In 2023, gaming tokens witnessed massive adoption among crypto users with Enjin Coin (ENJ), Decentraland (MANA), and Pomerdoge (POMD) being among the top tokens. However, in this article, we shall be looking at each token and which one has great potential this year.
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What you'll learn 👉
Enjin Coin (ENJ) Suffers Price Downtrend After February Rally
Enjin Coin (ENJ), developed by Enjin, is a cryptocurrency for virtual goods. Also, the Enjin Coin network is the “largest gaming community platform online,” attracting over 250,000 gaming communities and boasting over 18.7 million registered gamers.
Earlier this year, the Enjin Coin price soared to a 2023 high of $0.547258 in February. However, the price of Enjin coin could not sustain the price rally and soon witnessed a huge price correction. Presently, the price of Enjin Coin is $0.246542 today, a -0.94% price decline in the last 24 hours.
According to the EMA analysis, Enjin Coin’s price currently rests below the 200-day EMA ($0.338762). This indicates a prevailing long-term bearish sentiment in the market. Moreover, the price has also failed to maintain itself above the 50-day EMA ($0.272826), signaling short-term weakness.
NFT sneak peak. Just focus on the hats, face and shoes. That’s what we are showing you here.
— Pomerdoge (@pomerdoge) September 6, 2023
Just some sneak peaks for the Pomercrew, you know how it goes
NFTs released in the coming weeks.
Get in our telegram channel for more by using the link below 👇… pic.twitter.com/HCAYG4h8eU
Decentraland (MANA) Shows Bearish Sentiment
The Decentraland crypto is a virtual reality platform that provides users with an immersive virtual world to explore, create, and earn money. Following the XRP ruling in July, Decentraland’s price surged by 13.2% from $0.3906 to $0.4425 between July 13th and 14th.
However, Decentraland coin struggled to sustain these gains as the crypto market went bearish. As of today, the price of Decentraland stands at $0.304278, a decline of -1.67% in price over the last 24 hours.
Currently, the MANA coin price is trading below the 50-day EMA ($0.349120), 100-day EMA ($0.389003), and 200-day EMA ($0.463760). This signifies that bears are in control of the Decentraland market.
Pomerdoge (POMD) To Launch Leadin P2E Gaming Ecosystem
Unlike Decentraland and Enjin Coin, Pomerdoge (POMD) has weathered the bearish market conditions surging from $0.007 to $0.01. Pomerdoge has positioned itself uniquely from other gaming tokens such as Enjin Coin and Decentraland, mainly due to its extensive utility.
Adding to its appeal, this emerging project is developing three integral components that will form a substantial part of its ecosystem. These components include Pomergame, an engaging gaming platform, Pomerplace, functioning as both an NFT marketplace and a battle arena, and finally, a diverse collection of NFTs.
The Pomergame will be one of Pomerdoge’s major attractions. Participants will enjoy the immersive gameplay and earn rewards as they engage with the game. Participants will be able to convert their Pomergame rewards into tangible currency on the Pomerplace marketplace. Furthermore, the project’s team has announced the launch of an NFT collection scheduled for September.
Unlike other gaming tokens, it has great utility. Pomerdoge holders will enjoy access to rare NFTs, rewards, and unique items from the Pomerdoge marketplace. Presently, the Pomerdoge token is available for purchase at a modest price of $0.0115.
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