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Even though gaming cryptos have the potential to outperform no-utility cryptos, many low-cap ones haven’t done so well this quarter. Exeedme, a blockchain-powered tournament platform, has also experienced a marginal drop in value.
However, the community sentiment around this asset remains bullish. Does this signal bullish days ahead for this cryptocurrency?
Exeedme (XED) Price Action
Since last week, the XED price has only dropped by 0.49%. The gaming crypto has managed to trade around the $0.02 mark and maintain its market capitalization close to $2 million.
However, the XED token has experienced a double-digit decline in the monthly timeframe. Inopportune market conditions and a general lack of interest in this token, besides a drop in interest, have dropped its value by more than 13%.
Exeedme Price History
Exeedme was launched by Nuno Fernancos and Francisco Varela. The XED token initially captured the market’s attention because it successfully rode the bull wave around Bitcoin. That allowed it to reach its all-time high of $1.5 before correction.
The token’s second bull run happened only in that year. However, at that time, it couldn’t cross the $1 threshold and could barely cross the $0.8 mark.
Another round of corrections pushed the XED price further down, and in 2024 it went from $0.08 to $0.02.
Exeedme Price Prediction
Exeedme hasn’t shown much action as of late, but that doesn’t have to do with the platform’s lack of development as much as it has to do with the market’s volatility.
The chart below shows that the gaming crypto scene has been extremely volatile for the past 30 days. Based on that, and some of the developments coming from within Exeedme’s ecosystem, here are its long-term and short-term price predictions.
Short-Term XED Price Action
Tradingview shows that XED’s short-term performance has been bearish.
The XED price has formed a descending channel since May 2024, and it is likely that the same trend will persist until something monumental happens within Exeedme’s ecosystem.
If the token continues down this trend, it may reach $0.007 in the first week of October. The MACD, which is just below the middle, supports this prediction, indicating the continuing lukewarm support for this crypto project.
Long-Term Price Action
To analyze Exeedme’s long-term potential, we must recognize it is a low-cap project. Even though its low price point makes it a suitable asset to buy, the current price action doesn’t inspire much confidence in XED’s future.
While the token did break out and go parabolic in late 2023 and early 2024, that was most likely in response to Bitcoin’s surge. The current price action indicates that it still hasn’t leveraged much of its own fundamentals to establish a unique presence on the market.
Therefore, if Bitcoin rises in 2025, Exeedme will likely also grow. The token can grow more if it can get more people to adopt its offerings. However, its offerings are still limited to the Web2 space.
When the project’s web3 dreams do come to fruition, it may experience an increase, considering it has a well-established audience to tap into already.
What is ExeedMe?
The official description on CoinMarketCap describes Exeedme as a blockchain-powered tournament platform that allows gamers to monetize their skills. Marketed as a P2E ecosystem, Exeedme is said to be a place where gamers can play their favorite titles, challenge opponents, and generate profits.
The official website, however, shows a platform where players can buy and sell CS: Go skins. Users can log in through their Steam accounts and buy or sell the skins they acquired through lootboxes.
This indicates that Exeedme still needs to take many steps forward before we see any development in its blockchain-enabled ecosystem. Thankfully, the site is upfront about this, tweeting its vision in July 2024 about revolutionizing gaming assets.
We’ve just released our latest article: Exeedme’s Strategy to Revolutionize Gaming Assets! 
This article compiles the four parts we’ve published over the last few weeks, detailing our revolutionary approach to gaming assets!
Read more: 
https://t.co/FgTnvAF9hg
— Exeedme (@Exeedme) July 12, 2024
Is Exeedme a Good Investment?
Exeedme is a well-known platform among multiplayer gamers, specifically CS: GO, enthusiasts. To date, there have been more than 160,000 transactions on the platform and more than 5,000 instant payouts. The platform hosts over 70,000 skins, of which more than 10,000 have been sold to over 120,000 customers.
These figures show that the project has already established a foothold in the Web2 gaming market. However, its venture into the blockchain space has yet to show any results. On the bullish side, Exeedme has revealed that it has received a grant of more than $2.4 million from the European Union to build a blockchain protocol to decentralize asset ownership.
This protocol will feature loyalty programs, liquidity and lending pools, rewards games, less trading fees, and governance rights. That does make it a suitable investment. However, a diversified approach is still needed.
Memebet – A Meme Coin Casino with a Massive Appeal
Those looking to enhance their gaming crypto portfolios further should also look into Memebet Token.
Touted as the “first-of-its-kind” asset, Memebet Token ($MEMEBET) powers a Telegram casino that only accepts wagers in terms of meme coins.
This factor bestows two benefits to users. One, being a Telegram casino, Memebet Casino could be a haven for players looking to engage with the crypto gambling space anonymously. Two, the existence of a “meme coin-only” casino means that the ecosystem ups the ante by introducing another layer of volatility to games.
As meme coins are immensely volatile assets, choosing the right one to wager could also become a strategic element to think about. Degens can enhance their gains if they win the games and the price of the token they wagered using increases.
Additional perks come in the form of MEMEBET token, an ERC-20 asset that will allow users to gain access to exclusive perks, which include benefits for high-rollers, as well as access to NFT lootboxes.
Airdrops are another benefits of this ecosystem, which won’t drop rewards randomly but promote engaging with the Memebet Casino. Airdrop eligible will only be those who use Memebet Token to wager on games on the casino. One of the airdrops will happen during the presale, which means the casino elements of the ecosystem will be developed before the presale’s conclusion.
Furthermore, the token is available via a 30-staged presale, which means the earliest adopters may have the most to gain from the ecosystem.
These factors have led experts like 99Bitcoins to recommend Memebet Token as their top 5 meme coins to buy.
To participate in the Memebet Token presale, visit memebettoken.com.
*Cryptonomist did not write the article or test the platform.