Should I buy dCity SIM in 2021?
A starting point for investors looking to answer the question "Should I buy dCity SIM in 2021?"
The Hive blockchain has a number of opportunities for investors of the most varied profiles. Blockchain games are no exception and after the meteoric success of games such as Axie Infinity and Splinterlands, to name a few, more and more gamers and investors are looking for the next game that will make it big.
In this section of our dCity SIM guide we'll look at this question from different perspectives to try and help investors make an informed choice regarding dCity SIM.
If this is your first contact with the dCity SIM token, make sure to read the other sections of the guide to better understand the context of this section.
Play to earn is on the rise
Even if you are only looking to invest in the SIM token, it's important to know that dCity is a blockchain game and while it still has not achieved the same level of success as the likes of Splinterlands, there is no denying that play to earn games are getting a lot of attention right now and dCity might as well be the next game to make it big, especially if you consider the number of new users coming to Hive because of Splinterlands. They are mostly gamers so it's not hard to believe that they would be interested in games such as dCity as well.
SIM has use cases other than gaming
SIM is the token of the dCity game and it's needed if you want to play the game itself but even if you only want to approach SIM from an investor perspective, you should know that you can also use it in DeFi by providing liquidity on Tribaldex Diesel Pools.
That will allow you to get some return for holding SIM even if you are not playing dCity at all.
It's cheap to get in right now
Whether you are interested in the game itself or you want to buy some SIM purely as an investment, now may be a good time to do so.
The price of SIM is soft pegged to 0.005 HIVE and, as you can see on the chart below, it's currently trading below that.
This is a good entry opportunity for players and investors who believe in the long term potential of SIM and dCity.
So, should I buy dCity SIM in 2021?
The combination of all the attention that blockchain games are getting, the increasing flow of new users (mostly gamers) brought by Splinterlands and the current low price of the SIM token create a very interesting opportunity for investors looking to add SIM to their portfolio.
As always, it's very hard to predict what is going to happen in the world of crypto so you should treat this, and every other section of our dCity SIM guide as a starting point to make an informed decision.
Do your own research and never invest money you cannot afford to lose.
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