As the crypto bull market fever intensifies, the gaming sector is recovering, seeing huge and unexpected price jumps in several tokens. The overall crypto gaming market has rebounded 28% in the last 24 hours and is now valued at $5.71 billion, according to market tracker CoinGecko.
This comes as Bitcoin stabilizes around the $98,000 price range, gaining momentum for a potential price rally to $100,000. Against this backdrop, several tokens across various sectors are showing impressive performance, including in the gaming utility token category. One of the best-performing tokens is market leader The Sandbox ($SAND ). SAND, in particular, is up 59% in the last 24 hours, currently trading at $0.6305. The token has also risen 75% in the last week. Meanwhile, SAND has soared 140% in the last 30 days.
Some analysts are suggesting that SAND could rise in price by up to 800% this season. However, it is noteworthy that the coin is still trading 92% below its all-time high.
