CryptoBlades is a play-to-earn RPG game that uses blockchain technology to enable players to fight against monsters and other players. The platform launched on September 31, 2022, and enjoyed huge success at its launch. The native token of the protocol is SKILL.
One week after the launch of the first game series, the platform experienced a massive growth in its IDO price to the tune of about 178-times. The token experienced an all-time high rise on July 4, 2021, at $184.46.
However, it has significantly reduced since then. This post looks at statistics and data to see the profitability of playing the game today.
What are CryptoBlades’ Unique Selling Points?
Subscribed players can earn a token called $SKILL when playing the game. Players can use this token to buy weapons, characters, and shields for PvP, raids, and combats. They can also use it to purchase space in the CryptoBlades Kingdoms. The game platform allows users to level up their characters to make them stronger against opponents.
Players can transfer or exchange the game’s NFTs in the marketplaces, such as ApeSwap, Gate, Pancakeswap, and MEXC. They can also convert it to fiat. CryptoBlades operates on Avax, Polymatic, and Binance Smart Chain, among others.
How Profitable is CryptoBlades Today?
As mentioned earlier, CryptoBlades’ token, $SKILL reached an all-time high price of $184.46 on July 24, 2021. However, the price has since plunged. At the time of this writing, SKILL exchanges for $1.60, down by 1.5% within the last 24 hours.
Its current trading volume is $692,947. The token has lost over 99% in value From its all-time high to the current price. What does this mean? Investors who started with protocol at launch and still have their investment in the game would have lost significantly over the past year.
So, is CryptoBlades still profitable to play today? Unfortunately, it is not as profitable as it used to be, and that is a fact.
How to Limit Losses in the Game and other Play-to-Earn Games
Funding is one of the fundamental prerequisites for playing play-to-earn games. A big mistake anyone can make is to risk everything to raise capital to invest in these games. CryptoBlades is not an investment you should depend on as a savings portfolio.
That is because your return on investment will always depend on the price changes in $SKILL or the P2E token you invest. You may experience irrecoverable loss if the value of the token plunges. Therefore, never take out a huge loan or sell your assets to fund your play-to-earn games to make a profit because you can lose your investment.