Bittime -The rise of gaming tokens coincides with the continued rise in Bitcoin and Ethereum prices. Bitcoin officially printed a new ATH at 72 thousand US dollars, while Ethereum again touched 4 thousand US dollars. A number of top altcoins such as Cardano (ADA), Ripple (XRP), Solana (SOL) also showed positive performance. In the midst of this bullish trend, gaming cryptos such as GALA, Floki, and Pixels also strengthened throughout the week.
Considering these various considerations, the question arises: is this the right time to buy, sell, or just HODL gamefi tokens? Let's look at the review!
GameFi Tokens That Rally This Week
Below are a number of GameFi tokens that rallied in the week:
Gala (GALA)
Source: Bittime Markets
GALA is a decentralized blockchain gaming platform operating globally with 16,000 player-operated nodes, offering a new gaming experience.
Today's GALA to IDR price based on Bittime market monitoring is IDR 1,111, down 6.48 percent in the last 24 hours.
Coinmarketcap data shows that with a trading volume of IDR 10.58 trillion in the last 24 hours and a direct market capitalization of IDR 31.92 trillion, it ranks 60th globally. Despite fluctuations during the week, Gala managed to rebound by 64.68% after a bearish period.
The surge in GALA prices was influenced by various things. Gala Games' partnerships with large companies such as Alienware and AWS add confidence because they demonstrate innovation in the gaming field. Also, the increase in trading volume to $1.741 billion indicates more market activity and interest, which is driving the price up.
In addition, the announcement of Last Expedition's new economic system using GalaChain added to the enthusiasm and ease of trading, helping to increase the price of GALA.
Check Today's Crypto Market:
FLOKI Inu (FLOKI)
Source: Bittime Markets
FLOKI Inu (FLOKI) represents a community-supported digital asset within the Floki Ecosystem, inspired by Shiba Inu (SHIB) fans and honoring Elon Musk's beloved Shiba Inu.
Today, according to Market Bittime monitoring, the price of FLOKI Inu (FLOKI) is at level 0.00026323, marking a decline of 4.57% in the last 24 hours. CoinMarketCap ranked it 51st with a market capitalization of IDR 39 trillion and a 24-hour trading volume of IDR 26.37 trillion.
Despite the fluctuations, FLOKI saw its price increase by 81.70% in a week, showing its resilience and growing popularity.
Floki's price spike was caused by the burning of 190.91 billion FLOKI tokens, which reduced the number of tokens in circulation and attracted investor interest. This strategic move, valued at over $47 million, resulted in a bullish trend.
The drop in supply, coupled with increased demand, led to sharp price increases, with gains exceeding 50% after the announcement and over 130% in weekly gains. Continuous efforts by the Floki team to increase utility and community interaction, as well as upcoming projects such as metaverse game Valhalla, increase investor confidence.
Also Read How to Buy Crypto:
Pixels (PIXEL)
Source: Bittime Markets
Pixels (PIXEL) is an exciting web3 game on the Ronin Network, offering a captivating open world experience.
Based on Bittime market monitoring on March 12 2024, the PIXEL token experienced a decline of 10.33% so that the PIXEL to IDR price was IDR 13,394. Despite experiencing a decline of more than ten percent, PIXEL's performance throughout this week was extraordinary, managing to increase by 80.59%.
This token holds the 141st position, according to CoinMarketCap , with a market capitalization of IDR 10.1 trillion and its 24-hour trading volume, which was recorded at IDR 5.1 trillion, based on Coinmarketcap data.
The recent rise in PIXEL prices is due to several important reasons. Firstly, the huge interest in the crypto market, especially after the price of Bitcoin touched a new peak of $70,000, has made investors start looking at other coins like PIXEL that have the potential for huge profits.
Then, interest shifted to altcoins and PIXEL started trading on Binance, plus growing enthusiasm for gaming-related cryptocurrencies, made more and more people interested in PIXEL.
Check Crypto Prices Today:
FLOKI, GALA, and PIXEL: Should You Buy, Sell, or HODL?
Considerations to buy, sell, or hold based on technical analysis from GALA, PIXEL, and FLOKI show various recommendations.
However, it is important to carry out further analysis and consider other factors such as market sentiment and fundamental analysis, as well as implement appropriate risk management strategies before making an investment decision.
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn Complete Guide How to Buy Crypto on Bittime .
Monitor price chart movements for Gala (GALA) , Floki Inu (FLOKI) , Pixels (PIXEL ) and other cryptos to find out today's crypto market trends in real-time on Bittime.
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
Comments
0 comments
Please sign in to leave a comment.