Since the emerging crypto asset class is much like venture capital with liquidity, performing a quick market size analysis can provide insights into potential fundamental asset value.
GameCredits (GAME) is seeking to be the cryptocurrency for the global gaming industry. By building an “App Store” like platform, GameCredits has incentivized game developers and game users to use GAME to buy and sell games and in-game items faster, safer and more privately than with credit cards.
Strong, the founding team is well known in the Gaming industry…positive
Weak, a Bitcoin clone for gamers…negative
The Global Mobile Gaming Market is projected to reach $58.1 billion by 2020. GameCredits has positioned itself as an alternative to the Google and Apple App stores, through the use of its cryptocurrency GAME. GAME incentivizes developers to list their games on the GameCredits platform by offering lower costs and faster settlement of funds. At the same time GAME allows for a richer in-game experience for gamers. Due to these incentives, we assume a 5% market share for GAME in the next 2 years.
Given the assumptions (above) the 2-year GameCredits (GAME) price target is given below: