Ad

Best GameFi tokens to get after fundraising jumped 135% in August

By:
on Sep 14, 2022
Listen
  • DappRadar reported that web3 games and metaverse projects raised $748 million in August.
  • This marked a jump of 135% from July; however, it's a 16% decrease from June.
  • GameFi projects are gaining popularity, and this marks a great point in time to jump into them.

Follow Invezz on Telegram, Twitter, and Google News for instant updates >

STEPN (GMT/USD), Gala (GALA/USD), and Immutable X (IMX/USD) are some of the best GameFi tokens you can invest in throughout September 2022.

Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.

When we look at some of the most recent news in crypto, DappRadar members revealed that Web3 games and Metaverse projects raised $748 million in funds throughout the previous month.

This marked a jump of 135% compared to July, but it is still a decline of 16% compared with June. 

Blockchain gaming collected $3.1 billion in investments last quarter, and in 2022, it has added $6.9 billion in funds. 

Should you buy STEPN (GMT)?

Copy link to section

On September 14, 2022, STEPN (GMT) had a value of $0.66368.

The all-time high of STEPN (GMT) was on April 28, 2022, when it reached a value of $4.11.

When we go over its performance throughout the previous month, on August 16, GMT had a value of $1.1111, marking its highest point.

Its lowest point was on August 29 at a value of $0.6378. Here, we can see a decrease of $0.4733 or 42%.

However, from August 29 to September 14, the cryptocurrency increased in value by $0.02588 or 4%. 

With this in mind, this marks a great point for investors to get into GameFi and buy GMT, as the cryptocurrency can reach $1 by the end of September 2022. 

Should you buy Gala (GALA)?

Copy link to section

On September 14, 2022, Gala (GALA) had a value of $0.04806.

When we go over its all-time high, Gala (GALA) reached a value of $0.824837 on November 26, 2021.

Going over its performance in August, GALA had its highest point of value on August 15 at $0.0716. Its lowest point was on August 29 at $0.04939.

Here we can see a decrease in value by $0.02221 or by 31%.

The $0.04806 price represents a solid value point to buy GALA, as it can increase to $0.07 by the end of September 2022.

Should you buy Immutable X (IMX)?

Copy link to section

On September 14, 2022, Immutable X (IMX) had a value of $0.8095.

Going over its all-time high point of value, Immutable X (IMX) reached $9.52 on November 26, 2021.

Looking at how IMX performed in August, IMX had its highest point of value on August 9 at $1.2572. Its lowest point was on August 29 at $0.7735.

Here, we can see a decrease of $0.4837 or 38%.

From August 29 to September 14, IMX increased by $0.036 or 4%. With this in mind, buying IMX is a solid opportunity as it can climb to $1.1 by the end of September. 2022.

Gala Stepn Crypto Trading Ideas