Popular Gaming Platform Holds Numerous Meme Coins, Including Shiba Inu (SHIB) and Dogecoin (DOGE)

A well-known gaming platform announced its holdings of meme coins like SHIB, DOGE, PEPE, and BONK, integrating “their unique cultures” into its ecosystem.Meme coins have been crypto’s rock stars during this bull cycle, with multiple individuals and entities entering their ecosystem. The latest to do so is the popular gaming platform – The Sandbox.holding Shiba Inu , Dogecoin , Pepe , Bonk Inu , and more. “We’re thrilled to integrate their unique cultures into our platform,” the platform stated.

Besides hopping on the meme coin bandwagon, The Sandbox touched upon the merits of some of the tokens it added to its portfolio. It described Shiba Inu as a “global phenomenon,” while DOGE. The Sandbox noted that the former employs a mechanism to decrease the total supply over time, labeling it “a deflationary meme coin.” For its part, BONKthe utility they will provideStay tuned for more soon,” the gaming platform concluded.

SAND is among the very few cryptocurrencies that have not witnessed any substantial gains in the past year, a period that sawIn comparison, other gaming coins, including Immutable , Axie Infinity , and Ronin , are well in the green on a yearly scale. On the other hand, some on-chain metrics signal that SAND might head north in the short term. Its Relative Strength Index recently dipped below 20, currentlyat 32. The technical analysis tool identifies oversold or overbought conditions in the market and varies from 0 to 100. A ratio above 70 shows a price correction might be imminent, while its low points indicate a possible buying opportunity.

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.

Source: Gaming Daily Report (gamingdailyreport.net)

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