Bittime - The world of cryptocurrency is being enlivened by the growth of a new sector that is attracting investors' attention, namely crypto gaming. Price spikes have occurred significantly in the Avalanche ( AVAX ) and Gala Games ( GALA ) tokens.
This increase fueled investor optimism regarding the future of crypto gaming and its potential as a promising new investment trend.
Soaring Prices of AVAX and GALA
AVAX price recorded a jump of 12% in the last 24 hours. The bulls managed to break the resistance level at $30 for the first time in recent months. Analysts believe that AVAX's surge is not only influenced by the general trend of the crypto market, but is also driven by the increasingly rapid development of the Avalanche ecosystem .
Avalanche, a Layer 1 blockchain known for the many games built on its network, is back in the spotlight. Several top game studios such as Blitz, Off The Grid, and Shrapnel have built their games using Avalanche.
Check Today's Crypto Market:
| AVAX/IDR | GALA/IDR |
| BTC/IDR | ATOM/IDR |
| ETH/IDR | ARB/IDR |
Source: Shrapnel.com
Recently Avalanche announced that the famous blockchain game, MapleStory Universe, would launch on the Avalanche subnet. Subnet is a custom blockchain built on Avalanche to improve scalability and security.
This means that MapleStory Universe will leverage the benefits of Avalanche technology while having its own blockchain optimized for the game's specific needs.
Source: Maplestoryuniverse.io
Meanwhile, GALA, the native token of the Gala Games platform, also experienced an impressive price increase, namely around 15% in the last 24 hours. Gala Games is famous for various popular blockchain games such as GalaxyLand and Town Star.
The increase in GALA prices shows investor confidence in the future of the platform and games developed under the auspices of Gala Games.
AVAX Price Today
Source: Bittime
Based on today's Bittime market, the price of AVAX was observed to have increased 11.73 percent in the last 24 hours. Currently the price of AVAX to IDR is IDR 851,862.
Also Read How to Buy Crypto:
Crypto Gaming: More Than Just Entertainment
The surge in AVAX and GALA prices reflects the positive trend currently occurring in the crypto gaming sector. The play-to-earn concept, which allows players to gain financial benefits from playing games, is a major attraction for investors.
Blockchain technology allows players to own and trade digital assets earned in the game, such as items, characters, and even virtual property. This concept of digital asset ownership is increasingly popular with collectors and investors, especially among the younger generation who are familiar with the digital world.
Crypto Gaming's Bright Prospects
Crypto analysts believe that crypto gaming has huge growth potential. The gaming industry globally is worth trillions of dollars, and the integration of blockchain technology has the potential to bring a new wave of innovation and monetization into the traditional gaming ecosystem.
Additionally, the play-to-earn concept opens up opportunities for players, especially in developing countries, to earn additional income through the games they love.
Other Ecosystems Also Participate
Binance Smart Chain (BSC) and Ethereum (ETH) have also fueled the growth of crypto gaming. BSC has popular game tokens such as Axie Infinity (AXS), which became a play-to-earn phenomenon in 2021.
Meanwhile on the ETH network, there are Decentraland (MANA) and The Sandbox ( SAND ) which offer a metaverse experience based on digital asset ownership. The presence of various blockchain platforms and games on different networks indicates the rapid development of crypto gaming and its potential to continue to grow in the future.
Smart Investment is Still Necessary
Even though the crypto gaming trend looks promising, investors need to be careful and conduct in-depth fundamental research before deciding to invest. The cryptocurrency market is still relatively volatile, and the risk of loss always exists.
Additionally, not all blockchain games have a sustainable economic model. Therefore, it is important to understand the gameplay, economic model, and development team behind each blockchain game before investing in its tokens.
Check Crypto Prices Today:
Conclusion
With the surge in prices of AVAX and GALA, crypto gaming seems to have attracted serious attention from investors. The concept of play-to-earn and ownership of digital assets in games is a major attraction that has the potential to bring a new wave of investors into the cryptocurrency ecosystem. However, investors still need to be careful and carry out good analysis before jumping into the rapidly growing world of crypto gaming.
How to Buy Avalanche (AVAX) on Bittime
You can buy and sell Avalanche (AVAX) in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
Avalanche (AVAX) is available on Bittime with the market pair AVAX/IDR . To be able to buy AVAX IDR at 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 the complete guide on how to buy Avalanche (AVAX) on Bittime .
Monitor the price chart movements of Avalanche (AVAX) , Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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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.
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