Play-to-Earn (P2E) gaming is a new genre that has emerged as a result of the blockchain industry. P2E gaming enables users to take part in gaming challenges and acquire tokens with cash value outside of the ecosystem. A prominent participant in this field is Alex The Doge (ALEX). A decentralized autonomous organization called ApeCoin DAO is in charge of the Ethereum-based coin ApeCoin (APE). We’ll examine both tokens in more detail and contrast their characteristics, tokenomics, and growth potential.
Alex The Doge
Alex The Doge (ALEX) is a pure P2E cryptocurrency inspired by the Sega legend Alex The Kid. It is created and intended to reignite gamers’ love for classic P2E games while allowing them to earn cryptocurrency and gain access to the digital asset markets. To enable value movement throughout the ecosystem and to provide liquidity for trading, gambling, and security, the Alex The Doge (ALEX) team has integrated De-Fi into the ALEX ecosystem.
Tokenomics
ALEX is a token built on the Polygon blockchain. The maximum supply of ALEX tokens is 1 billion, and the presale price is 0.0085 USD. During the presale, 349,190,374 ALEX tokens are available for purchase. Alex The Doge (ALEX) NFT’s will be available for minting, with 8,400 NFTs available for the community.
Apecoin
The Ethereum-based cryptocurrency ApeCoin (APE) is managed by a decentralized autonomous organization under the name of ApeCoin (APE) DAO. APE’s average price dropped from nearly $4.9 to $3.38 in Q2 2023, and its transfer volume also dropped significantly. In the last quarter, APE trade volume was dominated by sharks, which traded for whales (more than $10 million in daily trade) for the first time since APE’s launch.
Tokenomics
By the conclusion of Q2 2023, APE’s fully diluted valuation had fallen 91% from its all-time high in Q2 2022 to a floor of $2 billion. The unlocking of APE to non-DAO organisations accounts for 5% of the total quantity in circulation. The quarterly price reduction, which saw the average price fall 32% and the fully diluted valuation at the conclusion of the quarter fall 24%, may have been influenced by this amount of selling pressure.
A Comparison
While both tokens offer decentralized and social aspects, there are notable differences between the two. One major difference is the focus on fungibility and interoperability. Alex The Doge (ALEX) prioritizes the ALEX token as the lifeblood of the ecosystem, whereas Apecoin’s focuses on governance.
Another difference is the potential for growth. ApeCoin (APE) fully diluted valuation has seen a significant drop since its all-time high in Q2 2022. In contrast,Alex The Doge (ALEX) is a new token with a lot of potential for growth and expansion.
Conclusion
In conclusion, both Alex The Doge (ALEX) and ApeCoin (APE) offer unique features and opportunities for users to participate in P2E gaming, De-Fi, and social trading. However, Alex The Doge’s (ALEX) focus on fungibility and interoperability, along with its potential for growth, make it a more attractive option for those looking to get involved in the world of P2E gaming and crypto.
For more information about Alex The Doge (ALEX) presale use the links down below:
- Website: https://alexthedoge.live/
- Telegram: https://t.me/alexthedoge
- Twitter: https://twitter.com/AlexTheDoge_p2e