Check out Notcoin and Saga Gains – 3 other P2E Tokens to watch
It's a challenging time for cryptocurrency prices, but that hasn't stopped several gaming tokens from paying off in the future. Notecoin and Saga are two of the most popular ones. It's not defying the sell-off in the market with a 50% rise on Sunday, while Saga posted a 15% gain today.
Notcoin and Saga's bloated ecosystems are fueled by relative strength
It's the age of the crypto game, and Notecoin and Saga are on the frontier today.
Ecosystem developments have enabled their recent success.
Starting with NotCoin, the price increased by an impressive 50% on Sunday. And although the overall crypto market value is down 5% today, it's not strong, it's up 1%.
NotCoin recently highlighted that projects could be launched on its platform.
He underlined that this is a win-win situation. The project gains access to Notcoin's vast user base through a community-based model.
Notecoin's price surged in response to Twitter, rising from $0.0095 to $0.016.
Saga saw similar growth, climbing from $0.9 on Friday to a high of $0.135 on Sunday.
However, SAGA fared better, not today, bringing in 15 percent. This is particularly impressive given the widespread market volatility.
Saga's revival comes as Rebecca Liao, its CEO, posts a weekly update on the Saga X page.
One of the more notable announcements is that Saga will reveal three new games at a gaming conference in Cologne, Germany in August.
Liao also updated community members on other ecosystem developments, such as reaching 5 million transactions on the Saga blockchain.
It's a great time to be in the crypto gaming space.
A Play-to-Earn (P2E) game could be the first consumer application of crypto, with high potential for emerging projects.
As such, let's look at three other P2E cryptos to watch.
Playdog
Playdog is one of the most exciting new P2E games. As the name suggests, it has a meme coin element, which opens up to another of crypto's most popular trends.
The origin of the project is based on the Tamagotchi game of the 1990s.
Users take care of a virtual pet by making sure it is fed, rested and entertained.
That's similar to the original Tamagotchi, but Playdog ups the ante with crypto rewards.
Players collect XP points by interacting with their pets, which puts them on the project leaderboard. The higher it is, the more $PLAY tokens you get.
It's a fascinating concept that will appeal to nostalgic Tamagotchi users, P2E enthusiasts, and meme coin traders.
With that, the price of $PLAY is likely to explode, and many analysts have said they are bullish on the project.
Playdog is going through a pre-sale, which allows investors to buy at a limited, discounted price. About $5.5 million has been raised so far.
Staking is also available through the pre-sale, with estimated earnings currently at 104%.
You can currently buy Playdogen for $0.00516, but this price will increase as the ICO progresses.
BinaryX
While not as groundbreaking as PlayDog, BinaryX is another promising new gaming crypto.
It's a whole ecosystem of gaming and P2E numbers, each with a unique look and feel.
For example, one of the projects is a PvP strategy game called Cyber Chess, and another is a battle royale style game that combines AI Hero, GPT, machine learning and artificial intelligence drawing technologies.
While most of the market is in the red, BinaryX is up a whopping 30% this week.
That's a sign of significant investor interest, especially since no major ecosystem developments occurred this week.
The current price of BinaryX is $1.15, down 1% today, up 30% this week, and up 1% this month.
It has a market cap of $422 million and a 24-hour trading volume of $60 million.
This makes BinaryX the 12th most valuable gaming crypto but the seventh most traded.
MultiversX
MultiversX is another gaming project that has shown strength while other cryptos have failed.
It is a top-five gaming crypto by market value that offers potential for price stability compared to valuations.
MultiversX is a secure and scalable layer 1 blockchain with a collection of crypto P2E games built on it.
According to the website, the average transaction price of MultiversX is $0.002 and there are more than 3,000 nodes maintaining the blockchain.
There are 16 games on the network, but devs have launched apps in DeFi, NFT and payment domains.
Obviously, with its P2E utility, MultiversX is a comprehensive ecosystem.
The current price of EGLD is $1.15, down 2.6% today, up 10% this week, and down 7.4% this month.
It has a market cap of $900 million and a 24-hour trading volume of $34 million.
