Neoxa Blockchain & Gaming Porthole

By Sapphire Crypto | Sapphire Crypto | 29 Nov 2023


A Sector Rich In Opportunity

Neoxa is an altcoin I leaked on INLEO a few days ago. Its daily surge of almost 50% was simply too much not to announce, and so, INLEO subscribers were able to hear about it first. Yes, Neoxa is another gaming play and has been performing relatively well over the past few weeks. According to CoinGecko, Neoxa is up 157% over the past two weeks. Gaming projects, in general, are performing phenomenally well at the moment. I have been monitoring several gaming projects, and Neoxa is one of them.

Neoxa creates an opportunity for gamers to begin earning NEOX without needing to invest. Many Play2Earn games require some sort of investment, often in the form of NFTs. Neoxa is a Proof-of-Work chain that also offers smartnodes, as well as Proof-of-Game. Neoxa monetizes already existing games such as Rust and Minecraft. Neoxa also has a marketplace that is intentionally designed to benefit the price of NEOX.

All NEOX that is spent in the marketplace is forever burned. This reduces the circulating supply and enhances the supply/demand dynamic, ultimately favoring the appreciation of NEOXRavencoin has a similar dynamic, in that all fees associated with token creation are also burned. In other words, the more aggressively the service is utilized, the more tokens are removed from the circulating supply. This creates a double-whammy effect.

Gaming is still going to be a stellar performer in this bull market. One of the key factors drawing me to this sector is that many of these projects are still micro-caps. When a sector performs well, and many of the projects within that sector are still rather insignificant, in terms of market cap, you can begin to imagine the gains to be had. It all comes down to identifying alpha. Ideally, you want exposure to smaller projects that are poised for greatness. Gaining exposure to the right micro-caps is incredibly powerful.

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Neoxa has a market cap of approximately $17 million. Identifying solid projects under $20 million is key, in my opinion. The current price of NEOX is “0.0042 and is available on MEXC. Neoxa is perhaps not as slick in its packaging and presentation. However, I believe it will still be a fairly good performer within the gaming sector. When it comes to gaming, I must admit, I am most bullish on DIO. I uncovered DIO at $0.02 and have no doubt it will surpass a dollar in 2025.

At the end of the day, it’s about diversification. Sometimes, even the most unlikely choices rally beyond expectation. I think Neoxa offers enough potential to validate a modest level of exposure. As I always say when it comes to micro-caps:

If a project performs, you can look at adding to your position during corrections.

It is however wise, especially regarding smaller projects, to first wait for positive movements in terms of price action. Many projects are Fundamentally sound, but for some or other reason, never take off. In my opinion, all micro-cap investments should begin modestly. Especially, since there is significant upside on offer, if indeed the project succeeds.

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Final Thoughts

I like the idea of Neoxa, in terms of gaining increased exposure to the gaming sector, while simultaneously, diversifying further. I may change my mind if it begins to perform better than anticipated. However, for now, DIO is where my sites are set. It’s extremely well-packaged and is a Solana-based project. Essentially, the layer 1 effect will also fuel further growth and price appreciation. Anyway, that’s it for this one. Catch you in the next one!

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Disclaimer

First of all, I am not a financial advisor. All information provided on this website is strictly my own opinion and not financial advice. I do make use of affiliate links. Purchasing or interacting with any third-party company could result in me receiving a commission. In some instances, utilizing an affiliate link can also result in a bonus or discount.

This article was first published on Sapphire Crypto.

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Sapphire Crypto
Sapphire Crypto

Interesting views, news, opinions and all things Crypto. Independent and honest assessments of Crypto projects and earning opportunities within the space. Opinions are my own and not financial advice. Sapphirecrypto.org


Sapphire Crypto
Sapphire Crypto

Interesting views, news, opinions and all things Crypto. Independent and honest assessments of Crypto projects and earning opportunities within the space. Opinions are my own and not financial advice.

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