A Deep Dive into Sharpnel: Why It Remains an Undervalued Web3 FPS Game Despite Token Surge
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A Deep Dive into Sharpnel: Why It Remains an Undervalued Web3 FPS Game Despite Token Surge
This game, both the game itself and its token price, still has room for growth.
Navigating Web3 tides with focused insightsAuthor: DEEBS DEFI
Translation: TechFlow
Gaming is the hottest narrative in Web3. There are three reasons for this:
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Gaming is a multi-billion dollar industry;
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Gaming generates more revenue than the combined music and film industries;
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Additionally, ordinary users can play games without needing to understand blockchain;
But among so many games, why did I pay attention to Shrapnel ($SHRAP)? This article will dive deep into Shrapnel.
Shrapnel is a new, high-performing Web3 game.
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Small market cap, under $100 million;
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Strong token price performance, up 330% in 60 days;
Importantly: both the game itself and its token price still have room to grow.
Up 330% in 60 days
$SHRAP has shown early signs of growth. Shrapnel isn't an ordinary first-person shooter (FPS); it's a high-risk treasure hunt game. Players battle in contested zones to retrieve valuable materials dropped from half-destroyed lunar wreckage, and the $SHRAP token adds a whole new dimension to the gameplay.
$SHRAP not only encourages users to play the game but also incentivizes the entire creator economy—individuals can mint maps, skins, and gear to earn $SHRAP rewards.
And this is just the beginning—the image below shows the creator economy built around $SHRAP.
The core team behind Shrapnel is also impressive:
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Experience from major franchises such as Halo and World of Warcraft;
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Advisory team spans members from SEAL Team 6 to Fortnite;
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Backed by top-tier VCs in the cryptocurrency space;
Despite these advantages, Shrapnel still has room for improvement.
Shrapnel’s roadmap is exciting but incomplete, with two areas worth improving:
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More detailed information about long-term sustainability plans for the game;
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Marketing initiatives should be included in the roadmap;
In addition, I examined Shrapnel’s fundamentals. Based on DefiLlama, here are some key data points:
Positive:
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Shrapnel’s TVL continues to grow;
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$SHRAP trading volume has consistently increased over 7-day and 30-day periods;
Negative:
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Shrapnel has not undergone third-party auditing;
One metric almost made me skeptical about $SHRAP: $SHRAP token unlocks
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87% of tokens remain locked;
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47% of tokens allocated to team and investors;
But the good news is:
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Tokens are subject to a 5-year lock-up period;
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Major unlocks won’t begin until the end of 2024;
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Holders are incentivized to stake assets within the game;
How decentralized is this project? I found that most $SHRAP tokens are concentrated in a few wallets, which initially seemed concerning. However, I later discovered these wallets align with escrow wallets used for unlocking—so this is not worrisome.
Moreover, Shrapnel excels at social media marketing, attracting attention from several major KOLs such as @AlexBeckerNT, @crypthoem, and @Flowslikeosmo. A project with strong marketing and community engagement capabilities undoubtedly benefits itself greatly.
Compared to other games, competition is minimal. SHRAP is the first Web3 FPS, with gameplay and marketing comparable to major franchises like COD. While games like Off The Grid (a battle royale title) may dominate mainstream markets, $SHRAP has the opportunity to lead the Web3 gaming sector.
This leads to the final question: when to buy?
There’s no perfect answer. However, after several consecutive weeks of gains, $SHRAP may soon form an accumulation zone. What I’m looking for: 3–4 weeks of resistance and support levels within a stable range.
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@Deebs_DeFi
