- The crypto gaming market surged 24% within the final 24 hours and is now valued at $5.51 billion.
- Sandbox (SAND) is main the cost with a 59% improve as we speak.
- Different gaming tokens like Axie Infinity (AXS) and ApeCoin (APE) are additionally exhibiting vital positive aspects, though they continue to be down from their all-time highs.
As cryptocurrency bull market fever intensifies, the gaming sector is rebounding, seeing large and surprising rebounds within the costs of a number of tokens. Over the previous 24 hours, the general crypto gaming market has seen a 28% return, with the market now valued at $5.71 billion, in accordance with knowledge from market tracker CoinGecko.
This comes as Bitcoin stabilizes across the $98,000 worth vary, gaining momentum for a possible worth of $100,000. Amidst this, a number of tokens throughout numerous sectors are performing spectacularly, together with these within the gaming utility token class.
Among the finest performing tokens is the market chief, The Sandbox (SAND). Particularly, SAND surged 59% within the final 24 hours and is now buying and selling at $0.6305. The token can be up 75% over the previous week. In the meantime, over the previous 30 days, SAND has soared 140%.
Some analysts have speculated that SAND may see its costs rise as a lot as 800% this season. Nonetheless, it’s price noting that the coin continues to be buying and selling 92% under its all-time excessive.
Different Excessive-Performing Gaming Tokens
Shut behind is Axie Infinity (AXS), which noticed a 22% acquire prior to now 24 hours. This efficiency brings AXS' weekly acquire to a cumulative 40%, with the token now buying and selling at $8. Nonetheless, at its present worth, AXS is down 13% 12 months thus far.
Likewise, ApeCoin (APE) noticed a ten% acquire as we speak, buying and selling at $1.34. Over the previous week, the token has elevated by 20%. Nonetheless, APE continues to be down 20% from its increased worth in January. Moreover, it stays down 95% from its all-time excessive regardless of the present bull market.
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