
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.
$94,372.00
0.10%$1,802.57
-0.43%$2.29
4.14%$604.48
-0.43%$149.24
0.21%$0.9999
0.00%$0.181916
0.61%$0.715709
1.43%$0.246891
-2.27%$1,800.20
-0.49%$94,343.00
0.16%$3.63
3.57%$14.70
-1.09%$22.03
-0.75%$0.288851
-0.54%$9.09
0.07%$3.33
0.36%$0.190801
-0.52%$0.00001365
-3.46%$2,165.03
-0.39%$0.999932
0.01%$349.11
-2.26%$86.55
-0.93%$4.12
-3.36%$17.65
-1.25%$1.00
-0.03%$4.38
-0.74%$1,804.45
-0.36%$0.999288
-0.03%$0.632975
-2.69%$230.09
0.51%$29.15
-0.76%$1,922.21
-0.50%$94,403.00
0.14%$0.00000889
-2.15%$5.42
-3.45%$5.58
-3.71%$51.98
-1.62%$356.37
2.34%$2.52
-3.31%$15.16
-2.06%$0.959946
-3.22%$22.18
-1.64%$5.09
-3.47%$1.049
0.01%$1.00
0.00%$169.05
-0.79%$0.097492
-2.16%$16.73
-1.79%$31.53
-1.99%$0.090609
-1.49%$0.729524
-1.44%$0.02683381
-0.86%$4.34
-3.61%$1.17
-0.03%$0.239937
-2.40%$4.44
-3.90%$0.350472
-2.49%$94,011.00
0.05%$0.223074
-2.63%$0.729007
-5.90%$4.28
-0.03%$2.72
-5.02%$2.86
-0.97%$0.520696
-2.99%$0.338246
-3.43%$0.998347
0.01%$0.0000195
5.58%$4.12
0.11%$1.13
-2.58%$94,172.00
0.10%$0.464566
-3.25%$10.52
-0.26%$0.857839
1.65%$0.784269
-6.45%$1,486.91
-2.19%$156.24
0.21%$0.075699
1.28%$1.12
1.14%$1,800.56
-0.56%$74.63
-1.88%$1.076
5.27%$0.578195
-7.38%$3.88
-3.15%$1,879.23
-0.37%$0.01643737
-1.06%$0.200408
-1.58%$0.668296
-0.82%$9.87
-3.65%$1.00
0.01%$0.099353
-3.10%$604.09
-0.53%$0.999588
-0.04%$3.09
8.47%$0.999819
-0.01%$0.661021
-1.17%$2,044.28
-0.04%$0.666803
25.40%$0.01707895
-5.13%$41.45
1.26%$3,323.09
0.19%$1.00
-0.01%$94,626.00
1.59%$3,324.05
0.20%$0.209841
-0.52%$0.84461
-1.97%$192.08
0.19%$164.56
0.20%$0.00007809
-3.78%$94,381.00
0.14%$4.12
-2.44%$13.08
-0.06%$0.01673987
-5.13%$0.297435
-4.05%$0.718133
-3.36%$0.00000073
-5.11%$0.714083
-1.70%$92,412.00
-2.22%$0.01120233
20.77%$1.08
-0.65%$1,918.12
-0.29%$0.113431
-1.17%$0.997919
0.03%$2.02
-3.82%$0.065387
-5.52%$0.01935697
-3.89%$0.396425
-2.77%$0.997829
-0.13%$0.625865
-3.47%$18.57
2.57%$1.095
-1.96%$0.310102
-4.50%$0.553718
-2.00%$1.79
-2.66%$0.234939
-3.69%$1,886.28
-0.42%$0.605188
-0.01%$0.155342
-4.66%$2.65
7.20%$3.35
-2.59%$32.83
-2.19%$0.53291
2.47%$0.00554364
-5.61%$0.00885712
-3.87%$0.9999
0.00%$0.998527
-0.02%$0.455564
-1.31%$0.641273
-3.67%$0.600756
-6.10%$94,865.00
0.00%$17.15
-2.35%$0.412802
-3.57%$0.19206
10.29%$0.067075
-0.21%$94,157.00
-0.02%$1.34
-3.40%$0.181567
0.56%$1,882.89
-0.46%$0.9999
0.00%$89,547.00
-1.04%$1.67
-4.16%$0.00002285
-3.94%$6.29
-1.38%$6.69
-7.72%$0.149171
-5.38%$94,278.00
0.34%$110.83
0.00%$0.00000042
-0.99%$0.522617
-5.33%$0.0419993
29.15%$1,801.16
-0.55%$0.23968
-2.51%$1.084
0.00%$1.001
0.07%$2.52
-3.66%$0.087043
-2.54%$0.04141343
-3.10%$3.62
-1.90%$0.076761
-3.83%$1,918.66
-0.33%$1,800.42
-0.55%$42.93
-2.39%$0.38745
-1.73%$0.00724169
-4.16%$1,801.50
-0.54%$1,799.08
-0.65%$21.63
-0.06%$0.00509356
-3.03%$0.999201
-0.20%$0.563493
-1.78%$0.131728
2.77%$0.00409996
-1.67%$1.00
-0.02%$0.0178612
0.50%$0.00006305
-3.36%$0.358968
-3.91%$0.81119
-2.74%$0.165983
-1.59%$1,835.55
-0.56%$0.995774
-0.28%$0.999736
-0.02%$2.87
-2.60%$28.98
1.93%$0.999884
-0.03%$0.697113
0.74%$0.692421
-3.02%$94,268.00
0.04%$1.22
-4.13%$0.999701
0.04%$0.713381
2.43%$0.242922
-3.73%$1.22
-4.00%$3.61
-1.63%$111.88
-1.38%$1,788.07
-0.36%$0.138172
-1.07%$93,385.00
-0.81%$3,321.18
0.18%$0.00000136
-2.84%$0.278058
-3.18%$0.99987
0.04%$0.198969
-1.78%$0.00268575
2.91%$0.00365976
1.92%$2.87
-0.38%$1,905.44
-0.44%$1,800.39
-0.58%$21.56
-4.47%$15.97
-2.35%$0.521189
-1.07%$0.03742729
-1.70%$0.235349
-1.92%$1.00
0.04%$0.00257763
-5.32%$0.01287612
-2.30%$1,894.69
0.08%$0.746544
-3.20%$17.64
-1.34%$0.00284713
-0.24%$0.445233
-3.18%$0.109375
-4.67%$22.02
-0.74%$0.932402
-7.37%$0.02876288
-3.99%$0.00000062
-7.25%$0.596155
-3.47%$1.095
-0.08%$1,976.09
-0.41%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.