The CEO of Generation Crypto Media Channel, known as Ben GCrypto, tweeted recently. Top ten by market capitalization in this tweet GameFi announced his project. According to him, tokens and NFT support this aspect of the gaming industry, providing an intersection between blockchain gaming and finance.
Top 10 GameFi Projects by Market Capitalization#GameFi is the intersection of blockchain games and finance. The financial aspect of the game are usually powered by tokens and #NFT.$APE $ICP $SAND $AXS $IMX $ENJ $FLOKI $MAGIC $GALA $GMT pic.twitter.com/RfS11j7vsD
NEWS CONTINUES BELOW— Ben GCrypto (@GCryptoBen) February 24, 2023
ApeCointops Ben’s list with a market cap of $2 billion. The price of the project’s native token, APE, has suffered a recent drop, which users attribute to unlocking a token. This decline comes after the APE rose 77.56% in January 2023.
He Knows The Bottom Last Year: Altcoin Forecast From Famous Investor!
Koinfinans.com As we reported, APE dropped to its current price of $5.17 after reaching $6.42 in January. As mentioned above, part of the reason for the drop is the token unlock, another one that should happen in March 2023. Despite the price drop, Ben’s report shows that ApeCoin maintains its leading position in market capitalization among GameFi projects.
Ben’s report reflects that Internet Computer is the second highest-funded GameFi project. It closely follows ApeCoin with a market capitalization of $1.9 billion. Considered a Web3 enabler, like ApeCoin, Internet Computer has shown impressive results since January 2023. The price of the project’s native token, ICP, rose from $3.1 to $8.1 in the first phase of the overall bull run.
ICP price has turned bearish and is trading at $6.2 at the time of this writing. Despite the decline, it remains the second highest-funded GameFi project, according to Ben’s report. ICP’s daily trading volume is over $36 million according to Coinmarketcap, and its circulating token supply is $291.3 million.
sandbox, ranks third with a market capitalization of $1.3 billion, according to Ben’s report. It is one of the most famous GameFi projects in the blockchain industry and has grown over the years through significant adoption and partnerships.
One of The Sandbox’s recent partnerships is an MOU with the government of Saudi Arabia for their future metaverse plans. The partnership will allow both parties to support each other in their metaverse development plans.
Other projects that make up Ben’s roster include Axie Infinity, Immutable X, Enjin Coin, FLOKI, Magic, Gala, and STEPN.