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The GameFi sector is heating up, with top projects Beam and Immutable X pumping 7% and 6.7%, respectively. Mega Dice is also gaining traction.
New gaming coins are also catching attention, with the trending presale Mega Dice token raising $450K and receiving support from top analysts.
GameFi tokens surge
Beam and Immutable X have soared today, outpacing the market average amid a growing appetite for GameFi cryptocurrencies.
AI and meme coins led the last crypto market rally, but following the recent pullback, analysts anticipate GameFi to be one of the most dominant narratives.
Well-known trader Alex Becker highlighted that the total crypto gaming market cap is approximately $20 billion and said that in a “full bull market, individual meme coins have moved up this amount in days.”
As such, the analyst anticipates significant returns for gaming cryptos in the coming months, speculating, “It takes almost nothing to send coins back to top price and then 5x that. The recovery and return up will be lightning fast.”
The recovery has already started, with Beam surging 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, which is up 48% today.
Market analyst Woods.ai forecasts a move toward $0.5 in the coming weeks, highlighting how the recent uptick is breaking a parallel channel to the upside.
The analyst points out that the bounce follows a retest of a long-term support and resistance level, further validating the current upswing.
Immutable X enjoys a similarly bullish outlook, up 6.7% today and 26% this week, down 15% this month, and up 147% this year.
It is currently priced at $2.39 with a $3.4 billion market cap and a $73 million 24-hour trading volume, up 45% today.
Prominent trader Crypto Patel recently highlighted that IMX is bouncing from a higher time frame “demand zone” and remains on a long-term uptrend.
The analyst cites its 2024 high of $3.7 as a potential target in the coming weeks.
Meanwhile, the new GameFi token Mega Dice is also drawing analysts’ attention as its presale surpasses $450K.
Mega Dice attracting investors
Mega Dice token is a Solana-based GameFi cryptocurrency launched by the industry-leading Mega Dice casino.
The project has witnessed tremendous early momentum, with Mega Dice’s notoriety instilling confidence in traders.
The Mega Dice token is undergoing a presale and has raised $450K so far. The project aims to add value to existing players while rewarding new users with the advent of DICE.
The new token introduces an unprecedented advantage, offering holders daily passive rewards based on the casino’s success. In addition, holders can access limited edition NFTs, exclusive features, early bird bonuses, and a referral scheme.
Mega Dice casino boasts over 50K players, with 10K active monthly and $50 million in monthly wagers.
Analysts have noted these metrics, with TodayTrader dubbing DICE the “number one GameFi token on Solana.” The analyst also speculated that DICE could potentially provide up to a 100x ROI from its presale price.
Currently, investors can buy DICE for $0.069. However, the price will increase throughout the presale campaign, with the next uptick occurring when 14.7 million tokens are sold. So far, 6.5 million are sold, so traders should act fast to secure the most upside potential.
To learn more about this project, visit the Mega Dice presale website.
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This article first appeared at crypto.news
