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NFT volumes push GALA, gaming tokens
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
$71,225.00
7.52%$3,674.45
19.60%$7.58
9.23%$598.08
4.14%$186.07
9.29%$3,672.05
19.58%$0.998628
-0.11%$0.536805
5.25%$0.164748
10.33%$6.55
4.49%$0.504673
8.23%$40.23
13.14%$0.00002576
7.80%$71,110.00
7.26%$0.124281
2.65%$517.20
6.31%$17.19
3.72%$8.26
5.84%$9.37
22.18%$0.751489
9.84%$88.53
7.25%$13.56
7.66%$2.44
10.45%$5.97
1.27%$32.33
17.00%$0.00001131
23.42%$3,786.76
18.74%$10.83
7.43%$0.117654
5.93%$9.10
11.95%$2.57
14.47%$3,593.99
18.56%$0.999463
-0.12%$8.93
8.69%$0.12808
4.88%$6.17
11.07%$1.028
8.99%$0.112385
6.38%$0.338344
12.12%$2.91
18.88%$2.13
8.96%$47.12
-2.22%$51.25
4.51%$0.128907
5.75%$1.14
16.74%$3,160.64
13.87%$2.81
10.82%$404.80
10.73%$1.15
11.34%$0.03676076
7.76%$28.27
16.82%$0.910582
7.24%$0.999606
-0.19%$2.48
15.12%$134.80
0.18%$7.27
10.11%$0.00021402
10.68%$4,037.28
18.75%$0.00003061
22.30%$2.08
19.80%$0.04257364
-1.45%$9.65
9.74%$3,772.09
18.83%$1.26
6.98%$0.581727
11.27%$1.86
5.60%$1.14
4.67%$0.18835
7.76%$101.07
6.84%$0.02955618
18.92%$10.06
2.30%$98.42
15.21%$0.95277
9.58%$0.967825
6.87%$70.05
7.70%$6.02
8.14%$1.019
10.46%$0.837304
17.71%$0.00000125
6.11%$2.14
11.03%$16.37
10.61%$0.02833743
5.23%$7.89
11.42%$14.14
9.94%$221.04
9.16%$19.52
3.00%$0.12477
8.86%$41.16
8.50%$5.05
7.26%$8.14
3.77%$0.468115
9.85%$0.00005266
6.76%$0.02108545
-0.97%$0.570426
7.38%$0.02089033
6.66%$10.26
5.93%$0.85248
8.59%$2.27
2.95%$2.99
10.98%$0.986333
7.97%$0.239417
8.96%$2.96
15.10%$0.875635
8.57%$0.838335
9.32%$3,661.83
20.25%$5.95
22.72%$3,688.99
19.00%$43.59
8.80%$351.47
19.06%$1.21
15.06%$0.467198
11.05%$0.01241618
11.66%$220.53
9.00%$0.85837
7.25%$1.30
8.98%$1.45
11.07%$4.74
5.81%$19.78
13.91%$0.699288
5.94%$0.23161
12.51%$0.01690829
10.45%$0.114532
12.23%$3,632.15
18.52%$0.997836
0.44%$2.76
6.90%$12.33
-2.70%$0.466298
21.82%$1.05
8.65%$0.187441
6.93%$3,848.53
19.00%$3,899.43
18.67%$20.87
10.30%$38.70
6.49%$1.022
10.60%$0.096568
9.42%$0.996276
-0.23%$0.00011076
6.70%$0.0000003
6.98%$0.394625
11.69%$2.00
-0.45%$0.335362
12.98%$0.751918
6.63%$93.39
15.02%$2,424.96
0.31%$0.90536
8.58%$2.14
10.98%$0.0056203
2.04%$5.02
9.74%$3,952.20
18.74%$2.60
11.87%$0.463538
10.31%$0.554931
6.41%$17.54
22.10%$0.03682053
1.07%$1.51
2.47%$4.46
2.29%$0.095376
8.23%$1.16
16.86%$1.98
10.49%$1.14
10.34%$1.002
0.17%$0.053783
10.79%$0.02706127
12.19%$0.579662
4.36%$0.907984
11.60%$2.84
11.38%$0.334655
8.36%$0.418849
9.77%$0.04598115
3.71%$0.00942386
13.21%$0.00000048
2.55%$0.45825
6.54%$0.04710966
9.21%$4.79
5.31%$1.13
5.13%$0.23097
9.90%$4.03
22.88%$3,752.24
18.99%$0.274761
-0.83%$1.72
7.81%$0.0246202
8.82%$5.39
6.71%$0.053119
27.85%$0.333699
11.35%$79.02
33.03%$0.03219578
11.56%$2,413.29
0.42%$73.78
19.46%$3.75
9.83%$0.548688
6.36%$4.32
2.15%$0.00743268
5.92%$0.081964
14.57%$0.00237378
9.57%$20.49
12.24%$0.606612
7.29%$1.65
14.39%$59.91
8.68%$3.87
8.16%$3.75
14.69%$0.0011781
5.58%$0.41243
13.45%$0.00717154
5.14%$0.998837
-0.07%$0.543842
2.78%$1,430.73
7.76%$8.36
11.11%$0.255253
8.11%$0.0392836
9.17%$0.817603
4.23%$25.12
8.10%$0.918101
7.15%$0.752386
6.52%$9.32
19.65%$4.64
11.37%$31.07
7.42%$9.96
20.22%$0.03968401
7.04%$0.02929438
5.66%$5.35
7.52%$0.276722
10.88%$3.58
9.80%$0.792708
7.45%$21.16
9.21%$0.524191
21.05%$0.914621
7.20%$47.44
11.18%$32.45
9.29%$0.03303135
4.24%$0.927751
6.00%$33.97
17.32%$0.360319
13.85%$3,883.11
20.80%$0.00406151
7.87%$0.0000008
51.16%$0.00096547
33.49%$79.08
16.48%$45.93
12.61%$2.65
6.14%$117.80
-0.05%$0.370028
12.03%$0.951339
6.38%$0.46142
54.50%$0.327949
8.72%$0.37899
11.46%$3.63
5.08%$3.90
6.21%$0.350621
14.26%So far, it's been a green year for cryptocurrencies.
The broader crypto market capitalization has zoomed 6.7% to $884 billion since the start of the year, according to data from CoinGecko.
Gaming and NFT-related cryptocurrencies, including Gala (GALA), Decentraland (MANA), Apecoin (APE), and The Sandbox (SAND), are no exception and have posted hefty double-digit gains over the past week.
GALA, the native token powering Gala’s crypto gaming ecosystem, is up a whopping 139.8% over the past week and is the leading gainer among the top 100 cryptocurrencies by market capitalization, per data from CoinGecko.
At press time, GALA changes hands for $0.042, up 13% in the last 24 hours, and is the 98th-largest cryptocurrency by market capitalization.
Despite GALA’s raging weekly gains, the gaming crypto is still down 94.8% from its historical all-time high of $0.8248 recorded in November 2021.
According to data from Coinglass, GALA futures positions totaling $31.82 million have been liquidated over the past week.
Of those liquidations, roughly 25% were long positions, with the rest coming from blown-out short trades.
APE, the token underpinning the leading NFT collection Bored Ape Yacht Club and its upcoming metaverse platform Otherside, also gained 23.5% over the past seven days.
As of this writing, APE trades at $4.87, up 4.2% over the past 24 hours, per data from CoinGecko.
According to data from Cryptoslam, Bored Ape Yacht Club (BAYC) NFT trading volume soared 32.38% to $18.061 million, topping the most-traded NFT list over the past week.
Following BAYC is Mutant Ape Yacht Club, another Apecoin-adjacent NFT collection that posted a tremendous 60.75% rise in trading volume to $13.310 million over the same period.
Looking past GALA and APE, other gaming-adjacent crypto projects have also posted serious gains over the last seven days.
MANA, the token behind the metaverse game Decentraland, has risen 29% to $0.40 over the past week, per data from CoinGecko.
The bullish week has been enough to reverse MANA’s monthly losses. On a yearly note, however, MANA is still down 89%.
The Sandbox has also seen its native token SAND gain 26.5% over the same period. At press time SAND trades at around $0.51, dropping 0.5% on the day per data from CoinGecko.
The primary driver behind the upward price action of most of these gaming and NFT-linked tokens is the spike in NFT trading volumes over the past week.
According to data from Cryptoslam, NFT trading volume increased 31.56% to $207.358 million over the past week.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.