#USUALSpotLaunch #MarketMajorComeback #MicroStrategyVsNasdaq #BTCNextDirection? #MicroStrategyVsNasdaq
Blockchain gaming tokens are significantly undervalued compared to other crypto sectors like Layer-1s and AI.
New projects like SuperVerse, Beam, and Wild are leading the charge.
The impending altcoin season, with the Altcoin Season Index surpassing 75%, is expected to fuel significant inflows into blockchain gaming.
Blockchain gaming is emerging as a major force in the crypto world, and analyst VirtualBacon believes the sector is still greatly undervalued. While categories like Layer-1 blockchains, AI, and meme coins have seen strong growth, gaming tokens only make up 0.4% of market dominance in the current bear market.
VirtualBacon sees this as a huge opportunity for investors, especially as altcoin season heats up and gaming tokens could potentially triple their market dominance during the next bull run.
Is the Gaming Sector Lagging?
In his recent analysis, VirtualBacon noted that while Layer-1 blockchains have seen their dominance grow from 5% to 9%, and AI has surged from 0.6% to 1.2%, the gaming sector has not experienced similar growth. However, the market capitalization of gaming altcoins has crossed the $32.2 billion mark, showing a renewed interest in Web3 gaming.
This sets the stage for significant growth in the gaming sector as attention shifts to blockchain-based gaming experiences.
Top Gaming Tokens for a 3X Surge
VirtualBacon has made gaming tokens his largest portfolio allocation, now at 14%. He believes several projects have strong potential for growth:
SuperVerse (SUPER)
Starting with the standout performer, SUPER has risen from $0.20 to $2.20 since November 2023. It has consistently outperformed Bitcoin, forming higher lows on the BTC ratio chart. Staking initiatives and the TON Station airdrop are credited with fueling its rise.
The main reason for this uptrend is that altcoins are not releasing a large amount of supply to the market for early investors in the bare market, diluting supply and adding to sell pressure.