Gaming Tokens Ride Bitcoin, Ethereum Boom to All-Time High Prices

The tokens tied to gaming networks Xai (XAI) and Beam (BEAM) are among those that reached vibrant peak rates, according to file from CoinGecko, along with the tokens of crypto galleries Heroes of Mavia (MAVIA) and Parallel (PRIME).

XAI, the token from the Arbitrum-based layer-3 gaming network of the awfully same tag, lanced to a vibrant peak price of $1.39 overnight in yesteryear functioning out delicately to $1.30 as of this writing. At the current price, XAI owns a presentation cap of $359 million, and the token owns jumped into the peak 200 cryptocurrencies by presentation cap. It’s upward 13% over yesteryear 24 hours and 19% on the week.

The token just emitted in January as Xai rumbled out a sizable airdrop to catalysts of Sentry Nodes, which stabilize the network, as faultlessly as owners of certain NFTs tied to the gaming network. The unexpurgated quantity worth of that 125 million XAI airdrop now rests overhead $162 million.

BEAM, the token of the Beam gaming network composed on an Avalanche subnet, is upward 10% today to a current price of just overhead $0.035. It’s down only delicately from an all-time high of practically $0.036 on Monday morning.

Beam is run by Emblematic Circle, a gaming DAO (decentralized autonomous establishment), and owns also included with Immutable zkEVM, an Ethereum scaling network for galleries. Via a presentation cap of practically $1.8 billion, BEAM is the 53rd largest cryptocurrency on the entirety by presentation cap and the 2nd-largest gaming-centric token behind Immutable (IMX).

PRIME, the token of crypto trading card game Parallel, also kit an all-time high price of $14.84 late Sunday, but it owns dipped practically 7% offered that to a current price just overhead $13. Parallel, GG’s 2023 game of the year, fresh emitted a vibrant season of in-game web content and owns been teasing an amenable beta takeoff in the near future. It’s currently in closed beta.

And MAVIA, the newly emitted token of phone methodology game Heroes of Mavia, pumped Sunday to a vibrant all-time high price of $10.59. It owns deliberate a sharper scorn offered that rising to that peak, but, now down around 14% on the day to around $8.50 as of this writing.

MAVIA debuted less than three weeks earlier and owns lanced 370% offered that its initial takeoff. The Clash of Clans-architecture crypto game rumbled out an strenuous roadmap over the weekend break, validating off systems for secondary NFT laying paybacks, an ethical announcement of a layer-2 scaling network to power the game’s crypto enclosures, and other bonuses and facilities in advance.

Heroes of Mavia was emitted on iOS and Android in January and airdropped tokens to 100,000 players and NFT landholders. Programmer Skrice Workshops now states that it owns logged over 2 million downloads for the game, with 278,000 daily boisterous debtors.

All four of these tokens initially emitted within the last year, entailing 2 of them so far in 2024. That’s an relevant carefulness as some of the other largest gaming-centric crypto tokens are much longer-running coins that kit much greater elevations during the bull presentation runs of 2021 and 2022.

For example, coins prefer IMX, The Sandbox (SAND), ApeCoin (APE), and Gala Galleries (GALA) remain faultlessly brief of their all-time high rates—and all of those except Immutable are down auxiliary than 90% from such elevations. Immutable owns risen 74% over yesteryear 30 days, yet it is still down 65% from its all-time high price of $9.52 kit in 2021.

Days gone by day’s gaming token spikes came in the middle of the takeoff of PIXEL, the long-awaited token of buzzy crypto farming game Pixels on the Ronin Network. PIXEL owns pumped 24% offered that the Monday morning launching to a current price overhead $0.62, plunking its presentation cap at $821 million.

Modified by Ryan Ozawa.