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The GameFi sector is looking for a breakthrough.
With Bitcoin prices recovering rapidly, altcoin strength is on the horizon. Experts believe that GameFi, along with meme coins and AI tokens, could be the best performing sectors in the coming months.
Popular gaming cryptocurrency Saga is one of the cryptocurrencies that investors are eyeing for a potential breakthrough. Since bottoming last week, it has gained nearly 47% despite bearish market expectations.
Meanwhile, experts are also bullish on the new P2E token PlayDoge (PLAY), which has already raised over $5.5 million in its ICO and experts believe it has high upside potential after its launch.
How high can the price of Saga go?
Saga is a Web3 platform designed for developers, providing an integrated stack that facilitates the creation of scalable and interoperable blockchain applications. Saga allows for the automatic deployment of “Chainlets”, dedicated chains that leverage Layer-1 protocols to ensure infinite horizontal scalability.
The project claims to have built an infrastructure that aims to overcome the limitations of existing monolithic blockchains, such as high gas fees and congestion, and to provide a streamlined and efficient development environment for decentralized applications.
However, the Saga price has faced significant volatility since its launch, hitting an all-time low on July 5th.
Nevertheless, smart money traders are still bullish on the project. Crypto Hunter, a popular trader with nearly 30,000 followers, claims that he really likes $SAGA in the second half of 2024. He emphasizes that if the gaming cryptocurrency manages to overcome the $1.50 and $2.0 resistance levels, it could soon head towards a new all-time high.
I still really like it $Saga The latter half of this cycle saw the top % gainers on Binance today and I think it could go up to around $1.50 to $2.00, but if it shows a healthy uptrend I think it could go up significantly.
FA looks very powerful, just need to align the charts. pic.twitter.com/lCHZvphH2j— Crypto Hunter (@CryptoxHunter) July 7, 2024
In fact, the $2 price level remains the most important resistance level for the SAGA coin.
Some experts believe that $8 could also be an achievable target price for the token if the bulls succeed in overturning this level.
If the $Saga Then it can go up from the resistance line in the daily candle. $Saga From here to the moon 🚀🚀✍️ pic.twitter.com/uG4dXaFfd3
—TOP GAINER OF THE DAY (@RoccobullboTTom) July 8, 2024
SAGA has already risen nearly 47% from its lows and is currently trading at $1.30, with a market cap of over $26 million. It also has an impressive daily volume of $62 million.
As mentioned earlier, the GameFi sector is one to watch in the altcoin bull market, especially after the success of Notcoin and Hamster Kombat. Therefore, the renewed optimism surrounding the SAGA token is justified.
Could PlayDoge be the next GameFi token to explode in growth?
PlayDoge is another new gaming cryptocurrency that experts are bullish on, with some analysts already hinting at the potential for 100x returns after launch.
In fact, PLAY has seen impressive initial demand, having raised over $5.5 million in its ICO.
PlayDoge's play-to-un gameplay combines the iconic Doge character with the nostalgia surrounding Tamagotchi.
Players will own a Tamagotchi-like virtual pet called a Doge, but instead of a pocket toy, they will own it via their smartphone. They will need to train, feed, and play with their pets, or risk penalties. If left unattended, the pets will run away to other homes or even die.
More importantly, players can complete a series of classic adventures. Not only can they earn bonus PLAY tokens, but they can also earn experience points and the gamers who earn the most points will get additional rewards.
Even non-gamers can earn significant passive income through PlayDoge’s staking program.
In fact, the PLAY Staking Pool offers staking rewards on both the BNB Smart Chain and Ethereum. Investors can track the latest reward rates through PlayDoge’s staking dashboard.
Visit PlayDoge Pre-sale
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