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The cryptocurrency market has been bleeding red in recent days. bitcoin Gaming tokens are the hardest hit, with the halving currently expected later on Friday. Some notable tokens fell by more than 30% and hit record low prices.
The price of BTC has fallen more than 12% this week, falling to around $61,500 at the time of this writing after exceeding $71,000 earlier this week. and Ethereum It has fallen nearly 15% over the past week and is now worth just $3,000.
Many major tokens recorded even bigger declines this week. Solana plummeted by 22% avalanche It is down 28% in the last 7 days. However, the performance of some gaming tokens deteriorated further during the period. CoinGecko.
GALA, Token gala games The ecosystem is having an even tougher week thanks to a 32% plunge in the price, currently at around $0.04. immutability (IMX), the most valuable gaming token with a market capitalization of $2.7 billion, fared slightly better, down 27% to $1.89. However, tokens on the Ethereum scaling network fell nearly 50% in just one month.
Gaming tokens launched this year are among the hardest hit tokens. pixel (PIXEL) has fallen 39% in the past week alone and is currently priced around $0.40. Shai The (XAI) gaming network’s token fell 34% to $0.68. door (PORTAL) It has fallen 34% over the past seven days to $0.99. Both Pixel and Portal tokens hit record lows on Saturday.
However, some prominent long-term tokens are not doing much better this week. axi infiniti (AXS) and Ape Coin (APE) is down 27% overall this week. sandbox (SAND) fell 28%; illubium (ILV) fell 29%.
There is one rare exception. These are GOG tokens for Guild of Guardians, Immutable’s mobile fantasy game. Finally released in May After years of public development, the current price is above $0.29, up 69% on the week.
Last week, Immutable announced a crossover event with card battle game Gods Unchained. Guild of Guardians themed expansion pack released.
Edited by Ryan Ozawa.