Gaming Tokens Lose Steam Despite $4T Crypto Market Rally

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In the most recent days, the wider crypto market has touched the market capitalization of $4.00 trillion, yet when writing it was $3.8 trillion with an intraday decline of 1.25% and the trading volume is $210.45 billion.

Despite peaking market cap and volume of the wider market, the gaming token category remained slow in terms of growth and profitability

During this bull run, cryptos like Bitcoin, Ethereum, Solana, BNB, and Dogecoin, including others, have reached annual highs and some of them even broke the all-time high, establishing a new ATH.

Bitcoin succeeded in breaking its ATH and now its all-time high is $124,457, marked on August 14 this year. Ethereum broke its ATH, reaching $4,953 on August 25.

At the same time, Solana is trading at $187.72 with a loss of 5.30% in the past 24 hours, and Dogecoin is now priced at $0.2098 with a loss of 4.54% in the same time frame.

The crypto gaming token growth remained slow

According to the data from CoinMarketCap, the gaming token market has a market cap of $18.68 billion, which fell by 11.23% in the past 30 days and bled nearly 2.45% intraday.

Yet in terms of market capitalization, Render token stands at the top with $1.79 billion and is priced at $3.45, followed by Four, which has a cap of $1.34 billion, and its trading price is $3.52

In the past 24 hours, the top gainers of the list are OMI, which added 123.81% followed by GMRT grew by 46% and EXVG marked an uptick of 43.72%.

Gala, one’s the top gaming tokens, is now standing on the 7th rank in terms of market cap with $740.51 million and is priced at $0.01616 with a decline of 4.53% in the past 24 hours and is down by 25% in the 52-week time frame.

At a time in 2021, Gala token was seen trading at $0.8367, which is its all-time high, 98.01% greater than it press time trading prices

However, the weekly gainers are Pineye, which grew by more than 217% reaching $0.0004805, followed by MEGAWEAPON, which reached $0.05664, and ECOMI, which added 144.35% reaching $0.0004609

On the other hand, Baby Shark Universe lost 35% of its price, reaching $0.1185, followed by Wilder World, now exchanging hands at $0.3340 with a decline 25% and inSure DeFi lost 21% reaching $0.001078

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