Game Tokens fell hard before Bitcoin was released

The crypto markets have been bleeding red in recent days, a stumbling block ahead Bitcoin It's currently halving what was expected by the end of Friday – but gaming tokens have taken some of the brunt, with some popular tokens down more than 30% and hitting all-time lows.

The price of BTC has fallen by more than 12% this week, falling to $61,500 after peaking above $71,000 earlier this week. And Ethereum It fell nearly 15 percent last week, currently at just under $3,000.

Many major indicators have marked more significant drops this week Solana falling by 22% and Avalanche It is down 28% in the last seven days. But some gaming tokens are doing worse than that, according to the data CoinGecko.

Gala, the Gala games It is having a tougher week due to its 32% drop to $0.04 at its current price. Immutable (IMX), the most valuable gaming token with a market cap of $2.7 billion, fared slightly better, down 27% to $1.89. But the Ethereum Scaling Network Token has fallen by almost 50% in a month.

Gaming tokens launched this year are among the most hit by the group. Pixels ( PIXEL ) is down 39% in the last week alone to its current price of around $0.40. Xai (XAI) Game Network token dropped 34% to $0.68, and Portal (PORTAL) has fallen 34% to $0.99 in the past seven days. Pixel and Portal tokens both hit all-time lows on Saturday.

But some popular long-term signs aren't doing so well this week. Axie Infinity (AXS) and ApeCoin (APE) both fell 27% this week; The sandbox (SAND) increased by 28%, and Illuvium (ILV) is down 29%.

There is one exception: the GOG token of Guardians, an unchanging mobile fantasy game It will finally be released in May After years of public development, it has risen 69% in the week to its current price of over $0.29.

Last week, Immutable announced an unexpected crossover event from Gods of Card Fighter, which will Start a Guardians Guild-themed expansion.

Edited by Ryan Ozawa.