Token

Rally

Shard

Axie Infinity

The post <a href="https://coinpedia.org/price-analysis/these-two-top-gaming-tokens-hint-at-10x-growth-this-bull-run/" rel="noopener noreferrer nofollow">These Two Top Gaming Tokens Hint at 10x Growth This Bull Run!</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
As the bull run continues, the altcoins present entry spots at massive discounts from their all-time high levels. To capitalize on this moment, we bring two top gaming tokens trading at a discount of more than 90% from their ATH.
As these coins rank among the top 5 in the gaming sector on Coinmarketcap, the industry standard and their credibility are among the best.&nbsp;
So, let’s have a look at the technical price charts of these gaming tokens to find out if they can give 10x growth in this bull run.&nbsp;
<h2 class="wp-block-heading" id="h-the-reversal-story-of-a-top-gaming-token">The Reversal Story Of A Top Gaming Token</h2>
Axie Infinity is a player-owned, blockchain-based game focused on trade and battle. It enables players to earn tokens through gameplay, including breeding, raising, and trading digital pets known as Axies.&nbsp;
Axie Infinity Shard (AXS) works as the key element of the Axie Infinity game. It enables players to purchase, trade, and earn tokens while gaming. Additionally, AXS acts as a governance token, giving holders the power to vote on changes to the game and influence the platform’s development.
With the AXS price trading at a discount of 94% from its all-time high of $165, it stands as one of the top potential coins to make a comeback this time. As of now, it trades at $9.40 and prepares for a rounding bottom breakout.&nbsp;
<figure class="wp-block-image size-large"><img decoding="async" width="1024" height="481" src="https://image.coinpedia.org/wp-content/uploads/2024/03/01143301/image-4-1024x481.png" alt="" class="wp-image-274299" srcset="https://image.coinpedia.org/wp-content/uploads/2024/03/01143301/image-4-1024x481.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/03/01143301/image-4-300x141.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/03/01143301/image-4-768x360.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/03/01143301/image-4-1536x721.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/03/01143301/image-4-150x70.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/03/01143301/image-4.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
Source: <a href="https://www.tradingview.com/x/rGnXUlZ1/" rel="noopener noreferrer nofollow">TradingView</a>
Trading at a high of 125% from the 52W low of $4.08, the reversal rally is already gaining momentum in Axie Infinity. With most players, around 40% coming from the Philippines, around 180,000 players have played Axie games over the last 30 days.&nbsp;
As per the long-term analysis, the AXS token shows the potential to reach its all-time in 2024. In the short term, this top gaming token could give a rounding bottom breakout that can fuel a rally to $15.
<h2 class="wp-block-heading" id="h-sandbox-preps-marvelous-rally-this-year">SandBox Preps Marvelous Rally This Year</h2>
SAND is the in-game currency of The Sandbox, functioning as an ERC-20 token. This allows holders to store it securely and earn rewards while gaming. As a utility token, SAND is crucial for conducting transactions within the platform.&nbsp;
It also serves as a governance token, enabling holders to participate in decision-making through the DAO. With SAND, users can buy virtual land, interact with NFTs, and gain special privileges.
Preparing for a massive jump, the SAND price jumps 122% from its 52W low of $0.27. As the bull run continues, this one of the top gaming tokens crosses the $0.50 psychological mark and trades at $0.61.&nbsp;
<figure class="wp-block-image size-large"><img decoding="async" width="1024" height="481" src="https://image.coinpedia.org/wp-content/uploads/2024/03/01143306/image-5-1024x481.png" alt="" class="wp-image-274300" srcset="https://image.coinpedia.org/wp-content/uploads/2024/03/01143306/image-5-1024x481.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/03/01143306/image-5-300x141.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/03/01143306/image-5-768x360.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/03/01143306/image-5-1536x721.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/03/01143306/image-5-150x70.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/03/01143306/image-5.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
Source: <a href="https://www.tradingview.com/x/4FTfGHTS/" rel="noopener noreferrer nofollow">TradingView</a>
With a market cap of $1.38 billion, Sandbox is making waves in the gaming sector and finding additional demand in the recovering market. Further, the rounding bottom reversal teasing the 61.80% Fib level breakout aims to prolong the uptrend.
With the SAND price at a discount of 92% from its all-time high of $8.44, it is an undervalued opportunity. Further, the underlying potential projects a possible bull run to $10. However, in the short term, the breakout rally can create a new peak above $1.

These Two Top Gaming Tokens Hint at 10x Growth This Bull Run!

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