In brief
- Gaming and NFT-focused platforms' tokens are surging today.
- AXS, ENJ, FLOW, and others posted double-digit gains over the past 24 hours.
Native tokens of several blockchain-based gaming platforms, such as Axie Infinity (AXS) and Enjin (ENJ), are posting double-digit gains today as the rest of the crypto market continues to trade sideways.
At the time of writing, AXS, the native token of Pokémon-like crypto gaming platform Axie Infinity, has jumped to $29.22, marking a price increase of 32.4% over the past 24 hours.
Meanwhile, projects such as Enjin (ENJ), Decentraland (MANA), and Flow (FLOW), are similarly posting hefty gains today.
The price of ENJ, a token associated with blockchain-based gaming platform Enjin, surpassed $1.42, gaining roughly 18.1% on the day.
MANA, which can be used to pay for avatars, cosmetic items, naming rights, and more on the virtual reality platform Decentraland, jumped to $0.73 as its price grew by 17.4%.
Flow, the blockchain on which wildly popular non-fungible token (NFT) marketplace NBA Top Shot is based, saw its native token gain 21.03% today, trading at around $20.05.
NBA Top Shot User Sues Dapper Labs, Claims NFT 'Moments' Are Securities
A Virginia woman named Jeeun Friel is suing the maker of NBA Top Shots, a type of NFT marketplace that lets consumers own unique basketball highlights. According to Friel, the NFTs in question are actually securities and their creator, Dapper Labs, harmed her and other buyers by failing to register them with the Securities and Exchange Commission. In a lawsuit filed yesterday, Friel asks a New York state court to declare that Dappler Labs and its CEO, Roham Gharegozlou, violated securities law a...
Finally, Chiliz, which powers blockchain-based fan engagement platform Socios.com, posted a 16.4% increase in the last 24 hours, trading at around $0.27.
Top cryptos lag behind gaming
At the same time, most of the major top 10 cryptocurrencies remain stagnant. So far, Bitcoin only managed to climb by .1% over the past day and reached $32,569. Ethereum fares a little bit better, gaining 1.3%, but is still trading below the $2,000 mark.
In their turn, Binance Coin ($318, +5.2%), Cardano ($1.24, +1.82%), Ripple’s XRP ($0.61, -0.1%), Dogecoin ($0.194, -1.4%), and Polkadot ($13.60, -1.4%) are seeing marginal moves, both positive and negative, on the day.
