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Demand for GameFi is increasing: Theta Network (THETA) is on the move!
With the inclusion of game projects in the airdrop frenzy, the rise of altcoins on the GameFi side attracted attention.
Game projects that did not miss the airdrop trend reminded themselves again in the cryptocurrency market. GameFi, which has been in the background for a while compared to other trends, has started to attract demand with various airdrops for game enthusiasts. Theta Network (THETA), one of the first cryptocurrencies that comes to mind when GameFi is mentioned, managed to enter the "Top Rising" list with its 11.79 percent increase in the last 24 hours.
GameFi, which came to the fore with the wind of airdrop, came to the fore with the sharp rise of THETA. THETA, one of GameFi's leading cryptocurrencies, broke out from a critical support zone. The popular coin, which rose from $0.957 to $1.50 in just three weeks, delighted both its investors and gamers.
THETA, which changed hands at $ 1.45 as of the writing of the news, may make a move towards $ 1,549 - 1,711 - 1,942 and $ 2,274, respectively, if the demand for GameFi increases or ETH makes weekly closings above $ 3100. In this process, news from the gaming world will also play a critical role.
Situations such as different trends getting ahead of GameFi or ETH's superiority over BTC ending will naturally pull THETA to lower levels. In such a scenario, there may be withdrawals to 1.189 – 0.957 – 0.85 and 0.707 dollars, respectively. Additionally, sales pressure will increase if the green box is lost.