Decentraland and The Sandbox Investors are Switching to This New Project – Here's Why You Should Act Now
As GameFi markets bleed out, one project is making huge shockwaves in the sector.
Key GameFi assets have entered freefall this week as chart structure fractures. Investors in leading GameFi projects Decentraland (MANA) and Sandbox (SAND) are in panic.
Both of the hyped-up gaming projects have broken below their 200 Day MAs, priming significant downside risk.
A look at the MANA chart shows support at $0.70 has failed.
Price action seems to be moving towards a cascade of hammering red candles smashing the 200 Day MA. So far MANA is already -26% from local highs.
Last time this happened, in the immediate aftermath of FTX, MANA collapsed to $0.40. This likely forms the next floor of support in this breakdown.
SAND is also experiencing the start of a cascade of lower-lows.
Tightening volatility through February has finally made a decisive move to the downside.
With a -29% breakdown from SAND's local highs, price action could likely catch support once it has reached $0.55.
As capital flees MANA and SAND, GameFi investors seem to be flocking to an unlikely GameFi presale.
At the cross-section of immersive SciFi gameplay and the rise of play-to-earn (P2E) gaming sits RobotEra. An exciting new platform aiming to challenge the status quo in GameFi.
The idea is simple. For too long P2E has failed to deliver engaging fun games. This has suffocated development in the GameFi sector. Prioritising in-game profit maxing over user experience is a recipe for failure. It doesn't work.
For Web3 to succeed at adoption the game has to come first. And this is exactly what RobotEra sets out to do.
Set in a cyberpunk world of robot racing, bot fighting, and droid strategy. RobotEra delivers players to a supercharged circuit of PVP games and PVE challenges.
The
Read more on cryptonews.com
