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GameFi tokens were the best performers yesterday as Bitcoin reclaimed a crucial resistance point at $60,000. This price surge is impressive considering that the token reached this value for the first time since August 14. Consequently, Bitcoin’s recovery triggered massive gains in the crypto market as the total market capitalization of all coins rose by over 0.8% to $2.2 trillion.
A closer look at the top gainers showed that gaming tokens are the highest performing tokens today. Some of them are cheap cryptos trading under $1 and saw a triple-digit increase over the course of the week. Given the current market sentiment, is this the right time to buy these altcoins? Scroll down as we explain the reasons behind this price increase and why investors should add these tokens to their portfolios today.
The 5 best altcoins to invest in now
The Mines of Dalarnia token continued to print green candles and jumped to a new high of $0.2261 today. This current price is almost 125% higher than its lowest recorded value this month. Meanwhile, Synapse rose by 5% in the last 24 hours. This came after Binance Futures announced the launch of the SYNU/SDT perpetual contract with up to 50x leverage.
In the meantime, investors looking to take advantage of the current surge in GameFi and GambleFi tokens can check out: Mega CubeThe Solano-based cryptocurrency continues to see an influx of crypto whales flocking to its presale. Interested investors must act fast to buy the token now at the affordable price of $0.144 and reap massive profits.
1. Mines of Dalarnia (DAR)
Mines of Dalarnia (DAR) is a hybrid action-packed adventure game with a blockchain real estate market. The main goal of players is to search for rare artifacts, relics and minerals while completing their tasks. They can also team up with other players online to defeat monsters and unlock special rewards.
The action-packed blockchain-based mining game is housed in the Chromia metaverse, meaning users can enjoy the benefits of regular gaming while fully immersing themselves in the euphoria of the metaverse. The project’s vision is to revolutionize Web 3 gaming by developing a decentralized, open-source platform that allows players to create and share content without restrictions.
Meanwhile, the token recently reached a significant milestone with the launch of the second playtest of its new card game, Dalarnia Legends. This announcement boosted the value of DAR by over 149.8%. The increase was also fueled by the success of the Dalarnia Legends community playtest last month.
$DAR Staking runs with an impressive APR of 900%! 💥
Don’t miss your chance to earn $DAR Rewards. Start staking now! 🤩https://t.co/RbB8nFB2Da pic.twitter.com/1JqE2zgumg
— Mines of Dalarnia (@MinesOfDalarnia) 16 August 2024
Furthermore, the token formed a God Candle pattern as it rose to a price of $0.2261 – 125% above its lowest level this month. A 7254% increase in trading activity supports this rise. Notably, the token opened its trading value at a 24-hour price before rising to 81% at the time of writing. Investors can be sure that Mines of Dalarnia will maintain its growth this week as it is one of the trending tokens on StockTwits.
2. Mega Dice (DICE)
Have you ever regretted missing out on a presale token whose value skyrocketed after its launch and created millionaires overnight? Mega Cube The presale offers a rare chance to make up for this missed opportunity. This project is designed to provide a seamless casino experience for experienced and new users.
Moreover, the pre-sale phase provides an excellent opportunity for early investors to join the crypto millionaire train. At a modest price of just $0.105266 per coin, investors can expect a return of over 100x upon launch. This forecast is based on the prediction of prominent crypto analysts, including “Jacob Crypto Bury”.
Meanwhile, the well-known casino token has raised over $1.7 million in pre-sales and continues to revolutionize GameFi. The project rewards existing users while attracting new players, making it a key part of Mega Dice’s gamification strategy. In particular, Mega Dice aims to be a leader in the crypto casino space by offering daily rewards based on the platform’s performance.
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2️⃣ Post a picture of yourself in your favorite football team’s jersey OR if you prefer to remain anonymous, just share a picture of… pic.twitter.com/XOQQV6hO2X— Mega Dice Casino (@megadice) 16 August 2024
Interested investors can link their wallets and exchange SOL, ETH or BNB for $DICE tokens. In the meantime, the team has
10% for token stakers, 15% for player airdrops and 15% for liquidity pools. Another 15% goes to the token pool and the remaining 10% is for marketing and other arrangements. Therefore, potential investors should consider the Mega Cube token before its price rises tomorrow.
Visit the Mega Dice Presale
3. Synapse (SYN)
Synapse was developed as an interoperability protocol. It allows users to transfer any data securely and efficiently between multiple blockchains. Users can also exchange and transfer digital assets across multiple blockchains, including L-1, L-2, and sidechain ecosystems. The platform leverages the Stableswap algorithm to maintain liquidity pool balances, slippage, and transaction processes while transferring user assets across multiple blockchains.
Meanwhile, Synapse has maintained its strong upward momentum by displaying strong bullish sentiment, which has seen its value increase by almost 5% in the last 24 hours and a remarkable 5.58% in the last seven days. These positive price movements started after Binance Futures launched the SYN/USDT perpetual contract with up to 50x leverage last week.
Furthermore, the token’s Simple Moving Average has consistently served as a support level in the 1-day chart, indicating growing buying pressure in the cryptocurrency market. Moreover, the MACD is showing rising green candles, suggesting that SYN is likely to see further upside this week.
In these market conditions, every second counts.
Fortunately, Synapse RFQ has become even faster. pic.twitter.com/LvmFQmUksa
— Synapse Labs (@SynapseProtocol) 5 August 2024
If the bulls sustain the Synapse price above the $0.5985 support level, it could challenge the overhead resistance at $1.180. This should rise to $0.964 by the end of the month. Conversely, if the bears take control of the market, the price could drop towards the critical support trend line at $0.315.
4. Extraterrestrial Worlds (TLM)
Alien Worlds is a decentralized NFT metaverse where players compete for a scarce resource, Trilium (TLM). The game is based on a simulated ecosystem that spans multiple planets. The developers have also added a decentralized finance (DeFi) twist to the game, as players advance by staking TLM and use TLM to vote in Planet Decentralized Autonomous Organizations (DAOs).
Additionally, Alien Worlds allows players, called “Explorers,” to earn financial rewards by playing or participating in Planet DAOs. In-game mining earns users the native currency Trilium (TLM) or NFT packs. Players can also stake TLM to increase their rewards or compete against others to win NFTs.
The token has now established itself on Binance Launchpad and Launchpool. In the future, Alien Worlds is trying to automate the process of requesting daily allocation to landowners in its game. New artifacts of NFTs will soon be released on its platform, and future development includes NFT interoperability.
In these market conditions, every second counts.
Fortunately, Synapse RFQ has become even faster. pic.twitter.com/LvmFQmUksa
— Synapse Labs (@SynapseProtocol) 5 August 2024
Market participants keep asking if the price of TLM will reach $10 this year. To answer this question, we need to realize that while the token has reached a low of $0.0666, it has also reached a high of $7.19. To reach $10, it would require a 100x increase from the current price level. While this is a big jump, it is not impossible in the crypto world.
5. Liquid Staking Derivatives (LSD)
Liquid Staking Derivatives offer a unique staking method that maintains liquidity through derivative tokens. These tokens allow users to earn passive income while exploring additional DeFi opportunities. Unlike traditional staking protocols that typically lock assets while providing passive income, Liquid Staking Derivatives provide asset flexibility.
Currently, Liquid Staking Derivative (LSD) is priced at $0.01867. Despite a 7.56% increase in the past week, the token has recorded a moderate increase of 0.93% in the last 24 hours. LSD is trading above its 200-day SMA (Simple Moving Average) and has recorded 27 positive trading days in the last 30 days.
Over the past month, LSD has outperformed the global cryptocurrency market by 8.30% and outperformed the Ethereum ecosystem cryptocurrencies by 13.70%. This strong performance shows the potential of LSD in the market. The prevailing bullish sentiment among investors also ensures that it will increase significantly this week.
Meanwhile, LSD reached its highest price of $2.25 on March 5, 2023, and its lowest price of $0.006465 on September 8, 2023, reflecting significant price volatility. Despite the recent declines, its strong performance over the past week and high trading volume indicate growing interest and potential for future growth. The token is expected to reach $0.026 soon if it maintains its current price.
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