![GALA liquidations.](https://img.decrypt.co/insecure/rs:fit:3840:0:0:0/plain/https://cdn.decrypt.co/wp-content/uploads/2023/01/bybt_chart-3.png@webp)
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.
$67,897.00
3.32%$3,278.53
3.24%$580.94
1.69%$182.95
6.72%$1.00
-0.01%$0.603573
0.89%$3,277.15
3.26%$0.134541
7.60%$6.72
1.74%$0.417746
5.99%$0.137583
1.59%$28.71
5.40%$67,857.00
3.34%$0.000017
3.54%$13.55
4.78%$5.87
2.11%$377.13
4.30%$5.74
6.25%$7.69
5.53%$5.82
-0.65%$71.34
3.73%$0.00001206
5.18%$3,420.72
3.24%$0.515061
3.71%$9.75
-1.38%$0.181642
3.08%$22.97
3.95%$6.97
5.21%$0.998727
0.01%$1.28
7.14%$0.103255
1.12%$161.86
-0.26%$0.854771
2.37%$1.85
2.95%$6.78
10.28%$4.64
10.36%$2.67
6.19%$25.90
8.48%$351.60
7.39%$2,657.94
0.38%$40.99
2.90%$0.091425
2.48%$0.068196
3.22%$0.728094
4.14%$6.16
4.29%$1.54
5.60%$0.02843229
4.00%$31.11
3.71%$0.999958
-0.08%$0.0000286
5.60%$0.788523
5.30%$1.74
2.50%$0.200078
5.72%$3,668.90
3.24%$0.00018111
3.54%$3,325.76
3.31%$3,413.84
3.50%$1.14
3.47%$4.68
5.01%$1.51
7.53%$0.01434467
5.25%$98.13
5.63%$10.10
0.05%$1.074
12.28%$1.001
5.26%$0.398228
7.28%$1.58
3.69%$0.02897916
4.43%$0.132799
9.81%$0.461918
6.12%$1.37
4.16%$6.00
5.12%$0.373232
4.71%$0.142758
4.20%$3,274.70
3.29%$73.16
1.69%$0.673812
6.23%$1.20
-0.10%$7.59
1.49%$220.67
6.64%$0.945262
15.70%$9.68
2.46%$0.0182608
6.70%$33.60
2.98%$6.09
7.13%$27.06
2.19%$5.30
0.01%$44.77
5.23%$0.02372852
5.57%$0.579155
3.94%$0.01929378
2.78%$0.00000087
4.07%$10.43
3.13%$3,336.93
3.23%$11.63
4.90%$39.07
10.47%$0.465609
8.92%$1.31
6.03%$3.25
4.63%$0.777807
4.41%$0.32807
6.93%$2.33
-0.18%$0.175873
20.10%$0.99944
-0.28%$2.08
4.03%$0.538181
4.98%$2.36
11.77%$0.00003509
5.17%$0.00000033
5.84%$0.00767941
0.47%$1.21
2.86%$3,533.10
3.21%$0.996636
-0.02%$0.341542
6.46%$2.41
10.09%$0.070265
5.01%$0.00000173
1.80%$3,275.99
3.38%$3.92
6.00%$1.00
0.07%$0.088604
4.47%$0.00864321
8.34%$0.522563
5.39%$0.161228
3.20%$2,386.33
0.94%$0.528099
10.22%$1.74
5.21%$215.33
-1.29%$0.164853
4.59%$0.01240877
3.33%$9.55
2.18%$3,483.63
3.21%$0.143769
3.70%$0.789258
5.85%$0.075089
4.35%$0.290919
3.96%$4.72
3.21%$0.93807
15.65%$15.11
5.67%$3,576.90
3.17%$0.681072
4.35%$1.00
0.04%$1.16
1.16%$32.48
8.14%$0.03121327
0.74%$0.00008535
4.74%$0.36989
2.41%$1.98
2.86%$0.06876
3.69%$67.88
-2.62%$0.419202
6.93%$25.60
2.93%$0.521018
12.29%$2,387.64
0.78%$0.00427117
7.54%$0.00000043
1.31%$1.022
3.04%$0.0449213
2.41%$1.025
0.25%$0.081606
6.44%$0.999857
0.58%$0.00587007
4.04%$3.23
23.53%$0.482104
3.31%$0.054488
2.15%$3.98
1.85%$3.26
0.47%$0.197953
4.56%$3,391.56
3.14%$2.20
7.18%$0.970907
6.98%$0.781813
-1.46%$1.46
6.87%$51.39
3.30%$0.77857
10.55%$65.88
3.67%$0.01548807
4.69%$0.347001
7.24%$0.152103
6.73%$0.552475
5.28%$0.187455
18.37%$16.39
4.21%$0.395003
12.23%$0.188496
5.26%$21.56
4.83%$1.71
7.23%$0.487284
3.26%$0.602979
7.75%$8.16
0.70%$0.01721618
5.29%$27.01
5.00%$0.04807968
-1.62%$0.188928
-5.49%$0.138334
5.33%$7.44
3.28%$0.00092438
-1.50%$0.2666
5.52%$0.189315
4.83%$6.78
17.27%$0.0308415
5.72%$0.00533567
5.19%$0.567292
5.58%$0.00170829
3.76%$2.57
8.29%$0.739653
10.31%$1,363.17
3.37%$0.02859711
5.49%$1.31
6.20%$0.02962039
2.38%$0.271889
6.72%$3,440.69
3.20%$1.98
-0.65%$67,891.00
3.52%$0.192628
4.82%$0.396713
3.40%$0.416688
6.15%$2.99
12.40%$0.01555383
2.81%$29.57
2.99%$49.26
9.49%$0.073963
3.73%$2.58
5.50%$2.59
5.23%$0.01912758
3.34%$0.00527147
5.71%$71.80
7.89%$0.02124344
3.16%$0.308177
7.83%$0.04865517
6.98%$3.81
4.58%$0.999329
-0.13%$0.696101
4.00%$3,424.56
3.21%$2.10
16.98%$0.0043164
3.41%$0.283067
1.24%$0.485631
2.62%$33.34
5.83%$2.37
4.08%$0.02919944
4.07%$2.77
10.05%$2.82
-0.76%$0.556349
6.50%$0.02331381
5.82%$0.00070518
1.01%$1.55
18.82%$1.048
-0.03%$20.11
3.20%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.