Beam, Immutable X, surge 7%; Traders bullish on GameFi token Mega Dice

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The GameFi sector is heating up, with top projects Beam and Immutable X pumping 7% and 6.7%, respectively. Mega Dice is also gaining traction.

New gaming coins are also catching attention, with the trending presale Mega Dice token raising $450K and receiving support from top analysts.

GameFi tokens surge

Beam and Immutable X have soared today, outpacing the market average amid a growing appetite for GameFi cryptocurrencies.

AI and meme coins led the last crypto market rally, but following the recent pullback, analysts anticipate GameFi to be one of the most dominant narratives.

Well-known trader Alex Becker highlighted that the total crypto gaming market cap is approximately $20 billion and said that in a “full bull market, individual meme coins have moved up this amount in days.”

As such, the analyst anticipates significant returns for gaming cryptos in the coming months, speculating, “It takes almost nothing to send coins back to top price and then 5x that. The recovery and return up will be lightning fast.”

The recovery has already started, with Beam surging 7% today and 28% this week. It is also up 1.1% this month and 567% this year.

BEAM’s market cap is $1.7 billion, and its 24-hour trading volume is $26 million, which is up 48% today.

Market analyst Woods.ai forecasts a move toward $0.5 in the coming weeks, highlighting how the recent uptick is breaking a parallel channel to the upside.

The analyst points out that the bounce follows a retest of a long-term support and resistance level, further validating the current upswing.

Immutable X enjoys a similarly bullish outlook, up 6.7% today and 26% this week, down 15% this month, and up 147% this year.

It is currently priced at $2.39 with a $3.4 billion market cap and a $73 million 24-hour trading volume, up 45% today.

Prominent trader Crypto Patel recently Go to Source to See Full Article
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