The value of popular cryptocurrency tokens linked to video games and game chains surged this weekend. Some are at all-time highs, while others are at their highest in years. bitcoin It briefly returned to the $70,000 level.
The GALA token from the Gala ecosystem is the biggest winner of this weekend’s gaming and metaverse coin surge. CoinGecko. It reached nearly $0.085 on Sunday morning and is now up 77% on the week and 230% over the past month.
Gala has been busy lately and long-term holders are waiting for a breakout, but there is no single, clear cause explaining the rapid rise. recent gala GalaSwap launched It is a decentralized exchange (DEX) on its own layer 1 GalaChain network. Sponsored a $1 million hackathon At this month’s Game Developers Conference.
The weekend surge pushed GALA into the top 50 cryptocurrencies by market capitalization, according to CoinGecko. However, the token still remains more than 90% off its all-time high of $0.82 as of November 2021.
Elsewhere, cryptocurrency farming games are booming pixel and the network that runs it, Ethereum Scaler Ronin both made big strides this weekend. The PIXEL token soared to an all-time high of over $0.94 overnight, just a few weeks after the token was launched. The current price is $0.88, up 63% on the week.
PIXEL’s surge comes amid data showing growing interest in the game, with daily active users hitting a new high of over 500,000. and ronin The network’s RON token reached $4.05 overnight, marking its highest price in more than two years.
RON almost surpassed its all-time high of $4.29 in January 2022, but has since fallen to its current price of $3.70. Nonetheless, it was up 24% last week. Another token rising in Pixels orbit is Yield Guild GamesThe YGG token rose 64% this week after being announced as the game’s guild infrastructure partner.
Another notable gaming token that surged to an all-time high overnight is PRIME. NFT card battler parallel. PRIME hit a high of $19.78 on Sunday morning and is up 132% over the past 30 days. The latest pop comes after Parallel. It has been released as a beta version to all players.And after Coinbase, a major cryptocurrency exchange. Announced a prize To attract new users.
BEAM Token beam gaming network It also hit an all-time high of $0.044 on Sunday morning. and immutabilityIMX, the largest gaming token by market capitalization, surged to a two-year high of $3.62 on Saturday.
axi infinitiThe AXS governance token is up 75% in the last 30 days at its current price of $13. illubium‘s ILV token surged to $155 overnight. This is the highest since June 2022. The Rise and Fall of CoinGecko GameFi Token ListYou can make significant profits.
And in many cases, these gains are much higher than those of Bitcoin, the leading cryptocurrency by market capitalization. Bitcoin again Rise above $70,000 After breaching that price range on Sunday. First time on Friday. As of this writing, the price has dropped to just below $69,500. The coin has risen 11% over the past week.
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The views and opinions expressed by the author are for information purposes only and do not constitute financial, investment or other advice.
Edited by Ryan Ozawa.
