Crypto Gaming Tokens Surge Amidst Bitcoin and Ethereum Boom

Sentiment: Positive

In the dynamic world of blockchain gaming, tokens tied to popular gaming networks are experiencing remarkable surges, fueled by the upward trajectory of Bitcoin and Ethereum. XAI, BEAM, PRIME, and MAVIA have all smashed through their previous all-time highs, capturing the attention of investors and gamers alike.

XAI: Soaring to New Heights in the Arbitrum Universe

The XAI token, affiliated with the Arbitrum-based Xai gaming network, recently soared to $1.39, settling at $1.30. This spike, a 13% increase in 24 hours and a 19% surge in a week, follows its January launch and a generous airdrop to early backers.

BEAM: Merit Circle's Gaming Dynamo on Avalanche

BEAM, the token powering the Avalanche-based Beam gaming network, recorded a 10% uptick, hitting $0.035. Operated by the gaming DAO Merit Circle, BEAM boasts a market cap nearing $1.8 billion, securing its position as the second-largest gaming-centric token, only trailing Immutable (IMX).

PRIME: The NFT Trading Card Game Making Waves

In the realm of NFT trading card games, PRIME achieved an all-time high of $14.84, subsequently settling at $13. This surge aligns with the launch of a new season and the anticipation surrounding an open beta release.

MAVIA: Mobile Strategy Triumph with a Remarkable Surge

MAVIA, the token linked to the mobile strategy game Heroes of Mavia, reached a peak of $10.59 before retracing to $8.50. Despite the dip, MAVIA has witnessed a phenomenal 370% surge since its launch three weeks ago, backed by an impressive 2 million downloads and 278,000 daily active users.

Comparative Insight: Newcomers vs. Veterans

While these tokens are relatively new compared to stalwarts like IMX, SAND, APE, and GALA, the latter group has also experienced substantial growth. This surge might be attributed to the introduction of PIXEL, the token associated with Ronin Network's farming game Pixels, which has soared by 24%, boasting a market cap of $821 million.

In conclusion, the recent upswing in gaming tokens underlines the burgeoning interest and investments pouring into the play-to-earn gaming domain. While the long-term sustainability of these tokens remains uncertain, their current momentum showcases the potential of blockchain technology in revolutionizing the gaming industry.

Key Points:

  • XAI, BEAM, PRIME, and MAVIA tokens surge to new all-time highs.

  • Established tokens like IMX, SAND, APE, and GALA also experiencing significant growth.

  • PIXEL, the token of Ronin Network's Pixels game, surges 24%.

  • Play-to-earn gaming space witnessing increased interest and investment.

About the Author

Ex-crypto miner and crypto enthusiast since 2019.

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