All Gaming Tokens in Top 100 Cryptocurrencies Are in the Green
Following the launch of spot Bitcoin ETFs in the United States, the cryptocurrency market has seen some ups and downs. However, several major gaming tokens are experiencing gains as the broader crypto market shows signs of life.
Ronin (RON) and Beam (BEAM) Leading the Charge
According to CoinGecko, all gaming tokens in the top 100 cryptocurrencies by market cap are currently showing positive growth. Ronin (RON) and Beam (BEAM) are leading the charge.
RON has seen a 10.5% increase in price to $2.31, continuing its recent gains. The Ethereum gaming sidechain network’s native token has experienced a 17.5% increase over the week and over 30% growth in the past 14 days, driven by hype surrounding its game offerings, particularly Pixels.
BEAM has gained 10% in price to $0.0178. The token of the Beam network, operated by the Merit Circle DAO and based on an Avalanche subnet, has been volatile since reaching an all-time high price of $0.0272 on December 14. It is down 17.5% for the week.
Other Notable Coins
Immutable (IMX) has seen a nearly 5% increase today to a price of $1.85 but remains down over 20% in the last 30 days. Gala Games’ GALA token is up 5.1% today to $0.022 but has also experienced a 30%-plus dip over the past month.
The Broader Crypto Market
The overall crypto market has seen a 1.8% increase over the past day. Bitcoin has gained 2.4% and is currently priced at about $39,980, while Ethereum remains nearly flat at $2,230.
Hot Take: Gaming Tokens Show Resilience in Crypto Market
Gaming tokens in the cryptocurrency market are proving their resilience with significant gains, despite the volatility of the broader crypto market. Ronin (RON) and Beam (BEAM) have emerged as top performers, driven by hype and growing interest in their respective gaming ecosystems. While some coins like Immutable (IMX) and Gala Games’ GALA token have experienced recent dips, they are still showing signs of recovery. These positive developments highlight the potential for gaming tokens to carve out a niche within the crypto industry and attract investors looking for unique opportunities in the market.
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