Byakko (BYK) Gaming/NFT Crypto the next Token to 100x? Cryptocurrency Analysis

Is Byakko going to be the Next SHIB?

Right now a newly created gaming token called “Byakko” is trending on CMC and seems fairly promising, so in this analysis we will see how much potential this token has. Everyone has heard those stories of people who invested $50 into a random token back in 2015 and forgot about it only to later check on their investment and realize that it has grown by an obscene figure. Although everyone wants to do this, it is extremely difficult. Countless new tokens are created every day and lots of them will never get anywhere while some are outright scams. We will look at whether Byakko is going to be the next token to blow up or not.

Byakko was listed on CMC very recently and right now has a self-reported market cap of $6.7 million while sitting at a price of $0.06815. The creators of this token seem to be making a fairly standard gaming cryptocurrency. In their Play-2-Earn game users will be able to use their NFTs to “help Byakko win his war against the forces of evil.” They will also offer NFT staking in the game.

Byakko seems to be a fairly interesting project, assuming that they actually release their game. Although their website looks pretty good on the surface, it is missing certain things. On their Litepaper they have a roadmap but no specific times are given, as you can see above. This is not a very good sign because usually token creators, who are actually working on the project, lay out a plan that at least gives a time frame for when projects will be finished. 

Overall Byakko seems promising but the developers have not yet given enough details on when/how they will implement their ideas. Although it seems like they are making a game, I was not able to find exactly what this game will be about. Although their website has good design and looks professional, all of their plans just seems to be very general statements which can be a bad sign. If you are looking to invest, I recommend researching more into this token. 

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Right now the cryptocurrency market is not doing well as BTC has come down to $42k and the fear index is at the maximum level. The market is at a point where a dip would essentially be catastrophic as BTC will likely go down to about $30k-35k and we will enter a bear market so other tokens will follow.

The scenario described above is the worst one that could feasibly happen right now. There is a high chance that BTC may bounce back and start moving up again, as it has done before…Click here to read the full article. 

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Ali F
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