Most of the altcoin market started the new year with optimism. Cryptocurrencies supported by blockchain-based games also accompanied the momentum. The metaverse coin market, in particular, saw an average price increase of more than 100% in January alone. Recent reports show that the blockchain gaming industry is gaining traction again.
Gaming cryptos are making big gains as the crypto winter thaws
According to the data, the combined price increases of the top 10 gaming tokens increased by 102% compared to the previous month’s market cap. The January Gaming Roundup report by Delphi Digital, released Feb. 6, shows that APE and AXS in particular are leading the bull:
As the platform tweeted on Feb.
By January 25, the price of the top 10 gaming tokens by market cap has increased by 50% or more, with some even seeing up to 200% growth since the start of the month.
Which metaverse coin projects require close monitoring?
ApeCoin (APE)
ApeCoin (APE) is still posting a substantial 46.26% year-to-date (YTD) gain, even though its roughly 58% gains from Jan 1-25 slowed down and actually reversed last week. Its price is trading at $5.50 at the time of writing. cryptocoin.com As we have reported, Apecoin will unlock 2.3 billion tokens this year.
Axie Infinity (AXS)
Axie Infinity (AXS) is currently trading at $11.33 and is up 82.11%. Its price has remained largely unchanged since January 25, when it posted an 85.16% YTD price increase, according to data from Delphi Digital.
The Sandbox (SAND)
Meanwhile, metaverse coin Sandbox (SAND), which rose 87.18% through Jan. 25, continued to grow in February, delivering up to 107.63% YTD progress as of the date of publication.
ImmutableX (IMX)
ImmutableX (IMX), the core platform for Gods Unchained, which grew 81.58% between New Year’s Day and January 25, has since recorded even more impressive results in the first week of February. It is currently up 180.43% and is trading at $1.07.
Enjin Coin (ENJ)
As for Enjin Coin (ENJ), the token of social gaming platform Enjin Network, it grew 70.83% in January to $0.51 as of February 9. This level represents an increase of 108.68% compared to the same period of the year. return.
Gala (GALA)
Gala Games’ token, GALA, advanced 182.35% in the first month of 2023. In February, it recorded a 196.16% improvement in YTD. It is currently trading at $0.04809.
Magic (MAGIC)
One of the most impressive gains among the top 10 metaverses was Treasure’s token MAGIC. MAGIC gained 124.48% on January 25, but YTD gains on February 9 were 236.86%.
step (GMT)
Also, STEPN (GMT), announcing a ‘Web3 lifestyle app’ containing GameFi elements on the Solana (SOL) network, grew 134.78% in January, but its rise has been somewhat curtailed in recent days. At the time of writing, GMT is trading at $0.5, up 104.41% since the beginning of the year.
Illuvium (ILV)
Meanwhile, Illuvium (ILV) is up 57.42% in the period Jan 1 – 25 and has accumulated an even higher YTD gain through Feb. 9 as things are changing hands at a gain of 124.4% and $85.41.
Wax (WAXP)
Finally, WAXP, the native token of Web3 gaming platform WAX, witnessed a 76.19% increase. This increase was below the 87.03% YTD growth recorded until February 9, as the WAXP price is currently 0.95.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram And YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.