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GameFi tokens were the best performers yesterday as Bitcoin recaptured a crucial resistance point at $60,000. This price gain is impressive, given that it is the first time the token has gotten near this value since August 14. Consequently, Bitcoin’s recovery triggered massive gains in the crypto market, as the total market cap of all coins rose by over 0.8% to $2.2 trillion.
A closer look at the top gainers showed that gaming tokens are today’s top-performing tokens. Some of these are cheap cryptos trading under 1 dollar and have recorded a three-digit surge over the week. Considering the current market sentiments, is this the right time to stack up these altcoins? Scroll down as we cover the reasons for this price surge and why investors need to add these tokens to their portfolios today.
5 Best Altcoin to Invest in Now
The Mines of Dalarnia token continued to print green candlesticks as it jumped to a new high of $0.2261 today. This current price is almost 125% above its lowest recorded value this month. Meanwhile, Synapse surged by 5% in the past 24 hours. This comes after Binance Futures announced the SYNU/SDT Perpetual Contract launch with up to 50x leverage.
Meanwhile, investors seeking to leverage the current surge of GameFi and GambleFi tokens can look into Mega Dice. The Solano-based cryptocurrency has continued to see an influx of crypto whales flocking to its presale. Interested Investors have to act fast to buy the token at an affordable price of $0.144 now to reap massive gains.
1. Mines of Dalarnia (DAR)
Mines of Dalarnia (DAR) is a hybrid action-packed adventure game with a blockchain real-estate market. Players’ primary objective is to go in search of rare artifacts, relics, and minerals while completing their quests. They can also team up with other players online to defeat monsters and unlock special rewards.
The blockchain-based mining, action-packed game is housed in the Chromia metaverse. This means that users can enjoy the benefits of regular gaming while fully immersed 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 gamers to generate and share content without limitations.
Meanwhile, the token recently achieved a significant milestone with the launch of the second playtest of its new card game, Dalarnia Legends. This announcement significantly boosted the value of DAR by over 149.8%. The surge was also fueled by the success of its Dalarnia Legends Community Playtest last month.
$DAR staking is ongoing 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) August 16, 2024
Furthermore, the token formed a god candle pattern as it soared to a price of $0.2261 — 125% above its lowest level this month. A 7254% trading activities spike supports this increase. Notably, the token opened its trading value with a 24-hour price before increasing to 81% at the time of writing. Investors can be assured Mines of Dalarnia will sustain its growth this week as it is one of the trending tokens in StockTwits.
2. Mega Dice (DICE)
Have you ever regretted missing out on a presale token that skyrocketed upon its launch to create millionaires overnight? Mega Dice presale offers a rare chance to make up for that missed opportunity. This project is designed to deliver a seamless casino experience to experienced and new users.
Furthermore, the presale stage offers an excellent opportunity for early investors to join the moving train of crypto millionaires. With a modest price of just $0.105266 per coin, investors can expect returns exceeding 100x upon launch. This projection is based on the prediction of prominent crypto analysts, including “Jacob Crypto Bury.”
Meanwhile, the renowned casino token has secured over $1.7 million in its presale as it continues to revolutionize GameFi. The project rewards existing users while attracting new players, playing a key role in Mega Dice’s gamification strategy. Notably, Mega Dice seeks to lead the crypto casino space by offering daily rewards based on platform performance.
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Interested investors can link their wallets and swap SOL, ETH, or BNB for $DICE tokens. Meanwhile, the team has allocated
10% for token stakers, 15% for player airdrops, and 15% for liquidity pools. Another 15% will go to the token pool, and the remaining 10% will be earmarked for marketing and other agreements. Therefore, potential investors should buy the Mega Dice token before its price increases tomorrow.
3. Synapse (SYN)
Synapse was developed to function as an interoperability protocol. It allows users to safely and efficiently transfer arbitrary data between several blockchains. Users can also swap 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 process while transferring users’ assets across multiple blockchains.
Meanwhile, Synapse has maintained strong upward momentum by displaying strong bullish sentiments. This has seen its value gain nearly 5% in the last 24 hours and a remarkable 5.58% over the past seven days. These positive price movements began 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 on the 1-day chart. This indicates a growing buying pressure in the cryptocurrency market. Moreover, the MACD displays rising green candlesticks, suggesting that the SYN is likely to experience a further uptick this week.
In these market conditions, every second counts.
Thankfully, Synapse RFQ has gotten even faster. pic.twitter.com/LvmFQmUksa
— Synapse Labs (@SynapseProtocol) August 5, 2024
If bulls maintain Synapse’s price above the support level of $0.5985, it could challenge the upper resistance at $1.180. This should go as high as $0.964 before the month ends. Conversely, if bears take control of the market, the price may drop toward the critical support trendline at $0.315.
4. Alien Worlds (TLM)
Alien Worlds is a decentralized NFT metaverse where players compete for scarce resources, Trilium (TLM). The game is based on a simulated ecosystem spanning several planetary worlds. The developers have also added a decentralized finance (DeFi) twist to the game, as players advance by staking TLM and using TLM to vote in Planet Decentralized Autonomous Organizations (DAOs).
Furthermore, Alien Worlds enables players, known as “explorers,” to earn financial rewards through gameplay or involvement in Planet DAOs. By mining in the game, users receive the native currency, Trilium (TLM), or NFT packs. Players can also stake TLM to enhance their rewards or battle others to win NFTs.
Meanwhile, the token has established its presence on Binance Launchpad and Launchpool. Moving forward, Alien Worlds seeks to automate the process of claiming daily allocation to landowners in its game. New artifacts of NFTs are soon to be released on its platform, and future development includes NFT interoperability.
In these market conditions, every second counts.
Thankfully, Synapse RFQ has gotten even faster. pic.twitter.com/LvmFQmUksa
— Synapse Labs (@SynapseProtocol) August 5, 2024
Market players keep asking if the price of TLM will reach $10 this year. To answer this, we have to realize that, despite the token hitting a low of $0.0666, it has equally touched a high of $$7.19. To reach $10 would require an increase of around 100 times the current price level. While this is a big leap, it is not impossible in the crypto world.
5. Liquid Staking Derivatives (LSD)
Liquid Staking Derivatives offer a distinct method of staking that maintains liquidity through derivative tokens. These tokens enable users to earn passive income while exploring additional DeFi opportunities. Unlike conventional staking protocols, which usually lock up assets while providing passive income, liquid staking derivatives ensure asset flexibility.
Currently, Liquid Staking Derivative (LSD) is priced at $0.01867. Despite a 7.56% increase over the past week, the token has seen a moderate increase of 0.93% in the last 24 hours. LSD is trading above its 200-day Simple Moving Average (SMA) and has posted 27 positive trading days out of the last 30.
Over the past month, LSD outperformed the global cryptocurrency market by 8.30% and surpassed Ethereum ecosystem cryptocurrencies by 13.70%. This strong performance demonstrates LSD’s potential in the market. The prevailing bullish sentiment among investors also ensures that it will increase significantly this week.
Meanwhile, LSD hit its highest price of $2.25 on March 5, 2023, and its lowest of $0.006465 on September 8, 2023, reflecting significant price volatility. Despite recent dips, its strong performance over the past week and high trading volume suggest growing interest and potential for future growth. The token is projected to hit $.0.026 soon if it maintains its current price.
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