GameFi is still a relatively new industry and one that is continually evolving everyday.
Despite its rise occurring recently, there are many established gaming cryptocurrencies and projects that are at the top of their respective sectors such as the likes of Enjin Coin (ENJ) and Axie Infinity (AXS).
Both of the aforementioned projects are ranked in the top seven biggest metaverse tokens in the world, according to data from CoinMarketCap.
The likes of Enjin Coin and Axie Infinity have allowed newcomers like Xchange Monster (MXCH) to attempt to make a real impact in the GameFi industry.
Xchange Monster (MXCH) exudes trust in its users
As previously mentioned, the gaming cryptocurrency market has grown enormously, as the demand of the rising population of gamers across the world continues to grow.
Through research, it was found that a significant number of cryptocurrency gamers are millennials, making up about 38% of the total crypto gamers population.
The growth of the industry has led the team at Xchange Monster (MXCH) to think about just how they can make their mark on the GameFi industry and they’ll do that by becoming the complete package.
Xchange Monster will aim to serve as a one-stop crypto platform for both the gaming community and developers and will look to offer several features for its users including its exchange platform, a decentralised payment gateway, and more.
Xchange Monster places a lot of emphasis on the safety and security of its products and ensures its users can feel at ease when using Xchange Monster products.
These products and services offered by Xchange Monster are regulated in Switzerland, as it’s governed by the VQF under the supervision of the Swiss financial conduct authority (FINMA).
The Monster Exchange possesses an SRO membership with the VQF which is recognized by FINMA in Switzerland.
Excitement regarding MXCH is warranted as the project is attempting to do something in the GameFi that hasn’t been done.
Enjin Coin (ENJ) enjoys market surge
Built on the Ethereum blockchain, Enjin Coin (ENJ) is a token that aims to make it easier for not only individuals but businesses and brands to use non-fungible tokens (NFTs).
Enjin’s technology powers an ecosystem used for NFTs, gaming, and other distributed apps while its nativeENJ token is used to back the value of NFTs minted within the Enjin Coin ecosystem.
Despite being almost 90% down from the all-time high it reached in November 2021, ENJ has experienced a surge in the market, rising over 12% in the past 24 hours, at this time of writing.
Can Axie Infinity (AXS) bounce back from a challenging year?
Ranked as the 45th biggest cryptocurrency in the world, amassing a market cap of over $1 billion, according to data from CoinMarketCap, it’s been a difficult year for Axie Infinity (AXS).
Having been hacked for $620 million earlier this year, it led to a decline of users in the Axie Infinity game universe as, by late March, daily active users of the game had dropped to under 1.5 million, compared to a high of 2.7 million, recorded in late 2021.
AXS has also suffered in the crypto market but is slowly on the way up, having recorded slight growth of 1.3% in the past 24 hours.
For more information on Xchange Monster visit:
Presale: https://xchangemonster.boostx.finance/register
Website: https://xchangemonster.com/
Discord: https://discord.gg/M5hu5HwbeJ
Telegram: https://t.me/xchangemonsterofficial
Twitter: https://twitter.com/Xchange_Monster
