As the bull run continues, the altcoins present entry spots at massive discounts from their all-time high levels. To capitalize on this moment, we bring two top gaming tokens trading at a discount of more than 90% from their ATH.
As these coins rank among the top 5 in the gaming sector on Coinmarketcap, the industry standard and their credibility are among the best.
So, let’s have a look at the technical price charts of these gaming tokens to find out if they can give 10x growth in this bull run.
The Reversal Story Of A Top Gaming Token
Axie Infinity is a player-owned, blockchain-based game focused on trade and battle. It enables players to earn tokens through gameplay, including breeding, raising, and trading digital pets known as Axies.
Axie Infinity Shard (AXS) works as the key element of the Axie Infinity game. It enables players to purchase, trade, and earn tokens while gaming. Additionally, AXS acts as a governance token, giving holders the power to vote on changes to the game and influence the platform’s development.
With the AXS price trading at a discount of 94% from its all-time high of $165, it stands as one of the top potential coins to make a comeback this time. As of now, it trades at $9.40 and prepares for a rounding bottom breakout.
Source: TradingView
Trading at a high of 125% from the 52W low of $4.08, the reversal rally is already gaining momentum in Axie Infinity. With most players, around 40% coming from the Philippines, around 180,000 players have played Axie games over the last 30 days.
As per the long-term analysis, the AXS token shows the potential to reach its all-time in 2024. In the short term, this top gaming token could give a rounding bottom breakout that can fuel a rally to $15.
SandBox Preps Marvelous Rally This Year
SAND is the in-game currency of The Sandbox, functioning as an ERC-20 token. This allows holders to store it securely and earn rewards while gaming. As a utility token, SAND is crucial for conducting transactions within the platform.
It also serves as a governance token, enabling holders to participate in decision-making through the DAO. With SAND, users can buy virtual land, interact with NFTs, and gain special privileges.
Preparing for a massive jump, the SAND price jumps 122% from its 52W low of $0.27. As the bull run continues, this one of the top gaming tokens crosses the $0.50 psychological mark and trades at $0.61.
Source: TradingView
With a market cap of $1.38 billion, Sandbox is making waves in the gaming sector and finding additional demand in the recovering market. Further, the rounding bottom reversal teasing the 61.80% Fib level breakout aims to prolong the uptrend.
With the SAND price at a discount of 92% from its all-time high of $8.44, it is an undervalued opportunity. Further, the underlying potential projects a possible bull run to $10. However, in the short term, the breakout rally can create a new peak above $1.
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