketplace

Players can easily purchase and trade in-game assets using Gala Games’ built-in web3 marketplace. Having quick access to liquidity allows gamers to take advantage of game incentives or purchase new game objects or characters to spice up their gaming.

Gala Platform & Polygon

Gala intends to build its own platform in order to make its p2e gaming environment more compatible with blockchain technology. Gala recently collaborated with the Polygon network and is keen on increasing cross-chain access to its gaming systems so that many other networks and layer-2 solutions may use them.

Here is more information about Gala Games.

Bloktopia 

Bloktopia (BLOK) is a decentralized Web3 Crypto Gaming Metaverse hub powered by Polygon, aimed to provide the crypto community with an incredible VR experience and unite players in one immersive and entertaining virtual environment.

Virtual Skyscraper

With its stunning and eagerly awaited Alpha Version, Bloktopia Metaverse sets the bar high when it comes to developing immersive Web3 virtual worlds

As an early mover that is constantly pushing the envelope and making new significant partnerships almost on a daily basis, it puts itself at the top of the Metaverse game

The Bloktopia Metaverse (BLOK) is essentially a Virtual Skyscraper, a 21-story structure dedicated to commemorating 21 million Bitcoins. The Skyscraper will serve as the central crypto web3 hub and meeting point for all levels of crypto knowledge.

Metaverse Hub

Bloktopia (BLOK) will bring together crypto-related knowledge and interactive content under one single roof for the very first time. Bloktopians are the token owners, and Bloktopia will act as a primary center for crypto fans around the world of any and all levels.

Bloktopia uses VR to connect, play p2e crypto-based games, enjoy, and participate in a variety of ways, allowing for a first-person experience not accessible anywhere else.

P2E Games and Virtual Real Estate

Players can earn revenue in Bloktopia through a number of means, including real estate ownership, advertising income, and Play-To-Earn games and activities.

Mines of Dalarnia

Mines of Dalarnia (DAR) is a Binance Launchpool project. It’s a peer-to-peer (P2P) game hosted on the Binance Smart Chain platformDAR is the official governance token of this p2e game, and it may be farmed by staking BNB and BUSD in different pools provided by the Binance platform.

The theme of this web3 action-adventure p2e game is a mash-up of dungeon game genres and mining. Players mix various in-game elements to unveil the mysteries of the MoD metaverse while fighting adversaries and looking for rare relics and artifacts.

Governance Decentralization

Mines of Dalarnia (DAR) aspires to be a Web3 multi-layered structure that matches game roles while allowing all active members to make in-game direction decisions to some extent.

DAR intends to evolve into a self-contained, player-owned experience platform maintained and supported by the community. All token holders will have access to governance features, which will be gradually distributed once the development team has defined the game’s core idea.

The primary goal of the governance structure at first will be to empower in-game choices and establish a percentage on staking payments.

DAR Roadmap 2022

The Robo Canary Genesis edition, Dalarnia testnet tokens, and other recent DAR platform enhancements that increase gameplay are examples of future plans.

The DAR team intends to introduce more terrains and a decentralized governance module. DAR intends to integrate NFT-based in-game assets and side missions in 2022. 

Planets Staking Pools

Mines of Dalarnia DAR allows in-game asset owners to host their property and participate in the planet’s staking pool. As a reward for their mining efforts, they have the option to improve their odds and get rare NFTs. Furthermore, they gain access to an in-game transportation system that allows miners to go to that planet by paying “Engagement Points” and preserving their valuable DAR money.

Game Native Currency

DAR is the native and primary currency in the Mines of Dalarnia, and it will be used for everything in-game, including upgrades, governing, processing fees, and many other things.

P2E Feature & Marketplace

DAR is the exclusive reward granted within the game anytime a player conducts in-game actions like gathering minerals, competing, etc. DAR may also be used to purchase NFTs from the marketplace and to exchange users’ tools for unique web3 NFTs in the Mines of Dalarnia.

Staking DAR

DAR tokens can be staked in the planet’s staking pools, which helps gamers in leveling up faster and progressing much easier as compared to other gamers who haven’t staked their DAR tokens. This feature, however, will only be available after a certain playing level in the Mines of Dalarnia.

Mines of Dalarnia (DAR) can be traded on Binance,Gate.io, Uniswap, and other exchanges.

Enjin (ENJ)

Through its multi-dimensional product range, the Enjin platform is the leading web3 ecosystem for non-fungible tokens (NFTs), enabling the production, exchange, storage, trading, and even integration of decentralized digital assets.

The Enjin (ENJ) platform can even tokenize real estate alongside NFTs (non-fungible tokens), digital coupons, and several other virtual products that may be utilized across a variety of video games. 

Besides a wide range of gaming apps, Enjin adopters are using the platform to build Enjin (ENJ)-compatible digital web3 assets for creative purposes.

Enjin’s debut on the Ethereum Blockchain

Enjin (ENJ) was created on the Ethereum blockchain on December 31, 2017, after raising $18.9 million in an ICO. Nonetheless, Enjin has been operational since the launch of its gaming community platform in 2009.

Enjin Founders

Maxim Blagov and Witek Radomski founded Enjin in 2009. They organically grew their initial product, the Enjin Network, to over 20 million players globally over the following decade.

In 2017, the business had a successful ICO for Enjin Coin and began to pioneer a vision for NFTs, creating an ecosystem of user-first solutions that make it simple to produce, trade, monetize, and sell using the blockchain.

Ahead of the Curve

Enjin spearheaded the NFT movement on Ethereum by developing the sophisticated ERC-1155 token standard, which is used in conjunction with a one-of-a-kind token infusing mechanism that today supports billions of digital assets on the blockchain.

Here is more information about Enjin.

Enjin (ENJ) can be traded on Binance, Coinbase, Gate.io, KuCoin, and other exchanges.

Vulcan Forged (PYR)

Through its development programs, incubation, and crowdfunding, Vulcan Forged was designed to be an easy-to-use and easy-to-build web3 ecosystem that facilitates the creation of world-class web3 blockchain p2e games.

With Vulcan Forged (PYR), blockchain game enthusiasts can buy, sell, or trade digital in-game assets and play popular games.

Vulcan Forged offers its players a number of ways to earn money, including battling rivals, exploring the location, upgrading their land, and discovering mythology worlds.

Among Vulcan Forged’s most popular p2e games is VulcanVerse, in which players can purchase and upgrade their land while earning non-fungible tokens (NFTs). 

The VulcanVerse game is an open-world MMORPG created by fighting fantasy authors. All stakings, settlement, and utility functions are controlled by the Vulcan Forged PYR token

Vulcan Forged PYR token can be traded on Binance, KuCoin, Gate.io, and other exchanges.

Bloktopia News

Disclaimer: The information provided on this page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and it should not be treated as such. This content is the opinion of a third party, and this site does not recommend that any specific cryptocurrency should be bought, sold, or held, or that any crypto investment should be made. The Crypto market is high-risk, with high-risk and unproven projects. Readers should do their own research and consult a professional financial advisor before making any investment decisions.

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