Top Gaming Altcoins To Buy: Immutable (IMX), Gala Games (GALA), Decentraland (MANA), Sandbox (SAND)
- 王林Original
- 2024-08-24 00:10:10361browse
As the bullish momentum increases, interest in DeFi, AI, and Gaming tokens increases. With the bullish resurgence showing potential to hit 2021 levels. Here are the top Gaming tokens to buy.
As Bitcoin continues its bullish rally, reaching $61K for the seventh time since August 8th, the altcoin market is surging towards the $1 trillion mark. This bullish momentum is driving up interest in DeFi, AI, and Gaming tokens.
With the potential for a bullish resurgence to 2021 levels, here's a look at the top Gaming tokens to consider for purchase.
Top Gaming Altcoins To Buy:
Immutable (IMX)
As the largest gaming token in the crypto industry with a $2B market cap, the IMX token has seen a 17.60% increase in the last seven days. The IMX token's current price is $1.33, showcasing a 7.82% rise in the last 24 hours.
The daily chart for the IMX token reveals a falling wedge pattern. However, the recent bull cycle is presenting a positive breakout rally. With a series of five bullish candles, the uptrend is challenging the 50-day EMA.
A bullish crossover on the MACD indicator indicates a demand resurgence, teasing a potential breakout rally to the 200-day EMA at $1.76. Following the resistance levels, $2 and $2.5 are crucial overhead resistances after the $1.66 horizontal level.
Gala Games (GALA)
The GALA token boasts a market cap of $681M and has seen a 24.52% increase in the last 7 days. Currently, the GALA token's price is $0.01999, showing a 24-hour jump of 8.92%.
The daily chart for the GALA token showcases a long-term trendline breakout as the bull cycle gains momentum. Furthermore, the GALA token demonstrates a sequence of 7 bullish candles and is set to challenge the 50-day EMA.
Like the other gaming tokens, the GALA token is poised for a strong rally with the trendline breakout. Based on the Fibonacci levels, the uptrend can be anticipated at the 23.60% level at $0.031.
Decentraland (MANA)
The MANA token has a market cap of $561M and has seen a 9% increase in the last seven days. The MANA token's current price is $0.2960, showing a 24-hour gain of $4.19.
Further, the daily chart shows the MANA token struggling to break out of a falling wedge as the bull cycle gains steam. With an intraday jump of 3.20%, a bullish candle increases the possibility of buyers pushing through the $0.35 resistance, challenging $0.3774 or the 23.60% Fibonacci level.
Sandbox (SAND)
The SAND token has a market cap of $664M and has seen a 14.29% increase in the last seven days. Currently, the SAND price is $0.2846, showing a 24-hour jump of 3.53%.
The SAND token showcases a double-bottom reversal from $0.2389 on the daily chart. The bullish reversal also finds support from the long-coming support trend line.
Furthermore, the recent bull cycle is aiming to challenge the 50-day EMA as it bounces back from the support levels. As the uptrend gains momentum, the SAND token is likely to challenge the 200-day EMA and the overhead resistance trend line near the 23.60% level at $0.6848.
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