The Rise of Gaming Tokens Among Other Blockchain Assets

By Crypto Gloom On Nov 29, 2023

Despite a year of decline, the Web3 landscape is finally looking brighter. In the NFT world, October sales increased by 32%, driven by a respectable $1,136,658.03 (600 ETH). CryptoPunks Trading And an NFT-focused episode of The Simpsons.

Moreover, in the cryptocurrency space, Bitcoin ($BTC) surged today, reaching nearly $38,000, giving early investors back some of the bull market vibes they sorely missed.

$38,000 is the next victim. #Bitcoin pic.twitter.com/usdArYM1td

— BITCOINLFG® (@bitcoinlfgo) November 9, 2023

Nonetheless, the Web3 world goes beyond NFTs and well-known cryptocurrencies such as $BTC. Gaming and Metaverse tokens also play a huge role in the growth trajectory of the blockchain industry.

win game tokens

To contextualize the benefits of GameFi Coin, let’s look at Illuvium. Thanks to the mainstream release of Epic Games, the blockchain game token ($ILV) soared by a whopping 79.5% in just 7 days. It rose 122.6% in the last 30 days, hitting a coin price of $90.43 and a 24-hour trading volume of $77,012,963.

Likewise, ImmutableX ($IMX) also rose significantly by 32.9% last week.Made possible through a groundbreaking partnership with world-renowned video game giant Ubisoft. Today, the token’s 24-hour trading volume is an astonishing $594,694,735. This figure is more than 50% of the coin’s market capitalization of $1,132,601,917.

Additionally, Star Atlas DAO’s token, $POLIS, has been on the rise recently, increasing 20.9% in just 24 hours. Alternatively, the reason for the token’s surge is that it acts as a gateway to governance in a sci-fi metaverse game built on the Solana blockchain network, signaling new developments are taking place.

Another notable blockchain gaming token is $GALA, the native token of Gala Games. This token has risen by 25.5% in the past week. Reasons for the token’s popularity include the recently released playtest version of ‘The Walking Dead: Empires’ on the Gala ecosystem.

Lastly, The Sandbox is on the rise with a 24-hour trading volume of $137,275,405.38. Despite falling -4.8 over the last 24 hours, $SAND is up 5.3% over the past 7 days, with the potential for growth boosted by the recent collaboration between Metaverse and Gucci.

This success demonstrates the dynamism and diversity of blockchain gaming/metaverse tokens and highlights their significant contribution to the ongoing revival of the Web3 space and its promising future beyond NFTs and popular digital coins for financial purposes only.

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