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100% Gains In A Month: Here is Why Web3 Gaming Tokens are exploding

09 November 2023 13:10, UTC

Web3 gaming goes beyond mere entertainment, reshaping how players interact with virtual worlds and rewarding them with crypto assets. Some of these crypto assets, or Web3 gaming tokens have experienced gains of up to 100% in just a few months. Let’s explore the best Web3 gaming tokens poised for explosive growth.

Immutable X (IMX) up 28.73%

IMX has demonstrated impressive resilience in recent months and is currently trading at $0.87 with 24hrs trading volume of $57,345,193. Notably, the token has experienced a notable 4.8% increase in the past 24 hours. ImmutableX has over $1 billion market cap and a circulating supply of 1,251,798,947 IMX out of a total supply of 2,000,000,000.

Built for the Ethereum blockchain, Immutable X is a Layer-2 scaling solution and operates through its ERC-20 tokens. Following the project’s latest partnership with Amazon Web Services (AWS), the IMX surged by 32.08% from $0.53 on October 11 to $0.850 by November. Anticipating further collaborations, bullish experts predict IMX to potentially reach $0.90.

Vulcan Forged (PYR) up 120%

PYR has experienced a remarkable 120% surge over the past 30 days. Currently priced at $6.36, with a 24-hour trading volume of $4.11 million, Vulcan Forged PYR has experienced an 6.89% change in the past 24 hours.

As a result, several crypto analysts believe that it is the right time to stock up on PYR. For example, a crypto investor and trader on Twitter (X) predicts potential targets for PYR, ranging from $7.7 to $8.1. Meanwhile, another analyst has estimated that PYR should be able to reach $6.72.

The token is already listed on some of the world’s top exchanges, such as Binance, Coinbase, KuCoin, Bittrex, and others. With its recent listing on South Korea’s cryptocurrency exchange, Bithumb, PYR is gaining significant traction in the Asian cryptocurrency market.

With cross-chain compatibility and over 200,000 active users, Vulcan Forged introduces a play-to-earn (P2E) model. Vulcan Studios, a Web3 gaming studio within the Vulcan Forged ecosystem, develops and publishes more than 10 exciting games, such as VulcanVerse, Berserk, Rekt City, and more. Additionally, the platform is introducing its first-ever Oculus VR NFT Game, Tartarus. This pioneering integration of NFTs and virtual reality makes Tartarus the FIRST-EVER Oculus VR NFT Game.

With these innovative developments, Vulcan Forged offers an exciting prospect for investors and enthusiasts.

Axie Infinity (AXS) up 9.71%

Axie Infinity’s native token AXS has taken a huge hit in its price. With over $8.3 million USD market cap and a circulating supply of 142,204,954 AXS out of a total supply of 270,000,000, AXS is currently trading at $6.00.With a market capitalization of $854 million and a trading volume of $53 million, AXS has exhibited remarkable growth potential.

The Bottom Line

In the evolving web3 gaming industry, Ed Chang, head of gaming at Ava Labs believes the web3 industry is still young, but he’s hopeful that there’s space for web3 elements to be complementary to the gaming experience and add value. With projects like Vulcan Forged (PYR), Gala Games, and Decentraland demonstrating robust growth potential, the web3 gaming token future appears promising, backed by unique features and strong community support.