GameCredits (GAME) Analysis

Market Cap

$6,494,102 USD

Volume (24h)

$22,622 USD

Top cryptocurrency services

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3.4

SAFETY

Ranking factors:

Markets

How many exchanges are there to trade this coin?

GameCredits Markets Rank: 5/100
Volume Ratio

How actively is this asset being traded on the market?

GameCredits Volume Ratio Rank: 1/100
Market Cap

The total cost of all coins available.

GameCredits Market Cap Rank: 88/100
24h Change

Is the price moving up or down?

GameCredits 24h Change Rank: 47/100
Social Following

How many users are following this coin?

GameCredits Social Following Rank: 93/100
Google Trends

How many users are searching for the coin?

GameCredits Google Trends Rank: 1/100
Twitter Citation

How many users are talking about this coin in Twitter?

GameCredits Twitter Citation Rank: 6/100
User Voting

How popular is this coin among Cointobuy community?

GameCredits User Voting Rank: 98/100

GameCredits investment analysis

Your GameCredits investment is meant to be used as a currency for both gamers and developers. It's estimated that 1 in 3 people now plays some type of game, and that has turned gaming into a $100 billion dollar industry.

Cryptocurrency and gaming seem like a match made in heaven, but there is some heavy competition in this particular space. Let me give a short overview of the GameCredits system and their competitors as well, so you can determine which will become the ultimate in-game currency.

$0.049072

+76.8%

$0.086777

448/3524

by Safety

1782/3524

by Profit

How to buy GameCredits?

It's possible to buy GameCredits on many exchanges. There are a couple of top 5 options, as well as some smaller ones which you can use to purchase without any registration or collection of personal information should you prefer to go that route.

Bitcoin is the most viable trading pair as it seems to be controlling most of the coin's liquidity. You should be aware that some exchanges are not on the correct chain for this coin! This could cause issues in transferring, be sure to check before making a purchase.

There are several options to store your coins depending on your operating system's capabilities. They have a QT style wallet available for download for Windows, Mac or Linux systems, or if you would prefer not downloading it there is also a web wallet available.

XRP

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ETC

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OMG

Cryptocurrency and gaming seem to be an ideal match, and there are many projects already racing to pick up some market share in this department. With the uprising of casual mobile games, more and more people are searching for free games. In fact, many will not even download software that is not free.

Though, interestingly enough, they will often pay for microtransactions which are often of a higher cost than the initial game! Many developers are capitalizing on this trend to bring much-needed funding to their development teams. Developing a game is not cheap, and these companies are constantly watching for ways to bring in money.

There's also a rather secretive industry among gamers to trade items with each other. There's a growing underground market for in-game items like skins, weapons or gold that command surprising prices, sometimes with players paying hundred of dollars in their native fiat currency for these upgrades.

Unfortunately, this whole system is not very safe. Due to many payment processor's stances on digital goods, there is often no recourse should a trade not go as planned, and one of the parties is likely going to be out their items or money if their trading partner is unsavory.

If you plan to invest in GAME, it could be a good move. They are looking to solve all of the above-noted problems. Not only will players be able to conduct trades privately and safely, but developers will be able to earn additional money through the easy, safe purchase of in virtual items.

Not only will this save them the high fees they would pay to Apple or Google in their mobile stores, but it would also save them money on credit card processing fees since a cryptocurrency would be used.

The only negative about this particular investment is the number of competitors who are also trying to move in on virtual item trading. There are a lot of them. Honestly, while it appears that Enjin is lagging behind GameCredits, I'm not really sure that this is true. Likely their price lag is due to the larger number of coins they have in circulation, and I believe Enjin has not been around as long.

However, I do find their branding and presentation superior, which is far more important than most give credit for. Enjin is also working on some high-level partnerships, which I think will give them an edge over the GameCredit's system.

In short, I like what GameCredits is trying to do, but I'm not convinced that they are the best solution. They have many competitors, and I'm unsure whether they can match the hype created by others like Enjin or Wax. I will continue to watch their project for changes in this.

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