🚨Everyone, please be more patient with the#GameFitrend!!!💪💪
Many opinions believe that the GameFi trend has lost its appeal compared to the end of 2021 and early 2022, as evidenced by Coingecko's statistics by the end of the first quarter of 2024 showing that the profits generated by GameFi are far behind the trends. like #AI,#RWAor #Memecoin.
(Source: https://coingecko.com/.../most-profitable-crypto-narratives)
Besides, data from top chains Ethereum, Solana, Arbitrum... also recorded GameFi's contribution to the number of active wallet addresses per day, number of transactions, total gas fees... is inferior to DeFi, Memecoin and NFT.
👉However, from an individual investor's perspective, CafeiBit believes that the GameFi trend has not lost its appeal, but is just waiting for the moment to explode when the general market is more stable.
Specifically, the reason is GameFi or "Play to Earn", which always includes two elements "PLAY" and "EARN". To be able to "EARN" well, the market must continue to grow and have abundant new cash flow. Only then can the advantages of the "PLAY" factor such as beautiful graphics, rich storylines, and strong community be promoted to attract new players and retain old ones.
👉In short, if GameFi of the 2021 - 2022 period is criticized for being bad, monotonous, and unstable due to hasty construction to catch the wave, then many GameFi 2024 projects have overcome the above weaknesses and only Wait for the general cash flow of the market.
In addition, GameFi is no longer just focused on Ethereum and BNB Chain but has expanded to many platforms. All chains want to invest in GameFi to expand their ecosystem. In my opinion, this is one of the main reasons why people can have more faith in the GameFi boom!