
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.
$87,334.00
1.76%$2,074.64
3.80%$2.44
0.13%$635.32
1.96%$140.23
6.23%$0.999793
-0.01%$0.182533
6.04%$0.728003
2.84%$0.228368
-0.76%$2,072.83
3.98%$87,173.00
1.73%$15.04
4.31%$3.65
-0.34%$9.79
0.02%$2,484.87
3.92%$21.40
8.81%$0.288602
2.14%$0.999697
0.03%$0.192468
3.79%$0.00001349
4.43%$2.38
4.15%$93.52
2.27%$4.61
2.34%$6.84
6.28%$331.87
1.95%$0.935998
-0.53%$4.87
-1.09%$2,074.60
3.87%$16.54
2.43%$0.999752
0.03%$1.002
0.30%$2,207.20
4.00%$7.04
5.81%$29.26
0.48%$218.94
1.69%$6.04
5.72%$2.91
5.14%$1.047
0.20%$0.00000791
8.69%$1.16
0.01%$50.75
0.32%$23.86
2.89%$6.03
3.44%$189.78
2.59%$0.841282
6.27%$35.23
2.55%$0.881829
4.52%$18.32
3.07%$87,296.00
1.66%$0.998524
-0.04%$11.83
2.89%$267.38
4.22%$0.02617193
4.52%$0.095531
18.38%$4.93
2.25%$0.405295
9.93%$0.078166
-2.67%$3.12
3.24%$3.64
2.68%$3.77
9.58%$0.21877
2.74%$0.593481
9.54%$86,987.00
1.36%$0.389442
6.01%$0.202985
6.41%$4.02
-0.18%$1.00
0.00%$6.04
8.34%$0.562621
3.79%$0.901056
5.32%$0.546972
5.80%$11.34
0.61%$87,176.00
2.25%$2,078.27
4.33%$0.075442
7.66%$2,157.52
3.90%$1.16
2.09%$79.24
2.87%$0.624845
6.75%$146.51
6.52%$0.00001399
1.81%$1,273.52
3.87%$0.897814
8.55%$0.431914
3.22%$0.681591
8.26%$10.44
6.00%$2,344.82
3.81%$17.34
-0.11%$0.201052
4.03%$0.974944
6.23%$0.101438
5.25%$1.068
3.31%$0.997787
-0.02%$0.999719
-0.06%$0.01460413
-0.47%$0.569768
1.65%$7.77
14.54%$86,871.00
2.70%$1.00
0.06%$2,201.18
3.90%$0.00133418
-13.12%$636.42
2.35%$0.01807747
4.94%$1.00
0.00%$2.62
1.05%$1.001
0.13%$0.722358
4.12%$3,026.67
-0.12%$0.298962
4.94%$87,120.00
1.93%$0.189838
2.51%$0.00000071
2.55%$34.81
2.29%$2.25
3.59%$179.00
6.20%$0.426184
3.68%$0.509186
1.38%$0.00006735
6.46%$3,015.56
-1.21%$0.109533
2.19%$2,157.98
3.84%$1.001
0.09%$0.168402
5.00%$0.01256285
2.81%$3.34
2.99%$0.00645731
5.52%$153.58
6.12%$17.66
4.15%$8.18
1.26%$0.563973
3.74%$0.999896
0.00%$3.49
4.03%$1.91
8.21%$0.592472
12.92%$0.552143
8.25%$0.717439
7.47%$19.19
3.94%$0.494994
-3.11%$0.999765
0.01%$0.278279
5.25%$7.45
14.66%$32.35
4.25%$0.794222
3.23%$0.073793
1.26%$0.80699
2.19%$0.999934
0.06%$2,201.46
3.95%$84,541.00
1.25%$0.176304
4.61%$7.38
2.01%$0.182922
6.68%$2,075.51
3.99%$0.092384
3.68%$2.85
6.94%$0.458545
0.14%$0.04758265
4.87%$1.00
0.03%$87,229.00
1.78%$0.00002258
3.65%$2,073.84
3.92%$1.27
-0.62%$0.556506
3.20%$0.00838558
0.79%$0.00699482
12.14%$87,068.00
1.71%$0.00000044
-0.77%$0.535124
2.55%$2,075.25
3.95%$25.35
5.75%$1.50
8.22%$110.43
0.02%$0.999762
0.04%$1.081
-0.01%$44.46
4.51%$2,163.73
3.98%$87,067.00
1.66%$0.41849
-0.39%$0.00698493
7.23%$1.091
0.16%$0.218714
2.86%$0.191856
-2.78%$0.916878
2.29%$2,109.27
3.04%$0.01134126
0.82%$2,070.69
3.68%$0.00000183
11.97%$1.45
8.68%$0.00422854
0.80%$0.03595423
9.70%$0.00006521
2.63%$86,826.00
2.09%$0.99925
-0.02%$132.68
4.48%$0.278095
3.24%$1.00
-0.05%$1.38
7.97%$2,058.76
3.85%$1.41
4.27%$0.285955
3.71%$1.003
-0.16%$2.84
-1.20%$4.00
0.94%$2,072.61
3.82%$0.920034
3.67%$0.10533
-4.27%$0.03090393
0.87%$1.00
0.08%$0.00000014
5.85%$2,267.26
3.93%$0.081441
1.24%$0.215525
2.38%$18.15
2.78%$2,188.86
3.82%$23.95
3.00%$3.03
2.41%$0.286978
2.47%$1.17
-1.01%$86,223.00
0.60%$87,174.00
1.73%$0.04024636
4.55%$0.63668
2.59%$0.03481304
0.54%$2,251.44
3.87%$0.272754
8.60%$0.540519
1.43%$0.0026217
4.77%$0.117157
3.42%$1.00
-0.03%$2,068.98
3.67%$0.03409402
4.47%$0.01292027
5.09%$0.00340882
10.34%$3,012.52
-0.45%$0.645448
3.00%$0.00539263
1.73%$0.292108
12.15%$0.121838
2.57%$0.447051
1.94%$0.251893
21.82%$1,750.42
1.70%$0.717703
7.57%$0.0026497
6.61%$1.15
10.93%$0.999674
-0.02%$2.23
3.53%$0.155119
4.17%$0.314733
7.90%$0.234695
9.83%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.