Crypto Analyst Unveils The Best Gaming Altcoins For This Bull Run
February 13 2024 - 5:30AM
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Miles Deutscher, a renowned crypto analyst on X (formerly Twitter),
recently announced the onset of what is poised to be the most
monumental bull run in the history of crypto gaming. Deutscher’s
commentary comes at a time when the sector is witnessing
unprecedented growth, with notable milestones such as the fourfold
increase in value of Heroes of Mavia since its launch, and the
introduction of Gunzilla Games on the XBOX platform. 2024: A
Breakout Year For Crypto Gaming? These developments have
contributed to the gaming market cap reaching a staggering $20
billion, signaling the early stages of a significant market shift.
“The total gaming market cap just hit $20B,” Deutscher observed,
indicating that these early achievements might only be the
beginning of a larger trend. The biggest bull run in crypto gaming
history is about to begin.$MAVIA set the tone, but it's only one of
many high-profile launches coming this year. If you want to
capitalise, this thread is for you. 🧵: My ULTIMATE crypto gaming
guide (full strategy + top altcoin picks).👇 — Miles Deutscher
(@milesdeutscher) February 12, 2024 With the global gaming industry
expected to accumulate $363 billion in revenue by 2028, surpassing
the combined value of the film and music industries, the potential
for crypto’s integration into this vast market is immense.
Deutscher articulates the unique proposition of crypto in gaming:
“The ability to have true, verifiable ownership over in-game assets
and financially reward users,” highlighting the transformative
potential of blockchain technology in creating a new gaming
economy. Related Reading: CryptoQuant Founder Puts $112,000 Target
For Bitcoin This Year Central to Deutscher’s bullish outlook on
crypto gaming is its accessibility, the incentive for engagement,
and the potential to onboard millions of new users to blockchain
technology. “Gaming has all 3 of these traits,” he asserts,
suggesting that the sector is at a pivotal moment of growth and
adoption. The significant investments made in 2021 and 2022 are
starting to bear fruit, with the sector’s rapid expansion,
particularly in mobile gaming, serving as a catalyst for widespread
adoption. Mobile gaming, according to Deutscher, offers a
“less-intimidating gateway to crypto,” potentially mainstreaming
blockchain technology through gaming. Detailing his investment
strategy, Deutscher recommends a tiered approach encompassing
gaming infrastructure, studios, and individual games. This strategy
aims to balance risk and reward across the sector’s diverse
landscape. “At the base, is gaming infrastructure (lower risk,
lower reward). In the middle, is the gaming studios (medium risk,
medium reward). At the summit, are the individual crypto games
(high risk, high reward),” he explains. Best Gaming Altcoins In
2024 Deutscher’s top recommendations within the crypto gaming
ecosystem include: Immutable (IMX): Positioned as a foundational
investment in gaming infrastructure, Immutable stands out for its
Layer-2 scaling solutions that support high-budget games. Deutscher
cites VanEck’s prediction, “A breakout blockchain game may surpass
1 million daily players. Immutable X is poised to climb market cap
ranks with key releases and the Immutable Passport, streamlining
wallet usage and enabling wider adoption,” underscoring its
potential for significant growth. Related Reading: Crypto Drama
Unfolds: Ethereum Co-Founder’s 22,000 ETH Transfer Sparks Price
Speculation Vulcan Forged: This blockchain gaming ecosystem,
featuring Vulcan Studios and Elysium, a carbon-neutral Layer-1
blockchain, is noted for its comprehensive approach and continuous
product launches. Deutscher commends the team for their innovation
and contribution to the ecosystem. Echelon (PRIME): Known for
hosting one of the most successful crypto card games, Echelon is
spotlighted for its expansive gaming studio, Parallel Finance, and
its ambitious plans to release more games, with its ecosystem
token, PRIME, at the economic core. Merit Circle: Positioned as a
top bet in gaming infrastructure, Merit Circle stands out for its
development of gaming SDKs (Software Development Kits), which
streamline game development processes. Its first game, Forgotten
Playland, is highlighted as a promising upcoming launch. Heroes of
Mavia (MAVIA): Garnering over 1 million downloads, Mavia is
underscored for its significant impact in the mobile gaming sector,
offering simple yet addictive gameplay. Its token performance
post-launch and the strategy to accumulate on major dips are
highlighted. SHRAPNEL (SHRAP): A competitive first-person shooting
game built on the Avalanche blockchain, SHRAPNEL is distinguished
for its high-quality graphics and successful pre-alpha launch,
alongside significant funding that underscores its potential in the
gaming market. Nakamoto Games (NAKA): A gaming studio with a
portfolio of over 200 games, emphasizing a mobile-first approach
and a strong, engaged community. Nakamoto Games is recognized for
its ability to cater to a broad audience with its diverse gaming
options. Furthermore, Deutscher casts a spotlight on forthcoming
launches such as Aether Games and Blood Loop, anticipated to
significantly impact the sector. He speculates, “It’s highly likely
that crypto’s next AAA gaming title hasn’t even launched yet,”
promising to keep his followers abreast of potential gems in the
evolving market. At press time, MAVIA traded at $8.38. Featured
image created with DALL·E, chart from TradingView.com
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