Top 3 Gaming Cryptocurrencies Predicted To Rise This Week

• 1 Beam crypto surged 7.55% in the last 24 hours, snapping off the previous day’s losses.
• 2 Gala crypto gained ground near a multi-month support and was up over 3.9% intraday.
• 3 At the time of writing, Decentraland was exchanging hands at close to $0.331, recording a positive intraday development of 2.22%.

While the broader market experienced a see-saw movement with bulls and bears both fighting to dominate the trend. Market leaders including Bitcoin, Ethereum have displayed a sideways trend.

However, the recent fluctuation in the broader market has dragged the Gaming cryptocurrencies in a bearish territory breaking below the preluding consolidation phase. However, few have initiated a recovery and might be a good pick for the investors.

Beam, Gala, and Decentraland have emerged as the top three gaming cryptocurrencies that initiated a recovery and might shift their territory from bearish to bullish. Let’s analyze them by combining price and other metrics.

Can Beam Reclaim Bullish Territory Again?

Beam is a gaming network empowered by the merit Circle DAO. BEAM serves as the native asset for the crypto. This network forges a collaborative ecosystem dedicated to advancing the gaming industry, bringing the developers together and players to co-create the future of gaming.

   

Beam crypto had been on a constant decline since the 1st week of June and has dropped by over 35%, breaking below the recent supply of $0.021. At the time of writing, the crypto was up over 7.55%, snapping off the previous day’s losses. 

The bulls have initiated a recovery, however, the price needs to surpass the recent $0.02 level to reclaim bullish territory again. The RSI line has recovered after falling in an oversold region indicating optimism.

Gala Price Nearing a Strong Demand Zone?

Gala represents a web3 universe, anchored by its proprietary layer-1 blockchain known as GalaChain. Moreover, This blockchain is the driving force behind the diverse Gala entertainment realm, encompassing Gala Games, Gala Music, and Gala Film.

Expanding its horizons, GalaChain has recently welcomed external developers and ventures from various sectors, offering accessible open-source tools designed to simplify the development processes.

   

The daily GALA/USD chart reveals that the crypto had been in a correction phase for the last two months. The bears have retained control as the price continued to lower, forming a declining channel pattern. 

However, the recent fall has dragged the crypto near a major demand zone from where the bulls may take the charge. At the time of writing, GALA was hovering close to the $0.025 mark, recording a 3.9% intraday rise.

Now, if the bulls are able to make a comeback, the price may bounce back from the demand and end its correction phase. on the contrary if the price breaks below the $0.025 level, it may indicate a bearish continuation.

Can Decentraland Rise from the Multi Month Lows?

Decentraland serves as a creative platform for artists, entrepreneurs, and entertainment seekers, offering a novel canvas for expression, commercial ventures, and amusement.

Moreover, the virtual expanse of Decentraland, known as the “Metaverse,” consists of 90,601 unique plots of LAND. Each plot is an ERC-721 non-fungible token, signifying ownership of a 16m by 16m (256 square meters) which is a piece of virtual real estate, located at specific coordinates within the Metaverse.

From a price action analysis, decentraland crypto broke down from a consolidation phase and has slumped near the multi-month lows, looking for a firm footing. It ranks 105th in the cryptoverse boasting a $624.8 Million market capitalization.

Moreover, the bulls were returning back intraday as the price had spiked over 2.22% at the time of writing. The MACD lines have started converging, indicating a possible continuation in buying pressure.

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.