Saturday, April 13, 2024

AVAX and GALA Prices Surge As Crypto Gaming Tokens Turn Bullish

491
SHARES
1.4k
VIEWS
avax

A liquidity rotation into crypto gaming has begun with Avalanche and Gala surging. This week, Avalanche is up 11.02%, while GALA is up 52.35%.

Meanwhile, the eco-friendly gaming presale eTukTuk is also pumping, swiftly approaching the $2 million total raised mark.

AVAX and GALA See Growth as Gaming Narrative Heats Up

Following a monumental boom in AI and meme coin sectors, it seems that gaming tokens will run next as they start outpacing the market.

Bitcoin’s strong price performance is also driving excitement as traders anticipate profit rotations into other cryptos, with gaming at the forefront of beneficiaries.

Prominent commentator and trader Alex Becker published a tweet when Bitcoin was at $69K, speculating that gaming cryptos would significantly do well from the rotation.

“Bitcoin is at 69k, in a bull. Rotation into AI/game coins appears clear,” he wrote.

Layer 1 blockchain Avalanche is renowned for its gaming adoption, with several tier-one gaming studios like Blitz, Off The Grid, and Shrapnel all building on the network.

On Tuesday, Avalanche announced a prominent blockchain game, MapleStory Universe, is launching on an Avalanche subnet.

avalache

The move triggered massive excitement, pushing AVAX to highs of $50.63. Its trading volume has also drastically surged, up 225% today.

According to analyst Rekt Capital, Avalanche’s recent move presents a bull flag retest and lays the way for an uptick toward $70.

“Avalanche has successfully retested the Bull Flag top as new support to fully confirm the breakout. Trend continuation is now in progress. AVAX is soon going to eclipse its December 2023 highs. Next major resistance would be in the $65-$70 region,” he explained.

avax usdt

Meanwhile, Gala is also enjoying bullish momentum, up 53% this week and 197% this month.

Early Bitcoin investor Davinci Jeremie commented on Gala’s success, noting that it has outperformed other GameFi projects and could enjoy continued momentum.

“Amidst the surge of web3 gaming projects last weekend, GALA, a leading GameFi platform, stands out as a significant winner! As more capital continues to flow toward gaming, we might witness even more impressive gains,” he speculated.

Also anticipating further gains, analyst BitLuxe believes Gala could increase by 10x-20x.

bit-luxe tweet

However, renowned trader Crypto God John suggests that projects that merge AI and gaming could outperform.

tweet

One crypto succeeding in this realm is eTukTuk, a new presale merging several hot topics into one high-octane environment.

Green Presale eTukTuk Near $2M While Tapping Into AI, Gaming, and DePIN Narratives

eTukTuk is a revolutionary cryptocurrency presale building a decentralized infrastructure of electric tuk-tuk vehicles and charging stations in developing nations worldwide.

The project is bolstered by AI capabilities, which are used to ensure the longevity and efficiency of its physical infrastructure.

Yet, the project is not only tackling pressing global issues. It also addresses the vast blockchain gaming market with its flagship P2E game. 

etuk-tuk

The game is inspired by the iconic 1990s Crazy Taxi, retrofitting the archaic original with revolutionary technology, revenue share, and a compelling narrative.

eTukTuk’s rendition invites players to pick up and drop customers off around Sri Lanka, the first nation where the project will deploy its electric vehicle fleet.

The platform’s native $TUK token will transfer value within the game and through the broader eTukTuk ecosystem. This adds inherent utility, enabling its price to rise steadily alongside its protocol’s success.

Staking is also available, encouraging users to lock up their tokens and minimize sell pressure. Currently, staking provides a 126% APY. However, this will decrease as more tokens are staked, so potential investors should act fast.

Further incentivizing early adopters, the eTukTuk presale price will increase throughout the campaign, with the next uptick occurring in six days.

Disclaimer and Risk Warning

This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. The image used in this article is for informational purposes only and is provided to us by a third party. Coinpedia should not be held responsible for image copyright issues. Contact us if you have any issues or concerns. Readers should do their research before taking any actions related to the company.

Was this writing helpful?

No Yes

Photo of PR Manager

PR Manager

Press release about recent ICOs, announcement from startups, new cryptocurrency launch by firms and unlike.

Read More

Welcome Back!

Login to your account below

Retrieve your password

Please enter your username or email address to reset your password.

Don't miss the

NEWSLETTER

Exclusive editorial

Breaking News

Quality Company Coverage

Expert Writers