Infinity Skies (ISKY) price analysis after it spiked 217% in value

Infinity Skies (ISKY/USD) is a platform where players can build, socialize, trade, and undertake a variety of different adventures.

Each player can compete in a process towards building the most prestigious castle in the community and collect rare non-fungible token (NFT) decorations, skins, and build components.

The platform features its own native cryptocurrency known as the ISKY token. ISKY tokens will be utilized to trade NFTs with other players in the Infinity Exchange, which is a gamified marketplace inspired by classic game marketplaces.

Community engagement and platform development as a catalyst for growth

Infinity Skies has seen a tremendous level of community engagement, where players are building castles as a means of showcasing their creative prowess and what can be done with the game as a whole.

This was engaged by an announcement by Infinity Skies on July 29, 2022, where they posted a competition where the best builders would receive up to $5,000 in prizes.

All of these events and the community engagement as a whole have fueled interest in the project. 

Should you buy Infinity Skies (ISKY)?

On August 16, 2022, Infinity Skies (ISKY) had a value of $0.03033715.

To get a better perspective as to what kind of value point this is for the ISKY cryptocurrency, we will be going over its all-time high and its recent growth.

The all-time high of Infinity Skies (ISKY) was on January 14, 2022, when the token reached a value of $0.727568.

Going over ISKY’s performance throughout the previous month, we can see that the cryptocurrency had its highest point of value on July 9 at $0.01836. Its lowest point was on July 31 at $0.0156. Here we can see a decrease in value of $0.00276 or by 15%.

When we go over its recent growth, on August 15, 2022, we saw ISKY grow from a value of $0.01803221 to $0.057251, which is a growth of $0.03921879 or 217%.

Since then, the token has decreased in value by 22% or by $0.00888164 as of August 16, 2022.

This is a representation of a solid entry point for the cryptocurrency, as when the event ends, the most highly regarded castles will receive prizes, and it is likely that more events will engage the community in the future.

With this in mind, investors may wish to buy the ISKY coin, given we can expect the value to reach $0.08 by the end of August 2022, a strong buy signal.

The post Infinity Skies (ISKY) price analysis after it spiked 217% in value appeared first on Invezz.