Gaming cryptocurrencies were once the big thing in the crypto space. However, the memecoin rush relegated them to the back space. They may make a comeback in the coming days.
Assets like MANA and APE will look to reclaim their spot in the top 100s. Decentraland, which boasts a market cap exceeding $994 million, has not seen much increase in 2024. It peaked at $0.76 during the first quarter and retested the mark earlier in December—the token trades at its opening price, indicating no notable change on the YTD scale.
Apecoin was the buzzword in January but is seeing less interest at the time of writing. It enjoyed massive increases during the first half of the year, surging to a high of $2.42. However, it lost momentum and now trades almost 50% lower than its peak. Thus, it may close 2024 with no notable price improvement.
The gaming section of the crypto market may see fresh investments as altseason draws close. The market, which boasts over $25 billion in market cap, may surge higher and hit new highs.
Top Five Gaming Cryptocurrencies
Immutable (IMX)
A poll revealed that immutable investors are optimistic about the next price action. However, due to growing bearish sentiment, the asset struggles to continue its uptrend. Although not significantly down, the downtrend may erase its previous gains if it persists.
The currently largest gaming token struggles on the 12-month scale. It opened 2024 at $2.12 and peaked at $3.76 during the first quarter. A few months later, it lost the $1 mark, hitting a low of $0.90 as it succumbed to massive selling pressure.
IMX is yet to recover from the descent. Currently trading at $1.41, the token is down by over 33%. Recovery may almost be impossible as the year draws to a close. However, beliefs of the altseason starting in the first quarter of 2025 fuel more optimism about the next price actions.
Indicators on the one-day chart support this claim. The 200-day moving average intercepted the 50-day MA from below, indicating a golden cross. Such an event is seen as a bullish sign, suggesting further increases in the asset.
Immutable trades between bollinger middle and lower band. Its current price suggests that it bounced off the lower SMA a few days ago but struggles to return to its previous highs. Currently trading below the 50-day MA, it will flip the mark and test the midline at $1.60. The upper SMA at $2 indicates an impending ascension to the mark.
Based on its performance in 2024, it may see some of its biggest surges during the first quarter of 2025.
Floki Inu
FLOKI attained a new all-time high seven months ago, hitting a high of $0.00032 during the second quarter of 2024. It continued the uptrend from the previous quarter after a significant decline. It experienced another round of substantial declines after the ATH.
The fourth quarter brought more relief as the asset surged. It peaked at $0.00025 in November but failed to continue the upward trend. It is down by 22% on the monthly scale but registered massive gains in the one-year timeframe. Currently up by 400% in 2024, it will look to continue the trend.
As with its action this year, it may see a significant hike during the first half. The asset had a golden cross in November and has remained bullish in the long term amidst current declines. The 50-day MA continues upward, and the price may follow.
Floki Inu slipped below the bollinger bands on December 20 but rebounded. The token may look to trade as high as the upper SMA at $0.00026 in the coming days and push for a new ATH.
The Sandbox
The Sandbox is one of the gaming cryptocurrencies that experienced massive volatility in 2024. It has experienced the same trend as most gaming cryptocurrencies, seeing massive surges but failing to hold on to notable levels.
Opening 2024 at $0.59,, it surged to a high of $0.78 during the first half of the year. However, it saw massive downtrends afterward, resulting in its retracement to $0.23. It rebounded and attempted to reclaim the $1 mark but failed, facing strong rejections at $0.94.
At the time of writing, the asset is experiencing notable declines. It is slightly down, trading a little below its opening price. Nonetheless, indicators in the one-day timeframe reveal several bullish signals. The Bollinger band hints at a possible surge to $0.65 after it slipped below the lower band a few days ago. It may break above $0.80 during the first half of 2025.
With altseason on the horizon, the bulls may propel the asset to reclaim the $1 mark.
Beam
BEAM’s first year did not go as many expected. Nonetheless, it attained an all-time high of $0.044 in February. The surge was buoyed by new listings on centralized exchanges like Kraken and PYTH. However, it retraced after attaining the mark.
It dropped to a low of $0.011 but rebounded in November. During this period, it experienced a significant uptrend, which saw it edge closer to its ATH. However, it failed to flip the mark, as it experienced a substantial change in trajectory during the second half of December.
The downtrend is ongoing, and the asset is trading at $0.28. Nonetheless, the moving average convergence divergence prints positive signals at the time of writing. The 12-day EMA halted its descent and may start a bullish convergence.
The bollinger bands hint at a possible climb to $0.032. It may continue upward, testing the upper SMA at $0.039.
Gala
Like many gaming cryptocurrencies, Gala broke its two-year high earlier in 2024. It surged to a high of $0.087 but lost momentum. It retraced to a low of $0.013 but trades at $0.036, 18% higher than it started the year.
GALA is on the verge of another breakout. It may see a large increase in the first half of 2025, similar to its action this year. Despite recent dips, the asset has maintained its long-term bullish stance following its golden cross in November. The price may follow the 50-day MA’s upward trajectory.
On December 20, Gala fell below the Bollinger bands but rose again. In the coming days, the token may test midline at $0.041. A further uptrend may send it as high as $0.054. At the time of writing, MACD prints positive signals. The 12-day EMA halted its descent and may start a bullish convergence.
