Despite a year-long decline, the Web3 landscape is finally looking brighter. In the nft world, October sales soared 32%, driven by a hefty $1,136,658.03 (600 eth). CryptoPunks Transaction and an nft-focused episode of The Simpsons.
On top of that, in the cryptocurrency space, bitcoin ($btc) is soaring today, almost touching $38,000, giving early investors back those bull market vibes they were missing so much.
$38,000 is the next victim. bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin pic.twitter.com/usdArYM1td
— BITCOINLFG® (@bitcoinlfgo) November 9, 2023
Still, the Web3 world goes beyond NFTs and well-known cryptocurrencies, like $btc. Gaming and Metaverse tokens also play a tremendous role in the upward trajectory of the blockchain industry.
Triumphant Game Chips
To contextualize the benefits of GameFi coins, let’s look at Illuvium. Fueled by the revelation of Epic Games’ popularity, the blockchain gaming token ($ILV) quickly skyrocketed by a whopping $79.5% in just seven days and <span class="tw-text-success-500 dark:tw-text-success-400 tw-break-words" data-json="{"aed":122.581,"ars":122.523,"aud":124.969,"bch":98.719,"bdt":122.455,"bhd":122.637,"bmd":122.588,"bnb":85.871,"brl":117.433,"btc":66.622,"cad":126.313,"chf":122.262,"clp":120.546,"cny":122.203,"czk":121.165,"dkk":121.383,"dot":68.623,"eos":78.068,"eth":64.992,"eur":121.346,"gbp":123.854,"hkd":122.279,"huf":116.516,"idr":122.554,"ils":116.471,"inr":122.627,"jpy":126.663,"krw":117.626,"kwd":122.383,"lkr":124.856,"ltc":94.042,"mmk":122.445,"mxn":120.908,"myr":120.986,"ngn":134.187,"nok":131.128,"nzd":128.395,"php":119.329,"pkr":126.523,"pln":116.375,"rub":104.568,"sar":122.587,"sek":123.599,"sgd":122.212,"thb":117.62,"try":129,"twd":124.156,"uah":119.844,"usd":122.588,"vef":122.588,"vnd":122.1,"xag":114.85,"xau":111.353,"xdr":122.01,"xlm":89.373,"xrp":66.643,"yfi":73.932,"zar":118.612,"bits":66.622,"link":10.839,"sats":66.622}” data-coin-id=”14468″ data-up-class=”tw-text-success-500 dark:tw-text-success-400″ data-down-class=”tw-text-danger-500″ data-24h=”false” data-target=”percent-change.percent” data-show-solid-arrow=”false” data-formatted=”false”>122.6% over the last 30, reaching a coin price of $90.43 and a 24-hour trading volume of $77,012,963.
Similarly, ImmutableX ($IMX) also rose significantly last week, up 32.9%, sparked for its innovative partnership with world-famous gaming titan Ubisoft. Today, the token’s 24-hour trading volume stands at a staggering $594,694,735, more than 50% of the coin’s market capitalization of $1,132,601,917.
Additionally, the Star Atlas DAO token, $POLIS, saw a recent rally, rising 20.9% in just 24 hours. Otherwise, the reason behind the token’s rapid rise includes acting as a gateway for governance in the sci-fi-based Metaverse game built on the Solana blockchain network, meaning new developments are taking place.
$POLIS 7-Day Trading Volume (CoinGecko)Another blockchain gaming token worth highlighting is Gala Games’ native token, $GALA, which rose a notable 25.5% last week. The reasons behind the popularity of the token include the trial version of ‘The Walking Dead: Empires’ that was recently launched in the Gala ecosystem.
Last but not least, The Sandbox, which has a 24-hour trading volume of $137,275,405.38, is rising. Despite falling -4.8 in the last 24 hours, $SAND has improved 5.3% in the last 7 days with potential for further growth following the recent Metaverse collaboration with Gucci.
These successes showcase the dynamism and diversity of metaverse/blockchain gaming tokens, highlighting their significant contributions to the relentless resurgence of the Web3 space and the promising future beyond NFTs and big-name digital currencies.
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