AnalysisMarket Analysis – Invezz

GameFi tokens to get as an alternative to Axie Infinity after its breach: JEWEL, IMX, YGG and STARL

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Sky Mavis, which is the developer of Axie Infinity AXS/USD, made an announcement that $625 million worth of cryptocurrency had been stolen from Ronin, which is the underlying blockchain of the popular crypto game.

Sky Mavis claims that they are working with law enforcement as a means of recovering the 173.600 Ethereum tokens which were stolen, alongside the 25.5 million USDC tokens. 

DeFi Kingdoms JEWEL/USD, Immutable X IMX/USD, Yield Guild Games YGG/USD, and StarLink STARL/USD are all solid alternatives to Axie Infinity.

Should you buy DeFi Kingdoms (JEWEL)?

On March 30, 2022, DeFi Kingdoms (JEWEL) had a value of $9.56.

jewel usd

The all-time high value of DeFi Kingdoms (JEWEL) was on January 5, 2022, when the token reached a value of $22.52.

When we look at the performance of the token in February, DeFi Kingdoms (JEWEL) had its highest point of value on February 9, when it reached $9.94.

The lowest value point for the token was on February 24, when the token decreased to $4.63. This means that the token decreased in value by $5.31 or by 53%.

However, the token increased in value from then by $4.93 or by 106%. With that in mind, we can expect JEWEL to reach $15 by the end of April 2022, making it a solid token to buy.

Should you buy Immutable X (IMX)?

On March 30, 2022, Immutable X (IMX) had a value of $2.63.

imx usd

The all-time high value of Immutable X (IMX) was on November 26, 2021, when the token reached a value of $9.52.

When we look at last month’s performance of the token, Immutable X (IMX) had its highest point of value on February 3, when it reached $4.09.

Its lowest point, however, was on February 24, when it saw a value of $1.33. This means that the token decreased in value by $2.76 or by 67%.

However, from February 24 to March 30, the token increased in value by $1.3 or by 97%. With this in mind, IMX can reach $3.5 by the end of April, making it a solid buy,

Should you buy Yield Guild Games (YGG)?

On March 30, 2022, Yield Guild Games (YGG) had a value of $2.91.

ygg usd 1

The all-time high value of Yield Guild Games (YGG) was on November 20, 2021, when the token reached a value of $11.17.

When we dive deep into the performance of the token throughout the previous month, Yield Guild Games (YGG) had its highest value on February 7 at $4.04, while its lowest was on February 24 when it decreased to $2.36. This was a decrease of $1.68 or 41%.

However, the token has increased in value to $2.91 since then and can reach $3.2 by the end of April 2022, making it a solid alternative token to get.

Should you buy StarLink (STARL)?

On March 30, 2022, StarLink (STARL) had a value of $0.00001832.

starl usd

The all-time high value of StarLink (STARL) was on November 25, 2021, when the token reached $0.00008821.

Going over the token’s value throughout February, StarLink (STARL) had its highest value on February 6 at $0.00002871 and its lowest point on February 24 at $0.00001345.

This means that from February 6 to February 24, the token decreased in value by $0.00001526 or by 53%.

However, from February 24 to March 30, STARL increased by $0.00000487 or by 36%.

With this in mind, we can expect STARL to reach $0.00003 by the end of April 2022.

The post GameFi tokens to get as an alternative to Axie Infinity after its breach: JEWEL, IMX, YGG and STARL appeared first on Invezz.

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