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$OPEN in comparison with GameFi tokens
In this brief article, we will make a simple analytics to compare the price performance of $OPEN and some tokens from GameFi branch industry.
Firstly, we invite you to read
OpenWorld’s vision: OpenWorld is a blockchain enabled open metaverse with a sound circular economy based on real monetary flow.
Our vision is what GameFi branch industry lack that makes their in-game economy very unsustainable. Consequently, when their weakness reaches to the death point, there is unstoppable collapse.
Now, let’s take a look at a few GameFi projects and their token prices. There are two variables after simple calculations
% down from ATH
Down-fold from ATH
How do we calculate them?
% down from ATH = (close price on 27 April 2022 - ATH price) / ATH price *100
Down-fold from ATH = ATH price / close price on 27 April 2022
Let’s see what we have 🤔
In % down from ATH, most of tokens have % of fall from 75% to 97%. $OPEN is the best one among those tokens, with only 57% down from ATH. Remember, it does not calculate the 50% rise on 28 April 2022.
In down-fold from ATH, we will have another perspective on it. $OPEN is still the best token with 2.3 downfold from ATH. This figure is impressively better than others which range from 4.1 to 89.6.
In a nutshell, this insights based on real data from Coinmarketcap shows the fact about terrible weaknesses of GameFi concept. In addition, it proves that OpenWorld team wisely made good decisions to change our product to a Metaverse (a digital world) with a sound circular economy based on real monetary flow.
Remember, our project still the best in GameFi branch industry in terms of the comparision but it is not enough for our team vision. We want to build something significantly better!
Lastly, let’s look at the chart that shows the max $OPEN you can buy with $100, over time, from October 2021 to 27 April 2022. The figure drops with time.
Fortunately, the party has yet started, what you are witnessing is only a warm-up of upcoming party.