Free AI web copilot to create summaries, insights and extended knowledge, download it at here

Abstract

much higher.</p><p id="bd18"><i>If you hold GALA tokens or plan to buy them, make sure you’re up-to-date with their <a href="https://blog.gala.games/introducing-gala-v2-a-new-era-for-the-gala-games-ecosystem-e1ca2e09608b">upcoming token upgrade</a>.</i></p><h1 id="0eea">2. SuperVerse ( $SUPER) -$ 64 million market cap</h1><figure id="72ed"><img src="https://cdn-images-1.readmedium.com/v2/resize:fit:800/1*PUQdblfxPyj34ysK-vt1MA.png"><figcaption></figcaption></figure><p id="904d"><a href="https://superverse.cool/">SuperVerse</a> is an ecosystem of an NFT marketplace and gaming projects. Its native utility token SUPER is used for governance, as well as fees and purchases on the platform.</p><p id="eb75">SUPER has been ranging between 8 and 26 cents for the past year. It has recently attempted to break the $0.2 resistance multiple times but has so far failed. A clean close above opens the way up to 40 cents.</p><p id="6dbe"><i>Bear in mind that SUPER is a very high-risk, high-reward token due to its extreme volatility.</i></p><h1 id="cfd0">3. Vulcan Forged ($ PYR) - $98 million market cap</h1><figure id="a579"><img src="https://cdn-images-1.readmedium.com/v2/resize:fit:800/1*1qbhB0hrCBGHxrDce_dcMg.jpeg"><figcaption></figcaption></figure><p id="6ec0"><a href="https://vulcanforged.com/">Vulcan Forged</a> is a blockchain game studio, NFT marketplace, and dApp incubator for games.</p><p id="9364">It offers 10+ games, including its metaverse called <a href="https://vv.vulcanforged.com/">VulcanVerse</a>. The team launched its own Layer 1 metaverse-dedicated blockchain called <a href="https://twitter.com/elysium_vf">Elysium</a> which will host games and dApps.</p><p id="05a8">They will also launch a metaverse maker called MetaScapes which will act as a “metaverse as a service” platform, allowing companies to create their own virtual worlds.</p><p id="0258">The project’s native token PYR is used for marketplace fees, staking, play-to-earn rewards, and access to the dApp incubation program.</p><p id="c372">PYR has been ranging between 2.5 and 5.5 dollars since May 2022. A clear break above the 4.5 resistance could push it above the range high toward 8 dollars.</p><h1 id="b6a2">4. Render Token ($ RDNR) - $867 million market cap</h1><figure id="c09c"><img src="https://cdn-images-1.readmedium.com/v2/resize:fit:800/1*Kev_aii4E1li3hb4J_txVg.jpeg"><figcaption></figcaption></figure><p id="e4cc">The Ethereum-based <a href="https://rendertoken.com/">Render Network</a> offers decentralized rendering solutions using GPU technology. Its goal is to connect users who require GPU computing power with mining partners willing to rent out their GPU capabilities.</p><p id="5cc7">Render token (RDNT) is the network’s native utility token used as a payment currency.</p><p id="2904">RNDR has witnessed a significant rally since the beginning of the year and could be a great buy opportunity on a pullback.</p><p id="4966">It’s currently re-testing a major level at 2.2 dollars. A clear close above could easily push it to its next resi

Options

stance at 3.2.</p><h1 id="880c">5. Magic ( $MAGIC) -$ 263 million market cap</h1><figure id="2e55"><img src="https://cdn-images-1.readmedium.com/v2/resize:fit:800/1*3a95b6iSBTc6Jo5gTUl0aA.jpeg"><figcaption></figcaption></figure><p id="84c7"><a href="https://treasure.lol/">TreasureDAO</a> is a decentralized metaverse built on Arbitrum. It functions with two types of resources - NFTs called Treasures and a native token MAGIC.</p><p id="10b2">MAGIC is used for staking rewards, governance, and as the platform’s native currency.</p><p id="ecc2">MAGIC has seen a nice pullback toward its 1.1 support during the recent market dip. On the resume of the rally, it could easily revisit the $2 resistance.</p><h1 id="ae77">6. Illuvium ($ ILV) - $143 million market cap</h1><figure id="26f1"><img src="https://cdn-images-1.readmedium.com/v2/resize:fit:800/1*R3z1Vdta7i8C4SQb1Y845A.jpeg"><figcaption></figcaption></figure><p id="fb41"><a href="https://illuvium.io/">Illuvium</a> is an open-world NFT game built on Immutable X. It’s often considered the first high-budget video game on Ethereum.</p><p id="e3d9">ILV is the ecosystem’s native token and has several uses. It’s used to reward players for their in-game achievements, for participating in the governance via the Illuvium DAO, as well as for staking rewards through liquidity mining.</p><p id="413b">ILV is currently in a downtrend on the daily ILV/USDT chart. A clear daily break above the descending trendline and the 200 MA could push the price to the next major resistance just below 90 dollars.</p><h1 id="3c0f">Bottom line</h1><p id="afaf">Games have existed since the dawn of mankind and have always been an important aspect of socializing. But how we play has dramatically changed over time.</p><p id="35ae">Blockchain-based gaming platforms are leading the way into Web 3.0. By allowing players to earn real money with cryptocurrency, own and transfer their in-game assets, and participate in the platform’s management through DAOs they’re revolutionizing the gaming industry.</p><p id="f6d8">In this post, we’ve covered 6 altcoins that are ideally placed to surge when the gaming narrative takes off.</p><p id="37e5">As always, you should pay close attention to Bitcoin as this has been a Bitcoin-led rally so far and altcoins are following in its footsteps.</p><p id="1c4b"><i>PS: If you want to learn how to make a consistent profit from the Metaverse in 2023 and beyond, check out my free guide <a href="https://metaversemaster.net/free-guide/">How To Make Your First$ 1000 In The Metaverse</a>.</i></p><p id="2e5d"><i>Join Medium using <a href="https://zivafajfar.medium.com/membership">my referral link</a> and get exclusive access to more stories like this one and to a wide range of quality content from thousands of writers for just $5/month.</i></p><p id="0463">Disclaimer: This content is for educational purposes only and should not be considered as financial or any other advice. Always do your own due diligence before investing your hard-earned money.</p></article></body>

Top 6 Play-To-Earn Altcoins That Can Skyrocket Your Crypto Portfolio In The Upcoming Rally

The Metaverse had its 5 minutes of glory at the end of 2021 when Zuckerberg renamed Facebook to Meta. This was followed by a year of doom after everybody - including him - realized the immense complexity of the mission ahead.

But the Metaverse is - in whichever form - headed our way.

And although the ultimate Metaverse is much more than gaming, the first attempts at creating a digital reality world are through games.

We’ve seen this with The Sandbox and Decentraland whose native tokens exploded at the end of the last bull run.

And since the Metaverse has become a tainted word, we now prefer to call these games play-to-earn.

These play-to-earn blockchain-based games are gaining a lot of traction due to their innovative nature.

First, by creating their own economy with cryptocurrency they allow players to earn real money.

In-game items in the form of NFTs mean that users can now own their assets and transfer them between different platforms.

And finally, by adopting a DAO’s governance model, blockchain-based games are owned by the community. Holders of the platform’s native token can participate in the entire decision-making process as stakeholders.

Let’s look at the top 6 tokens that are best placed to profit from the gaming crypto narrative.

I also covered the gaming narrative and its tokens in this post.

1. Gala ($GALA) - $288 million market cap

Gala is a gaming and NFT ecosystem of blockchain-based games on the Ethereum and the BSC network.

It consists of a gaming platform (Gala Games) and an NFT marketplace (Gala Store). Users can play games, trade NFTs, as well as participate in network governance.

GALA, the native utility token of the platform, is used as in-game currency to buy and sell NFTs. GALA tokens are also used to compensate node operators for running nodes on the Gala network.

GALA is currently 20x down from its all-time high of 0.8 dollars and is sitting at 4 cents. The price has been ranging for the past 10 months.

The next major resistance is at 5 cents and the top of the range at around 7 cents. A clear break of this level could push the price much higher.

If you hold GALA tokens or plan to buy them, make sure you’re up-to-date with their upcoming token upgrade.

2. SuperVerse ($SUPER) - $64 million market cap

SuperVerse is an ecosystem of an NFT marketplace and gaming projects. Its native utility token SUPER is used for governance, as well as fees and purchases on the platform.

SUPER has been ranging between 8 and 26 cents for the past year. It has recently attempted to break the $0.2 resistance multiple times but has so far failed. A clean close above opens the way up to 40 cents.

Bear in mind that SUPER is a very high-risk, high-reward token due to its extreme volatility.

3. Vulcan Forged ($PYR) - $98 million market cap

Vulcan Forged is a blockchain game studio, NFT marketplace, and dApp incubator for games.

It offers 10+ games, including its metaverse called VulcanVerse. The team launched its own Layer 1 metaverse-dedicated blockchain called Elysium which will host games and dApps.

They will also launch a metaverse maker called MetaScapes which will act as a “metaverse as a service” platform, allowing companies to create their own virtual worlds.

The project’s native token PYR is used for marketplace fees, staking, play-to-earn rewards, and access to the dApp incubation program.

PYR has been ranging between 2.5 and 5.5 dollars since May 2022. A clear break above the 4.5 resistance could push it above the range high toward 8 dollars.

4. Render Token ($RDNR) - $867 million market cap

The Ethereum-based Render Network offers decentralized rendering solutions using GPU technology. Its goal is to connect users who require GPU computing power with mining partners willing to rent out their GPU capabilities.

Render token (RDNT) is the network’s native utility token used as a payment currency.

RNDR has witnessed a significant rally since the beginning of the year and could be a great buy opportunity on a pullback.

It’s currently re-testing a major level at 2.2 dollars. A clear close above could easily push it to its next resistance at 3.2.

5. Magic ($MAGIC) - $263 million market cap

TreasureDAO is a decentralized metaverse built on Arbitrum. It functions with two types of resources - NFTs called Treasures and a native token MAGIC.

MAGIC is used for staking rewards, governance, and as the platform’s native currency.

MAGIC has seen a nice pullback toward its 1.1 support during the recent market dip. On the resume of the rally, it could easily revisit the $2 resistance.

6. Illuvium ($ILV) - $143 million market cap

Illuvium is an open-world NFT game built on Immutable X. It’s often considered the first high-budget video game on Ethereum.

ILV is the ecosystem’s native token and has several uses. It’s used to reward players for their in-game achievements, for participating in the governance via the Illuvium DAO, as well as for staking rewards through liquidity mining.

ILV is currently in a downtrend on the daily ILV/USDT chart. A clear daily break above the descending trendline and the 200 MA could push the price to the next major resistance just below 90 dollars.

Bottom line

Games have existed since the dawn of mankind and have always been an important aspect of socializing. But how we play has dramatically changed over time.

Blockchain-based gaming platforms are leading the way into Web 3.0. By allowing players to earn real money with cryptocurrency, own and transfer their in-game assets, and participate in the platform’s management through DAOs they’re revolutionizing the gaming industry.

In this post, we’ve covered 6 altcoins that are ideally placed to surge when the gaming narrative takes off.

As always, you should pay close attention to Bitcoin as this has been a Bitcoin-led rally so far and altcoins are following in its footsteps.

PS: If you want to learn how to make a consistent profit from the Metaverse in 2023 and beyond, check out my free guide How To Make Your First $1000 In The Metaverse.

Join Medium using my referral link and get exclusive access to more stories like this one and to a wide range of quality content from thousands of writers for just $5/month.

Disclaimer: This content is for educational purposes only and should not be considered as financial or any other advice. Always do your own due diligence before investing your hard-earned money.