Why MEMAG May Experience a Surge: Explained
Investors looking beyond the hype surrounding Dogecoin are finding opportunities in the emerging play-to-earn (P2E) gaming sector, particularly with new company Meta Masters Guild (MEMAG), which is preparing to list on additional exchanges. MEMAG, which raised just under $5m in a sold-out presale, offers Web3 games with NFTs that can be won, purchased, staked and traded. Its management team comprises both gaming and crypto experts, and it makes the subtle distinction of describing its offering as play-and-earn, rather than play-to-earn. Games can be played on mobiles and include free-to-play and play-and-earn versions. Supporters of the much-hyped Dogecoin point to its increasing acceptance and ongoing popularity, but detractors see issues around limited functionality and a lack of development hampering long-term growth. MEMAG, on the other hand, is seen as having appealing potential, with the launch of the firm’s first game, Meta Kart Racers, set for 2023. The firm’s price is seen doubling, tripling or even quadrupling to around $0.08 by the end of the year.