Ronin

Axie Infinity

Bware

Gala

MultiversX

<img src="https://cdn.thebittimes.com/images/2024/05/11/1715390408.webp" width="800" height="449" alt="">
Often undervalued, the crypto gaming market harbors promising tokens with high potential growth. Despite the current market dip, several gaming tokens are gaining notable interest from crypto whales.
Alongside KangaMoon (KANG), MultiversX (EGLD), Ronin (RON), Gala (GALA), and Axie Infinity (AXS) are gearing up for positive momentum in the coming week. These noteworthy contenders are making headlines with their high growth potential and remarkable partnerships. Analyzing crypto whale’s activities, we can examine how the above GameFi tokens will fare in the next bull cycle.
<h2 dir="ltr" id="span-kangamoon-presale-raises-over-6m-in-revenue-funding-could-it-reach-9m-span">KangaMoon Presale Raises Over $6M in Revenue Funding, Could It Reach $9M?</h2>
The first gaming token on crypto whales’ radar is KangaMoon (KANG). With its P2E gaming concept and community-driven approach, the GameFi token has drawn attention in the crypto market, sparking speculation about the next 100x gaming token of 2024. Remarkably, KangaMoon has already raised over $6.5 million in revenue funding, with a target of $8 million by the end of May.
Recently, the P2E gaming platform announced its partnership with RaidSharksBot, which intends to boost community engagement and ignite excitement in the ecosystem. The move has attracted more attention in the gaming ecosystem, with the KANG token amassing over 6000 holders and over 20000 registered members.
Strategically set to enter the P2E gaming industry, KangaMoon will open up this market for its investors, which would propel its popularity and value. Moreover, KangaMoon is gearing up for a potential Tier-1 CEX listing, which analysts predict would pump KANG’s price to $0.5. With this view, various crypto whales closely monitor the KangaMoon presale and accumulate KANG.
Attractively priced at $0.025 in its stage five presale, the KANG token has already recorded over 400% ROI in price value. Analysts have predicted that the price of KangaMoon will grow exponentially by 100x by the end of 2024. Thus, it is among the best gaming tokens to invest in now.
<h2 dir="ltr" id="span-multiversx-price-span-span-could-spike-by-221-68-in-may-span">MultiversX Price Could Spike by 221.68% in May</h2>
Another gaming token making headlines in the crypto market is the MultiversX crypto. Recently, the MultiversX coin has collaborated with Bware Labs to create a grant program to assist start-ups. These start-ups will leverage the MultiversX network and Bware Labs’ Blast API infrastructure to build their projects.
Amid these developments, MultiversX price has witnessed significant outflows, declining by over 13% in the last seven days, according to<a href="https://coinmarketcap.com/currencies/multiversx-egld/#Chart" target="_blank" rel="noopener noreferrer nofollow"> CoinMarketCap data</a>. The recent downtrend is attributed to the current market dip. In any case, MultiversX has experienced increased on-chain activities with large investors shifting their positions.
While MultiversX technical analysis indicates selling pressures, its price is still trading at 100 and 200-day EMAs, indicating an upcoming bull run. Additionally, the recent whale activities on the network could signal an upcoming MultiversX price upswing. With this view, several experts have made bullish predictions,<a href="https://coincodex.com/crypto/elrond-egold/price-prediction/" target="_blank" rel="noopener noreferrer nofollow"> projecting</a> that the MultiversX price could reach $115.81 in May 2024.
<h2 dir="ltr" id="span-axie-infinity-holders-in-loss-positions-will-it-trigger-further-downturns-span">Axie Infinity Holders in Loss Positions—Will It Trigger Further Downturns?</h2>
According to the market intelligence platform,<a href="https://twitter.com/intotheblock/status/1785332101174235606" target="_blank" rel="noopener noreferrer nofollow"> IntoTheBlock</a>, Axie Infinity coin is among ten cryptocurrencies with most HODLers sitting in losses. Algorand, Arbitrum, Sandbox, and Axie Infinity lead the charts, recording above 80% of their holders in a loss position.
Amid these bearish Axie Infinity news, AXS can be an excellent opportunity for its investors as long as it shows positive momentum and a heightened increase in its on-chain activity and growth. Looking at Axie Infinity's technical analysis, the price of Axie Infinity is gearing up for an upcoming bull run, with most indicators signaling green.
Moreover, the Axie Infinity price trades above the 100 and 200-day EMAs. Currently, the price of Axie Infinity has recorded a 0.55% bounce on its intra-day to trade at $6.66, according to<a href="https://coinmarketcap.com/currencies/axie-infinity/#Chart" target="_blank" rel="noopener noreferrer nofollow"> CoinMarketCap data</a>. With this view, various crypto analysts are still optimistic about the Axie Infinity price, suggesting that its value would climb above $22.28 in May 2024.
<h2 dir="ltr" id="span-apeiron-open-beta-to-airdrop-on-ronin-network-will-it-trigger-an-upswing-span">Apeiron Open Beta to Airdrop on Ronin Network—Will It Trigger an Upswing?</h2>
In an exciting development, Ronin Crypto is airdropping a new game, Apeiron Beta. This game merges various genres to create a refreshing gaming experience. The game is more than just token-fueled hype; it offers a distinct feel, an innate competitive nature, and strategic challenges.
Moreover, another Play-to-Earn game, Puffverse plans to join the Ronin network and launch a party game token. Amid all these bullish Ronin news, the price of Ronin still struggles to uptrend. Over the last week, according to <a href="https://coinmarketcap.com/currencies/ronin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap data</a>, Ronin's price has fluctuated between $3.29 and $2.48, recording a staggering over 24% downturn to be among the top losers of the week.
The recent downtrend in the price of Ronin is attributed to the broader bearish market. In any case, its technical indicators signal a neutral stance with bullish upcoming trends. Many experts hint at the price of Ronin reaching $6.16 by the end of 2024.
<h2 dir="ltr" id="span-gala-crypto-span-span-trading-volume-surges-by-17-54-will-it-trigger-a-rally-span">Gala Crypto Trading Volume Surges by 17.54%—Will It Trigger a Rally?</h2>
Gala Crypto has been redefining the crypto gaming industry with its distinctive system, which gives players actual ownership of their in-game assets. Recently, Gala partnered with a well-known gaming company, intensifying market activities on the ecosystem.
With excellent prospects and developments in the ecosystem, the price of Gala has been making significant outflows in the past few days. Over the past week, the price of Gala had a sharp fall of about 16% to trade at $0.039, according to<a href="https://coinmarketcap.com/currencies/gala/#Chart" target="_blank" rel="noopener noreferrer nofollow"> CoinMarketCap data</a>. Despite the current bearish sentiments, there has been an increased market activity on the Gala network.
Gala Crypto has witnessed a staggering 17.45% increase in its trading volume. Moreover, the Gala coin is trading above its 50—and 100-day EMAs. With heightened on-chain market activities, Gala coin may be gearing up for upcoming price movements. Many analysts are optimistic about Gala Crypto, projecting it could reach $0.15 by 2024.
<h2 dir="ltr" id="span-conclusion-span">Conclusion</h2>
While all the above gaming tokens are on the crypto whale’s radar, KangaMoon stands out. Notably, KangaMoon has a small market capitalization, meaning it only requires a few funds to trigger an increase in value. Ultimately, the KANG token might record astronomical growth faster than the rest, leading the gaming token pack as the best GameFi token to invest in 2024.
Discover the exciting opportunities of the KangaMoon (KANG) presale today!
Website: <a href="https://kangamoon.com/" target="_blank" rel="noopener noreferrer nofollow">https://kangamoon.com/</a>
Join the KangaMoon community: <a href="https://t.me/kangamoonofficial" target="_blank" rel="noopener noreferrer nofollow">https://t.me/kangamoonofficial</a>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/crypto-whale-watch-top-5-gaming-tokens-on-whales-radar-are-they-worth-buying-tbt88031.html">https://thebittimes.com/crypto-whale-watch-top-5-gaming-tokens-on-whales-radar-are-they-worth-buying-tbt88031.html</a>

Crypto Whale Watch: Top 5 Gaming Tokens on Whales Radar—Are They Worth Buying?

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