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Artemis positions itself as an innovative project offering a decentralized marketplace to investors. Promising to democratize the financial ecosystem through a clever integration of DeFi and robust security protocols that keep transactions safe, Artemis has raised over $340,000 in its presale so far.
Despite these promising figures, the market continues to be volatile. So, is Artemis a good investment under these conditions?
Promising to Change the Financial Ecosystem
Artemis’s key USP, as seen in its whitepaper, is its attempt to appeal to those looking for a more democratized financial ecosystem.
It aims to enhance trust and transparency with DeFi while reducing transaction fees, improving security, and offering global accessibility.
Per its document, Artemis has a vision for a broader marketplace powered by the Artemis system.
This system will reportedly create the biggest blockchain-powered marketplace in crypto, allowing buyers, sellers, and service providers to trade “stress free.”
The project aims to cover not just blockchain-related services but also real-world services such as construction, legal services, freelance, art, and graphic design.
Artemis’s technological foundation is a blend of automation, algorithms, and problem-solving. Put simply, it aims to combine AI and blockchain.
A Look into Artemis’s Technology and System Architect
The project’s whitepaper has done well to highlight the three main pillars of Artemis architecture.
The first is said to be decentralized storage, for which Artemis claims that it will use an InterPlanetary File System to ensure data integrity and accessibility.
The second element is user interactivity, which the project aims to achieve by using simple marketplace features coupled with wallet integration and service provider portals.
A secure architecture has been implemented to keep these elements working without fear of malicious interference. Artemis states that its security protocols focus on multi-factor authentication, encryption, and Decentralized Identity (DID).
Artemis Tokenomics and Roadmap
Artemis has established a simple ecosystem with a total supply of 100 billion tokens. The tokens have been divided among the following purposes:
10% is for staking
15% is for presale
10% is for liquidity
25% is for marketing
25% is for project funds
15% is for rewards
Artemis’s roadmap consists of a simple four-phase plan that began with the token’s conceptualization and will end with the launch of the Artemis Market project.
Is Artemis a Good Investment?
In a world where traditional meme coins are only banking on their virality to grow in value, Artemis tries to stand out by giving users access to a robust utility.
That said, it has veered too much into a utility-focused direction. Even though much of the imagery on its website highlights the ” goddess of hunt,” none of the content focuses on any underlying lore.
The term will likely be used for marketing purposes, but that doesn’t diminish the project’s long-term value.
However, to properly assess the growth it could achieve, a tangible development has to be revealed to its large community of over 18k followers on Twitter. So far, the project is focused on spreading awareness about its features only via its articles on Medium.
Artemis Price Prediction
Since Artemis is on presale, we can’t use technical indicators to forecast its value. We can, however, examine the broader market conditions and the project’s core use case to assess its potential.
Artemis Price Prediction – Short Term
Artemis is available as a presale and has been featured in multiple major publications. That, combined with the large number of followers and high engagement it has been getting on social media, could fuel the ARTMS price when it goes live.
Its entry on DEX could lead to a 10x increase, and a correction could take place soon after. However, if the project continues to engage the community, it could find some dedicated members willing to keep the buying pressure up, leading to the ARTMS price stabilizing.
Artemis Price Prediction – Long Term
Artemis’s long-term performance will be determined by how much progress it makes toward developing its ecosystem and how the community responds to it. A digital marketplace that relies on crypto is not a novel concept, which means Artemis has to do something unique to stand out from similar projects.
If it could do those things, its value could increase by 20 to 50% in the long term.
PlayDoge Token – A Fun Concept with Utility
While Artemis shows some signs of its meme-based nature, it doesn’t really market it. Furthermore, the use case it is providing, although useful, is generic. However, that could still boost its value in the long term.
Another high value project to keep an eye on is PlayDoge. With its 8-bit doge-based memes and unique gamifying themes, this project aims to bring back the golden days of Tamagotchi.
By equating caring for a digital pet to earning rewards in terms of $PLAY tokens and introducing multiple mini-games, it is establishing a unique niche within the crypto ecosystem.
In addition to that, there are some aspects of the project that could make room for other assets like NFTs, which could give it another boost in the long-term
Long-term gain seekers could also benefit from PlayDoge’s staking perk, which is offering upwards of 80% APY to presale investors.
Gains that could be made from its ecosystem have been discussed by Crypto Gains, a leading crypto YouTuber with more than 130k subscribers.
He noted that the website is very well done, and the design aligns with the project’s 2D themes, indicating PlayDoge’s belief in its own ecosystem.
ClayBro is another YouTuber who has talked positively about PlayDoge and its potential.
PlayDoge has raised more than $5.8 million in its presale already and is inching closer to its target of $6.4 million. The PLAY price will increase once that target is reached.
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*Cryptonomist did not write the article or test the platform.