The broader cryptocurrency market is positive after the world’s largest futures exchange operator, CME Group, announced its plans to start Bitcoin trading to expand its portfolio. After the announcement, Bitcoin’s price hit a revival, and other cryptocurrencies became the biggest beneficiaries of the relief rally.
While the pioneer cryptocurrency continues with positive impressions, gaming tokens have eclipsed its performance, which stands out with strategic network developments, higher growth potential and robust market performance. So investors focus on these top five gaming cryptos with 100x returns.
KangaMoon (KANG) Already Up 400% —Is 100x Possible?
Amid the booming GameFi studios on the market, KangaMoon (KANG) takes center stage with its unique combination of SocialFi elements and GameFi’s play-to-earn concept. The platform will assemble an ecosystem called “Kangaverse,” where players interact with other like-minded individuals and engage in speculative betting and combat-themed challenges. And as a result, they win rewards in the form of KANG and rare NFTs.
Unlike other gaming tokens, the KANG token has real utility. Players will be able to facilitate transactions in the ecosystem with KANG. They will get access to exclusive games, create and upgrade their Kangaverse characters, and buy in-game items on the market. So far, the KangaMoon presale has had a robust performance, generating over $6.8 million in revenue and possibly eyeing the $8 million mark in the coming days.
Moreover, early investors recorded more than 400% ROI in price value from its initial offer of $0.005 to $0.025. With the BitMart Exchange listing announcement, experts are tipping the KANG token to climb to $0.5. Remarkably, KangaMoon is poised to tap into the booming NFT game play-to-earn market, which is growing rapidly at around 17% CAGR and could potentially increase to $8856.96 million by 2028.
With this view, KangaMoon has positioned itself as the best gambling token to watch in 2024 and the best option for savvy investors looking for astronomical returns. Its rapidly growing community of over 23,000 and around 10,000 holders has made the KANG token highly sought after in the gaming cryptocurrency market. So now is the optimal time to join the KangaMoon community.
Invariant X price swing as the DAA divergence shifts
The Immutable X coin is another gaming crypto making waves in the wider market. The immutable X coin has seen a robust market performance driven by the broader market recovery. Its price rise has remarkably eclipsed the performance of established Bitcoin, cementing its position as the best gaming token to buy as a long-term crypto investment.
What is more interesting is that its Daily Active Addresses (DAA) divergence indicates a shift in neutral to bullish sentiment. This suggests that the gaming token is poised for further price increases. In addition, the Immutable X coin has experienced an increased increase in market activity, with its trading volume increasing.
With this view, many experts have made Immutable X price predictions, suggesting that its value may reach $7 by the end of 2024. Therefore, Immutable X is an excellent buying option and one of the best coins to buy in 2024.
Gala (GALA) introduces new game—Common Ground World Town Hall
Gala Network is positioning itself as a remarkable player as the revolutionary play-to-earn concept is heating up in the gaming market. The gaming platform has created games that prioritize community, but more importantly, offer quality without appealing to repetition.
Away from the Gala crypto ecosystem, its market performance has been robust, adding a significant gain in value. The recent Gala price increase can be attributed to the overall market optimism and its latest efforts. Remarkably, the Gala Network has introduced a new game—Common Ground World Town Hall into its ecosystem.
With this positive news, experts see the Gala coin continuing to make massive gains as its technical indicators are green, reflecting the bulls ruling the market. Therefore, this gaming token is one of the best gaming cryptos to buy right now.
Floki Price Rises After 15.25B Token Fire Approval—Will It Maintain This Upward Trajectory?
Another booming GameFi token to watch in 2024 is the Floki coin. Its NFT game metaverse—Valhalla, offers a unique game concept. Recently, the Floki coin has gained more visibility in the wider market due to its latest development.
Recently, Floki crypto has experienced significant listings and exchange integrations such as Kraken and Binance Exchange-Thailand branch. The large exchange listings indicate that the overall perception of the Floki coin in the market has shifted. More importantly, its community voted overwhelmingly to burn a staggering 15.25 billion tokens, reflecting its consensus to lower the supply in circulation.
With these many developments, the Floki ecosystem has seen an influx of merchants. Its community-driven initiatives and resilience in the market charts place this gaming crypto among the best gaming crypto tokens to invest in right now.
Axie Infinity Crypto Witnesses Whale Activity—Will It Cause AXS Price Increases?
Another gaming token that has changed the gaming industry is the Axie Infinity coin. Due to its unique gameplay features, the blockchain-based trading and fighting platform has attracted attention in the wider market. It has built a gaming ecosystem that prioritizes its community, where they are actively involved in the development and decision-making process
Beyond the ecosystem, its native token, AXS, is struggling in the market. However, with the recent whale buying warning, the price of Axie Infinity may be poised for an upswing. According to CoinMarketCap data, an unknown whale bought $172,640.96 worth of AXS. The recent whale activity reflects broader investor confidence in the Axie Infinity coin.
With this view, many analysts have made bullish Axie Infinity price predictions, suggesting that the gaming token could reach $15 by the end of 2024. Therefore, the Axie Infinity crypto is one of the best cryptocurrencies to buy right now for 100x returns.
Closure
As traditional institutions move further into the digital asset sector, aiming to capitalize on the growing demand for cryptocurrencies, less established gaming tokens are taking the spotlight. With the potential to offer higher returns and strategic blockchain developments, gaming cryptocurrencies have proven to be worthy contenders to topple established coins in the cryptocurrency market.
KangaMoon is leading the booming GameFi pack, with its innovative play-to-earn concept and small market cap that requires less funds to trigger a double raise. Therefore, the KANG token is one of the best cryptos to invest in 2024.
Discover the exciting opportunities of the KangaMoon (KANG) presale today!
Disclaimer for Uncirculars, with a Touch of Personality:
While we love diving into the exciting world of crypto here at Uncirculars, remember that this post, and all our content, is purely for your information and exploration. Think of it as your crypto compass, pointing you in the right direction to do your own research and make informed decisions.
No legal, tax, investment, or financial advice should be inferred from these pixels. We’re not fortune tellers or stockbrokers, just passionate crypto enthusiasts sharing our knowledge.
And just like that rollercoaster ride in your favorite DeFi protocol, past performance isn’t a guarantee of future thrills. The value of crypto assets can be as unpredictable as a moon landing, so buckle up and do your due diligence before taking the plunge.
Ultimately, any crypto adventure you embark on is yours alone. We’re just happy to be your crypto companion, cheering you on from the sidelines (and maybe sharing some snacks along the way). So research, explore, and remember, with a little knowledge and a lot of curiosity, you can navigate the crypto cosmos like a pro!
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