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Blockchain Gaming Had a Breakout Weekend ($MANA, $ENJ, $WAX)

November 1, 2021

Blockchain Gaming Had a Breakout Weekend ($MANA, $ENJ, $WAX)

We’ve been talking about the blockchain gaming space ad-nauseum for approximately the past 6 months. And how could we not? Blockchain Gaming represents one of (if not the most) fully-realized use-case for cryptos, bar medium of exchange and investment products,  -- Surging levels of consumer hype have made this trend even harder to ignore.
Over the past weekend, our incessant table-pounding was vindicated.
Facebook ($FB) CEO Mark Zuckerberg set the stage, announcing the official rebrand of his company from Facebook to ‘Meta.’  With everyone’s minds on the possibility of interconnected virtual reality spaces (and the crypto market already at a healthy ATH), blockchain gaming projects suddenly became the center of attention.
Consumer mentions of blockchain-based games and related NFT assets surged to a new all-time high on a 7-day moving average, quite an impressive feat when considering the meteoric growth seen in the past quarter.

We can’t help but brag a little – In August, we highlighted 2 blockchain gaming projects “making the metaverse a reality” and available for purchase on Coinbase ($COIN): Decentraland ($MANA), and Enjin Coin ($ENJ).
Decentraland’s clear metaverse applications made it a top performer. MANA tokens have rocketed to new highs, currently trading +255% higher than our initial feature. ENJ also caught a bid, now trading +100% higher than its August price level (but still below its all-time highs).
Last Thursday, we pointed out rising game-focused engagement on WAX’s ($WAXP) layer-1 blockchain…2 days later, WAX surged to new heights as well, doubling its market cap on a month-over-month basis.
We could continue, but you get the gist...LikeFolio is determined to provide you with cutting-edge and actionable cryptocurrency insights.
Cryptocurrency thrives on ‘the metaverse’ of social media, which provides us with a unique perspective on this rapidly growing market. Stay tuned for more!

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LikeFolio analyzes social media data to accurately predict shifts in consumer behavior. We sell data and insights to professional investors, corporate research teams, and software providers.

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