GameFi Tokens Rally as The Sandbox Leads with 25% Surge
MANA
SAND
AXS
The gaming cryptocurrency sector is showing signs of momentum, with The Sandbox (SAND) leading the rally among major GameFi tokens. This surge comes amidst the overall crypto market correction which saw Bitcoin fall below the $98,000 level and Ethereum below $3,500. The overall GameFi market capitalization has reached $24.1 billion, marking an 8.8% increase in the last 24 hours, according to CoinGecko data.
SAND has emerged as the standout performer, surging 25.71% with a trading volume of $6.48 billion and a market cap of $1.84 billion. The token's strong performance has placed it second among gaming tokens by market capitalization, as per the data from SoSoValue.
Following SAND's impressive gains, other gaming tokens showed mixed results. Decentraland's MANA increased by 2.20%, trading at $0.6832 with a market cap of $1.28 billion. WEMIX continued the positive trend with a 3.60% gain, while XAI posted a modest 0.96% increase.
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