
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.
$104,979.00
0.37%$2,532.01
0.28%$2.17
1.51%$647.94
-0.42%$145.37
0.40%$0.99971
-0.01%$0.178052
1.75%$0.26959
-0.29%$2,530.17
0.13%$0.633056
0.20%$41.38
4.69%$105,000.00
0.41%$3,050.99
0.58%$2.99
-0.27%$434.75
3.60%$13.11
-0.85%$9.06
-0.07%$0.259016
0.58%$19.05
0.12%$2.96
-0.53%$0.00001219
3.35%$0.999611
-0.03%$0.158208
2.46%$2,531.34
0.26%$2,706.89
0.40%$85.98
3.13%$1.001
0.08%$1.001
0.03%$312.77
0.22%$3.78
-0.73%$39.08
13.29%$4.55
1.23%$104,960.00
0.45%$0.00001112
3.95%$0.634684
14.56%$7.29
-1.30%$275.71
-1.80%$1.18
-0.01%$369.74
1.14%$51.69
-0.19%$5.60
2.60%$1.00
0.00%$4.51
2.60%$0.091683
1.18%$2.22
0.55%$16.74
2.42%$0.791703
1.92%$175.63
0.19%$1.055
0.02%$29.38
3.67%$1.002
0.04%$0.638049
0.08%$10.46
5.37%$17.02
-0.10%$0.075261
-3.05%$4.45
-0.12%$0.02214587
-0.27%$0.087826
12.42%$4.12
1.17%$104,964.00
-0.28%$0.295428
0.99%$0.20037
0.04%$3.43
1.24%$0.675364
2.98%$0.338632
0.25%$2.42
1.88%$0.986288
2.31%$0.179192
1.32%$106.07
-0.35%$2,532.49
0.30%$0.999594
-0.09%$0.99799
0.12%$4.37
0.35%$1.00
0.00%$11.20
-0.10%$1.43
7.33%$153.91
1.33%$0.0187888
3.75%$1.83
4.18%$0.412449
2.04%$1.22
0.64%$1.84
1.59%$1.20
6.48%$2,880.02
0.31%$2,648.99
0.29%$0.00001487
3.34%$11.68
1.49%$0.346838
7.43%$3.65
3.60%$0.599681
3.42%$1.00
-0.01%$1.001
0.09%$0.634962
3.03%$0.060031
-0.13%$0.999528
-0.03%$0.17712
2.37%$2,702.46
-0.00%$2,652.30
0.28%$104,917.00
0.51%$0.150173
-3.17%$0.462517
2.43%$648.37
-0.59%$104,766.00
0.42%$0.854857
5.87%$2,657.84
-0.08%$3,439.32
0.00%$0.088013
2.31%$0.533561
1.48%$3,459.15
-0.02%$107,123.00
1.75%$0.600295
-0.96%$0.01261023
4.05%$2.44
1.15%$0.00007853
2.48%$162.12
0.26%$0.809051
0.80%$2,735.77
0.44%$44.04
-3.82%$188.82
0.13%$111.43
0.02%$0.706357
2.21%$0.01512749
2.45%$20.32
1.81%$0.999699
-0.04%$1.97
3.31%$1.11
0.04%$0.00000067
0.10%$0.170655
1.81%$0.265399
2.21%$0.01315565
0.56%$0.465514
1.87%$31.41
4.62%$41.03
3.77%$0.99762
-0.01%$0.106511
0.62%$3.75
1.49%$1.97
-1.95%$0.728089
14.69%$0.00959353
-0.06%$2.07
-0.72%$0.568228
2.34%$104,431.00
0.33%$1.094
0.02%$0.580868
0.03%$0.998813
0.04%$0.21387
-2.55%$0.352673
1.80%$2,528.26
-0.07%$2,532.17
0.15%$0.689654
5.42%$104,981.00
0.30%$2,680.80
0.49%$2,703.13
0.22%$1.49
1.14%$0.485743
2.67%$8.90
0.87%$2,531.23
0.21%$104,972.00
0.46%$0.265147
1.86%$0.996946
-0.25%$52.82
0.15%$1.64
2.63%$40.98
3.70%$2.50
1.62%$0.178
1.55%$0.419049
-2.10%$0.01332605
-0.05%$0.04468605
1.91%$1.42
0.20%$1.00
0.01%$0.596402
13.09%$0.060661
-0.53%$0.99971
-0.01%$0.429101
3.41%$1.029
6.56%$0.00002075
2.74%$0.521041
2.35%$37.33
-0.55%$1.09
-0.00%$0.345971
0.04%$0.00000041
-0.79%$0.999962
0.03%$0.403793
0.34%$0.04066702
-0.19%$0.119581
1.26%$6.11
2.01%$0.97923
-0.65%$13.98
1.54%$5.62
0.64%$1.26
0.46%$0.148084
-3.09%$2,692.55
0.56%$2.34
1.98%$2,529.46
0.56%$0.074659
1.66%$0.997456
-0.36%$0.00371977
1.70%$0.00401097
-0.01%$0.00630741
1.00%$1.084
1.85%$0.03666027
2.81%$0.0000009
0.66%$2,789.13
0.08%$0.01806975
-0.44%$0.139303
0.25%$1.44
5.03%$0.341737
-0.15%$0.00415896
-3.93%$2,765.27
0.33%$104,843.00
0.28%$0.159657
-2.59%$0.00006072
8.60%$1.22
-0.30%$2,530.44
0.19%$104,644.00
-1.33%$0.779276
0.88%$0.493671
-2.16%$0.03238971
-0.16%$19.52
1.31%$0.322401
6.66%$0.06827
3.42%$0.999068
0.00%$0.00370386
3.16%$0.99916
-0.16%$0.999614
-0.03%$158.04
0.34%$0.00583907
2.33%$0.02004334
2.20%$2,528.84
0.26%$0.00000149
5.90%$113.80
1.41%$0.200703
0.23%$19.12
0.35%$6.96
1.16%$0.637162
3.24%$1.001
0.01%$0.628526
0.15%$0.999785
-0.03%$1.018
0.01%$104,866.00
0.61%$0.195301
3.94%$102,820.00
-0.95%$0.274873
7.66%$1.64
0.86%$2,108.45
0.31%$8.83
0.17%$0.00376293
4.29%$0.432787
0.86%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.