NAKA Token Price Predicted to Rise, Here's What Crypto Analysts Say

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Bittime - NAKA is the native token of Nakamoto Games, a gaming platform that offers a variety of exciting and profitable crypto games. The token has great potential to grow amid the rising gaming and GameFi trends. A well-known crypto analyst, Alex RTB, gives his analysis of NAKA in a video.

NAKA is the token used to play, transact, and manage the Nakamoto Games platform, which is a robust Web3 gaming ecosystem. The platform provides a variety of games that are based on skill, strategy, and in-depth gaming knowledge, not luck. All games offered are play-to-earn, which means players can utilize their gaming skills and knowledge to earn rewards.

NAKA Predictions According to Crypto Analysts

In a video uploaded on YouTube, Alex RTB, a well-known crypto trader and analyst, shared his insights on the potential of the NAKA token in the current market. He discusses both the fundamental and technical aspects of the Nakamoto Games project, and explains why it is an exciting opportunity for investors and gamers.

From the technical side, Alex points out that the daily chart of NAKA shows a positive shift in the market structure, with seller liquidity resolved. He also highlighted that there is no balanced peak above the current price, which is considered a bullish sign. He said that if NAKA can break through the weekly resistance at $2.37 ($37,133.70), then there is no strong resistance area up to $5.74 ($89,931.90), which means there is a potential profit of 20% in the short term.

On the fundamental side, Alex highlighted the huge hype in the gaming industry and the rising popularity of GameFi, namely the merger between gaming and decentralized finance (DeFi). He said that with NAKA still having a market capitalization of around $150 million (Rp 2.35 trillion), there is still enough room for growth. He also praised the involved and large community of the project, as well as the regular updates made by the development team.

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Alex also shared some recent updates from Nakamoto Games such as a mobile app upgrade featuring new features to increase player engagement, such as leaderboards, chat, and notifications. Strategic system analyst initiatives that smooth gameplay and improve the quality of games offered. There's also UX/UI development support for NAKAVERSE 2.0, an updated version of the open world co-created by the Nakamoto Games community, which will offer innovative gameplay, economies, tokens, and roadmaps.

Concluding his analysis, Alex encourages readers to express their preference for future coverage, inviting comments on which projects to review next. He also reminded to always do your own research before investing in the crypto market.

Conclusion

NAKA is the native token of Nakamoto Games, a gaming platform that offers a variety of exciting and profitable crypto games. The token has great potential to grow amid the rising gaming and GameFi trends. A well-known crypto analyst, Alex RTB, gives his analysis of NAKA in a video, discusses both the fundamental and technical aspects of the project, and explains why it is an exciting opportunity for investors and gamers.

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DISCLAIMER: This article is informational in nature and does not constitute an offer or solicitation to sell and buy any crypto asset. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices may change significantly from time to time and Bittime is not responsible for fluctuations in crypto asset exchange rates.