News
Key players in the crypto gaming scene in 2024 revealed
As part of the massive DeFi ecosystem lies a branch of GameFi, a fast-growing blockchain gaming technology that offers members the chance to also earn by participating in gaming adventures. Currently, the popular GameFi networks hold some of the most amazing gaming tokens that have huge growth potential.
Top-tier gaming tokens include Immutable (IMX), Gala (GALA), Axie Infinity (AXS), Sandbox (SAND), and KangaMoon (KANG). Although KangaMoon is still in the pre-sale stage, this P2E gaming cryptocurrency has shown its resilience and ability to fight for a place among the best NFT gaming cryptocurrencies. After raising more than $6 million, KangaMoon now aims to reach $7 million in May 2024.
KangaMoon (KANG): Leap into the future of gaming cryptocurrency
KangaMoon (KANG) is on its way to becoming one of the largest communities where meme enthusiasts can meet other like-minded people, have fun and interact. To ensure an exceptional experience within the KangaMoon ecosystem, it has partnered with RaidSharksBot. This partnership will help drive better engagement while increasing enjoyment. It also offers users the opportunity to enjoy a monthly reward of $1,000.
Meanwhile, the KangaMoon KANG gaming token is still growing in reputation and popularity, having registered more than 6,000 token holders in the pre-sale stages. Furthermore, KangaMoon also generated a price increase of over 290% to $0.0196. For this reason, pioneering investors of the KANG token have massively posted a similar rate, making KangaMoon one of the play-to-earn gaming tokens to buy in 2024.
Currently in the fifth pre-sale phase, which is also the last phase, KangaMoon aims to integrate GameFi and game-to-earn features, allowing its users to unlock exclusive content while building alliances with other players as they climb the different ranks and leaderboards. With Kangaverse every challenge offers a chance to earn. Every victory counts and translates into rewards and value in the real world.
Overall, KangaMoon will offer users the chance to become early investors in a potential blue-chip cryptocurrency. As experienced traders, investing in this crypto project early is where you get exponential gains. Investing now before launch guarantees better rewards.
Active immutable (IMX) addresses take a hit
Immutable (IMX) price has shown impressive price structure amid an intensified battle between bears and bulls. However, the immutable money asset has also shown declining capacity as it continues to slide below the 20-day and 50-day EMA bands due to a decline in active addresses. If Immutable continues to experience a surge in sellers, its drastic decline could extend even deeper. Likewise, the price performance of the immutable coin is also on a bearish trajectory, with the MACD below the zero line.
– Announcement –
Immutable’s RSI is also within 40.24, which is not close to the 30 level, indicating that IMX coin is not facing significant buying pressure, which means that Immutable’s price decline may continue. Trading at around $1.85 second CoinMarketCap, The immutable price recorded a decline of 1.93%. If IMX price manages to break above the critical support level of $1.75, it could reach lower levels. However, if its price manages to recover and break the trend line, then Immutable’s price prediction, which is around $2.50 and $3.00, could become reality.
Gala (GALA) Market capitalization decline by 10%.
Gala (GALA) has managed to make great strides in the NFT market by integrating blockchain technology into the gaming industry. Gala’s primary goal is to create gaming environments where players truly own their gaming assets as NFTs revolutionize player engagement and investment. As the gaming industry embraces NFTs, Gala coin offers immense value, making it one of the NFT gaming tokens of 2024. Gala Crypto has registered over 1.3 million active monthly members, having powered over 16,000 player-run nodes.
However, according to the data, the market capitalization of Gala coins is experiencing a decline of 10% to reach the $1.2 billion mark. CoinMarketCap data. Gala price also experienced a 28% increase on its monthly chart, settling around $0.0398 and $0.04040. This significant growth in the Gala coin price is attributed to new developments within the Gala ecosystem, contract address migrations, and a broader bullish trend. Furthermore, the technical indicators of Gala coins are in green, signaling bullish sentiment in the coming days despite its recent declining nature. Something that is in line with the analyst’s price prediction for Gala.
Axie Infinity (AXS) signals positive momentum amid near-term declines
Axie Infinity (AXS) is among the leading NFT tokens promoting the gaming market. Tamagotchi and Pokemon inspired GameFi allows its players to breed, collect, raise and engage in different battles with creatures known as Axies. Recently, Axie Infinity price has seen impressive rallies, something that has been attributed to investor confidence and increased market activity.
Over the past week, the price of Axie Infinity has risen to $8.01 CoinMarketCap. Additionally, Axie Infinity’s 24-hour trading volume saw a 32% increase, reflecting massive market activity. Although the price of Axie Infinity has fallen in recent days, analysts have continued to make a bullish forecast, suggesting that the value could surpass $10 by 2024.
Sandbox (SAND) Prices rise as ecosystem development triggers recovery
Sandbox coin is one of the gaming tokens that traders are looking at. Recently, Sandbox price has witnessed a week-long market performance, with most sellers putting significant pressure on the charts over the past month. This momentum is still reflected in Sandbox’s price, which currently signals a fight between bears and bulls.
However, the Sandbox coin has regained ground thanks to the broader ecosystem development and bull market. The technical indicators of the Sandbox coins appear to be flashing green, something that favors a bullish outlook. Second CoinMarketCap. Experts believe that Sandbox’s price will regain its momentum, especially with new developments within the Sandbox ecosystem, including the arrival of Hackatao.
Conclusion
As gaming platforms start to gain traction in the cryptocurrency market, it is always advisable to be among the early adopters and enjoy high returns. The gaming market offers many opportunities, as evidenced by its market value of around $22 billion. Investing in KangaMoon, therefore, means that you will have the opportunity to explore this ever-growing market and also benefit from it.
Discover exciting KangaMoon (KANG) presale opportunities today!
Disclaimer: This press release article is provided by Client. Customer is solely responsible for the content, quality, accuracy, products, advertising or other materials of this page. Readers should conduct their own research before taking any action relating to the material available on this page. Crypto Basic is not responsible for the accuracy of the information and any damage or loss caused or alleged to be caused by use of or reliance on any content, goods or services mentioned in this press release article.
Please note that The Crypto Basic does not endorse or support any content or products on this page. We strongly advise readers to conduct their own research before acting on any information presented here and to take full responsibility for their decisions. This article should not be considered investment advice.
Disclaimer: This content is informational and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not reflect the opinion of The Crypto Basic. Readers are encouraged to do thorough research before making any investment decisions. Crypto Basic is not responsible for any financial losses.
-Announcement-