This week’s analysis of the cryptocurrency market shows that gaming coins are among the most profitable. Currently, the bullish trend is rising, with Bitcoin’s price crossing $60K. Many altcoins like MAX, UDS, and others are setting new record highs.

This presents a good opportunity to purchase even more of these cryptocurrencies. The week’s trending gaming coins are Matr1x (MAX), Undead Games (UDS), and BakeryToken (BAKE). The rest of the crypto market is calmly trending upwards without significant fluctuation.

Matr1x (MAX): Gaming Coin's Bullish Surge

Matr1x (MAX), a gaming platform, saw a follow-on bullish surge and increased over 100% after its inception. The buying interest was strong, leading to a massive spike in trading volumes, reflecting investor optimism for MAX.

At press time, MAX was trading at $0.311 with an intraday surge of 1.96%, showing buying momentum on the chart. The trading volume rose over 29.0% to $109.64 million.

Regarding the market cap, the token was ranked at 2202 with a market cap of $248.53 million. It has a total supply of 800 million.

The ongoing price action shows that the token moved flat during the intraday session and recorded a minor retracement from the peak. Fueled by bullish sentiments for MAX, it may trigger a range breakout soon, paving the way for further gains.

Undead Games (UDS): All-Time High Achieved

Established in early 2022, Undead Games is a versatile gaming company dedicated to bringing engaging and feature-rich gameplay to the crypto space.

The UDS token witnessed massive volatile moves. It reached its all-time high (ATH) around $2.82, but a long rejection candlestick was observed. The token fell over 40% from the top.

At press time, the UDS token was trading at $1.58 with an intraday surge of 42.30%, reflecting increased buying momentum.

With a market cap of $61.60 million, the token was ranked at 389. It saw a sharp surge in trading volume.

The price action reveals a sharp volume-based buying action, and the token exhibited a significant rise of over 42% intraday. Following the double bottom pattern formation, a breakout occurred as the token extended its bullish trajectory.

BakeryToken (BAKE): Potential for Growth

The BAKE token displayed a reversal from the demand zone, sharply rising over 30% this week, demonstrating a bullish streak.

The daily chart projects a double-bottom formation, followed by a significant price pullback, signifying buyer accumulation from the lows.

At press time, BAKE was trading at $0.318 with an intraday surge of 4.39%, reflecting a sharp price reversal accompanied by over a 32% volume surge intraday.

In terms of market cap, the token was ranked at 189 with a total supply of 731.52 million. Its RSI and MACD indicators showed positive divergence, suggesting a potential breakout ahead. According to the Fibonacci levels, the token retained the 38.2% zone and triggered a bullish reversal, hinting at further upward momentum.

Conclusion

Gaming cryptocurrencies such as Matr1x (MAX), Undead Games (UDS), and BakeryToken (BAKE) show strong growth potential. In the current bullish market trend, investors show significant interest in these tokens, leading to price and volume increases. This could be an excellent opportunity for those looking to invest in promising cryptocurrency projects.