Voxies (VOXEL) is an NFT-based game on the blockchain. The token has entered Binance’s top gainer’s lost amidst a bullish wave. The project is a new launch in the market which means the price is still in the discovery phase and high volatility can be expected. However, the discovery phase can also be a good entry point for certain tokens. At the time of writing, the cryptocurrency was trading hands at $1.17. The price has recorded an increase of nearly 30% during the past twenty-four hours while the daily trading volume has increased by nearly 200%. Voxies has managed to climb up the ranks quickly and currently stands at a market rank of #467.
What is Voxies?
The NFT segment is regarded to be one of the hottest in the blockchain industry. New collections are entering the market almost every day because of the segment’s bullish outlook. NFTs skyrocket upwards despite a bearish trend in the larger cryptocurrency market which is what makes new projects particularly interesting. Voxies is one such project. It is an open-for-all role-play-based game that takes inspiration from retro and classical styles. The game follows a tactical structure much like traditional games but with the power of blockchain technology.
The game also has NFTs called Voxies – each of which has unique attributes that set them apart from each other. The game is aimed to become a full-fledged metaverse ecosystem; however, it is currently only in the initial phase. The VOXEL token powers the gaming ecosystem as it is utilized for buying and selling of various items within the game and within secondary markets. The demand for in-game items and the ecosystem, in general, fuels the value of the VOXEL token, and currently it is going hot.
Should you invest in VOXEL?
While there cannot be a straight answer to this question, the scales do appear to be tipping more in favor of Voxies than against it. The reason behind this is that the project aims to create a Voxieverse of its own along with the many other things it is trying to do. The project combines aspects of the crypto world with NFTs, gaming, and metaverse – intertwining them all together. Hence, it may be a good bet. The future outlook is also bullish as Digital Coin Price predicts the price of VOXEL token to be over $3 in five years’ time.
