A liquidity rotation into crypto gaming has begun with Avalanche and Gala surging. This week, Avalanche is up 11.02%, while GALA is up 52.35%.
Meanwhile, the eco-friendly gaming presale eTukTuk is also pumping, swiftly approaching the $2 million total raised mark.
Following a monumental boom in AI and meme coin sectors, it seems that gaming tokens will run next as they start outpacing the market.
Bitcoin’s strong price performance is also driving excitement as traders anticipate profit rotations into other cryptos, with gaming at the forefront of beneficiaries.
Prominent commentator and trader Alex Becker published a tweet when Bitcoin was at $69K, speculating that gaming cryptos would significantly do well from the rotation.
“Bitcoin is at 69k, in a bull. Rotation into AI/game coins appears clear,” he wrote.
Layer 1 blockchain Avalanche is renowned for its gaming adoption, with several tier-one gaming studios like Blitz, Off The Grid, and Shrapnel all building on the network.
On Tuesday, Avalanche announced a prominent blockchain game, MapleStory Universe, is launching on an Avalanche subnet.
The move triggered massive excitement, pushing AVAX to highs of $50.63. Its trading volume has also drastically surged, up 225% today.
According to analyst Rekt Capital, Avalanche’s recent move presents a bull flag retest and lays the way for an uptick toward $70.
“Avalanche has successfully retested the Bull Flag top as new support to fully confirm the breakout. Trend continuation is now in progress. AVAX is soon going to eclipse its December 2023 highs. Next major resistance would be in the $65-$70 region,” he explained.
Meanwhile, Gala is also enjoying bullish momentum, up 53% this week and 197% this month.
Early Bitcoin investor Davinci Jeremie commented on Gala’s success, noting that it has outperformed other GameFi projects and could enjoy continued momentum.
“Amidst the surge of web3 gaming projects last weekend, GALA, a leading GameFi platform, stands out as a significant winner! As more capital continues to flow toward gaming, we might witness even more impressive gains,” he speculated.
Also anticipating further gains, analyst BitLuxe believes Gala could increase by 10x-20x.
However, renowned trader Crypto God John suggests that projects that merge AI and gaming could outperform.
One crypto succeeding in this realm is eTukTuk, a new presale merging several hot topics into one high-octane environment.
eTukTuk is a revolutionary cryptocurrency presale building a decentralized infrastructure of electric tuk-tuk vehicles and charging stations in developing nations worldwide.
The project is bolstered by AI capabilities, which are used to ensure the longevity and efficiency of its physical infrastructure.
Yet, the project is not only tackling pressing global issues. It also addresses the vast blockchain gaming market with its flagship P2E game.
The game is inspired by the iconic 1990s Crazy Taxi, retrofitting the archaic original with revolutionary technology, revenue share, and a compelling narrative.
eTukTuk’s rendition invites players to pick up and drop customers off around Sri Lanka, the first nation where the project will deploy its electric vehicle fleet.
The platform’s native $TUK token will transfer value within the game and through the broader eTukTuk ecosystem. This adds inherent utility, enabling its price to rise steadily alongside its protocol’s success.
Staking is also available, encouraging users to lock up their tokens and minimize sell pressure. Currently, staking provides a 126% APY. However, this will decrease as more tokens are staked, so potential investors should act fast.
Further incentivizing early adopters, the eTukTuk presale price will increase throughout the campaign, with the next uptick occurring in six days.
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