Nakamoto Games Recognized by Binance Research, Will this Trigger NAKA’s Price Growth?

July 1, 2024 at 07:30 PM GST 2 mins read News

Nakamoto Games has been recognized by Binance Research.
The project may launch its native token, NAKA, cloud list on Binance to expand accessibility.
Analysts anticipate NAKA’s surge alongside BTC, fueled by growing recognition and strategic moves.

Nakamoto Games, the pioneering play-to-earn gaming ecosystem, has been recognized by Binance Research. This recognition stems from Nakamoto Games’ remarkable growth potential and its unique position in the blockchain gaming industry.

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Nakamoto Games on the BNB Chain

Nakamoto Games’ native token, NAKA, was launched in 2021. This strategic move was part of a broader plan to release NAKA on multiple chains, expanding its reach and accessibility.

Nakamoto Games is growing fast and @Binance has recognized their efforts to lead in the #GameFi space 🏆 $NAKA is excited to be highlighted as a top gaming studio by @BinanceResearch 🔥

It's easy to see that $NAKA will be listed on Binance and eventually on all Tier 1… https://t.co/9rQ63DxsaT
— Erwin (@CryptoErwinNL) June 30, 2024

The platform provides secure cross-chain bridge services for NAKA on the BNB Chain by partnering with ChainPort. BNB Chain, backed by Binance, has emerged as a preferred solution for numerous blockchain projects worldwide.

BNB Chain’s deep liquidity and popularity, through PancakeSwap, make it an attractive environment for tokens seeking exposure. With over 150 million unique addresses on BNB Chain and three million active users on PancakeSwap, Nakamoto Games can tap into a vast audience.

Analysts Predict NAKA’s Price Growth

As Nakamoto Games gains recognition and expands its reach, analysts predict that NAKA could rally alongside BTC. The crypto market’s overall sentiment plays a crucial role, and Bitcoin (BTC) often sets the tone.

A breakout in BTC injects capital into the entire crypto market. As Bitcoin rallies, altcoins like NAKA benefit from increased liquidity. This phenomenon could fuel a Q3 altcoins hype cycle.

Meanwhile, the price of Bitcoin has broken out of its 22-day downtrend channel. Historical patterns suggest that such price moves precede significant breakouts.

Additionally, Bitcoin tends to lift other coins when it enters a parabolic phase. In this phase, Bitcoin undergoes significant upward spikes. marked by a parabolic ascent.

Considering NAKA’s growing recognition and strategic moves, analysts predict the token could surge to new heights alongside BTC. Meanwhile, Nakamoto Games’ recognition by Binance Research could fuel NAKA’s price growth.