Top Crypto Gaming Projects for Growth in 2024: Exploring Beyond
During crypto bull markets, money historically moves through three stages: influx into Bitcoin, then into other large-cap cryptocurrencies, and finally into mid and small-cap altcoins.
Back in 2017, Layer Ones and Ethereum competitors were the leading narratives, like Iota, EOS, Neo, and similar.
Back in 2020, DeFi or decentralized finance during DeFi summer was the leading narrative, where cryptocurrencies like Uniswap, AAVE, Synthetics, and similar popped off like crazy.
This time around, interoperability, AI and crypto gaming are the naratives that we’ve seen starting to gain ground.
With a current market capitalization of $14 billion, crypto gaming still lags behind the traditional web 2 gaming world, which is projected to reach a market capitalization of $389 billion by 2028.
The demand for gaming and advertising in the gaming industry continues to rise, making crypto gaming a lucrative investment opportunity.
So, we are going to explore some gaming coins together under one condition: that by you Take a moment to reflect on whether or not you are completely 100% okay with potentially losing every single penny you decide to throw into any crypto gauntlet, whether or not you are completely 100% okay with potentially holding loss positions over the next several weeks or months.
1. Enjin (ENJ) —
Enjin (ENJ) is a platform and ecosystem that supports a wide array of projects like gaming, metaverse, virtual reality, augmented reality, collectibles, digital fashion, and esports.
It is currently down 93% from its all-time high of $4.82 back in November of 2021. As you can see by its all-time low back in 2017, this project has been around for a while and survived a few bear markets. So, they are still working and developing their project.Enjin | ENJ
Since it’s survived a few bear markets and is still being actively developed, it has a high probability of potentially reaching previous all-time highs again, and maybe even new all-time highs. And it’s at like a 93% discount right now. So, let’s look at ENJ with the Bitcoin line charting tool. On the weekly, it just flipped into a bullish trend the week of October 30th.ENJ just entered the Buy zone
It’s still in a pretty narrow price window, but if it can break through and stay above this 50-cent price point, it will boom provided Bitcoin holds strong. Using the links below, you can access all the correct and official sites for any of the cryptocurrencies you’re interested in gambling, as well as redeem any special offers they have for us.
2. Immutable X —
Immutable X postures itself as the first Layer 2 solution for NFTs on Ethereum, where users experience zero gas fees, instant trades, and carbon-neutral NFTs for marketplaces, games, and applications.Basically, it’s a scaling solution for NFT ecosystems. And this one has actually been in the headlines this week: Assassin’s Creed maker Ubisoft is building a crypto gaming experience with Immutable.
Ubisoft and Immutable are developing a new blockchain gaming project that plans to offer digital ownership. Bullish!
And it seems to have started a nice wave of money flow into the crypto gaming sector. Right now, Immutable is sitting at $1.14 and is still down 88% from its all-time high of $9.52 back in November of 2021. Looking at the Bitcoin line chart on the weekly, it flipped bullish at the end of October and, in tandem with the bullish news this week, has already broken above some resistance levels. So, it’s more likely than not going on a tear upwards.Buy Signal on IMX
3. Illuvium (ILV) —
Illuvium is an open-world exploration Play to Earn game built on Ethereum. This is a graphically rich sci-fi adventure game with its own NFT ecosystem, featuring creatures, land, materials, and other collectibles with zero gas fees and instant transactions, thanks to integration with the previous project we covered, Immutable X.
And this one was also featured in the headlines this week: Illuvium Ethereum token surges after Epic Game Store listing. Lavish Immutable X game Illuvium is coming to the Epic Game Store, and the news fueled a spike in the Illuvium token price.Bullish for this potential gaming narrative that may take off. Right now, Illuvium is sitting at $93, and it’s down 95% from its all-time high of $911 back in November of 2021. Taking a look at the chart on the weekly, it flipped bullish at the end of October this year, and it’s been in a super narrow price range, so it’s hard to say which price point to watch it break above; maybe around the $150 or this $175 level.
4. Vulcan Forged (PYR) —
Vulcan Forged is an ecosystem featuring play-to-earn fantasy games, the ability to earn their LAVA token, and NFTs, trade on their NFT marketplace, and much more. It’s an NFT game studio and decentralized application incubator.Vulcan Forged
Right now, Vulcan Forged is sitting at around $6.50, and it’s down 87% from its all-time high of $49.2 back in December of 2021. Taking a look at the weekly, it flipped bullish mid-October of this year and has already broken through price resistance levels and is probably going on a tear.Bullish signal
5. Ultra (UOS) —
Ultra postures itself as the first entertainment platform providing a variety of gaming industry services all in one place. You can discover, buy, and play games, watch live streaming feeds, interact with players and influencers, participate in contests, compete in tournaments, and much more.Think of it as the blockchain version of Steam. Now, it’s sitting at 22 cents with a market cap of $78 million, and it’s down 91% from its all-time high of $2.49 back in November of 2021. Taking a look at the weekly, it flipped bullish the last week of October this year, and it looks like if it can break and stay above this 40-cent level, it may stay bullish and go higher.
Now I’ll throw in a sixth one.
Bonus Gaming #6: Altura (ALU)—
It’s a platform for building and scaling Web 3 games that simplifies game development and streamlines monetization through its developer-friendly tools and marketplace solutions.
Right now, Altura is at about 6 cents with a market cap of $45 million, and it is 86% down from its all-time high of 46 cents back in November 2021. Taking a look at the weekly, it flipped bullish back in July of this year. It seems to have broken through some resistance levels, so it’s more than likely on the move upwards.ALU Breaking pattern
Ready Games is a leading player in the web3 game development field, focusing on transforming popular web2 games into web3. It provides real player engagement, significant game adoption, and supports major blockchains while integrating smoothly with top game engines. With more than 100 established studios and publishers on board, including well-known games like Runestone Keeper and Zula, Ready Games exemplifies the immense potential of the crypto gaming sector. These trailblazing projects, including layer-1 and layer-2 blockchain solutions and innovative game development platforms, provide a sneak peek into the future of gaming. Keeping a close watch on these projects can offer valuable insights and opportunities as the gaming industry continues to evolve.