Prominent crypto tokens tied to video games and gaming chains skyrocketed in value this weekend, with some hitting new all-time high prices and others reaching their highest levels in years – all at the same time Bitcoin briefly returned to the $70,000 mark.
The Gala ecosystem’s GALA token is the biggest winner of this weekend’s gaming and Metaverse coin surge. According to data from, the price has increased by 42% in the last 24 hours alone to currently almost $0.08 CoinGecko. Earlier on Sunday it reached almost $0.085 and is now up 77% on the week and 230% over the last month.
There is no single, clear trigger that can explain the sudden increase, although Gala has been busy recently and long-term holders have been waiting for a breakout. gala recently has launched its GalaSwap decentralized exchange (DEX) on its own Layer 1 GalaChain network and is Sponsoring a $1 million hackathon at this month's Game Developers Conference.
The weekend surge pushed GALA into the top 50 cryptocurrencies by market capitalization, according to CoinGecko. However, the token is still over 90% below its all-time high price of $0.82 in November 2021.
Elsewhere, the crypto farming game is booming pixel and the network that operates it, ether Scaler Ronin, both are big this weekend. The PIXEL token rose to a new all-time high of over $0.94 overnight, just weeks after the token's launch. The price is currently at $0.88, up 63% on the week.
PIXEL's surge comes amid data indicating growing interest in the game, with a new high of over 500,000 daily active users. And that Ronin The network's RON token hit $4.05 overnight, marking a more than two-year high price.
RON almost surpassed its all-time high price of $4.29 in January 2022, but the price has since fallen to the current $3.70. Still, it's up 24% in the last week. Another token rising in the Pixel orbit is Yield Guild Games' YGG token, which surged 64% this week after being announced as the game's guild infrastructure partner.
Another notable gaming token that hit a new all-time high overnight was PRIME, the token of NFT Card Fighter Parallel. PRIME peaked at $19.78 early Sunday and is up 132% over the past 30 days. The latest pop comes to Parallel Open to all players in betaand after the major crypto exchange Coinbase a raffle announced to attract new users.
The BEAM token of the Beam Gaming Network Additionally, an all-time high of $0.044 was set early Sunday. And ImmutableIMX – the largest gaming token by market cap – rose to a two-year high of $3.62 on Saturday.
Axie InfinityThe AXS governance token is up 75% in the last 30 days and is currently at $13 IluviumThe ILV token rose to $155 overnight – its highest level since June 2022. Up and down at CoinGecko List of GameFi tokensyou will make significant profits.
And in many cases, these gains are significantly higher than those of Bitcoin, the leading cryptocurrency by market capitalization. Bitcoin again rose to over $70,000 on Sunday after crossing that price point for the For the first time ever on Friday. As of this writing, the price is still just under $69,500 This means the coin has risen by 11% in the last week.
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment or other advice.
Edited by Ryan Ozawa.
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