
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.
$107,471.00
-0.06%$2,469.41
1.42%$2.20
0.75%$656.14
1.12%$157.09
4.63%$0.999903
0.01%$0.279331
1.17%$0.16473
0.38%$2,470.47
1.51%$0.567797
2.04%$107,408.00
0.03%$40.17
4.54%$515.20
5.14%$2,976.50
1.32%$2.80
-0.43%$13.32
0.35%$9.11
-0.59%$17.94
0.38%$0.235382
-0.82%$2.95
2.85%$0.999921
0.00%$0.00001147
-0.61%$2,472.60
1.58%$85.90
-0.63%$44.70
-5.17%$2,640.25
1.30%$0.149772
1.58%$0.999458
-0.07%$318.00
3.49%$1.00
-0.02%$4.52
-1.95%$3.39
-0.38%$107,495.00
0.01%$7.16
0.05%$273.60
0.80%$0.00000986
2.72%$0.51081
-2.16%$1.18
-0.00%$4.84
1.03%$50.01
0.11%$336.14
-1.05%$1.00
0.00%$190.33
4.47%$2.15
1.43%$4.92
1.18%$16.59
0.94%$0.080505
-0.12%$0.76941
1.25%$1.057
0.02%$1.00
0.03%$0.075945
0.58%$24.55
-11.21%$0.584762
-4.55%$4.41
-0.03%$4.10
2.50%$15.34
-0.31%$0.02111528
1.41%$8.95
-0.90%$0.674653
-0.54%$0.080371
-1.53%$0.341936
4.04%$0.187096
5.39%$107,255.00
-0.18%$3.22
0.20%$0.293547
-2.05%$0.267763
1.22%$107.60
-1.15%$0.180196
0.86%$2.29
1.27%$4.54
1.82%$0.901739
1.20%$2,471.52
1.53%$0.998395
0.04%$0.999811
0.00%$166.07
4.47%$11.15
0.45%$0.465058
3.11%$0.999169
-0.09%$1.22
0.85%$1.28
0.86%$2,815.25
1.51%$0.01722696
-0.06%$1.15
0.37%$0.00001475
1.42%$2,588.78
1.60%$10.84
1.12%$1.00
-0.01%$0.660445
-0.49%$0.313774
0.04%$0.571552
3.25%$0.999623
-0.00%$1.51
-2.25%$1.39
-3.16%$0.999295
-0.01%$0.058266
-1.73%$2,642.94
1.54%$0.1587
-6.42%$2,595.59
1.62%$3,303.13
0.58%$107,316.00
-0.13%$1.11
0.04%$0.01443155
4.02%$655.99
1.12%$107,550.00
0.03%$0.862972
3.87%$0.085081
1.77%$0.444561
3.50%$107,166.00
-1.74%$2.89
-5.92%$2,597.29
1.51%$2.40
6.33%$3,293.78
0.61%$175.69
4.43%$0.494927
0.36%$204.54
4.61%$2.31
2.34%$0.00007517
1.51%$111.60
0.00%$2,669.26
1.55%$0.833023
8.33%$0.507814
-0.33%$0.68433
2.46%$0.998337
-0.00%$0.747429
3.77%$2,475.44
1.66%$0.01422916
2.42%$1.091
0.20%$0.01308413
-0.50%$39.14
-1.07%$18.86
1.80%$106,924.00
0.23%$0.159822
2.20%$39.98
4.29%$0.104988
6.99%$0.00000061
2.01%$0.557785
-6.09%$0.997476
-0.01%$0.2394
1.19%$0.220835
-0.09%$3.54
-0.51%$2.14
0.99%$0.00867797
-0.99%$0.536292
1.05%$107,280.00
0.22%$0.414786
5.38%$2,471.82
1.57%$2,473.64
1.59%$26.44
-14.10%$0.329546
1.19%$2,642.80
1.50%$0.51873
0.01%$2,571.59
1.24%$107,474.00
-0.05%$0.01483926
-1.04%$2,472.71
1.55%$0.999032
0.02%$0.614002
2.44%$0.999786
0.03%$0.251528
0.80%$40.19
4.88%$1.35
1.63%$1.00
0.01%$0.172736
-4.93%$0.999903
0.01%$0.061157
1.00%$0.00000044
0.87%$0.399427
-0.40%$0.04345925
3.67%$7.53
-8.17%$2.33
1.83%$1.37
0.19%$0.164599
0.57%$1.001
0.07%$0.00416615
0.87%$44.74
-1.17%$1.091
0.00%$1.005
0.67%$0.00000102
10.86%$0.117765
3.25%$1.63
4.72%$0.00675102
-1.59%$0.521419
3.89%$5.48
-0.15%$13.57
1.30%$0.075037
2.93%$2,623.75
1.30%$0.182385
1.39%$2,458.74
1.04%$1.002
0.02%$2.23
-0.63%$0.311188
-1.48%$0.00399763
2.22%$0.00001841
-1.14%$0.963348
4.37%$1.16
5.72%$0.356501
1.43%$0.493749
0.32%$0.345147
-9.30%$0.1381
0.48%$2,723.95
1.50%$5.24
1.71%$0.03522003
-0.05%$170.67
4.23%$0.072956
-3.08%$1.00
0.02%$0.03413961
1.60%$0.04757321
1.61%$107,399.00
-0.02%$20.17
-0.18%$107,496.00
0.09%$0.330478
-0.90%$2,703.85
1.53%$1.00
0.03%$1.12
-3.99%$2,469.95
1.58%$0.01636031
-0.53%$0.998836
-0.03%$1.00
0.22%$0.00005613
0.92%$10.21
-0.06%$0.305931
1.19%$0.663799
-0.03%$2,462.44
1.28%$0.00000146
-0.22%$0.00566662
1.43%$0.446115
2.31%$110.51
1.62%$0.696957
1.47%$107,374.00
0.13%$0.02912576
-0.59%$0.00330344
-4.61%$1.048
-2.23%$0.0033563
-0.14%$17.94
0.35%$1.001
0.03%$0.688326
-0.89%$101,883.00
3.41%$0.186844
5.12%$1.018
-0.04%$1.22
0.27%$2,159.29
0.01%$0.58776
0.24%$6.30
-3.30%$1.62
0.65%$0.00371167
0.68%$176.35
4.47%$14.93
1.78%$20.31
1.87%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.