NAKA Nears Critical Support Level, Analyst Believes Nakamoto Games Could Breakout Alongside Bitcoin (BTC)

July 1, 2024 at 12:15 PM GST 2 mins read Crypto Live News

The crypto market recovery switch observes many altcoins printing bullish signals.
Nakamoto Games is one of the most bullish altcoins this crypto bull season.
Analyst sees NAKA as a top investment this bull cycle.

As the crypto market seems to be swinging towards recovery and moves in upward directions, Bitcoin (BTC) leads the charge. In its bullish wake, many altcoins are printing massive bullish signals on their price charts. Among the many altcoin from TON, VET, JASMY, WTK, and more, NAKA is also turning bullish.

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In detail, one crypto analyst shares his observations on the Nakamoto Games (NAKA) price chart. No doubt this crypto gaming platform has caught the eye of many seasoned crypto traders and analysts and now it is finally showing bullish signals.

As previously discussed, $NAKA is currently near its support level and getting ready for a breakout. Once $BTC begins its upward Journey, $NAKA will try to follow the same.

I am increasing my investment in $NAKA, as I remain confident it will rank among my top investments in… pic.twitter.com/xY5X48IE1U
— Henry Gray (@CrypCoinMaster) June 30, 2024

Specifically, the trader mentions how NAKA is presently in its support level and is preparing to breakout. The trader says that once Bitcoin (BTC) breaks out, the blockchain gaming altcoin, NAKA, will follow its lead and also begin its steady upward ascend.

So strong is this trader’s conviction in NAKA that he shares that he’s increasing his investment in NAKA. He then goes on to share why NAKA remains one of his top investments in the bull market.

To highlight, the analyst describes NAKA as a web3 gaming project in the crypto space that promoted skill and strategy over luck. Nakamoto Games also has a play-to-earn model that rewards players who exhibit strong strategic thinking and deep gaming knowledge to the table.

Furthermore, games on the platform are fun and straightforward, encouraging new players and gamers to pick up any game with ease thereby boosting delight amongst users. The platform also avoids gambling-centric games instead creating an environment for fun and fairness.

So far, the Nakamoto Games platform has introduced exciting utilities such as rewarding game developers based on players participating in their game, and more. The entity has also announced bullish partnerships with major gaming and tech players across the world.