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Cryptocurrency News Articles
The Next Gaming Crypto to Explode? Memebet, Enjin Coin, and SAGA Look Promising
Sep 20, 2024 at 03:29 pm
Notcoin took the market by storm in May, providing investors with up to 5x gains in just eight days. Anyone who bought NOT on 25 May at $0.005
Notcoin (NOT) has taken centre stage in the crypto market over the last eight days, providing investors with up to 5x gains.
Those who bought $250 of NOT on 25 May at $0.005 would have seen their investment multiply to $1,250 by 3 June, as the price exploded to $0.025.
Gaming has proven itself as one of crypto's ‘killer apps,’ attracting tens of millions of users to projects like Notcoin and Hamster Kombat.
With that in mind, what could be the next gaming crypto to explode? Let’s take a look.
Memebet ($MEMEBET)
When it comes to gaming, a sub-sector that stands out is GambleFi. Blending the excitement of gaming with financial risk, GambleFi has proven to be one of crypto's most electrifying business models.
Memebet is a new crypto casino with a meme coin flavor. Users can wager all the top meme coins, adding even more risk and excitement to the mix.
There will be thousands of casino games and sportsbook events to bet on.
While users can wager with Dogecoin, Shiba Inu, Pepe, and others, there are special perks for wagering $MEMEBET. These include airdrop access, cash giveaways, casino bonuses, NFTs, a VIP community group, signed Messi Argentina shirts, and more.
On Argentina, Memebet Casino has just become the regional sponsor of its soccer team.
The project has launched $MEMEBET via a presale, which has raised $245K so far.
Currently, the $MEMEBET presale price is $0.0252, but this will rise throughout the campaign.
Enjin Coin (ENJ)
Enjin is a layer 1 blockchain that is purpose-built for games and apps. Its focus is on being scalable, secure, and simple to use.
The reason Enjin Coin looks promising is that it’s an infrastructure play. These types of investments hold a unique strategic position, with exposure to all their underlying tokens. Take Ethereum or Solana, for example.
It would only take one game on Enjin to experience mass adoption, and ENJ could potentially surge in value.
Currently, League of Empires loe, Lost Relics, and The Six Dragons are some of the biggest names in its ecosystem.
Enjin also has a mobile wallet, a marketplace, and Beam – which is a fun way to send NFTs through QR codes.
ENJ is trading at $0.1488, up 5% today, 2.5% this week, and 4.8% this month.
SAGA (SAGA)
SAGA is another layer 1 blockchain focused on gaming. However, the project is currently at the forefront of technical innovation, providing software development kits and tools to enable blockchain modularity.
Projects will not launch on the Saga mainnet; instead, they’ll use Saga’s developer tools to launch their own layer one blockchain.
This enables increased scalability and specialization between blockchains, which can help optimize gaming experiences.
While Saga is not a gaming-exclusive blockchain, the bulk of projects launching through Saga are gaming-focused.
According to its website, Saga “allows developers to automatically spin up parallelized, VM-agnostic, and interoperable dedicated chains, or ‘Chainlets,’ that provide applications with infinite horizontal scalability.”
The project has enjoyed one of the strongest performances among gaming cryptos recently.
It’s currently trading at $2.52, up 29% today, 80% this week, and 93% this month.
No apparent fundamental catalysts have driven this recent surge. However, this could be a good sign, indicating that traders are waking up to the project’s robust use case.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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