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It is a challenging period for cryptocurrency prices, but that has not stopped several gaming tokens from charging ahead. Notcoin and Saga are two of the most notable. NOT is resisting the market-wide selloff with a 50% increase on Sunday, while Saga has posted 15% gains today.
Notcoin and Saga’s Swelling Ecosystems Trigger Relative Strength
It’s the era of crypto gaming, and Notcoin and Saga are at the frontier today.
Ecosystem advancements have enabled their recent success.
Starting with Notcoin, its price shot up by a remarkable 50% on Sunday. And despite the total crypto market cap plunging by 5% today, NOT has held strong, up 1%.
Notcoin recently highlighted that projects can launch on its platform.
It underscored that this is a win-win. The project will gain access to Notcoin’s vast user base under a community-oriented model.
Notcoin’s price rallied in response to the tweet, jumping from $0.0095 to highs of $0.016.
Saga has also seen similar progress, climbing from $0.9 on Friday to highs of $0.135 on Sunday.
However, SAGA has outperformed NOT today, pumping 15%. That’s particularly impressive given the broader market’s turmoil.
Saga’s uptick comes as Rebecca Liao, its CEO, posted a weekly update on the Saga X page.
One of the most notable announcements was that Saga will reveal three new games at a gaming conference in Cologne, Germany, in August.
Liao also updated community members on a slew of other ecosystem advancements, such as reaching 5 million transactions on the Saga blockchain.
It’s a good time to be in the crypto gaming space.
There’s significant anticipation that Play-to-Earn (P2E) gaming could be crypto’s first consumer application, which presents enormous potential for emerging projects.
As such, let’s take a look at three other P2E cryptos to watch.
PlayDoge
PlayDoge is one of the most exciting new P2E games. As its name suggests, it has a meme coin element, which opens it to another of crypto’s hottest trends.
The project’s premise is based on the iconic 1990s Tamagotchi game.
Users will care for a virtual pet, ensuring it is fed, rested, and entertained.
That’s similar to the original Tamagotchi, but PlayDoge ups the ante with crypto rewards.
Players will rack up XP points by engaging with their pets, which pushes them up the project’s leaderboard. The higher they go, the more $PLAY tokens they’ll earn.
It’s a captivating concept that will draw nostalgic Tamagotchi users, P2E enthusiasts, and meme coin traders.
With that, there’s every chance that the $PLAY price could explode, and numerous analysts have stated that they’re bullish on the project.
PlayDoge is undergoing a presale, enabling investors to buy at a fixed, discounted rate. So far it’s raised almost $5.5M.
Staking is also available through the presale, with the estimated returns currently at 104%.
You can currently buy PlayDoge for $0.00516, but this price will rise as the ICO advances.
BinaryX
While not quite as early-stage as PlayDoge, BinaryX is another promising new gaming crypto.
It’s a full ecosystem of gaming and P2E numbers, each with a unique look and feel.
For instance, one of its projects is a PvP strategy game called CyberChess, and another is AI Hero, a battle royale-style game that combines GPT, machine learning, and artificial intelligence drawing technologies.
While most of the market is in the red, BinaryX has seen a substantial 30% uptick this week.
That’s a significant display of investor interest, especially since no major ecosystem developments have occurred this week.
The current BinaryX price is $1.15, down 1% today, up 30% this week, and up 1% this month.
It holds a $422 million market cap and a $60 million 24-hour trading volume.
This makes BinaryX the 12th most valuable gaming crypto but the seventh most traded.
MultiversX
MultiversX is another gaming project exhibiting strength while other cryptos slump.
It is a top-five gaming crypto by market cap, which presents price stability potential compared to projects with valuations.
MultiversX is a secure and scalable layer 1 blockchain with a suite of crypto P2E games built on top of it.
According to its website, MultiversX’s average transaction cost is $0.002, and there are over 3,000 nodes that maintain the blockchain.
There are 16 games on the network, but devs have also launched applications in the DeFi, NFT, and payments domains.
Evidently, alongside its P2E utility, MultiversX is an all-encompassing ecosystem.
The current EGLD price is $1.15, down 2.6% today, up 10% this week, and down 7.4% this month.
It holds a $900 million market cap and a $34 million 24-hour trading volume.