Bitcoin
Bitcoin (BTC)
$68,795.00 -0.32938
Bitcoin price
Ethereum
Ethereum (ETH)
$3,848.63 2.86188
Ethereum price
BNB
BNB (BNB)
$600.50 -0.22056
BNB price
Solana
Solana (SOL)
$162.29 -2.9083
Solana price
XRP
XRP (XRP)
$0.5296310 -1.61168
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000243 -1.95218
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000159 4.66621
Pepe price
Bonk
Bonk (BONK)
$0.0000346 -2.71934
Bonk price
Bitcoin
Bitcoin (BTC)
$68,795.00 -0.32938
Bitcoin price
Ethereum
Ethereum (ETH)
$3,848.63 2.86188
Ethereum price
BNB
BNB (BNB)
$600.50 -0.22056
BNB price
Solana
Solana (SOL)
$162.29 -2.9083
Solana price
XRP
XRP (XRP)
$0.5296310 -1.61168
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000243 -1.95218
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000159 4.66621
Pepe price
Bonk
Bonk (BONK)
$0.0000346 -2.71934
Bonk price
Bitcoin
Bitcoin (BTC)
$68,795.00 -0.32938
Bitcoin price
Ethereum
Ethereum (ETH)
$3,848.63 2.86188
Ethereum price
BNB
BNB (BNB)
$600.50 -0.22056
BNB price
Solana
Solana (SOL)
$162.29 -2.9083
Solana price
XRP
XRP (XRP)
$0.5296310 -1.61168
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000243 -1.95218
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000159 4.66621
Pepe price
Bonk
Bonk (BONK)
$0.0000346 -2.71934
Bonk price
Bitcoin
Bitcoin (BTC)
$68,795.00 -0.32938
Bitcoin price
Ethereum
Ethereum (ETH)
$3,848.63 2.86188
Ethereum price
BNB
BNB (BNB)
$600.50 -0.22056
BNB price
Solana
Solana (SOL)
$162.29 -2.9083
Solana price
XRP
XRP (XRP)
$0.5296310 -1.61168
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000243 -1.95218
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000159 4.66621
Pepe price
Bonk
Bonk (BONK)
$0.0000346 -2.71934
Bonk price
SirWin
SirWin
SirWin

GameFi market cap surpasses overall crypto sector in 24 hours

gamefi-market-cap-crypto
Edited by
Markets
GameFi market cap surpasses overall crypto sector in 24 hours

The GameFi sector has seen a 6% increase in market capitalization over the last 24 hours, outperforming the broader cryptocurrency market’s 2.2% growth.

CoinGecko reports that the total value of web3 gaming tokens is now $32.7 billion.

In recent developments, GameFi tokens, including FLOKI, have experienced a 3% surge in value. The Floki token is up 21% in the past 24 hours and is primarily used within the Floki ecosystem for transactions, rewards, and governance, enabling holders to participate in decision-making processes.

GameFi market cap surpasses overall crypto sector in 24 hours - 1
24-hour chart of FLOKI from CoinMarketCap

A broader look at the last 30 days reveals significant gains in the sector: Gala has jumped 200%, The Sandbox’s Sand token has increased by 65%, and Axie Infinity’s AXS has risen by 65%.

Nansen analyst Edward Wilson attributes this performance to a shift in investor activity towards higher-risk investments. He explained that investors are exploring beyond well-known cryptocurrencies for higher returns as the market warms.

Wilson highlighted the Parallel trading card game, which utilizes the Prime token, to indicate the expansion of web3 gaming interest. Parallel has formed notable partnerships with Coinbase and OpenSea, demonstrating resilience during market downturns.

The upcoming Game Developer Conference is expected to stimulate developer activity in web3 gaming further, contributing to the rising interest in gaming tokens.

“Gaming tokens are on the rise, fueled by the anticipation of this upcoming event,” Wilson said.