Gaming, NFT, and Metaverse tokens triumph over the broader crypto market this week.
Axie Infinity and Ronin lead the charge, with AXS soaring 10% and RON surging by an impressive 30%.
Decentraland (MANA) and The Sandbox (SAND) also shine, boasting gains of 4% and 20%, respectively, in the past week.
ApeCoin (APE) climbs by a solid 8% over the last seven days.
Noteworthy rises also include Stepn (GMT), Illuvium (ILV), and Treasure (MAGIC) among other gaming, metaverse, and NFT tokens.
In recent days, the crypto market has been quite turbulent, especially around the $38,000 mark. Despite this volatility, certain token classes have shown remarkable resilience.
Gaming, NFT, and Metaverse tokens have emerged as the frontrunners, defying the market's fluctuations. Axie Infinity and Ronin, leading blockchain gaming platforms, have notably surged. Axie Infinity's success in allowing players to collect, breed, and battle NFT-based creatures called Axies has propelled its token, $AXS. Despite a minor dip of 2% in a day, it has soared impressively—up 10% in a week and over 20% in a month. Ronin, its Ethereum sidechain network, has also seen a significant boost, with its native token $RON escalating by 3% daily, marking substantial gains of 30% in a week and a staggering 130% in a month.
Metaverse platforms like Decentraland ($MANA) and The Sandbox ($SAND) have mirrored this upward trend. Despite brief setbacks, Decentraland has surged by 4% in a week and 25% in a month. The Sandbox, despite a challenging November, has managed a 20% rise in the last month.
NFT tokens, particularly ApeCoin of the Bored Ape Yacht Club (BAYC) collection, have showcased their prominence. Despite minor fluctuations, ApeCoin has risen by over 8% in a week, reaching $1.59, and maintains a 17% increase over the month. Other tokens like Stepn (GMT), Illuvium (ILV), and Treasure (MAGIC) have also witnessed notable rises, signaling a broader surge in blockchain gaming, metaverse, and NFT tokens.
These movements might indicate the resurgence of the more exciting aspects of the impending bull run. However, it's crucial to note that cryptocurrencies are highly volatile, and while this information is aimed at being accurate, individual research and decision-making are paramount in such financial endeavors.
Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.