Paradox Crypto: Is this play-to-earn crypto a good investment?

Highlights

• Launched in August 2022, Paradox Crypto is one of the most sophisticated open-world games in the action-adventure genre.
• As a free-to-play game, it offers its investors passive earning opportunities along with Paradox’s gameplay experience.
• At the time of writing, the Paradox crypto was trading at US$0.000166 with a 24-hour trading volume of US$60,667.09.

Gaming platforms have always been hot favourites amongst crypto investors. Its impact was particularly felt after the NFT boom in 2021, as gaming cryptos such as Axie Infinity, The Sandbox, Decentraland, etc., were among the heavily traded cryptos of that time.

Even though the gaming cryptos have lost a bit of their sheen post the crypto collapse, they continue to rake interest amongst their fans. One such crypto is Paradox coin (PARA). Launched in August 2022, The Paradox Crypto is one of the most sophisticated open-world games in the action-adventure genre. Developed on Unreal Engine 5, the Paradox crypto was founded by Amio Talio and Fasial Tariq. The paradox crypto is designed in such a manner to bring about a radical transformation to the play-to-earn model within the metaverse space. As a free-to-play game, it offers its investors passive earning opportunities along with Paradox’s gameplay experience.

How does Paradox Crypto work?

The Paradox crypto has been gaining prominence, thereby witnessing an increase in its adoption. You can either rent or buy Paradox crypto in the form of an NFT to participate in the game. The paradox crypto owners can lease their respective cryptos to earn passive income.

Available on Huboi and BitMart, one can find their respective missions in Paradox City with seven playable characters. However, there’s a 24-hour stand-down period before the users can start a new mission.

How is Paradox Crypto doing?

At the time of writing, the Paradox crypto was trading at US$0.000166 with a 24-hour trading volume of US$60,667.09. Ranked 3150 as per market cap, the token was up by 2.63% in the last 24 hours.

The performance of the Paradox crypto is particularly worth seeing, considering the token has registered negative growth over the past week and month. In fact, over the past week, the Paradox crypto was down by -13.4% and -64.3% in the past 30 days. The token is still down by -99.88 % since its all-time high of US$0.127157, which it achieved on November 17, 2022.

Conclusion

While the Paradox crypto seems to be a good investment, the play-to-earn games have lost few of their sheen post the crypto collapse. Therefore, investors would do well to do their market research before making critical investment decisions. Any decision taken under the influence or without proper research could result in financial losses.