The bear market has been eating into the cryptocurrency world, and the market is still trying to recover. The decline has negatively impacted almost every coin, forcing owners across the globe to sell.

However, one man’s meat is another man’s poison, and despite the current dip, gaming coins have emerged as a form of security and a stabilizer for investors in the market.

The emergence of NFTs and the recent boom in the crypto gaming industry have made gaming coins a dark horse and a sudden long-term player in the crypto world.

Out of the multitude of game coins, this piece will highlight three gaming coins that have taken the market by storm. Axie Infinity (AXS), The Sandbox ( SAND) and Moshnake (MSH) are three of the most eye-catching gaming coins that look to rise to prominence in the coming months.

You might wonder what differentiates these coins in the current ravaging bear market. Well, look no further.

Axie Infinity (AXS)

Axie Infinity (AXS) is a blockchain-based trade and battle game. What makes it even more captivating is that it is partially owned by its players and infuses popular cryptocurrency industry features, such as Non-Fungible Tokens (NFTs), to tempt new players and act as an incentive.

Axie Infinity (AXS) draws inspiration from classic Japanese games, such as Pokemon and Tamagotchi. On the Axie Infinity (AXS) platform, players can earn, raise, conquer, and trade token-based creatures known as Axies. These Axies can take various forms and have over 400 characters and creatures.

AXS is Axie Infinity’s native cryptocurrency, influencing many network and market operations through transaction fees, network governance, etc. It is available on major crypto platforms, such as Binance and Coinbase.

The Sandbox (SAND)

The Sandbox (SAND) is a virtual reality and gaming platform that provides an ideal environment for gamers to create and interact through blockchain technology. The Sandbox (SAND) is a major pioneer of the GameFi industry and combines Decentralized Autonomous Organizations (DAO) and Non-Fungible Tokens (NFTs) to great effect.

Its native cryptocurrency, SAND, is an essential part of its ecosystem. SAND facilitates several operations on The Sandbox, such as payment fees, network governance, etc. A highly rated gaming coin, SAND is available on several prominent crypto platforms, such as Binance and Coinbase.

Moshnake (MSH)

Moshnake (MSH) is one of the fastest rising BNB Smart Chain (BNB) based gaming coins tipped to be the next breakthrough coin in the industry. The token plays an integral role in a crypto project inspired by the evergreen Nokia Snake Xenzia. Moshnake (MSH) facilitates several operations, such as fee payments, rewards, and network governance, to mention a few.

With its presale fast approaching, Moshnake (MSH) could be a valuable long-term cryptocurrency investment for struggling investors. More information on the token will be made public in due time. To stay updated on the project, watch this space.

Moshnake

Website: https://moshnake.io

Telegram: https://t.me/MoshnakeOfficial

Twitter: https://twitter.com/moshnakeToken

Adirize (DAO) and Tether (USDT) are two stablecoins that are revolutionizing the cryptocurrency economy.

When the first crypto, Bitcoin (BTC), was unleashed onto the scene in 2009, stablecoins did not exist. Brave investors had no choice but to put their faith in a digital currency that went up and down like a theme park ride.

Every day there was no way of knowing whether Bitcoin’s value would ascend toward the stars or crash into the ground.

And not much has changed since then.

Bitcoin peaked at an astonishing price of $67,549.74 back in November 2021 and now, at the time of writing, has dropped to $19,121.96.

However, since the creation of stablecoins in 2014, crypto geeks have had a more reliable source of investment. Unlike their volatile counterparts, stablecoins do not deviate too far from their original value.

For example, Tether and USD Coin (USDC) have always been priced at around $1 and are both pegged to the US dollar.

Due to mirroring the same value as fiat currency, stablecoins have also made it easier for individuals to enter the crypto market. Rather than exchanging almost $300 for a BNB coin, they can simply exchange $1 for one Tether coin and vice versa.

At this point, stablecoins are unlikely to go anywhere, as they help to balance the crypto industry. The query of greater interest is, which specific stablecoin will become the most popular in the future, Adirize or Tether?

Crypto Will Get Better With Tether

At the time of writing, Tether is ranked at number 3 on coinmarket with a market cap of $68,421,140,926, and this is not a coincidence.

Tether is extremely beneficial for individuals, merchants, and exchanges.

Tether tokens can be used on a range of exchanges, allowing investors to trade this currency for another coin on the market, Plus, when it comes to making transactions, Tether is transferred at an extremely fast rate with no delays.

As for merchants, Tether is arguably one of the best cryptocurrencies to accept as payment. This is because of its low volatility and easy integration on websites which is likely to attract new customers.

Improve Your Finances With Adirize

Adirize is a stablecoin with a bit of spice. This digital currency is more than just a sturdy coin that can be used in various markets.

In actuality, Adi was created as a store of value, meaning it should maintain or increase in value over time.

All investors need to do is stake their Adi tokens using the Adirize app in exchange for benefits. One benefit is more Adi which the treasury gets from bond sales.

The beauty of staking in Adirize is the passiveness. It doesn’t matter if the market price of Adi decreases below your opening purchase price, as the inevitable increase in your staked Adi will balance out the fall in market value.

Therefore, there is minimal risk with investing in Adirize as you’re likely to get your money back or make a profitable return.

Final Thoughts

Stablecoins like Tether and Adirize are having a positive impact on the crypto universe.

Tether is extremely versatile and is the ideal gateway for new investors to begin their cryptocurrency journey. However, Adirize might have better potential because of its lucrative staking rewards.

For further information about Adirize, check out the links below:

Presale: http://join.adirize.com/

Website: http://adirize.com/

Telegram: https://t.me/AdirizeDAO_Official

Nigeria’s economy has continued on its downward trend, forcing global economy watchdogs to review their economic growth projections of the country.

In its World Economic Outlook (WEO) for October 2022 titled, “Countering the Cost-of-Living Crisis”, the International Monetary Fund (IMF) slashed Nigeria’s economic growth projection to 3.2 percent in 2022.

The new projection is 0.2 percent lower than the 3.4 percent the Washington-based institution projected in its July 2022 report. But the latest report, which reflects the global economic downturn, also impacted the economic outlook of Sub-Saharan Africa.

According to the report, the economic growth of Sub-Saharan Africa is expected to drop 2 percent from its current 3.6 percent projection due to tighter financial and monetary conditions.

“In sub-Saharan Africa, the growth outlook is slightly weaker than predicted in July, with a decline from 4.7 percent in 2021 to 3.6 percent and 3.7 percent in 2022 and 2023, respectively — downward revisions of 0.2 percentage points and 0.3 percentage points, respectively.

“This weaker outlook reflects lower trading partner growth, tighter financial and monetary conditions, and a negative shift in the commodity terms of trade,” the report said.

However, while the downward projection is tied to global economic strains, some regions have a positive growth outlook. The report projected a 5.0 percent growth increase for both Middle East and Central Asia in 2022.

“This reflects a favorable outlook for the region’s oil exporters and an unexpectedly mild impact of the war in Ukraine on the Caucasus and Central Asia.

“In 2023, growth in the region is set to moderate to 3.6 percent as oil prices decline and the headwinds from the global slowdown and the war in Ukraine take hold,” the IMF said.

However, the Fund said global growth is expected to drop by nearly half, from an estimated 6.1 percent in 2021 to 3.6 percent in 2022 and 2023.

The Middle East and Asia’s recording of economic growth increase amidst the global downturn is largely tied to oil export, underlining Nigeria’s missed opportunity to use the oil windfall to boost economic growth.

With the crisis rocking its downstream and upstream sectors, the African largest economy was losing huge revenue as other members of the Organization of Petroleum Exporting Countries (OPEC) cash in on the oil boom, which saw oil price jump above $130 per barrel.

Reeling on the mercy of oil thieves, Nigeria’s oil production has dropped far below its OPEC’s 1.826 million barrels per day (mbpd) output quota, greatly curtailing its revenue growth. With production output below 1mbpd, and non-oil sector underperformance, Nigeria has been recording revenue deficit that has undermined its economic growth.