Explore the exciting world of gaming cryptocurrencies, where innovation and entertainment offer potential for profit. We’re highlighting the top 3 gaming crypto coins to invest in right now. These coins are at the forefront of combining technology with immersive gaming, promising to transform the crypto market. Instead of just playing games, consider investing in them. Join us on this journey where your passion for gaming could lead to profit. Welcome to the intersection of gaming and investing!
A gaming cryptocurrency is a type of digital money created specifically for use in video games. It enables players to securely purchase, sell, and trade virtual items using blockchain technology, which provides enhanced control and transparency. Certain gaming cryptocurrencies even offer the opportunity for players to earn real-world value by participating in in-game activities.
Example
Axie Infinity’s AXS is a gaming crypto coin used for in-game transactions within the Axie Infinity game. Players can buy, sell, and breed virtual creatures known as Axies using AXS tokens. Additionally, AXS grants governance rights in the Axie Infinity ecosystem, giving players a voice in the game’s evolution and updates.
Top 3 Gaming Crypto coins to invest are
1. The Sandbox (SAND)
In 2011, Pixowl launched The Sandbox, a blockchain-powered virtual world that allows users to create, create, purchase and sell digital assets as a game. The Sandbox leverages the power of DAOs and NFTs to create a decentralized platform for an active gaming community.
Price Today
The current price of The Sandbox (SAND) stands at $0.7772 today, accompanied by a trading volume of $275,229,251.10 over the last 24 hours. This indicates a 2.35% decrease in price within the day, while showing a 4.10% increase in price over the past 7 days. The circulating supply of The Sandbox is 2.3 Billion SAND, resulting in a market cap of $1,695,632,977.
Technicals
The price has broken the ascending triangle. Currently, it is retesting the triangle. A successful retest would serve as a bullish confirmation.
The SAND/USDT chart is showing a strong bullish trend, marked by higher highs and higher lows since the beginning of 2024. This indicates a potential continuation of the uptrend. The recent breakout above a key resistance level, which has now become a support zone (highlighted in green), is in line with an Ascending Triangle pattern, typically signaling a bullish trend. Considering a long position with moderate confidence is recommended, entering strategically during a pullback to the green support zone ($0.70 to $0.72). An exit target of around $0.90 is expected, while a stop loss slightly below $0.68 is suggested to manage risk effectively.
Price Prediction
In March 2024, crypto analysts predict that The Sandbox’s average SAND rate will be around $1.30, with a potential ROI of 138.8%. The minimum price is expected to be $0.801, while the maximum price could reach $1.80.
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2. Axie Infinity (AXS)
Axie Infinity combines NFT collectibles and blockchain technology in a digital game where players can collect, breed, and battle fantasy creatures known as Axies. By participating in Ranked PvP mode, users can earn Smooth Love Potion (SLP) tokens. The game’s unique storytelling, art direction, and expanding world have made it popular among gamers worldwide. AXS serves as the governance token for Axie Infinity, allowing token holders to influence the game’s direction through voting. This decentralized approach contrasts with traditional games, where decisions are solely made by developers. AXS holders can also stake their tokens to earn more AXS and participate in governance proposals.
AXS Price Today
Today, Axie Infinity (AXS) is priced at $12.76, with a trading volume of $145,024,437.05 over the last 24 hours. The price has increased by 4.22% in the past day and by 25.81% in the last 7 days. With a circulating supply of 140 million AXS, the market cap of Axie Infinity is $1,766,925,434.
Technicals
The price has broken out of the cup and handle chart pattern. Following a successful retest, we anticipate a significant upward bounce.
The AXS/USDT chart displays a bullish ‘cup and handle’ pattern, indicating a potential continuation of the upward trend after breaking out above the handle. It is recommended to consider a long position with confidence, aiming for an entry point near $12 and a target price of $16. To manage risk, a stop loss can be set slightly below $11. Keep an eye out for retests of the breakout to identify entry opportunities and adapt to market fluctuations.
Price Prediction
In March 2024, crypto analysts predict that the average AXS rate will be around $13.60, with a potential ROI of 12.2%. The minimum price is expected to be $12.30, while the maximum price could reach up to $$13.99.
3. Acent (ACE)
The Acent blockchain is specifically designed to handle large amounts of data and deliver a fast and immersive web 3.0 experience. It achieves this by utilizing its unique interface and crypto engine API technology, which maximizes the computing power of the user’s device while ensuring that blockchain data validation remains synchronized with the blockchain.
Price Today
Acent (ACE) is currently priced at $0.01311, with a trading volume of $260,415.01 over the last 24 hours. The price has gone up by 9.98% in the past day but has decreased by -4.03% in the last 7 days. Acent has a circulating supply of 120 million ACE, giving it a market cap of $1,573,622.
Technicals
The chart for ACE / TetherUS displays a symmetrical triangle, which is usually seen as a pattern of continuation. This suggests that there could be a potential increase in bullish momentum if the price breaks above the upper trendline. Traders with medium-high confidence may want to keep an eye out for a confirmed breakout before considering a long position. It would be wise to set a target based on the height of the triangle and place a stop loss just below the recent swing low or the lower trendline of the triangle. Confirming the breakout with volume would further support the decision to enter the trade. As always, it is important to remain vigilant and prioritize risk management.
Price prediction
Crypto experts predict that the average ACE rate in March 2024 will be around $0.0207, based on the price fluctuations of ACENT at the start of 2023. The minimum price is expected to be around $0.0126, while the maximum price could reach up to $$0.0288. This projection indicates a potential ROI of 144.1%.
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Endnote
To summarize, The Sandbox (SAND), Axie Infinity (AXS), and Acent (ACE) are notable gaming crypto coins that show promising potential. Sandbox’s bullish trend indicates a strategic entry point, with the aim of exiting at approximately $0.90. Axie Infinity’s cup and handle pattern suggests a favorable upward trajectory, with a target price of $16. Acent’s symmetrical triangle pattern implies potential bullish momentum after a breakout, making it worth monitoring. Stay attentive to these gaming crypto coins for potential profits in the ever-changing realm of crypto gaming investments.