Crypto winters occur in four-year cycles, with the most recent occurring in 2018. Unfavorable events like the US Infrastructure Bill, China’s prohibition on Bitcoin mining, and the release of the Omicron Covid version are predicted to cause significant selloffs of Bitcoin and Ethereum in early November 2021.
Many experts still see Bitcoin and Ethereum as speculative assets due to huge trade volumes and market manipulation on key exchanges. Like Bitcoin and Ethereum, other cryptocurrency projects and endeavors are also undergoing a crypto winter.
Surprisingly, a new crypto asset class, GameFi, has done better than others, especially a token like Jedstar. Unlike crypto behemoths like Bitcoin, Ethereum, and Binance Coin, Jedstar seeks to alleviate the consequences of crypto winters.
The crypto market for GameFi is predicted to reach $180 billion in 2021 and rise by 10% in 2022. GameFi is the key for broad crypto adoption as gamers will continue to acquire gaming tokens to play games or purchase virtual goods, regardless of market corrections or crypto winters.
Short term: Market Performance
With the exception of Jedstar, several crypto projects, including GameFi ventures like Axie Infinity (AXS) and Decentraland (MANA), had their market value and price plummet last month. This may be due to Jedstar’s low market cap.
AXS and MANA both have a market capitalization of around $6 billion USD, while JED has a market cap of $21 million USD. JED, AXS, and MANA have likewise surpassed their expected market value heights of $44 million, $9.2 billion, and $10.6 billion.
The market valuation of $JED increased from $8.4 million USD ($0.19) to $22 million USD ($0.5). AXS’s market value fell from $9.2 billion ($150) to $6.5 billion ($106), while MANA’s rose from $5.3 billion ($2.9) to $6.4 billion ($3.5). Overall, JED gained 161% throughout this crypto winter, whereas AXS and MANA gained -29.3% and 20.83%, respectively.
Even though lower market cap tokens are more volatile, Jedstar has fared very well for the start of this crypto winter.
Long Term: Diversification and Utility
Jedstar comprises a three-token DECOsystem, with $JED launching 3 months ago and $KRED awaiting a presale event on December 17, 2021. Recognizing the devastation caused by crypto winters, Jedstar prepares for success by diversifying its industry and genre portfolios, as well as pursuing a long-term utility objective.
First, Jedstar separates itself from its GameFi competitors, such as AXS and MANA, by tapping into the emerging crypto sectors of DeFi with $JED and GameFi with $KRED. Investors will acquire KRED, JED-only perks, as well as other crypto incentives that have yet to be unveiled. Furthermore, $KRED is intended to be used as a GameFi token on Jedstar’s NFT marketplace, AGORA, and gaming platform, STARDOME.
Additionally, Jedstar is actively developing several Play-to-earn and blockchain gaming genres. Compared to P2E heavyweights like AXS and MANA, Jedstar is a full-fledged multimedia and gaming company active in producing CCGs, Meta MMORPGs, and hundreds of hyper-casual games. Jedstar aims to make films and a Metaverse inside its MMORPGs with deep fantasy narratives.
Unknown to many, Jedstar aims to enhance its usefulness via $KRED. $KRED is positioned as cross-platform money for gaming and blockchain. Tokens like Axie Infinity and Decentraland, designed to exclusively be utilized inside their own games, NFT markets, and metaverses, are often market monopolistic.
The world’s first CAAS (Currency-as-a-Service) will be utilized as a method to bring about widespread acceptance via gaming, deviating from the original application of these ecosystems. In other words, KRED is now future-proofed and may be utilized by any entity interested in blockchain gaming without being technologically constrained by any existing or new blockchain standards in the near future.
With its diversification into the DeFi and GameFi crypto arena, numerous game genre development, and unique usage of $KRED, Jedstar is well-positioned to safeguard its investors from future crypto winters.