The crypto gaming space is on a roll, as My DeFi Pet (DPET) token reached its all-time high (ATH) at $2.40, according to CoinGecko.
Read CRYPTONEWSLAND onDPET price recently surged on July 11, although the price increase was not entirely sudden. On July 4, we already saw the charts move from a flat period. It gradually built until July 6, where there was a test at the $1.25 mark before the market fell again.
Come July 11, the price has surged and is now suggesting increased momentum. In fact, at the time of writing, DPET price is $2.01, according to CoinGecko.
DPET Price Analysis
Given the facts at hand, we may see DPET price stabilize at $2. The token may be starting to gather support from crypto traders and gamers who plan to test out MyDeFiPet.
However, the token is not yet available on many exchanges. This may cause difficulties for its adoption. Moreover, the bear market is still in play, so many cryptocurrencies will struggle to gain back their momentum.
Bullish scenario for DPET price is it reaches $2.5. However, that will only happen if the market gives overwhelming support to the bulls. Otherwise, bearish DPET price forecast is from $1.25 to $1.5.
What Is MyDeFiPet?
MyDeFiPet is a blockchain-based game that uses the Binance Smart Chain and cross-chain technology KardiaChain. As the name suggests, the game introduces bizarre pets that players can own, battle with, sell, and breed. In the back-end, these are non-fungible tokens (NFTs), which means each pet is unique.
DPET token is the native token within the platform, which is used to buy pets inside the game. Currently, the game is in its earliest stages, and there may be more use cases for the token.
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