New crypto sector could lead to large market rally, says partner of largest digital asset investing firm

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Spartan Black, a partner of the Singapore-based Spartan Group, a blockchain investment and advisory firm, believes that an emerging crypto sector could trigger a large market rally provided Bitcoin can once again be traded at- above $ 40,000.

Spartan Black tells his nearly 30,000 Twitter followers that decentralized gaming tokens are about to be sent out after seeing impressive growth over the past year.

Investor highlights the popularity of decentralized gaming projects such as Axie Infinity (AXS) and Sandbox (SAND), which he says are growing at an impressive rate, just as Decentralized Finance (DeFi) assets have it. did last summer when the whole industry exploded as people. researched decentralized lending, borrowing and staking options.

“DeFi Summer 2.0 is rapidly evolving into Gaming Summer. Crypto games like Axie infinity and Sandbox are seeing adoption measures reminiscent of DeFi TVL’s growth a year ago.

AXS is the governance token for Axie Infinity, a virtual trading and fighting game where players breed token-based creatures called Axies that can be collected and traded as non-fungible tokens (NFTs).

The Sandbox is a virtual world where players create, own, and interact, monetizing their in-game items and experiences on the Ethereum blockchain using NFT and the main SAND utility token.

This month, Axie Infinity announced that it is seeing 350,000 users per day, and The Sandbox claims it has now reached one million monthly active users.

Spartan Black argues that if Bitcoin can win $ 40,000, then AXS and SAND, as well as gaming and social media oriented Flow (FLOW), will see strong rallies.

“BTC $ 40,000 is the key level that most traders look at. If we break that level, the bull market is back and a ton of capital will pile up. In the meantime, all attention is on AXS, SAND and to a lesser extent FLOW.

Spartan Black notes that many large crypto funds are underexposed to gambling tokens and decentralized social media.

In addition, most crypto funds have little or no exposure to this category and they will need to add exposure, again among a relatively small group of assets. This will inflate the valuation of those assets beyond that. from what we saw during the DeFi summer. ”

Spartan Black predicts that as these funds begin to invest in gaming assets and larger crypto exchanges such as Coinbase list them on their platforms, this token class could skyrocket further.

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