During the crypto winter of 2022, most cryptocurrencies considerably lost value. But some digital coins and tokens associated with the gaming sector did relatively well during such turmoil. Was that the case with PlayDapp, a blockchain gaming platform, and non-fungible token (NFT) marketplace? Did the platform’s token (PLA) perform well last year? And how will the PLA token perform in the future? Let us discuss it in our following PlayDapp price prediction.
What Is PlayDapp (PLA)?
PLA is an ERC-20 token that powers the PlayDapp platform by enabling transactions. PlayDapp aims to convert non-crypto game consumers into blockchain gamers. PlayDapp provides a marketplace where users can trade gaming characters, NFTs, and game-related content on a consumer-to-consumer (C2C) basis. PlayDapp envisions an environment where users can receive incentives for participating in the ecosystem. Likewise, game developers can also receive PLA rewards when users make in-game purchases.
PlayDapp Overview
As of March 2, 2023, PLA was the 200th most valuable cryptocurrency by market capitalization, according to CoinMarketCap. Other relevant data on that date are summarized below.
PlayDapp Past Price Analysis
PlayDapp was founded in 2017 and is headquartered in Seoul, Korea. PlayDApp launched its marketplace on the Ethereum blockchain in 2020 and Polygon in 2021. According to CoinMarketCap, the PLA token hit the market on November 17, 2020, at $0.17. PLA did not exhibit any significant price move for nearly three months after its launch.
On February 17, 2021, the PLA price spiked, reaching over $0.7. On March 14, it traded at $0.8; on April 4, it almost hit $0.9. Then, the PLA price dropped again. A new uptrend ensued, taking the PLA price to $1.4 on August 30. After a price correction, PLA skyrocketed to hit its all-time high price of $3.7 on October 31. After such an impressive run, the PLA price progressively decreased, ending the year at around $1.4.
During the first four months of 2022, the PLA price fluctuated between $0.8 and $1.2. Unlike other cryptocurrencies, the PLA did not plummet as soon as 2022 began. But the PLA price decreased slowly for the rest of 2022, ultimately closing at around $0.2. In the first half of January 2023, the PLA dropped below its initial price of $0.17. However, it quickly recovered. As of March 2, 2023, the PLA price was around $0.25.
PlayDapp Price Prediction
PlayDapp Coin Price Prediction 2024
The future looks promising for PlayDapp. According to BitcoinWisdom, the average PLA price in 2024 will be $0.32, with a potential maximum of $0.35. PricePrediction is more optimistic and expects an average price of $0.34, with a maximum of $0.4. For its part, DigitalCoinPrice forecasts average and maximum PLA prices of $0.48 and $0.5. If this prediction is correct, you could reap a maximum gain of +100% this year if you invested in PLA at its current price of $0.19.
PlayDapp Crypto Price Prediction 2025
In 2025, the PLA price will continue to expand, albeit relatively slowly. BitcoinWisdom predicts an average PLA price of $0.74, with a possible maximum of $0.8. For its part, PricePrediction expects average and maximum prices of $0.8 and $0.9. DigitalCoinPrice agrees with the previous average PLA price but expects a maximum of $0.85. So, if you invest in PLA at the current trading price of $0.25, you could have a maximum gain of +260% in 2025.
PlayDapp Price Prediction 2030
Price predictions for the PLA's distant future vary greatly. BitcoinWisdom predicts steady growth, leading to an average PLA price of $1.9 in 2030 and a maximum of nearly $2. DigitalCoinPrice forecasts average and maximum PLA prices of $2.4 and $2.45, respectively. For its part, PricePrediction is significantly more optimistic, with an average price of $5.8 and a maximum of $6.7. It means you could accumulate a +2,580% gain in 2030 if you invest in PLA at the current price of $0.25.
Conclusion
PlayDapp is a blockchain project with tremendous growth potential. The play-to-earn (P2E) business model is revolutionizing the gaming world. With P2E, gamers can get in-game rewards in the form of crypto assets that can be exchanged for real-world money. This model has been a great hit, and PlayDapp wants to keep this momentum. PlayDapp has also announced partnerships with several giants in the industry, like Samsung, to create a metaverse virtual world. With such developments, the PLA token might increase its price significantly in the coming years.
PlayDapp Forecast FAQs
Is PlayDapp coin a good investment?
Yes, most likely. PlayDapp is a promising project in a fast-growing niche. The gaming industry is booming. Although the PLA price significantly dropped in 2022 due to the crypto winter, this token will likely recover. It might hit a new all-time high in a few years. If you want to invest in this crypto asset, you can purchase PLA and more than 4,000 other cryptocurrencies on LetsExchange.io.
Does PlayDapp have a future?
Yes, it does. The gaming industry is booming, and the P2E business model attracts many gamers to the crypto sphere. So, PlayDapp will likely expand in the future.
How high can PlayDapp go?
PricePrediction expects a maximum PLA price of $14.1 in 2032. Beyond that point, it is not easy to reliably predict this token’s future price.
Will PlayDapp go up?
Yes, most price predictions indicate a bullish future for this token.
Disclaimer
Please keep in mind that the above information is based exclusively on our observations and is provided for informational purposes only. It doesn’t constitute any kind of financial advice nor represents an official forecast. Cryptocurrency is a highly volatile asset, and you are investing in it at your own risk.
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