With the onset of a new bullish trend in the cryptocurrency market, interest in gaming tokens has significantly increased. Let's take a look at some of the most popular gaming tokens at the moment.
Immutable (IMX)
IMX is considered the largest gaming token in the crypto industry with a market cap of $2 billion. Over the past 7 days, the token has gained 17.60%, currently trading at $1.33 with a daily increase of 7.82%. On the daily chart, IMX shows a falling wedge pattern with the recent bull cycle indicating a potential breakout. The MACD indicator also demonstrates a bullish crossover, signaling further growth to the 200-day EMA level at $1.76.
Gala Games (GALA)
GALA token with a market cap of $681 million has increased by 24.52% over the last week. Currently trading at $0.01999 with a daily jump of 8.92%. On the daily chart, GALA showcases a long-term trendline breakout with the bullish cycle gaining momentum. The Fibonacci level indicates potential growth to the 23.60% level at $0.031.
Decentraland (MANA)
With a market cap of $561 million, the MANA token has increased by 9% over the last week. It is currently trading at $0.2960 with a 24-hour gain of 4.19%. The daily chart of MANA shows a falling wedge breakout, although it is struggling to surpass the 50-day EMA. An intraday jump of 3.20% increases the likelihood of reaching $0.35 and potentially challenging the Fibonacci level at 23.60%.
Sandbox (SAND)
On the daily chart, the SAND token shows a double-bottom reversal from $0.2389. With a market cap of $664 million, SAND has increased by 14.29% over the last week. It is currently trading at $0.2846 with a 24-hour gain of 3.53%. The bullish cycle is set to challenge the 50-day EMA and aims to reach the 200-day EMA and the 23.60% level at $0.6848.
The growing interest in gaming tokens amid the bullish market presents new opportunities for investors. It will be interesting to watch how these tokens evolve in the near future.
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