VanEck Bullish on Blockchain Gaming – Traders Diversify With Axie Infinity, Illuvium and Meme Moguls

9 views 7:05 am 0 Comments December 19, 2023

VanEck reported that blockchain gaming will see at least one title surpassing 1 million daily active users. Illuvium (ILV) glimpsed a sharp spike in value of 125% during the past year, alongside the Axie Infinity (AXS) cryptocurrency, where it saw an upswing of 28% in the past month. Seasoned traders are looking for the next great opportunity that can provide them with significant gains, and Meme Moguls (MGLS) is on top of their radar. Today, we explore which crypto can explode in value.

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Axie Infinity (AXS) Breaks Past $7 – Is $10 Possible?

Axie Infinity (AXS) saw a price increase of 28% during the past month, and it is continuing its upward pattern under the bull influence. Buyers are accumulating AXS and are pushing the price towards the upper trendline.

The Axie Infinity price chart suggests that it can reach a higher level in the near future, especially as during the past week, the price broke over the $7 price barrier. AXS is now trading above the 20,50,100 and 200-day moving averages.

Within the last seven days alone, Axie Infinity moved from $6.52 to $7.83 and is now attempting to break past the $8 price barrier. According to the latest on-chart data, there is a bullish sentiment, and the Axie Infinity price prediction places its value at $10.53 by Q1, 2024.

Illuvium (ILV) Mentioned in VanEck’s Report – Climbs 125%

Illuvium (ILV) was recently mentioned in VanEcks’s report, going over how it’s one of the most likely projects to become a top 25 crypto. This report was published on December 7, 2023, and since then, the price of Illuvium has seen a massive upswing.

With a spike in its value of 125%, Illuvium is one of the top gainers in the crypto market. It formed a golden crossover and will continue this performance, where it could reach the swing mark of $125 soon.

According to the technicals, the ILV crypto instigated a fresh bull move as buyers have attained momentum that could resume the rally in the next sessions. According to the Illuvium price prediction, it can reach $147.72 by the start of Q1 2024.

Meme Moguls (MGLS) to Introduce a P2E Ecosystem for Meme Assets

Meme Moguls (MGLS) is creating a bullish momentum in the market by establishing a unique meme-backed stock exchange. Users can access a Play-to-Earn (P2E) ecosystem built on top of the Ethereum blockchain and learn how to invest and build wealth.

This ecosystem features a Metaverse for immersive staking and mining alongside a Fantasy Trading platform where traders can hone their skills.

All of these aspects give traders ample opportunities to earn the MGLS cryptocurrency as they engage with the enthusiastic community. There will also be a farming program where users can earn by working on the project. The Meme Moguls liquidity pool will also be locked for five years, and the team tokens will be locked for two years. All of these aspects make it one of the best DeFi projects.

Summary

While Axie Infinity and Illuvium are both performing well, Meme Moguls has the potential to grow much further in a much quicker time interval. The MGLS crypto is undergoing Stage 1 of the presale, where it is offered at just $0.0021. Analysts predict a 100x upswing in the first year, which makes it the best cryptocurrency to buy now.

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