January 10, 2025
Cryptocurrency News

Play Network Price Surges By Over 100%: These Cryptos Could Deliver 20x Gains (BNB Chain, ADA, and SEI)

The PLAY Network, a groundbreaking Layer 0 protocol, has gained attention for its role in integrating blockchain and artificial intelligence with traditional gaming. PLAY aims to revolutionize the gaming industry by enabling seamless blockchain integration across games, platforms, and chains. This vision aligns with its goal of bringing 3 billion gamers on-chain and embedding 3 trillion AI agents into gameplay.

PLAY Network price chart. Source: Bravenewcoin

PLAY has gone up over 100% in the last week and is now at $0.09987 as of 8th Jan 2025. Despite the surge, it’s still 9% below its all-time high of $0.09112 on 22nd Dec 2024. The current momentum is a bullish breakout from a consolidation phase and has strong support at $0.0976.

PLAY Technical chart. Source: TradingView

If PLAY breaks above $0.1057, expect more upside in the short term. If it is rejected at this level, expect profit-taking and a test of $0.0674.

The PLAY token has grown significantly, with a market cap of $28 million on 3rd Jan to $65 million today. Smart money investors are getting in as they see the potential in the AI and gaming meta. Despite the growth, the PLAY market cap is still below $100 million, so there is plenty of room to grow.

Key features that make it appealing are a fair launch to ensure transparency and equal access, an initial DEX listing to prioritize the on-chain community, low FDV at TGE to reward early adopters, and strategic top CEX listings in March to increase liquidity and visibility.

PLAY makes sense for alt coin traders, it is well-positioned to capitalize on the growing investor interest in the intersection of gaming, blockchain, and AI. Consider PLAY is a strong potential trade, or portfolio hold.

One of the Play Games, Rock Crawling, Source: Play

BNB Chain: Ready To Moon 20x

The BNB Chain, native to Binance—the biggest exchange in the world—still rules the market. Famous for its robust DeFi ecosystem, NFTs, and dApps, BNB Chain ensures scalability and stability for developers and users.

Technically BNB is in the pre-breakout phase, trading at $695.1 within an established ascending channel. MACD is slightly bearish, RSI is 47.86 neutral, support at $695, and resistance around $720.

BNB coin technical chart. Source: TradingView

Bhutan just announced that it will include BNB in its strategic cryptocurrency reserves. This is a big vote of confidence in BNB’s long-term viability. BNB is one of the few digital assets, along with Bitcoin and Ethereum, to be recognized by a government for reserve status.

BNB Chain is shifting its strategy to become an AI blockchain and that’s a big deal. Its layered architecture supports AI dApps, decentralized data storage and many more, that is attracting devs and institutional investors.

Community is also a big focus for BNB Chain, with initiatives like the December Meme Coin competition to keep the community active and sentiment positive.

Why BNB chain will moon: Strong ecosystem: BNB supports many applications, so it’s a versatile blockchain. Continuous improvement: Upgrades are ongoing to increase scalability and interoperability. Stable investment: Proven track record and market adoption, BNB is a steady earner. Reserve asset: When other companies and nation states follow Bhutan’s lead and add BNB to their reserves, the world will notice.

BNB is trading at $240. Analysts suggest it can go to $5,980 in 2025, which is 20x if it follows its historical pattern. In 2021 Binance Coin (BNB) went up 744% after the Bitcoin halving, just like other cryptocurrencies.

Current market and ecosystem trends suggest it can happen again. Predictions are setting a price target of $5,980 for BNB in 2025. That’s a massive increase, and the market cap will be challenging the top of the crypto market. Traders should take note.

Cardano (ADA): Setting The Stage For A Bull Run

Cardano’s journey through 2024 was marked by volatility, with significant highs and lows. However, its November rally saw ADA climb 300% to reach $1.32, a yearly high. Although it experienced a 40% correction shortly after, the token started 2025 on a positive note, recovering near $1.00 as of January 7.

ADA monthly price action. Source: Bravenewcoin

Data from BNC places Cardano’s market cap above $50 billion, though its Total Value Locked (TVL) remains below $1 billion. This gap suggests room for further DeFi adoption, which can boost on-chain activity and drive price growth. Reduced volatility during the recent consolidation phase indicates a stable market structure. Support around $1.056 and $1.118 has held firm, reassuring traders of ongoing bullish momentum.

Key developments supporting ADA’s growth Wave count analysis: Many analysts believe ADA has entered a fifth wave, with price targets between $1.68 and $2. Breaking $1.25 might fuel an 82% jump toward $2. Growing on-chain activity: Nearly 10,000 new ADA wallets surfaced in four weeks, aligned with reports of a crypto-friendly incoming administration. Regulatory outlook: An SEC policy shift could benefit ADA, especially if new leadership eases prior views on unregistered securities. Network expansion: Cardano plans to integrate Bitcoin DeFi tools by May 2025, aiming to boost on-chain utility for decentralized finance. Potential for bigger moves: analysis from historical data suggests ADA reached the 2.618 Fibonacci extension during past bull runs, raising hopes for another expansion cycle toward $7.80. Leadership: Charles Hoskinson, the founder of Cardano, has predicted that decentralized finance (DeFi) on the Bitcoin network will overtake all other crypto ecosystems in the next two to three years. He points to Bitcoin’s unmatched scale and liquidity as the driving forces behind this anticipated growth.

In a recent YouTube video, Hoskinson envisions a future where Bitcoin’s DeFi layer could transform it into the internet’s dominant store of value. He proposes bridging Bitcoin to a wrapped token on the Cardano network, which would allow Bitcoin holders to participate in DeFi activities, such as trading on decentralized exchanges and using yield-bearing instruments, while maintaining control of their private keys.

The partnership between Cardano and BitcoinOS, which introduced the Grail Bridge, highlights this new direction. The zero-knowledge interoperability protocol allows Bitcoin users to seamlessly interact with other blockchain networks, facilitating the development of DeFi applications secured by Bitcoin.

Hoskinson’s bold vision for ADA and BTC suggests that Bitcoin’s integration with DeFi could reshape the crypto landscape, positioning Bitcoin as the core hub for decentralized financial services.

If ADA breaks the $1.25 resistance, it could trigger a rally to $2, representing an 82% increase. The potential for Cardano’s recovery, coupled with its innovative technology, positions it as a strong candidate for substantial gains.

Sei (SEI): SEI Could Hit $2.5 Mark In Q1 2025

Sei Network is a Layer 1 blockchain specializing in decentralized exchanges (DEXs). Its focus on high-speed, scalable solutions has made it a preferred platform for DEXs, NFTs, and gaming applications. With a current price of $0.42, Sei offers significant growth potential as decentralized finance (DeFi) continues to expand.

SEI monthly price action. Source: Bravenewcoin

Sei’s competitive advantages: High throughput: Sei’s consensus mechanism supports rapid transactions with a finality of 380 milliseconds. Customizable features: Developers can tailor Sei’s platform to specific project needs, enhancing usability. DeFi focus: As DeFi drives the next bull run, Sei’s specialization in DEXs ensures its relevance.

SEI’s Twin-Turbo consensus mechanism accelerates transaction validation giving it a competitive edge with sub-second finality, which is critical for DEXs that need fast and reliable transaction processing. This technical capability can handle up to 20,000 transactions per second without sacrificing volume.

Recent moves have strengthened SEI’s position in the market. The platform has launched depositary services for Luxembourg’s alternative investment funds, which is a big expansion; assets under management have gone from $17 billion in 2018 to $100 billion in 2024. This service adds to SEI’s fund administration offerings and makes it more attractive to global fund managers.

Market projections have SEI reaching $2.5 in the first quarter of 2025. SEI’s financials are looking good, with predictions of $0.50 by mid-2025. This is based on SEI’s solid infrastructure and ability to attract a wide range of use cases.

We interviewed the co-founder of Sei Network on the Brave New Coin podcast. Listen to Jay Jog co-founder and engineering lead for Sei Network, the L1 blockchain with a built-in orderbook. Jay explains that most layer 1s fall into a barbell distribution: two extremes with general-purpose chains on one end (Ethereum, Solana) and app-specific chains on the other (dYdX, Osmosis). He says that Sei unlocks a new design space between the two—not general-purpose nor app-specific, but DeFi-specific, which enables Sei to create an environment custom-built for DeFi applications.

Sei features a built-in order matching engine, frontrunning protection, and the fastest finality of any chain (600 ms) currently in market. The combination of these optimizations make it possible for new types of financial products to emerge — everything ranging from live sports betting to complex options and futures. It’s a great podcast that also discusses science fiction and simulation theory. Listen to it here.

Why These CryptoCurrencies Could Popup As Big Winners

As PLAY, BNB Chain, ADA, and Sei continue to develop their ecosystems, they offer investors opportunities for substantial returns. PLAY’s integration of blockchain with gaming, BNB’s market dominance, ADA’s bullish recovery, and Sei’s focus on DEX innovation highlight their unique strengths. Traders and investors should closely monitor these projects, as their potential to deliver exponential gains in 2025 remains compelling.