- Cryptocurrency market is uptrending by 8% during previous 24 hours following days of dark clouds hovering around the market.
- Among the prominent crypto assets in the market, gaming and metaverse tokens like Gala, MANA, STEPN are going up.
- As of now, whole cryptocurrency market has a total market capitalization of $1.26 Trillion, with Bitcoin dominating the market.
Bulls Are Slowly Gaining Traction
These are tough times for the crypto sphere, there is no denying, with hundreds of Billions of dollars’ worth of value vanishing from the face of this space as UST and LUNA shattered — and apparently making the whole market the part of this grind.
But after just some days tagged mostly by declines, cryptocurrency prices are perking as of today. The broader cryptocurrency market was uptrending by 8% over previous 24 hours, with Ethereum and Bitcoin logging robust gains and altcoins such as Solana, Cardano and Avalanche up over 20% each.
Metaverse and Gaming Tokens Are The Real Talk Now
However, it is the metaverse and gaming tokens which are witnessing a sharp surge over the past day, involving a couple of them that have popped up over 40% during the span.
Decentraland (MANA) and Gala Games (GALA) both match the description. GALA surged by over 50%. It was currently trading at the market value of $0.09536. MANA soared by 41%, and was currently trading at the market value of $1.25.
Contending metaverse game The Sandbox token elevated by around 19% during similar time span, and was trading at the market value of $1.36.
GMT, a token associated with “move to earn” mobile running game STEPN, was bullish by around 39%. It was trading at a market value of $1.46.
Enjin token, indigenous token of cryptocurrency gaming organization Enjin, has gained 26%. It was currently exchanging hands at a market price of $1.48.
ApeCoin, the recently launched BAYC native token based on Ethereum, has not logged as drastic an upward pop at 9%. At present it was trading at $8.10 at the press time.
We have to wait whether these gaming tokens as well as the rest can climb up the hill or not after these cruel days.