Play-to-earn gaming tokens have taken over the crypto space as the best crypto to buy today. They have shown bullish price gains. Crypto Analyst @Learnernoearner earlier stated that Axie Infinity would rally if it held its support level. That seems to be the case with other gaming tokens like Immutable and Meme Moguls following suit.
What you'll learn 👉
Axie Infinity Accumulation Ongoing, Says @DonOfBots
On December 1st, a crypto trader on X, @Learnernoearner, tweeted that Axie Infinity would see a huge bounce if it helped the support at $6.437. As of December 8th, the Axie Infinity price recorded a major rally, crossing the $7 mark. Data from CoinMarketCap, Axie infinity coin rose from a 7-day low of $6.43 to a local peak of $7.41.
According to crypto analyst @DonOfBots, $AXS is witnessing huge accumulation. The AXS token would aim to rally above the $7.44 resistance level in the near future. If this resistance is broken, AXS will be able to rise beyond $7.80.
But if Axie Infinity is unable to overcome the $7.44 barrier, it could potentially retrace. The price of AXS will fall to $6.90 if it breaks below $7.44. Still, the Relative Strength Index (RSI), hovering at 70 indicates that the Axie Infinity price may increase further.
Merit Circle DAO Partners With Immutable (IMX)
The Merit Circle DAO, a decentralized autonomous organization (DAO) focused on gaming and responsible for operating a blockchain network, has formed a partnership with Immutable for its Web3 platform.
As the largest known DAO globally, the Merit Circle DAO is taking steps to broaden and enhance its ecosystem. This collaboration seeks to enhance the Beam open-source blockchain network using Immutable’s Web3 platform.
In other news, the Immutable coin has pumped 11.6% from a low value of $1.35 to $1.54 in the past week. Interestingly, Immutable token has a year-to-date gain of 244.3% as it recovered from its 2022 losses. Analysts have predicted more price growth in the future for the Immutable coin.
Meme Moguls (MGLS) Emerges As Top Contender for the Bull Market
Meme Moguls (MGLS) has garnered significant attention in the cryptocurrency community and has become a popular topic of discussion. Notably, Meme Moguls stands out as one of the few meme coins offering practical uses. Its role as a play-to-earn token positions it as a strong contender in the gaming token arena, akin to Axie Infinity.
This DeFi project will allow users to participate in free and paid trading competitions. This enables gamers to compete for monetary prizes as well as valuable meme collectibles such as Dogecoin. Meme Moguls features an in-game marketplace where players may buy, sell, and trade in-game items. This opens up a method for players to collect more MGLS tokens.
Meme Moguls has a wealth leaderboard, where the top 20 players will be rewarded with a percentage of daily revenue generated by the platform. The goal of the leaderboard is to encourage healthy competition and rivalry among participants.
Another intriguing aspect of Meme Moguls is “Mogul Land,” a virtual environment. Here, users can interact and mine tokens and stake tokens. This is a major reason people are moving to the Meme Moguls DeFi project. MGLS tokens are available at an affordable price of only $0.0021. Experts have foreseen a 1,000% price increase in the coming months.
Conclusion
Analysts have tipped play-to-earn tokens like Axie Infinity, Immutable, and Meme Moguls to see more gains in the coming weeks. Meme Moguls is the best crypto to buy among these three tokens, considering its low price and low market capitalization. This gives the token a high chance of more gains in the coming week.
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