While the overall cryptocurrency market has had a tumultuous week, several gaming altcoins have largely challenged the downtrend.
An Ethereum-based virtual world that allows video game fans to create, own, and monetize their gaming experiences. the of sandbox with local symbol SANDAt the time of writing, it was up over 25 percent to $4.31.
Another cryptocurrency among the green ones even though the market is in the red is the nostalgic fantasy pixel art game with usable NFTs (non-fungible tokens). of DeFi Kingdoms with local symbol JEWEL there is. Despite major corrections in the vast crypto market, JEWEL is currently trading at $7.23, up around 13 percent at the time of writing.
virtual world Decentraland (MANA) continues to upset the downtrend in the overall crypto market. Today, the platform’s native token MANA is up over 10 percent to as high as $3.53.
The new price spikes seen in this sector of crypto follow Facebook’s recent Meta rebranding announcement, which quickly catapulted many metaverse-related cryptos into an uptrend.
Meanwhile, two big players in the crypto world are going through a painful process. Bitcoin (BTC) now located at 57,757, Ethereum (ETH) It has dropped just below the $4,000 mark. Both cryptos are down over 5 percent today.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.