Several gaming and metaverse tokens flew past the crypto market on Friday as major cryptocurrencies recovered from a recent defeat.
The tokens were backed by whale buying, as well as investors exploring tokens with utility-based projects.
The cryptocurrency market is up more than 14% in the past 24 hours and is now valued at $1.32 trillion. Bitcoin also regained a crucial level of $30,000.
GALA Leads Recovery
Gaming tokens like GALA, ApeCoin (APE) and STEPN (GMT) have emerged as the biggest winners of the biggest tokens. The total market cap of gaming tokens has increased by a whopping 42% in the 24 hours. The valuation of the cumulative gaming token stands at $14.23 billion. Meanwhile, 24-hour trading volume is up 21% to $11.7 billion.
The GALA token is up a whopping 82% in the last 24 hours. It has simultaneously emerged as the biggest winner in the top 100 cryptocurrencies. According to Whale Statistics, Ethereum’s (ETH) largest whales have expressed interest in the GALA token. The token has entered the list of the top 10 coins bought by ETH wallets in the last 24 hours. The ETH Whales are holding over $18.7 million worth of GALA tokens. Meanwhile, $4.92 million has been liquidated in the past 24 hours.
ETH whales buy the dip
ApeCoin is the most hyped and discussed project since its inception. The APE token is up 70% in the last 24 hours to trade at $9.2. APE’s 24-hour trading volume is up 62% to $2.7 billion. The ETH whales have added another $5.4 million in APE tokens in the past 24 hours, taking advantage of the price dump.
The STEPN is the other token that has risen to the list of top winners. Then the GMT token is up 71% in the last 24 hours. The STEPN token is just another token after ApeCoin that has continued to rise for the past 60 days. It is up 340% in the last 60 days.
Ashish believes in decentralization and has a keen interest in evolving Blockchain technology, the cryptocurrency ecosystem and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analyses. When he’s not writing, he plays video games, watches a thriller, or works out outside. Reach me at [email protected]
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This post Gaming cryptos recover the most after the latest crash, here’s why
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