Derace Crypto: A Good Investment Bet?

DeRace (DERC) is a play-to-earn NFT horse racing metaverse where users can breed NFT horses with unique features, construct their own NFT hippodrome, and participate in races. It is the first decentralized blockchain-based racehorse platform that combines three significantly growing multi-billion-dollar markets: video gaming, gambling, and horse racing. The DERC token fuels the DeRace ecosystem and allows players to make in-game purchases, place bets, and earn winnings and asset trades. As of March 2024, analysts projected a bullish trend for DeRace, with prices potentially reaching $0.8930 in 2025. However, it is important to note that cryptocurrency investments carry a high level of risk, and individuals should carefully consider their personal circumstances and risk appetite before investing.

DeRace's unique selling point

DeRace is a unique blockchain-based racehorse platform that combines three rapidly growing multi-billion-dollar markets: video gaming, gambling, and horse racing. It is the first of its kind, allowing users to breed NFT horses with unique characteristics, participate in races, and build their own virtual hippodromes.

The platform's key selling point is that players can purchase and interact with their DNA-enriched NFT horses, which are 100% unique. Each virtual horse has variable skills, such as speed and stamina, which are important factors in determining the winner of a race. Players can breed their NFT horses to create stronger assets, with a new horse's skills depending on the genetics of the parent NFTs and development through a Generic Algorithm powered by Ethereum Smart Contract.

DeRace also offers a range of ways to earn tokens, including participating in races, owning parts of hippodromes, and betting. The DERC token, an ERC-20-based token, fuels the platform by allowing players to make in-game purchases, place bets, and earn winnings and asset trades.

With a unique offering that combines gaming, gambling, and horse racing, DeRace has the potential to disrupt the $700 billion betting market and revolutionise the way people gamble online.

The DERC token's utility

DeRace (DERC) is a unique crypto token with a range of utilities that power its ecosystem. DERC is an ERC-20-based token on the Ethereum blockchain that fuels the DeRace platform, a decentralised blockchain-based non-fungible token (NFT) horse racing ecosystem.

The DERC token has multiple use cases within the platform, driving its utility and value. Firstly, it allows players to make in-game purchases, enhancing their gaming experience and progression. Players can buy, breed, and trade NFT horses with unique characteristics, enriching the gameplay and offering a level of customisation.

Secondly, DERC facilitates betting on live horse races within the game. Players can place bets on their preferred horses, with the winning horse collecting all fees and a percentage of the bets. This creates an engaging and competitive environment, encouraging strategic decisions and active participation.

Thirdly, DERC enables players to construct and own their own virtual hippodromes, or racetracks, where races are hosted. These hippodromes are comprised of 10,000 individual NFT tokens, and players who own over 5,000 tokens become administrators, or bookmakers, of the hippodrome races. This feature not only generates revenue for players but also adds a layer of exclusivity and control over the racing events.

Furthermore, DERC tokens can be earned through various activities within the platform. Hippodrome races involve a fee to enter, and the winning horse collects all the fees and a portion of the bets, providing an incentive for players to improve their horses and compete. Additionally, players can earn tokens through betting, with payouts calculated via an algorithm, and by owning parts of hippodromes, where they receive tokens based on their share of ownership.

The DERC token, therefore, acts as the lifeblood of the DeRace platform, facilitating a range of interactions and transactions. It empowers players to engage in the horse racing metaverse, breed and trade horses, bet on races, and own and administer hippodromes. These utilities contribute to the token's value proposition and potential for future growth.

DeRace's market cap

DeRace (DERC) is a play-to-earn NFT horse racing metaverse where users can race, breed, and trade NFT horses with unique features. It is a hybrid of two large markets: video gaming and horse racing, brought together by blockchain and NFT technologies. DeRace has since been rebranded to zkRace (ZERC), and the ZERC token is now the native token of the platform.

ZkRace has a total supply of 120 million tokens, with a current circulating supply of 120 million ZERC coins. The current market cap of zkRace is $13,659,567 USD, with a 24-hour trading volume of $72,661.23 USD. The live zkRace price today is $0.113830 USD, down 3.43% in the last 24 hours. The all-time high of zkRace is $8.45, reached in November 2021.

The market capitalization of zkRace is calculated by multiplying the current price of the token by the circulating supply of ZERC tokens. This metric provides insight into the total market value of the cryptocurrency and is a commonly used metric for comparing different cryptocurrencies.

The fully diluted valuation (FDV) of zkRace is another important metric. It is calculated by multiplying the current price of the token by the total supply of ZERC tokens. The FDV represents the theoretical market capitalization if all tokens were in circulation, assuming a constant market price.

The trading volume of zkRace is also a significant factor, indicating the level of market activity. As of September 15, 2024, the 24-hour trading volume was $73,296.99, representing a 14.80% increase from the previous day.

ZkRace is currently ranked #871 in market capitalization on CoinMarketCap, down from its previous ranking of #731 on CoinGecko. The project has a dedicated team of founders and advisors, including former professional footballer Michael Owen and former South African international cricketer AB de Villiers.

DeRace's price history

DeRace (DERC) is a play-to-earn NFT horse racing metaverse where users can race, breed, and trade NFT horses with unique features, as well as construct their own NFT hippodrome. It is the first decentralized blockchain-based racehorse platform that combines three significantly growing multi-billion-dollar markets: video gaming, gambling, and horse racing.

DeRace was founded in the first quarter of 2021 and its IDO launched on July 26, 2021, on DAO Maker. The DeRace NFT token sparked investor enthusiasm, surging by 812% between August 15 and November 21, 2021. The DERC coin reached its all-time high of $8.45 on November 25, 2021, after developers announced the full functioning of the NFT horse ticket exchange programme and the finalization of certain aspects of the game's beta version.

However, the token's price dropped to $6.5 the following day. It rose to $7.20 on November 27, 2021, amid reports that the racing smart contract for the DeRace beta game was complete and had started test rounds. Since its November high, the coin has been on a downward trajectory. As of July 27, 2024, the price of zkRace has decreased by 0.21% in the last hour and 0.04% in the past 24 hours. The current price is $0.12 per ZERC, with a 24-hour trading volume of $125.24K. The current market cap of zkRace is $14.39 million.

Analyst predictions for DeRace's future price

One source predicts that DeRace (DERC) will trade at $14.37 in 2022 and reach $54.51 by 2026. This is based on an analysis of the token's past price performance, which saw it increase by 812% between 15 August and 21 November 2021.

DigitalCoinPrice, on the other hand, predicts that the token will reach its first double digits only by 2026, forecasting a value of $5.91 in 2022, $7.1 in 2025, and $15.58 by 2028.

Another source predicts that the price of DeRace will reach a maximum of $1.27 by the end of 2026, with an average price of $1.10.

It's important to note that price predictions can be wrong and shouldn't be used as a substitute for your own research. The cryptocurrency market is highly volatile, and the price of DeRace has fluctuated since its launch.

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