Will “enthusiasm” come back for gaming tokens this bull run?
Bitcoin has reached several new all-time highs since Donald Trump was reelected president of the United States, and crypto analysts are now predicting a $100,000 Bitcoin price sooner rather than later.
With a massive bull run possibly underway, how will gaming tokens fare this time?
Gaming execs say that despite some underwhelming token launches earlier this year, studios are starting to find a better balance between token launches and game development.
Delabs Games head of strategy Quinn Kwon tells Web3 Gamer that Web3 adventure game Pixels “has done a commendable job balancing and managing Web3 elements, like tokens and NFTs.” Pixel’s native token, PIXEL, is up 32% over the last seven days at the time of publication, according to CoinMarketCap data.
“It offered a smooth onboarding flow, which is crucial for Web3, and its genre suits the platform well,” Kwon says, adding that she enjoys playing the game as well.
Pixels is an adventure game where one can farm, explore, own land and flex NFTs within the community. It’s so laid-back that popular Web3 content creator Cloudwhite recently chose to marry his partner in the Pixels ecosystem.
Pixels regularly creates humorous posts for its 322,000 X followers. (X/Pixels)
But picking the winning crypto gaming tokens might be tougher than it seems in this bull market.
Speaking to Web3 content creator Sanjay on Nov. 11, crypto analyst Ran Neuner found it difficult to determine his top three gaming tokens because “none of them have actually matured yet into anything that is significant.”
However, Neuner revealed he is a “big holder” of Immutable’s IMX token and BEAM.
At the time of publication, IMX is up 20% over the past seven days, while BEAM has jumped 31%, following Trump’s victory and a broader rally in the crypto market.
Kwon says that while 2024 had a…
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