
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.
$82,588.00
-3.07%$1,791.58
-6.15%$2.02
-5.46%$587.89
-3.62%$118.54
-6.58%$0.999904
0.00%$0.163353
-6.12%$0.639153
-5.84%$0.232876
-1.82%$1,790.57
-6.19%$82,408.00
-3.16%$3.82
-5.88%$9.38
1.13%$12.89
-8.49%$0.999889
-0.02%$0.256094
-5.81%$2,145.48
-6.56%$17.89
-9.02%$2.27
-5.84%$0.00001203
-5.26%$0.160053
-6.04%$81.39
-3.81%$6.28
-0.21%$3.94
-5.50%$293.57
-4.97%$4.47
-3.40%$0.999729
-0.02%$0.998324
-0.17%$1,793.57
-6.02%$0.654847
-7.28%$1,908.11
-5.99%$12.11
-8.73%$27.60
-1.92%$213.67
-2.03%$5.81
-7.39%$5.07
-6.42%$1.046
0.01%$0.00000699
-9.13%$2.42
-8.65%$47.21
-2.42%$34.30
-0.11%$82,539.00
-3.08%$22.29
-2.76%$0.774635
-3.20%$0.094437
-9.27%$0.97873
-1.96%$0.782679
-5.15%$16.01
-5.35%$5.01
-7.70%$1.17
0.00%$150.65
-9.61%$1.00
0.00%$4.17
-4.94%$0.02141409
-8.85%$9.11
-12.24%$209.89
-9.25%$0.337177
-8.92%$82,159.00
-3.90%$4.03
0.27%$2.67
-6.07%$3.28
-11.56%$2.91
-7.93%$0.062358
-8.79%$0.184372
-8.28%$0.175486
-7.44%$0.462628
-8.63%$0.305168
-8.58%$10.67
-2.20%$82,317.00
-2.96%$0.79869
15.61%$0.706755
-6.60%$4.35
-5.11%$0.427699
-8.71%$1,291.87
-7.10%$1,790.44
-6.05%$0.375606
-11.98%$1,863.93
-6.26%$1.036
-4.52%$0.064979
-6.03%$0.999208
-0.03%$123.60
-6.57%$65.57
-6.43%$0.374286
-9.66%$2,024.85
-6.20%$0.716164
-11.22%$0.997701
0.00%$0.571487
-7.45%$0.476932
-9.43%$0.998963
-0.04%$0.00001091
-13.20%$14.46
6.34%$0.999462
-0.06%$8.26
-8.23%$0.01297349
-4.95%$0.162456
-7.75%$3,166.94
1.01%$0.081633
-9.05%$0.768019
-8.14%$82,027.00
-2.26%$1.00
0.02%$0.810846
-9.68%$587.86
-3.46%$1,906.18
-5.97%$6.49
-9.42%$3,167.27
1.06%$0.650071
-1.88%$0.537075
-1.59%$82,513.00
-2.84%$2.09
-8.59%$0.999865
-0.06%$0.484672
-10.01%$0.01430285
-9.95%$1.00
0.01%$0.00000063
-4.78%$0.255357
-7.26%$38.77
-4.83%$30.49
-5.51%$0.102267
-2.13%$0.161282
-7.46%$0.367309
-5.46%$151.88
-6.29%$1.91
6.15%$1,866.91
-6.15%$1.80
-5.71%$0.00005474
-8.59%$0.999848
0.02%$130.65
-6.13%$6.55
-9.31%$15.05
-8.14%$2.78
-9.62%$0.997178
-0.05%$0.13312
-8.03%$0.00991126
-11.64%$0.47897
-2.06%$2.94
-2.24%$0.068655
-4.49%$81,311.00
-3.55%$0.999554
-0.06%$0.999778
-0.00%$1.69
-7.60%$0.590305
-9.18%$27.17
-0.70%$0.233109
-8.43%$2.69
-9.72%$0.997882
-0.23%$1,905.91
-5.82%$15.17
-8.16%$0.00000043
-1.38%$82,411.00
-3.02%$0.419589
-19.34%$0.162719
-6.19%$0.670866
-7.11%$0.382795
-0.93%$0.0044579
-11.48%$81,991.00
-3.71%$1.002
-0.05%$0.437238
-16.05%$110.54
0.01%$1,792.77
-6.07%$0.079153
-3.40%$1.047
-3.03%$0.135172
-9.79%$1.12
-6.13%$1,793.21
-6.08%$43.72
-1.73%$1,790.64
-6.03%$1.11
0.15%$0.04000843
-8.49%$0.00001905
-4.37%$0.3728
-11.85%$82,346.00
-3.21%$1,870.69
-6.11%$5.56
-12.01%$0.540679
-9.76%$0.999154
-0.00%$1.003
0.12%$0.427988
-10.53%$0.169962
-5.79%$0.00000165
-1.78%$0.807488
-6.05%$0.00590413
-9.24%$0.00625451
-9.98%$1,790.18
-6.14%$0.187481
-7.19%$1,815.77
-5.94%$0.998692
0.28%$0.33808
-9.03%$0.398987
-12.61%$0.00005811
-3.84%$4.50
-18.83%$0.03125437
0.29%$0.530231
-8.88%$115.96
-5.33%$2.69
-5.03%$0.00472747
-8.84%$0.00350338
-8.34%$1.001
0.03%$0.00884171
-1.82%$0.02917693
-10.11%$1,777.45
-5.95%$1.35
-10.86%$1.13
-7.37%$0.999426
-0.01%$1,792.85
-6.01%$0.22579
-6.71%$0.00309204
10.11%$2.89
-0.27%$82,353.00
-2.99%$3,143.42
0.96%$0.599061
-6.91%$3.36
-1.00%$0.100038
16.89%$1.10
-11.54%$21.29
-6.02%$80,909.00
-5.02%$0.218798
-9.67%$1,891.61
-6.41%$0.00042049
-20.64%$0.504444
-3.61%$0.181779
-7.91%$1,960.69
-6.10%$0.118821
0.75%$14.74
-8.05%$0.238518
-7.93%$1,946.52
-6.13%$21.00
-0.93%$1,656.25
-3.18%$0.00305678
-7.41%$0.077332
-2.66%$1,789.06
-6.41%$0.03258804
-7.04%$0.496636
-8.39%$0.060601
-8.43%$0.525566
1.70%$0.02795573
-6.23%$0.096854
-8.39%$0.647038
-9.54%$0.0020815
-8.35%$0.999494
-0.02%$0.997707
0.07%$0.01074907
-6.81%$0.877143
-14.60%$82,050.00
-3.61%$0.02690105
-8.40%$1,940.58
-5.24%$0.00226776
-5.22%$0.00432218
-8.10%$0.590216
-8.96%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.