With the Bitcoin price back to $64K and the crypto market at $2.32 Trillion, the bulls are gradually taking over the market. As the bullish grip tightens, the broader market recovery brings a boost in hibernating gaming tokens for a revival.
With the Ethereum ETF waves rising all boats in the crypto world, gaming altcoins are ready for a fresh run. So, let’s have a look at our top gaming token picks to buy in Q3 for massive gains before the Uptober Rally.
Gaming Tokens To Buy: BinaryX (BNX)
The BinaryX token, with a market cap of $593 million, currently ranks 111th in the crypto industry. Originally launched as a decentralized derivative exchange, it has now transitioned into the native cryptocurrency of the BinaryX ecosystem, focusing on gamification and the metaverse.
Over the past five days, it has surged by an impressive 68%, currently trading at $1.59 and surpassing its 200-day exponential moving average. Recently, the gaming token has shown an inverted head and shoulder pattern breakout in the daily chart.
If the momentum sustains, the BNX price trend could reach the psychological milestone of $2, surpassing the $1.84 all-time high.
Enjin (ENJ)
The Enjin coin currently holds a market cap of $333 million, marking a 2.60% increase in the past 24 hours. As the native coin of Enjin and with a robust track record, ENJ is firmly established in the web3 gaming sector.
Over the last six days, it has surged by 27.70%, showing a double bottom reversal from $0.15. Presently trading at $0.20, the gaming token registers an intraday growth of 1.85% and challenges the 50-day EMA.
The MACD indicator indicates a bullish crossover between the MACD and signal lines, suggesting increasing momentum. Further, the ENJ price breaks above the resistance trendline and targets the 50% Fibonacci retracement level at $0.42.
If current momentum holds, the gaming token could surpass the psychological barrier of $0.50 and reach the 78.60% level at $0.57.
Yield Guild Games (YGG)
With a market cap of $201 Million, the YGG token ranks at #233 in the crypto world. However, with the advantage of a lower market cap, the YGG token HODLers can witness massive upside moves in the coming bull run.
With a falling wedge pattern in the daily chart, the gaming token reveals a bull cycle gaining traction within. Despite the death cross, the bull cycle amid broader market recovery teases a breakout rally.
As per the Fibonacci levels, the unleashed momentum could drive the YGG token price higher to the 50% level at the $1 psychological mark. Furthermore, the uptrend continuation can result in a hike to the 1.618 level close to $2.50.