The legend of the altseason runs strong in the crypto community. Many have heard stories from oldtimers of the days in which random tokens would shoot up 50% overnight and then just keep going!
And though it seems that those extreme gains are mostly limited to meme tokens these days, many gamers are still holding out hope that their gaming acquisitions will increase in value as well. Fortunately, that day may be here in the not so distant future!
Bitcoin Reaches New All-Time High Price Point
On Tuesday, Bitcoin surged, hitting a new all-time high price point at just over 75K. Since then the price has remained mostly steady, though still on an upwards trend, currently sitting at a price of a just about $76k per Bitcoin.
And though BTC may have hit an all-time high, the same can’t be said for most other tokens. Even Ethereum is still over 40% off of its high time price of $4878. Solana is still down 25%, and BNB 16%. Smaller cap tokens, especially gaming tokens, are in much worse shape. Many of them down 95%+ from their all-time high points!
TONCOIN, only five months old – down 40%. PIXELS, released in March of 2024 and the primary token for one of the most popular games around – down 83%. AXS? 97%. GODS? 98%. GALA? 97%. IMX? 97%! This list could on and on.
Now, to be clear, many tokens have seen a significant increase in value over the last couple of days, many of them by higher percentages than Bitcoin. But the ongoing beating altcoins have taken for the past two years will take more than one day in the green to recover. Especially if you’ve been holding onto those tokens for a while.
That being said, more recently released gaming tokens such as SWORLD from Seedworld are faring much better. SWORLD is up over 138% since its release a few weeks ago!
And the markets do seem to be trending upwards overall. With other gaming token TGEs on the way and many games continuing to expand their ecosystems, now may be a good time to take a closer look at gaming tokens.
In fact, our unique insights at PlayToEarn point towards a period of major growth in the blockchain gaming market in the near future!
PlayToEarn Insights Predict Web3 Gaming Boom
This push to a new all-time high for Bitcoin is a strong indicator that a bulll market is on the horizon. And based on data we’ve collected, we’re expecting to see an exponential growth in the blockchain gaming market about 5-8 months from now, around Q2 of 2025. This blockchain gaming market growth should last into the early months of following year (2026), or perhaps even longer depending on how BTC behaves. We believe that the intense interest in Off the Grid we saw recently is an early signal of the coming bull market for we3 gaming.
Here at PlayToEarn we are very keen on the idea of gamefi / web3 gaming / blockchain gaming / NFT gaming. As so, we track not only the news and announcements, but also the social presence and many other aspects of the web3 gaming scene. To acquire our unique insights into blockchain gaming we have gathered more than 40 million unique data points over the last few years.
And while these data points can aid in providing historical data and predicting trends, why not harness the power of AI to help out? We are currently working to train AI models to help translate these forecasts into market indicators for everyone to use on our website in the future. The indicators will not just make it possible to read the general sentiment and future market expectations – they will also give us insights into every individual game!
More details about this project and how to gain access to these insights will be released in the future.
