Crypto Report - Layer 1's: SOL AVAX MATIC EGLD + Gaming: ENJ MANA ILV UFO

Published:

5 Nov 2021 09:39 ET

[Crypto Report is a subset of Market Lab Report]

Layer 1's and crypto gaming companies stand to be huge winners in this bull market.

Alternative blockchains such as layer 1's compete with Ethereum due to ETHs high gas fees. We have had LUNA and RUNE on the crypto list for over a year. Both have reaped thousands of percentage points in gains. Other equivalents have also done well including SOL AVAX MATIC EGLD. One need not kiss all the babies as the saying goes, but for sake of diversity without a sacrifice to quality, I am including these four additional blockchains.

The metaverse stands to become a large part of life as many know it in the years to come. EA among many other giants have endorsed the crypto gaming metaverse. We scored well with AXS and SAND but are still just in the first inning. ENJ MANA ILV UFO are also being added. ENJ is still in position, MANA had a massive 2 day burst so is digesting gains, ILV is still on a tear so wait for a constructive pullback, and UFO had a decent correction but is still largely in play.

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