Again, GameFi studios are grabbing headlines in the crypto market. Amid this resurgence, dark horse cryptos have emerged as potential candidates for parabolic surges. Immutable (IMX), KangaMoon (KANG), Axie Infinity (AXS) and Gala (GALA) are among the few highlighted. One may even become the next 50x P2E crypto in 2024. Let’s find out which one.
Immutable (IMX): To Rally After Introducing New Blockchain Games
Immutable (IMX) has recently been riding a bullish wave as a dominant force in the Play-to-Earn (P2E) sector. According to CoinMarketCap data, the Immutable coin value saw growth of over 200% in the last year alone. This bullish trend looks poised to continue after the Immutable announcement that BadMad Robots would launch exclusively on its zkEVM.
Also, the Immutable coin is trading above its 50 and 100-day EMAs while boasting 22 green technical indicators. As a result, experts in the crypto field remain bullish about IMX’s future. They forecast a potential surge to $3.66 for Immutable within Q2 of 2024. This bullish Immutable news makes it one of the coins to watch.
KangaMoon (KANG): To Redefine the P2E Gaming Market
KangaMoon (KANG) also makes a name for itself in this flourishing industry. Notably, a major Tier-1 CEX, BitMart, announced that it will list this cryptocurrency soon. KangaMoon is a main attraction for global traders as its ongoing presale has raised over $6.7M and is projected to reach $7M before May 2024 ends.
KangaMoon aims to become a significant power in the P2E gaming market by launching its own P2E game soon. In this game, you will earn KANG by winning matches, tournaments, etc. With these tokens, you can buy in-game items or upgrade your characters. Therefore, you will earn crypto by playing games that can further improve your gaming experience.
But what makes KangaMoon stand out is its SocialFi aspect. To clarify, KangaMoon gives its most active community members free KANG before its official launch. As a result, over 20,000 registered users are flooding KangaMoon’s social media sites to like, share, comment and earn free KANG.
There are now nearly 10,000 KANG holders, and early buyers are experiencing a 400% ROI. It is in the Bonus Stage of its presale and one KANG costs just $0.025. However, experts remain bullish with the BitMart listing approaching soon and another Tier-1 CEX listing coming after. They foresee a potential 50x surge in Q2 of 2024 – making KANG the best crypto investment.
Axie Infinity (AXS): Good Daily Bounty Performance
Axie Infinity (AXS) is another cryptocurrency that is tied to blockchain games. According to CoinMarketCap data, the Axie Infinity coin price jumped over 5%. Axie Infinity also announced a new milestone. Notably, its daily bounty board has achieved a record of 48.3K participants in the quest to earn AXS rewards. Since its start in April, over 60K people have joined in.
This bullish Axie Infinity news could result in a major uptrend. The technical analysis for Axie Infinity also shows green. For example, 11 technical indicators are in the buy zone while it trades above its 21-day EMA. Therefore, experts predict that Axie Infintiy will reach a value of $9.86 before Q2 of 2024 ends.
Gala (GALA): A P2E Coin Trading in the Green
Gala (GALA) has recently made headlines in the crypto market. According to CoinMarketCap data, the Gala coin price increased over 40% on the YTD charts. Additionally, Gala announced the beginning of May Mayhem, which will reward many users with rewards. These events will happen all throughout May, causing traders to gravitate to this crypto.
Currently, the Gala crypto is trading above its 50—and 100-day EMAs while also boasting 16 technical indicators in the green. This bullish Gala news may raise its value. Even market analysts predict that GALA will reach a value of $0.057 within Q2 of 2024.
Immutable vs. KangaMoon vs. Axie Infinity vs. Gala – Which One Stands Out?
Out of Immutable, KangaMoon, Axie Infinity and Gala, KangaMoon has the lowest market cap of $25M. This means it may need less money to increase its value substantially. If you wish to purchase this crypto, sign up for its presale using the links below.
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