First, and like the previous opportunity, we explain everything related to the currency so that you are able to search for your opportunities yourself and make your own decision to enter or not based on your own vision. I will mention the details honestly and to the best of my knowledge and research. This does not mean that you rely on it completely, but I always advise you to search yourself. My article is only to draw your attention to currencies and methods of searching in them that may be absent from you. I kindly ask you not to enter specifically with this currency before reading everything about it in this article because it is classified as high risk high reward. Therefore, please complete the reading before entering, and entering in all cases is your responsibility.
The name of the coin is play Dapp and its abbreviation is $PDA
The number of currencies available for trading is 601.81 million.
Total number of coins: 700 million.
There is no upper limit for currencies.
Its market value at the time of writing this article is $36.77 million.
The highest market value the currency reached was 729.44 million.
The highest price the coin reached was $3.6.
The highest price it can reach if the same liquidity returns is approximately $1.2.
About the currency:
It is a play to earn gaming platform, which was previously called PLA, but the currency contract was hacked according to the founders, and the quantities were increased, stolen, and many of them were sold, which caused a huge loss to investors, but the issue was controlled and addressed, and the currency was stopped, and its contract was changed and abbreviated to $PDA , and Binance supported this change and agreed to the exchange and return the currencies to investors and launch it again, but the currency began a downward trend since its launch until it reached very low levels, and recently in September, Binance deleted the currency against Bitcoin and kept it against the dollar.
All of the above are negatives and red flags on the currency, so we put the risk indicator on the currency and come to see the return indicator to know whether it is worth the risk or not?
First of all, the currency has a very low market value compared to the market in general and gaming currencies in particular. It is understood that the reason for this decline is the lack of confidence in it due to previous events, but what if the currency returned to only half of its previous market value? How much profit will you make?
The answer is to apply the equation we mentioned in the article (Investment Opportunity 1)
Currency price = Market value ÷ Number of currencies
Currency price = (365 ÷ 601.88) million
If the coin reached half the market value it reached in the last bull run, assuming that interest in it decreased by half, its price would be approximately $0.6, which is 10 times the current price in normal conditions. Is there a possibility of further profit?
According to my vision and my visit to the currency's website and their accounts on social media platforms, the currency is okay as a risk currency and it is possible to get some momentum during the wave of gaming currencies because it has a very low market value and is considered an existing project and a team is trying to revive the currency again and it is possible to give them another chance, and because it is still added to several platforms, the most important of which is Binance, for me it is very safe compared to the meme market, so I decided to allocate a portion to invest in it in the medium term in the hope that it will get a fair market cap for the team's modest effort and its attempt to return and perhaps support it, and even if entry is limited to individuals, the market value is simple and it is possible to exceed the current prices easily in my personal opinion and the data from my point of view, and the investment amount will be an amount that can bear its loss in exchange for the hope of reaching more than 10 times in ideal conditions, so I will take this step and give it an amount of 3% of the capital allocated to high-risk, high-profit currencies, which constitutes 10% of my total capital.
According to my expectations, which are not accurate and the date of the rise cannot be predicted, but according to my view of the market, this currency will rise during the near to medium term and will be more affected by the next wave of rise and decline in acquisition. I will set a capital withdrawal order at a price of 0.11 and keep the profits as an investment in the event that the ideal atmosphere occurs for it to rise to distant peaks.
This is the second coin that I am offering for games because I have collected a small part of my profits from this sector in the Gala coin and invested in $PORTAL according to the first article and I decided to look for an additional gaming project to complete my collection of games.
Again, do your own research and act based on your own capital and risk management.
Let's settle on the fact that the entry is always in blue and the goals are always in green.
Good luck everyone 🌹
