A crypto industry that has grown in popularity recently is challenging the general market correction with explosive rallies in six major altcoins.
Gaming and virtual reality-related altcoins are posting parabolic gains and growth as Bitcoin (BTC) continues to struggle below the $60,000 level.
Virtual world blockchain, the 31st largest crypto asset in the market Decentraland (MEANING), currently up 33 percent in the last 24 hours It is trading at $5.38 and continues its rapid growth that started late last month. At the time of writing, MANA has increased by nearly 600 percent in the last 30 days.
In addition, the metaverse platform, which has increased 137 percent in the last 7 days and 42 percent in the last 24 hours. The Sandbox (SAND) also attracts attention. at the time of writing traded at $7.80 SAND’s acquisitions follow a surprise partnership announcement with sportswear giant Adidas.
Ethereum-based play-to-win platform Premiere (PREMIERE), seems to be one of the top performers at the time of writing. GALA is currently up over 337 percent in the last 7 days and 39 percent in the last 24 hours and is changing hands at $0.51.
A decentralized social gaming platform UFO Gaming (UFO) also joined the bull run in crypto gaming altcoins. The project has created a “Dark Metaverse” on the Ethereum network where users can create their own clan, own virtual land, trade and earn crypto or non-fungible tokens (NFTs).
UFO is up 113 percent in the last 7 days and 357 percent in the last 30 days and is trading at $0.000051 at the time of writing.
A decentralized NFT focused game studio illuvium (ILV) also outperforms most of the market. At the time of writing, Illuvium’s ILV token is trading at $1,423, up 40 percent from last week and 16 percent in the last 24 hours.
Finally, the metaverse game launchpad starlink (STARL) is also participating in the rapid growth of the industry. Although STARL has been on a downtrend for about a week, it has since recovered and the altcoin, which was up 2% from last week, is up over 500% from the last 30 days. STARL is changing hands at $0.000083, up over 23 percent in the last 24 hours.
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.