Rally

The Sandbox

Bitcoin

Axie Infinity

Billion

Crypto Price Analysis: The <a href="https://coingape.com/crypto-headlines-week-bitcoin-shiba-inu-worldcoin-spark-optimism/">cryptocurrency market</a> witnessed a renewed buying interest this week as the leading digital asset Bitcoin entered price discovery mode. On Friday, the BTC price hit the much-awaited psychological level of $70000, which is the current all-time high. 
Amid this recovery trend, the GameFi tokens emerged as outperforming sectors, projecting double-digital gains in assets like GALA, AXS, SAND, MANA, and RON on the Weekend. By the press time, the Top Gaming tokens by market capitalization stood at $37 Billion with an intraday gain of 7.2%, while the trading volume hit $9.2 Billion to witness a 47% jump. 
Also Read: <a href="https://coingape.com/bitcoin-btc-bulls-and-bears-in-tight-fight-altcoins-to-lead-next-rally/">Bitcoin (BTC) Bulls and Bears In Tight Fight, Altcoins to Lead Next Rally?</a> 
<h2 id="b-1-gala-games-gala-b">1)Gala Games (GALA)</h2> 
<figure style="width: 100%" class="wp-caption alignnone">
 <a href="https://coingape.com/education/what-is-gala/"><img decoding="async" src="https://s3.tradingview.com/snapshots/x/Xle8N6LB.png" alt="BINANCE:GALAUSDT Chart " width="1946" height="937"></a>
 <figcaption class="wp-caption-text">
 Gala Games (GALA)| Tradingview
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<a href="https://coingape.com/education/what-is-gala/">Gala Games (GALA)</a> is a blockchain gaming platform that aims to revolutionize the user gaming experience using web-3 technology. By creating a decentralized gaming ecosystem, the platform provides its users better control over their in-game adventures. These players can earn cryptocurrencies, participate in the governance of game development, and gain rewards as non-fungible tokens (NFTs). 
Looking at the recent GALA price chart, a parabolic growth from $0.02 in early February has uplifted the token value by 243% to currently trade at $0.07. The recovery has propelled GALA’s market cap to $2.06 Billion, while the 24-hours trading volume stands at $1.21. 
With the increasing trading volume stating sustained recovery, the GALA price is posed to break the overhead resistance of $0.072. This breakout will bolster buyers to chase potential resistance at $0.091, followed by $0.112. 
Also Read: <a href="https://coingape.com/markets/crypto-price-prediction-gamefi-tokens-investors-eye-sand-mana-gala/">Crypto Price Prediction As GameFi Tokens Go Ballistic: Tech Savvy Investors Eye SAND, MANA, GALA</a> 
<h2 id="strong-2-axie-infinity-axs-strong">2) Axie Infinity (AXS)</h2> 
<figure style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" src="https://s3.tradingview.com/snapshots/m/m6hENUkD.png" alt="BINANCE:AXSUSDT Chart " width="1946" height="937">
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 Axie Infinity (AXS)| Tradingview
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Axie Infinity (AXS) is a pioneer Web 3 gaming platform, introducing the play-to-earn model to the mainstream. The blockchain supports trading and battling games that allow players to earn cryptocurrency rewards for gameplay achievements and contributions to the ecosystem. Axie Infinity offers a vibrant ecosystem where players can gather, breed, nurture, compete, and exchange token-based beings called Axies. 
AXS, the native token of the Axie Infinity platform, has showcased steady and gradual growth since October 2023, under the influence of a rounding bottom pattern. Within five months, the token value surged from $4 to $ 12.87, registering a 220% rally, while the current market cap stands at $1.78. 
A notable green candle with a 4% intraday surge accompanied by $625 million trading volume accentuates the bullish sentiment intact. With sustained buying, the <a href="https://coingape.com/price/axie-infinity/">Axie Infinity price</a> aims to breach the pattern’s neckline resistance of $13.9 and chase the $23.5 potential target. 
<h2 id="b-3-sandbox-sand-b">3)Sandbox (SAND)</h2> 
<figure style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" src="https://s3.tradingview.com/snapshots/7/7OjeWVbo.png" alt="BINANCE:SANDUSDT Chart " width="1946" height="937">
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 Sandbox (SAND)| Tradingview
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The <a href="https://coingape.com/glossary/sandbox/">Sandbox (SAND)</a> is a decentralized virtual world that leverages blockchain technology to empower users to create, build, buy, and sell digital assets in the form of a game. By combining the powers of DAOs and NFTs, it creates a collaborative and immersive platform where players can gain ownership of in-game items and land through the SAND token.&nbsp; 
An analysis of the daily time frame chart shows the <a href="https://coingape.com/cardano-expands-ecosystem-with-midnight-what-will-it-offer/">SAND</a> price breached the neckline resistance of the inverted head and shoulder pattern on March 1st. The post-breakout rally surged the altcoin 25.6% to current trading at $0.79, and a monthly gain of 76%. 
The current market cap of Sandbox(SAND) stands at $1.75 Billion, while the 24-hour trading volume is wavering at $624 Million. If the pattern holds true, the <a href="https://coingape.com/price/the-sandbox/">Sandbox price</a> rally should chase a theoretical target of $1.03, while facing an in-between target of $0.94. 
<h2 id="span-style-font-weight-400-takeaway-span">Takeaway</h2> 
The resurgence in the cryptocurrency market, particularly with Bitcoin reaching a new all-time high of $70,000, has sparked a notable recovery trend across the board. Significantly, GameFi tokens have witnessed massive inflow over the weekend, providing new entry opportunities to potential traders. 
The post <a href="https://coingape.com/markets/crypto-weekend-gamefi-tokens-gala-axs-sand-price-analysis/">Crypto Weekend Rally Led by GameFi Tokens; GALA, AXS, SAND Price Analysis</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Crypto Weekend Rally Led by GameFi Tokens; GALA, AXS, SAND Price Analysis

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