The majority of altcoins were on the audience side as investors focused mainly on Bitcoin (BTC) against the backdrop of the banking crisis. However, the upcoming Game Developers Conference (GDC) may be preparing a bombshell week for game coins…
Rally winds could blow for game coins next week
The total earnings of investors who bought Bitcoin in March are around 20%. Ethereum (ETH), Binance Coin (BNB), Phantom (FTM), Cosmos (ATOM), etc. Major altcoins like these are still catching up, as the chart below shows.
The Game Developers Conference (GDC), scheduled to take place between March 20 and 24, could lead to a short-term shift in market trends. The gaming coins industry has a total market capitalization of 12 billion and this volume; Giants like The Sandbox (SAND), ApeCoin (APE), Gala (GALA) and Axie Infinity (AXS) are taking it.
You can see how the performance of gaming coins over the last two weeks compares to Bitcoin in the chart below. The data clearly shows that this category of tokens is receiving a great deal of demand. The upcoming Game Developers Conference (GDC) is the main factor behind the demand…
What is the Game Developers Conference (GDC)? Dates and details of the event
The Game Developers Conference (GDC) is an annual conference of video game developers. The event includes a trade show, networking events, and award shows such as the Game Developers’ Choice Awards and the Indie Games Festival, as well as a variety of training and conferences and roundtables by industry professionals on game-related topics such as programming, design, sound, production.
This year’s Game Developers Conference will take place from March 20 to March 24. The blue-chip gaming coins, which the global event may lead investors to, need to be watched closely.
Here are the gaming coins that investors can focus on in the coming weeks
The Game Developers Conference, which will start this week, will be an event attended by video game developers and followed closely by a wide audience. Some of the blue chip game coins that can reach the trends of the crypto money market during the conference:
- Apecoin (APE)
- Gala Games (GALA)
- step (GMT)
- Decentraland (MANA)
- Axie Infinity (AXS)
- Sandbox
- MAGIC (MAGIC)
🚨 Looking for *all* of our #GDC23 Session Guides? They're right here!
Check out our handy guides in this convenient blog post—and be sure to bookmark this page, as more guides are on the way. #GDC2023 https://t.co/h4UkFXDXZk pic.twitter.com/kgoshE9CcN
— GDC (@Official_GDC) February 3, 2023
The second main reason why altcoins are likely to rise is the sell signal detected in Bitcoin price. As BTC takes a breather and pulls back, profits will likely turn into altcoins, giving them a chance to thrive. While altcoins are likely to rise overall, the gaming category could see a big boost due to GDC.
Latest developments from the blockchain gaming market
Gaming giant Unity announced its partnership with 6 altcoin projects for Web3 developer tools last February. As Kriptokoin.com, we have included the partnership list and details in this article.
53312
