took the public spotlight and are likely to take more capital inflows in the future. So much so that evenOut of a total $2.63 trillion market cap, including stablecoins, ETH and BTC make 70% of the crypto pie. Year-to-date, Bitcoin and Ethereum are neck and neck, having gained 60% and 62% value, respectively.
To that end, prospective crypto investors should look into these infrastructure cryptocurrencies, which are backed by developers, funding, and clear goals.) is an investor’s exposure to blockchain gaming. While Ethereum is a blockchain network for issuing tokens and smart contracts to power decentralized finance with dApps, it relies on layer 2 networks to scale. Immutable X is one of those networks.
Presently, there are over 300 games in Immutable’s funding ecosystem worth $1 billion over 20 marketplaces. Previously known as Fuel Games, Immutable is the parent company in charge of the Immutable X framework for developers to launch their projects with low friction. Year-to-date, the IMX token has gained 12% value after price correction but 393% over the last year. Given that the Immutable X network is Ethereum-adjacent, the token is likely to revisit previous highs with the prospective launch of ETH ETFs. According to Fortune Business Insights, the blockchain gaming market is forecasted for a 21.8% CAGR between 2023 and 2030.Instead of users having to jump through network hoops with their Web3 wallets, Avalanche itself has a modular design via subnets.
Attesting to Avalanche’s approach to blockchain design, several banks used it to test their future tokenization efforts, including Bank of America, Citi and JPMorgan.
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