
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.
$110,986.00
-0.41%$4,421.13
1.30%$2.84
-0.32%$849.05
-0.56%$208.55
-0.77%$0.999801
-0.00%$4,411.52
1.36%$0.216267
-0.28%$0.338917
-0.15%$0.823446
-1.31%$5,347.71
1.20%$23.31
-0.80%$4,764.10
1.35%$111,051.00
-0.18%$1.001
0.05%$45.83
0.28%$0.997013
-0.86%$4,738.97
1.42%$3.33
-0.76%$587.06
-2.54%$0.359376
-1.31%$24.66
-1.64%$4,417.95
1.35%$0.215302
-2.69%$0.269808
2.81%$9.52
0.48%$111.26
-0.99%$0.999573
-0.01%$3.14
-0.43%$0.00001223
-1.67%$1.00
0.03%$111,006.00
-0.34%$42.53
-0.81%$3.79
-1.39%$4.97
-2.69%$9.46
-0.92%$1.19
0.01%$273.08
0.49%$0.181192
-20.88%$324.10
1.25%$0.708031
-1.00%$0.00000963
-1.91%$178.60
0.46%$1.12
-1.34%$20.53
-1.30%$255.97
-0.69%$320.84
-0.49%$2.42
-1.47%$4.29
-0.60%$0.930099
-4.22%$0.277394
-2.88%$1.00
-0.03%$0.347875
0.49%$4,420.64
1.35%$0.500988
-0.01%$0.99962
0.01%$4.82
-0.27%$8.20
4.79%$223.65
-0.68%$1.00
0.00%$0.083473
-0.98%$4.43
-1.05%$5.48
-0.21%$1.067
0.38%$5,032.36
1.15%$0.02341693
-2.11%$0.230094
-1.48%$16.79
-0.75%$1.20
21.65%$4.50
-0.29%$15.01
-0.53%$0.02957055
-4.31%$4,643.05
1.33%$3.40
-1.53%$0.878318
-0.93%$0.074017
4.80%$0.285244
-0.46%$45.96
0.40%$0.999482
0.03%$8.35
-0.75%$4,646.14
1.20%$0.999794
0.15%$4,768.19
1.18%$0.606339
-2.61%$2.28
0.04%$111,088.00
-0.33%$0.00001984
-3.08%$0.490979
-1.50%$0.999589
-0.01%$0.0042488
9.96%$0.02040084
-1.15%$100.67
-0.56%$3.71
6.29%$1.00
0.03%$0.078082
-0.21%$4,667.95
1.18%$0.02782597
5.68%$3,544.64
0.30%$4,745.64
1.36%$12.95
-2.25%$0.706178
-1.68%$1.26
0.36%$1.59
-1.36%$236.47
-0.86%$1.00
0.04%$849.36
-0.53%$0.998575
-0.04%$110,748.00
-0.43%$0.622323
-2.02%$1.21
-0.27%$0.764258
-0.16%$0.999985
0.00%$1.13
-0.15%$1.15
1.03%$3,552.60
0.01%$1.12
0.03%$4,415.81
1.19%$0.303394
-1.73%$0.509257
-1.26%$0.368995
2.26%$275.43
-0.66%$111,049.00
-0.38%$0.087722
-2.56%$3.37
-1.79%$0.171873
-2.21%$113,677.00
0.42%$4,397.90
1.10%$0.151948
-3.35%$0.00009013
-1.58%$4,315.28
3.99%$0.147371
-0.01%$4,418.46
1.18%$2.35
-1.07%$0.802405
0.41%$4.72
2.19%$0.767465
-2.75%$0.767175
-5.20%$0.477411
-1.52%$0.712136
-3.47%$22.57
-0.58%$0.185367
-1.36%$0.01584959
-1.56%$112.43
0.01%$1.90
2.21%$0.999743
0.02%$1.081
2.01%$2.12
10.60%$1.085
1.54%$0.997666
0.01%$0.01400893
-1.89%$0.276788
-0.65%$4,716.92
1.51%$40.79
-3.66%$0.00874061
-0.50%$110,793.00
-0.20%$4,418.26
1.35%$0.651437
-3.55%$0.403207
-1.33%$0.02101796
2.74%$0.00000064
-1.48%$4,855.50
1.12%$4,734.41
1.04%$0.413566
-3.27%$4,841.74
1.71%$0.301613
-0.32%$0.998602
0.13%$0.215484
-0.54%$0.075
0.46%$0.999585
0.02%$110,745.00
-0.62%$0.479773
1.45%$1.13
2.23%$0.160461
-1.88%$25.88
-2.29%$4,389.05
1.23%$0.12121
-1.73%$0.998604
-0.07%$110,500.00
0.38%$4,417.32
1.26%$0.99896
-0.05%$0.587317
-1.11%$6.46
-1.86%$1.001
0.24%$0.567888
-1.08%$0.00000045
-0.14%$0.00483327
8.99%$2.40
-6.77%$0.04501114
-1.46%$0.00737988
-3.71%$0.999972
0.03%$6.47
2.19%$229.93
-0.75%$1.16
-0.01%$30.19
-1.67%$0.999802
-0.00%$0.420187
-1.83%$0.02201143
-0.59%$6.38
0.77%$1.19
-0.96%$10.81
0.05%$7.28
0.11%$1.10
0.09%$1.011
1.21%$1.098
0.01%$0.056385
-1.21%$1.22
0.83%$42.32
-2.64%$0.368403
-0.76%$13.89
-1.97%$4.92
0.21%$2.36
-0.46%$5,365.02
1.33%$0.00001933
-2.53%$0.03909607
-0.51%$24.65
-1.50%$22.86
0.54%$0.01044241
-2.30%$0.076975
-3.42%$110,960.00
-0.41%$0.304951
-0.76%$0.00701837
-2.65%$45.85
0.60%$23.08
4.62%$0.848779
-0.75%$4,414.12
1.27%$4,648.69
1.40%$0.999737
0.03%$0.00405092
-4.36%$132.04
2.95%$0.561169
-0.41%$0.03034471
-2.02%$4,968.58
1.30%$0.493495
-0.28%$0.243133
-0.33%$0.03410319
-2.04%$0.999865
0.02%$1.21
0.08%$237.58
-0.72%$0.131591
-2.47%$0.156168
-1.31%$0.00000078
6.43%$0.00000084
-0.48%$0.00005863
-0.46%$0.707808
-0.51%$0.476501
-1.59%$0.116551
-1.84%$1.001
0.21%$1.10
-1.38%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.