What Is GameFi (GAFI) and What Does 2022 Hold?
The GameFi (GAFI) token is a blockchain platform and marketplace that is a game aggregator, game launchpad, and game marketplace all in one. And the GameFi Yield guild allows players to earn passive income by participating in the various gaming finance vaults through GameFi Yield Guilds. Players can stake GAFI tokens in exchange for GameFi IGO tokens.
GameFi also offers minigames that are perfect for beginners. And lastly, GameFi has an auction house where players can bid anonymously for rare and expensive in-game objects.
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GameFi 2022 Price Predictions
You can learn more about the GameFi token 2022 price prediction and more on the GameFi Coinmarketcap page. The price peaked in the third quarter of 2021; however, it began falling in December 2021. Then it spiked again, but then made a 90-day low a few days ago on February 15. Will the GameFi token price rebound going forward? The GameFi token is forecast to be bullish in the longer term according to algorithm-based forecasters. This is not a recommendation or financial advice; this is just a prediction. And as you know, things can change.
What Is DeRace?
GameFi recently partnered with DeRace an NFT virtual horse racing metaverse built on the blockchain and powered by the DeRace (DERC) token. DeRace is an extremely exciting game that allows people to buy, breed, race, sell, rent, and trade NFT horses. This is done via live horse races inside of hippodromes that people own all or part of themselves to race their horses in.
Want to learn more about the GameFi (GAFI) price predictions for 2022, 2025, 2030, and beyond?
Blockchain gaming has altered the way users interact with games through DeFi functionality. Unlike conventional games, blockchain games enable users to make money by buying, selling, and exchanging non-fungible tokens (NFTs) for various in-game items.
With their play-to-earn (P2E) models, blockchain games like Axie Infinity (AXIE) and Decentraland (MANA) have enabled players to earn passive income while reaping the benefits of decentralized gaming systems.
Similarly, GameFi, a blockchain gaming platform, reached new heights in 2021. It hit an all-time high (ATH) of $351.70 on 21 November 2021, according to CoinMarketCap. However, at the time of writing (16 February), the GAFI token was trading at $49.87, down 85% from that peak.
Can the GameFi crypto price rebound and test new highs in 2022? Let’s take a look at the project’s fundamentals and development to get a clearer view of a GAFI price prediction.
What Is GameFi and How Does it Work?
GameFi is a blockchain platform that combines gaming finance with a play-to-earn model. It serves investors and traders and as a launchpad for game developers.
GameFi provides a suite of blockchain games and a marketplace for trading in-game items. Gamers can access all blockchain-based games in one location, including tools for monitoring their earnings and net item values. Moreover, traders can buy and sell yield-generating gaming items from any game and any blockchain.
GameFi defines itself as “the all-encompassing hub for game finance. The platform services blockchain gamers, investors, and traders in one Guild and Aggregator alongside a launchpad exclusively for games.”
GAFI is the GameFi ecosystem’s native utility and governance token. It’s used to pay transaction fees for all ecosystem activities. In addition, GAFI is also utilized for governance and staking.
GameFi’s platforms consist of various key features that serve different purposes in its ecosystem:
- Game aggregator: GameFi works as a gaming aggregator, allowing users to access games and gaming assets from any blockchain through a standardized user interface. Additionally, it acts as a database for players’ in-game items and NFT assets. It also acts as a tracking tool for users’ play-to-earn yields.
- Game launchpad: GameFi’s platform serves as a launchpad for game developers. GameFi claims to be the first launchpad to offer initial game offerings (IGOs) for game projects, allowing them to get early access to game assets and communicate with the GameFi community’s players.
- Game market: Players gain access to a multi-chain GameFi NFT store dedicated specifically to blockchain game products. Moreover, players can conduct cross-game NFT transactions using an exchange mechanism secured by smart contracts.
- Game accelerator: The GameFi accelerator offers pre-built frameworks and tools to assist conventional game companies to integrate blockchain components and enable play-to-earn gaming.
- Yield guild: Users can earn passive money by engaging in different gaming finance vaults via GameFi Yield Guilds. For instance, users can stake GAFI tokens in compensation for some of GameFi’s IGO tokens.
- Minigames: GameFi also has simple blockchain games to familiarise new users with NFTs and incentivize them to use play-to-earn models.
- Auction house: GameFi has an auction house where players can place anonymous bids on rare and expensive in-game objects.
GameFi Token News and Price Drivers
The project has undergone a number of significant milestones and developments lately, which may drive the GAFI coin value.
Launch of Solice and ERTHA Metaverses
Solice is a virtual reality metaverse built on the Solana blockchain that allows users to create, own, socialize, and sell their virtual experiences. Solace’s universe will enable users to gather a variety of pets, gems and collectibles as NFTs and create their own assets, mini-games and construct on top of their land plots.
ERTHA is a metaverse set in a future where global warming has become uncontrollable, claiming countless lives. It’s credited as the first to include both play-to-learn and play-to-earn mechanisms into its gameplay so that players can acquire knowledge while playing games.
GameFi completed IGOs for both these metaverses. GAFI holders received early access to the newly launched tokens.
Launch of Rainmaker Games
GameFi released Rainmaker Games on its launchpad in December 2021, after the conclusion of its IGO on 16 December.
Rainmaker Games is a global network that connects players, games, and guilds via hundreds of play-to-earn games. Players can move between games, manage their earnings, and socialize on one platform.
Funding of $1.95m in Seed and Private Round
GameFi attained an important milestone in September 2021 when it received $1.95m in seed and private fundraising rounds. Additionally, it received funds via public sales on Red Kite, DAO Maker, and GameFi’s Launchpad on 10 September 2021.
Icetea Labs and well-known and recognized venture investors backed GameFi, including DAO Maker, Animoca Brands, and Morningstar Ventures.
Partnership with DeRace
DeRace is a fully functional NFT horse racing ecosystem built on the blockchain and powered by the DERC token. Its goal is to create a community where people can purchase and breed NFT horses, gamble on live horse races, and stage events for substantial profits.
As a result of the partnership, the DeRace game was featured on GameFi Aggregator. DeRace gamers who connected to the platform gained GameFi support.
DeRace cooperated with GameFi to examine the possibilities of selling NFTs, hidden boxes, auctioning goods on GameFi Marketplace, organizing yield guilds, and awarding scholarships via GameFi Yield Guild.
GAFI/USD Price Analysis
GAFI is a new cryptocurrency whose initial coin offering (ICO) concluded on 11 September 2021, according to ICO Drops. It has delivered an ROI of 4,769% since its inception, data from CoinmarketCap showed, as of 16 February.
Based on the earliest available price data from 2021, the GAFI token spiked from $23.99 on 11 September to $60.94 on 20 September. The rally didn’t sustain, and it fell to a low of $40.1 on 20 September.
GAFI token resumed its bullish momentum, reaching a high of $93.18 on 5 October before falling to $57.37 on 18 October. It grew by 513% from the October low and hit an all-time high of $351.7 on 21 November.
However, retracement sent the price down to $171.57 on 4 December, a more than 51% decline from the peak. It further bottomed to $133.57 on 8 December. GameFi NFT token closed the year at $117.96.
Since the onset of 2022, the GAFI token has been bearish and fell to $87.97 on 7 January, before spiking again to $102.83. It then made a 90-day low of $43.44 on 15 February.
At the time of writing (16 February), GAFI was trading at $49.87, more than 85% below its peak, with a market capitalization of $50m.
GameFi (GAFI) Price Prediction: Targets for 2022, 2025 and 2030
On 16 February, CoinCodex’s technical analysis showed bearish sentiment, with 10 indicators giving bullish signals and 13 bearish. Almost all the daily and weekly simple moving averages (SMA) and exponential moving averages (EMA) (except for the SMA 3 and EMA 3) indicated ‘sell’ signals. The volume-weighted moving average (VWMA) was also bearish.
According to a short-term GameFi future price prediction from CoinCodex, the token’s price could rise 43.48% to reach $72.94 by 21 February 2022.
Algorithm-based forecasters also shared bullish longer-term GAFI forecasts (as of 16 February):
- According to Wallet Investor, the coin’s average price could reach $135.96 by the end of 2022 and surge to $436.73 by 2025. The five-year estimate for GAFI/USD indicated that it could hit $542.54 in February 2027.
- A GAFI price prediction from Digital Coin suggested the average price of GAFI in 2022 could be $70.67, moving up to $83.64 in 2023, $111.65 in 2025, and $243.61 in 2030.
- Similarly, Price Prediction expected the average price of GAFI to reach $67.04 in 2022, $186.61 in 2025, and $1173.95 in 2030. Its 10-year GAFI price prediction indicated the token could reach $1,722.35 in 2031.
When looking for GAFI forecasts, bear in mind that analysts’ and algorithm-based predictions can be wrong. Their projections are based on fundamental and technical studies of a cryptocurrency’s past performance. Past performance is no guarantee of future results.
It’s essential to do your own research before investing: your decision to trade depends on your attitude to risk, your expertise in the market, the spread of your investment portfolio, and how comfortable you feel about losing money. You should never invest money that you cannot afford to lose.
Is GameFi a good investment?
GameFi is a budding blockchain gaming platform competing against established players such as Axie Infinity (AXIE) and Decentraland (MANA). It offers a gaming launchpad and a cross-chain NFT trading platform. Since the beginning of 2022, GAFI has been bearish. On 15 February it fell to a 90-day low of $43.44.
How high can GameFi crypto go?
According to the GAFI forecast from Price Prediction (as of 16 February 2022), it could go as high as $1,722.35 in 2031. Note that algorithm-based price targets can prove to be wrong.
Will GameFi (GAFI) hit $1,000?
Algorithmic forecasting services, including Wallet Investor, Digital Coin and Price Prediction (as of 16 February), suggested the token has potential for gains. Price Prediction estimated the GameFi token could exceed $1,000 by 2030.
Still, whether the coin is a good fit for your investment portfolio depends on your circumstances and risk tolerance. You should estimate the level of risk you are ready to take before investing. And never invest any money you cannot afford to lose.