How to find GOOD crypto games early
The crypto space, especially at this current bear market, experienced a surge of blockchain games crashing with many people being affected because of poor investment. In this article, you will learn how to not only find good crypto projects to invest in, but also make a profit from doing so.
First step: Read the whitepaper and research about the team.
This first step is probably the most obvious one. In order to make a good crypto investment, you MUST make sure that the project is legit and safe. If the team, for example, has a record of scamming, it is recommended to not invest in their project. You should also make sure that their token is a real token and not a scam token.
If they check all the boxes of being a real and legit project, you should read their official whitepaper that explains how the game functions and work before moving on to the second step.
Second step: Know whether the game is entertaining.
The main primary reason why many blockchain games eventually die out is whether the game is actually fun to play. Take Axie Infinity for example, the game, at first, was a huge success. However, it eventually lost players over time and was eventually swept away by the bear market. What went wrong? During Axie Infinity's "Golden age," people only invested and played for the promise of earning SLP (The game's currency that is earned through playing) and not for the fun of it. This eventually led to its downfall during the bear market, as there was no longer an incentive for people to play it anymore.
The main point is that for a crypto game to succeed, the must have an entertaining game to survive the ups and the downs of the market. If the game in question that you are researching does not contain a loyal player base and is only attractive for its earning potential, it will most likely die out sooner or later.
Third step: Check if the game is losing their following.
The worst feeling is to invest in a game when the game is already about to die out. To avoid this, make sure to research whether or not the player base is satisfied or dissatisfied. For example, one way to tell is if the players are beginning to quit in a large rate or complaining to the project's team. Another way to tell is whether the token is losing too much value in a short amount of time, which usually means that a large chunk of the player base gave up on the project and moved on.
If the project passes this test, then proceed to the fourth step.
Fourth step: Invest wisely.
Once you made sure that the game is a real and entertaining game that has a loyal following, you should invest with caution and weigh in risks and rewards. Start by investing slowly in small portions to minimize risks, as all investments contain some sort of risk. If you are investing during a bear market, you have to learn how to control your fear of losing money in the short term.
During a bull market, you should learn to sell your investments over time, as in any time, the market could crash.
Tools:
1: playtoearn.net:
playtoearn.net is the best tool for finding almost any blockchain project out there. Using the tool, you could figure out how popular a project is, or you could discover hidden games that you have never seen before. It is highly recommended to do your own research once you have found a project in question to invest into.
2: VersaGames (https://versagames.io)
VersaGames is a great tool for discovering many projects. By default, they link the game's main website and twitter for sources of research on the project. Just like PlayToEarn.net, however, it is recommended to do your own research of the project in question.
