
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.
$109,425.00
-0.10%$4,011.24
0.72%$2.78
1.09%$973.65
2.57%$203.10
2.21%$0.999619
-0.02%$4,013.51
0.84%$0.22985
0.26%$0.33756
0.54%$0.783812
0.31%$4,877.03
0.92%$1.00
-0.03%$20.90
0.75%$4,330.01
0.83%$109,623.00
0.08%$1.032
3.36%$45.45
1.44%$28.67
1.23%$0.359668
1.22%$3.20
0.63%$542.91
-0.36%$4,323.00
0.94%$4,017.14
0.95%$0.213039
0.80%$9.50
0.22%$0.999596
-0.01%$104.90
1.02%$0.999296
-0.07%$1.00
-0.03%$0.00001182
0.20%$2.70
-1.45%$109,458.00
-0.09%$0.187571
-1.48%$1.20
0.10%$3.89
-1.05%$40.69
0.10%$1.79
6.97%$0.208493
0.91%$287.68
-1.31%$7.57
0.45%$267.14
-0.27%$190.88
-0.00%$0.577782
-0.91%$0.0000093
-0.05%$2.30
-1.08%$5.17
0.22%$2.73
-1.03%$2.05
1.31%$250.44
2.31%$4.13
2.32%$298.87
-0.09%$1.53
20.73%$0.887521
-0.50%$14.67
54.76%$18.19
-0.86%$1.28
1.11%$0.999346
-0.01%$218.13
2.26%$8.32
-3.28%$4,009.25
0.72%$1.069
0.01%$0.223179
1.19%$0.999931
0.05%$0.422172
1.18%$4.19
0.50%$0.268308
-0.10%$5.50
0.86%$1.00
0.00%$0.076142
-2.35%$0.998633
-0.02%$15.17
-0.05%$4.09
-0.11%$15.80
-0.39%$0.02192604
-0.50%$0.0252861
2.15%$0.0052529
1.25%$4,235.12
1.01%$0.20656
-0.21%$1.001
0.18%$4,589.20
0.80%$45.40
1.45%$0.02817764
1.67%$3.40
-0.50%$0.03510157
7.13%$0.278689
-0.29%$0.999258
-0.00%$0.065636
-1.33%$109,310.00
-0.12%$4,230.68
0.91%$2.19
0.98%$7.55
0.39%$0.576469
0.68%$0.00001933
-0.59%$0.773076
10.31%$4,338.62
0.79%$97.01
6.45%$3,765.44
-0.06%$0.438959
0.35%$4,255.72
0.96%$0.072849
-0.06%$973.61
2.55%$1.22
-0.38%$0.67086
1.80%$11.82
1.06%$1.13
-0.06%$231.56
2.25%$1.41
0.33%$3,780.52
-0.03%$0.999253
0.08%$108,809.00
-0.57%$0.999307
-0.04%$0.574459
-0.08%$4,317.48
0.81%$1.09
0.92%$2.63
1.87%$0.669194
0.73%$0.355534
-9.08%$0.994285
0.52%$269.31
2.08%$1.009
-2.41%$0.237317
-0.30%$109,466.00
-0.09%$0.152392
0.23%$2.04
-54.46%$54.01
-0.39%$0.081648
0.49%$0.148911
2.50%$110,300.00
-1.74%$1.58
5.26%$0.00008236
-0.08%$0.99965
0.02%$4.63
0.59%$3,863.09
1.64%$3.58
4.22%$0.061023
-0.07%$0.742763
-0.24%$0.143736
-0.64%$0.999862
-0.01%$112.72
0.02%$10.84
0.00%$0.672908
-0.47%$4,013.93
0.85%$2.62
1.56%$0.697672
-1.48%$109,203.00
0.05%$0.99715
-0.05%$1.037
0.29%$1.071
-0.29%$0.01448647
-0.23%$0.164679
-0.67%$20.00
-0.11%$0.089857
0.59%$0.00831536
0.05%$0.263846
0.25%$0.405166
-0.26%$4,017.14
0.97%$4,015.84
0.94%$4,298.32
0.87%$4,010.19
0.92%$1.59
1.10%$1.79
5.86%$0.595559
4.38%$0.01228077
0.02%$0.229498
0.26%$0.00000058
1.20%$0.350859
1.15%$1.70
0.71%$4,316.63
0.86%$0.998538
0.09%$0.382372
-0.71%$9.59
1.62%$0.285387
0.59%$4,421.21
0.86%$4,387.10
1.19%$1.26
3.28%$4,314.61
0.93%$109,389.00
0.09%$35.05
1.45%$1.001
-0.14%$0.107015
4.69%$0.02583639
7.77%$0.999612
0.01%$0.120748
2.67%$1.00
-0.03%$0.01579281
1.99%$45.87
3.22%$0.611969
6.04%$23.66
2.15%$0.476211
0.42%$5.99
-4.38%$28.66
1.08%$0.582746
-0.88%$0.999818
0.01%$4,019.21
0.99%$4,001.01
0.93%$224.98
2.10%$1.10
-0.02%$0.132288
-2.02%$0.999621
-0.02%$0.02786405
0.86%$0.00000043
-0.65%$0.378785
-0.55%$2.25
1.32%$0.5224
1.11%$1.10
-0.09%$1.001
0.25%$1.56
0.32%$5.69
0.14%$1.13
0.11%$0.03967357
0.44%$1.15
4.38%$0.388059
2.41%$0.03915008
0.86%$1.02
1.78%$1.17
0.01%$40.96
0.58%$0.00755685
3.24%$4.84
-0.28%$5.71
-0.39%$0.01062737
-0.39%$12.98
3.03%$0.050392
3.48%$4,233.09
0.90%$0.00393372
-1.52%$0.949149
-4.17%$0.362435
15.52%$22.03
-2.12%$136.16
2.48%$2.16
1.75%$109,439.00
0.23%$2.65
220.07%$4,887.71
0.88%$1.22
0.07%$0.999086
0.00%$232.86
2.18%$0.0000175
0.77%$45.46
1.34%$1,029.60
2.76%$0.314987
-1.33%$0.997692
-0.08%$2.65
3.51%$0.336737
10.32%$0.0055319
-0.63%$0.527844
3.64%$0.23574
0.17%$0.276865
0.42%$4,013.95
0.73%$0.709166
0.20%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.