Why Gaming Altcoins are Set to Shine in the 2024 Bull Run
If you’re interested in investing in cryptocurrencies, you may want to consider gaming altcoins as potential stars in the upcoming bull run. The crypto market has shown resilience and promising recovery, driven by factors such as increased blockchain technology adoption and the rising popularity of play-to-earn gaming.
Top 3 Gaming Coins to Consider
As the cryptocurrency market enters a new phase, three gaming-related altcoins have gained significant traction: Axie Infinity (AXS), Gala (GALA), and Decentraland (MANA).
Axie Infinity (AXS)
Axie Infinity’s native token, AXS, has experienced a strong recovery and currently holds a market capitalization of $833 million. With a trading volume of $60 million and $142 million tokens in circulation, AXS has potential for growth despite ongoing challenges in the play-to-earn gaming industry.
Gala (GALA)
GALA, the native token of Gala Games, has seen a notable price increase and offers multiple entertainment options beyond gaming. With a market value of $537 million and approximately $25 billion GALA tokens in circulation, it presents growth potential driven by its adoption in play-to-earn gaming platforms.
Decentraland (MANA)
Decentraland’s native token, MANA, has been on an upward trend with a market capitalization of $779 million. It has seen a nearly 16% increase in the past week and offers strong growth opportunities within the virtual world market.
Hot Take: The Future of Gaming Altcoins
Gaming altcoins like Axie Infinity, Gala Games, and Decentraland hold promise for crypto market growth. Their future success depends on factors like market changes and ongoing developments in their systems. It’s crucial to make investment choices wisely after careful research and thought.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.