Despite only launching recently, The Paradox Metaverse has large ambitions. It is building an ecosystem complete with its own play-to-earn game, decentralised exchange (DEX), and venture capital company.
Yet its cryptocurrency PARADOX has been struggling after it went live to the public on 17 November 2022. At the time of writing, it had lost 53% of its value since launching.
What is The Paradox Metaverse?
The Paradox Metaverse is another new addition to the play-to-earn industry with its “battle royal and metaverse game”, which is currently in development. It is said to be an “open-world, action-adventure game”, where holders of its non-fungible tokens (NFTs) will be rewarded with cryptocurrencies
This open-world experience is being developed on the Unreal Engine 5, which has been used for notable games including Fortnite and the upcoming The Witcher title.
Describing The Paradox Metaverse, the whitepaper said: “Players will have freedom within the game to roam and engage with the optional missions embedded into the surroundings. Aspects of the game will not only benefit players in-game, but in the real world as well by providing a Play & Earn sector equivalent of a AAA gaming experience.”
Paradox was co-founded by Amio Talio, a cryptocurrency influencer and entrepreneur known for setting up his own finance “university”. Faisal Tariq is the other co-founder, who was previously a managing director at car rentals company.
The Paradox ecosystem
Along with the metaverse, Talio and Tariq are creating their own ecosystem. The Paradox network will offer a selection of cryptocurrency products, which revolve around its native paradox coin.
Its events branch is pivoted towards fans of boxing, where PARADOX holders will be able to attend YouTube matches hosted by the crypto project.
Another addition will be its own venture capital company under the name Paradox Ventures, which will eventually be run by its own decentralised autonomous organisation (DAO). The ambitious objective of the Paradox Ventures is to create and fund innovative blockchain companies.
Its launchpad will then offer blockchain companies the chance to fundraise via the public.
Its website explained: “Paradox vets and selects top-tier cutting-edge projects to launch while supporting their growth along the way. Only projects that will be listing on centralised exchanges will be launching on this launchpad.”
Paradox coin
The native cryptocurrency, which goes under the ticker PARADOX, is hosted on the Ethereum (ETH) blockchain and uses the ERC-20 standard.
As well as being rewarded to players, PARADOX can be staked to earn yield with the cryptocurrency.
The tokenomics has split its total supply through various different routes. The largest portion, 20% of the total supply, is dedicated to play-to-earn rewards. Meanwhile, 15% is for staking and a further 15% is set aside for the founding team.
The rest is split among the ecosystem, development costs, liquidity and fundraising.
PARADOX’s price history
After its presale went live in July earlier this year, Paradox Metaverse’s native token launched to the public on 17 November at its current all-time high of $0.1123. The token launched on the Bitmart and Huobi Global cryptocurrency exchanges on the same day.
But this opening price proved too difficult for PARADOX to maintain and it quickly fell into a bearish trend. It dropped to its all-time low of $0.047 on 21 November.
PARADOX’s all-time performance
Source: CoinMarketCap
It has since experienced some volatility, which could be down to its small market cap of $635,000. At the time of writing, this ranks it 2,702 out of all cryptocurrencies, according to CoinMarketCap.
As of 30 November, PARADOX was trading at $0.052. The play-to-earn cryptocurrency was down 27% over the past seven days and 53% in the previous month.
The paradox metaverse price prediction
As of 30 November, there are not many making a PARADOX price prediction due to its new status. For example, CryptoPrediction’s the paradox metaverse coin price prediction said: “Because we base our predictions on historical data, we don’t have sufficient information for this coin to provide you with accurate predictions.”
Meanwhile, the paradox metaverse crypto price prediction from CoinDataFlow said technical indicators were mainly showing bearish signals. A total of 10 short-term indicators were displaying “sell”, while 9 were neutral and 7 were bullish. On the other hand, the long-term technical analysis gave a “neutral” rating.
DigitalCoinPrice’s forecast was bullish and expected steady gains for the play-to-earn token. Its the paradox metaverse price prediction for 2023 gave an average price of $0.13 and expected it to have reached $0.22 in 2025. By the next decade, the paradox metaverse price prediction for 2030 indicated it could have hit $0.73.
Finally, PricePrediction anticipated PARADOX to have reached $0.057 by the end of this year and $0.12 at the beginning of 2025. Its the paradox metaverse price prediction for 2030 expected the token to have climbed above the $1 mark.
FAQs
Is the paradox metaverse a good investment?
The paradox metaverse is the utility cryptocurrency for a play-to-earn game, where players are rewarded for completing missions. However, PARADOX has been bearish since launching earlier this month.
In volatile cryptocurrency markets, it is important to do your own research on a coin or token to determine if it is a good fit for your investment portfolio. Whether the paradox metaverse is a suitable investment for you depends on your risk tolerance and how much you intend to invest, among other factors. Keep in mind that past performance is no guarantee of future returns. And never invest money that you cannot afford to lose.
Will the paradox metaverse go up or down?
As of 30 November, PARADOX forecasters are conflicted. CoinDataFlow’s short-term technical indicators pointed towards “sell”, whereas DigitalCoinPrice saw the coin hitting $0.73 next decade.
In volatile cryptocurrency markets, it is important to do your own research on a coin or token to determine if it is a good fit for your investment portfolio. Whether PARADOX is a suitable investment for you depends on your risk tolerance and how much you intend to invest, among other factors. Keep in mind that past performance is no guarantee of future returns. And never invest money that you cannot afford to lose.
Should I invest in the paradox metaverse?
Whether you should invest in PARADOX is a question that you will have to answer for yourself. Before you do so, however, you will need to conduct your own research and never invest more money than you can afford to lose because prices can go down as well as up.
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