Popular crypto tokens tied to video games and gaming chains surged in value this weekend, with some hitting new all-time highs and others reaching their highest levels in years — all while Bitcoin It briefly returned to the $70,000 mark.
Gala Ecosystem's GALA token is the biggest winner in this weekend's gaming and metaverse coin surge, with its price jumping 42% in the last 24 hours to currently hover around $0.08. CoinGecko. It was close to $0.085 earlier on Sunday and is now up 77% for the week and 230% over the past month.
There's no single clear trigger to explain the sudden pump, though Gala has been busy lately and longtime owners have been anticipating a breakup. Gala soon He launched his GalaSwap. Decentralized exchange (DEX) in its own layer-1 GalaChain network, and also Sponsoring a $1 million hackathon Game Developers Conference this month.
The weekend surge pushed GALA into the top 50 cryptocurrencies by market cap, CoinGecko reported. However, the token is down more than 90% from its all-time high of $0.82 since November 2021.
Elsewhere, the growing crypto farming game Pixels and the network that manages it, Ethereum scaler Ronin are both big this weekend. Weeks after its launch, the PIXEL token rose overnight to a new all-time high of $0.94. It now sits at $0.88, up 63% on the week.
PIXEL's increase comes amid growing interest in the game, with more than 500,000 daily active users. and the Ronin The network's RON token reached $4.05 overnight, its highest value in more than two years.
RON was close to hitting its all-time high of $4.29 since January 2022, but the price has now dropped to $3.70. However, it is up 24 percent from last week. It's another token that takes off in the Pixels orbit. Profit Guild GamesThe YGG token surged 64 percent this week after the game team was announced as an infrastructure partner.
Another popular gaming token that rose to a new all-time high overnight was PRIME, the NFT Card fighter Parallel. PRIME hit $19.78 early on Sunday, and is up 132% over the past 30 days. The latest pop comes after the parallel Opened in beta for all players.And after the main crypto exchange Coinbase Award announced To attract new users.
BEAM token Optical game network It also set an all-time high of $0.044 early Sunday. And Immutable‘s IMX—the largest gaming token by market cap—on Saturday hit a two-year high of $3.62.
Axie InfinityAXS management token increased by 75% in the last 30 days, at a price of $13 IlluviumThe ILV token rose to $155 overnight—the highest since June 2022. CoinGecko's up and down List of GameFi symbolsYou will get high profit.
And in many cases, those gains are even higher than Bitcoin, the leading cryptocurrency by market cap. Bitcoin again Raised more than $70,000 After breaking that price point on Sunday For the first time on Friday. As of this writing, it's still under $69,500 The coin has gained 11% in the past week.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and are not financial, investment or other advice.
Edited by Ryan Ozawa.
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