Bitget Gamefi Zone, recently GameFi examined the increases observed in the sector. It found that the transaction volume in the sector increased by 126% in the last 24 hours, and there was an increase of more than 200% in a week. These increases showed a particularly strong increase on March 10.
According to Bitget’s report, PREMIERECryptocurrencies such as , YGG and PIXEL were the leaders of the weekly increase in the GameFi sector. GALA was seen to increase by 75% in just one week. During the same period, YGG and PIXEL both experienced a 72% increase in their prices. MAVIA and GF increased by 54% and 43% respectively.
On a weekly basis, SHRAP was up 38% and RACA was up 34%. On the other hand, the values of RON, NAKA and BNX increased by 33%, 29% and 28% respectively.
Bitget’s chief research analyst Ryan Lee commented on this rise in the GameFi industry as follows:
The upcoming 2024 Game Developers Conference, an event expected in the coming days, may trigger the increase in the GameFi sector. Over the past weekend, certain tokens from the previous bull market, such as YGG and GMT, gained noticeably in the GameFi sector.
As Koinfinans.com reported, Lee also said, “Before and during the conference, some projects may take advantage of the increased market focus to announce positive developments, which can increase momentum in the GameFi sector.” said.
Bitget’s Lee also noted that technological advances in blockchain are increasing the potential of blockchain games, and mainstream gaming powerhouses will improve the overall quality and playability of these games.
