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The GameFi sector is heating up, with top projects Beam and Immutable x rising 7% and 6.7%, respectively. Mega Dice is also gaining ground.
New in-game currencies are also attracting attention, with the hot pre-sale Mega Dice token raising $450,000 and receiving support from top analysts.
GameFi tokens rise
Beam and Immutable x have soared today, outperforming the market average amid growing appetite for GameFi cryptocurrencies.
ai and meme coins led the latest cryptocurrency market rally, but following the recent pullback, analysts anticipate GameFi will be one of the most dominant narratives.
The well-known trader Alex Becker x.com/ZssBecker/status/1782146748971987258″ target=”_blank” rel=””>highlighted that the total crypto gaming market capitalization is approximately $20 billion and said that in a “full bull market, individual meme coins have risen this amount in days.”
As such, the analyst anticipates significant returns for gaming cryptocurrencies in the coming months, speculating: “It takes almost nothing to get coins back to the peak price and then five times higher. Recovery and return will be incredibly quick.”
The recovery has already begun: Beam is up 7% today and 28% this week. It is also up 1.1% this month and 567% this year.
BEAM's market cap is $1.7 billion and its 24-hour trading volume is $26 million, up 48% today.
Market Analyst Woods.ai twitter.com/robw00ds/status/1782552768059765227/photo/1″ target=”_blank” rel=””>forecasts a move towards $0.5 in the coming weeks, highlighting how the recent rally is breaking out of an upward parallel channel.
The analyst notes that the bounce follows a retest of a long-term support and resistance level, further validating the current rally.
Immutable
It is currently priced at $2.39 with a market capitalization of $3.4 billion and a 24-hour trading volume of $73 million, up 45% today.
Featured crypto Trader Patel Recently twitter.com/CryptoPatel/status/1782602209802481968/photo/1″ target=”_blank” rel=””>highlighted that IMX is bouncing from a higher time frame “demand zone” and remains in a long-term uptrend.
The analyst cites its 2024 high of $3.7 as a potential target in the coming weeks.
Meanwhile, GameFi's new Mega Dice token is also attracting the attention of analysts as its pre-sale exceeds $450,000.
Mega Dice attracts investors
The Mega Dice token is a Solana-based GameFi cryptocurrency launched by the industry-leading Mega Dice casino.
The project has witnessed tremendous initial momentum, and the notoriety of Mega Dice instils confidence in traders.
The Mega Dice token is on pre-sale and has raised $450,000 so far. The project aims to add value to existing players while rewarding new users with the arrival of DICE.
The new token introduces an unprecedented advantage, offering its holders daily passive rewards based on casino success. Additionally, holders can access limited edition nfts, exclusive features, early bonuses, and a referral plan.
The Mega Dice casino has more than 50,000 players, with 10,000 monthly assets and 50 million dollars in monthly bets.
Analysts have noticed these metrics, with TodayTrader dubbing SAYS the “number one GameFi token on Solana.” The analyst also speculated that DICE could potentially provide a return on investment of up to 100 times its pre-sale price.
Currently, investors can purchase DICE for $0.069. However, the price will increase during the pre-sale campaign, with the next increase coming when 14.7 million tokens are sold. So far, 6.5 million have been sold, so traders should act quickly to secure the biggest upside potential.
To learn more about this project, crypto-news.care/?referrer=beam-immutable-x-surge-7-as-traders-think-mega-dice-could-be-next-gamefi-token-to-explode” target=”_blank” rel=””>visit the Mega Dice pre-sale website.
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