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One of this week’s most encouraging cryptocurrency projects is My DeFi Pet. The platform’s native token, DPET, has risen in value by 60% to over $5.20, and its trading volume has also climbed by 270% to nearly $28 million. Some crypto commentators are speculating that this may just be the beginning for a coin that has experienced meteoric success since its launch back in May.

As a result of this increased interest, we thought it would be useful to provide an introductory guide to the MyDeFiPet crypto, explaining all of the key information you need to know before you invest in DPET coin. Read this article to discover what the project is all about, what its future investment prospects are, and what our DPET price forecast is.

If you want to buy coins right now, scroll down to the section immediately below to see our list of the two best places to buy, sell and trade DPET crypto in the UK and elsewhere.

The best platforms to buy and sell DPET tokens are online cryptocurrency brokers. While some crypto investors and traders choose to use decentralised exchanges (DEXs), we feel crypto brokers offer an easier-to-use service, often with lower fees.

Simply click one of the links, sign up, deposit funds and buy the number of My DeFi Pet coins you want to hold. Here are our two top picks:

eToro is one of the world's leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It's social copy trading features make it a great choice for those getting started.

Register with eToro instantly

Safemoon Trader is a trading software offering users a wide range of cryptocurrency coins including SAFEMOON, DOGE and Bitcoin.

Register with Safemoon Trader instantly

It is a blockchain-based video game that has been developed by Topebox, which is a leading Vietnamese gaming studio. It allows players to collect their very own digital pets, battle against fellow players, and trade in-game items.

The game leverages blockchain technology, utilising various elements of decentralised finance (DeFi) and NFTs to make its gameplay actionable. On the DeFi side of proceedings is MyDeFiPet’s economy, which is powered by DPET tokens. This cryptocurrency allows users to bid on digital pets, purchase eggs and even upgrade their own existing animals.

As for NFTs, these find their role in validating digital ownership; players can prove they own their pets and items because they are represented as unique, unduplicatable tokens on the blockchain.

If you want to think of some existing games that are similar for comparative purposes, think of Axie Infinity, Pokemon and even Tamagotchi. My DeFi Pet appears to have revolutionised the way these long-running games are played and experienced, providing unprecedented levels of digital ownership along with the security of blockchain and the lucrativeness of holding DPET tokens.

That depends entirely on your individual investment strategy, financial goals and gaming needs.

If you simply want to play My DeFi Pet, buying tokens could help accelerate your in-game progress while providing the added benefit of potential MyDeFiPet price accretion.

Moreover, there are other reasons to feel bullish. For a start, several big studios have backed the project, demonstrating the promise of the platform. In addition, the crypto and NFT narratives are extremely hot right now, which could help add momentum and growth to this story.

However, any investment comes with a degree of risk, and this is elevated when dealing with cryptocurrencies. They are innately volatile, and they are not quite as transparent as stocks, so make sure you conduct your own fundamental and technical analysis before putting your capital on the line.

While this is wholly unlikely, it isn’t impossible. Projects with less fundamental value – such as Dogecoin – have already experienced exponential price increases this year.

Our DEPT price prediction is as follows:

FTW, MyDefiPet

Soon $DPET token will compete with $AXS token 😁🙏🏻

Let's all promote all play to earn games! ❤️ pic.twitter.com/64TYDh20wd

I need to I wanna
save money invest early
for Axie Infinity in My Defi Pet

( •_•) (•_• )
( ง )ง ୧( ୧ )
/︶ /︶

Check out our crypto news for more on DPET crypto and trending cryptocurrencies.

The post The best places to buy DPET tokens: My DeFi Pet surges 60% appeared first on Invezz.

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