Gaming tokens are rising once more Monday as Bitcoin hits $50,000 for the primary time since 2021, placing an exclamation mark on a energetic final week that noticed Immutable (IMX) mark a two-year excessive value and the MAVIA token from Heroes of Mavia greater than quadruple in value.
Immutable, the token of the gaming-centric Ethereum scaling networks Immutable X and Immutable zkEVM, popped above a value of $3 late Sunday and has remained round that vary, at the moment sitting at $3.09.
That’s the very best value that IMX has marked since February 2022, based on information from CoinGecko, and the present value represents a 37% bounce over the past seven days. It additionally pushed Immutable into the highest 25 general cryptocurrencies by market cap, making it the one gaming coin to take a seat in that elite firm.
In December, funding agency VanEck projected that IMX would rise to grow to be a prime 25 coin by market cap in 2024. On the time, it was ranked thirty first on CoinGecko at a value of round $2 per token. At its present value, IMX has a market cap of almost $4 billion.
One other enormous gainer of late is BEAM, the token of the Beam gaming ecosystem from the Advantage Circle DAO. BEAM is up a whopping 70% over the previous week, and set a brand new all-time excessive value early Monday. It’s at the moment priced above $0.029 and ranked 58th general by market cap.
Whereas it has a a lot smaller market cap to date, the MAVIA token for lately launched technique sport Heroes of Mavia has seen an enormous spike in worth since debuting final week. The Ethereum token jumped to an all-time excessive of $9.25 on Sunday, and at a present value of $8.27, it has greater than quadrupled in value since debuting at $1.83 on February 6.
The Conflict of Clans-like cell sport debuted in late January and has reportedly racked up greater than 1,000,000 downloads thus far throughout iOS and Android. Heroes of Mavia held an airdrop final week and awarded MAVIA to 100,000 early gamers who related their account to the sport’s web site, together with NFT land homeowners who participated in earlier promotions.
Gaming tokens are broadly up throughout the board over the past week, with Axie Infinity’s AXS token up 13% to $7.88, The Sandbox’s SAND token rising 12% to $0.48, and Gala Video games’ GALA token popping 13% to a value above $0.02. Illuvium’s ILV token is one other massive winner, spiking 35% over the previous week to a value of about $96.40.
The one notable exception is RON, the token of Ethereum gaming community Ronin, which has fallen by almost 4% over the previous week after rising above $3 final week for the primary time in two years. RON dropped sharply after being listed on Binance, falling as little as $2.39 over the previous week, however has regularly regained floor in latest days.