Most of the altcoin market started the new year with optimism. Cryptocurrencies supported by blockchain-based games also accompanied the momentum. The metaverse coin market, in particular, saw an average price increase of more than 100% in January alone. Recent reports show that the blockchain gaming industry is gaining traction again.
Gaming cryptos are making big gains as the crypto winter thaws
According to the data, the combined price increases of the top 10 gaming tokens increased by 102% compared to the previous month’s market cap. The January Gaming Roundup report by Delphi Digital, released Feb. 6, shows that APE and AXS in particular are leading the bull:
The top 10 gaming tokens had a 102% average price increase in January. 🎮📈 pic.twitter.com/D6gf0Gqloe
— Delphi Digital (@Delphi_Digital) February 8, 2023
As the platform tweeted on Feb.
By January 25, the price of the top 10 gaming tokens by market cap has increased by 50% or more, with some even seeing up to 200% growth since the start of the month.
Which metaverse coin projects require close monitoring?
ApeCoin (APE)
ApeCoin (APE) is still posting a substantial 46.26% year-to-date (YTD) gain, even though its roughly 58% gains from Jan 1-25 slowed down and actually reversed last week. Its price is trading at $5.50 at the time of writing. cryptocoin.comAs we have reported, Apecoin will unlock 2.3 billion tokens this year.
Axie Infinity (AXS)
Axie Infinity (AXS) is currently trading at $11.33 and is up 82.11%. Its price has remained largely unchanged since January 25, when it posted an 85.16% YTD price increase, according to data from Delphi Digital.
The Sandbox (SAND)
Meanwhile, metaverse coin Sandbox (SAND), which rose 87.18% through Jan. 25, continued to grow in February, delivering up to 107.63% YTD progress as of the date of publication.
ImmutableX (IMX)
ImmutableX (IMX), the core platform for Gods Unchained, which grew 81.58% between New Year’s Day and January 25, has since recorded even more impressive results in the first week of February. It is currently up 180.43% and is trading at $1.07.
Enjin Coin (ENJ)
As for Enjin Coin (ENJ), the token of social gaming platform Enjin Network, it grew 70.83% in January to $0.51 as of February 9. This level represents an increase of 108.68% compared to the same period of the year. return.
Gala (GALA)
Gala Games’ token, GALA, advanced 182.35% in the first month of 2023. In February, it recorded a 196.16% improvement in YTD. It is currently trading at $0.04809.
Magic (MAGIC)
One of the most impressive gains among the top 10 metaverses was Treasure’s token MAGIC. MAGIC gained 124.48% on January 25, but YTD gains on February 9 were 236.86%.
step (GMT)
Also, STEPN (GMT), announcing a ‘Web3 lifestyle app’ containing GameFi elements on the Solana (SOL) network, grew 134.78% in January, but its rise has been somewhat curtailed in recent days. At the time of writing, GMT is trading at $0.5, up 104.41% since the beginning of the year.
Illuvium (ILV)
Meanwhile, Illuvium (ILV) is up 57.42% in the period Jan 1 – 25 and has accumulated an even higher YTD gain through Feb. 9 as things are changing hands at a gain of 124.4% and $85.41.
Wax (WAXP)
Finally, WAXP, the native token of Web3 gaming platform WAX, witnessed a 76.19% increase. This increase was below the 87.03% YTD growth recorded until February 9, as the WAXP price is currently 0.95.
