Gaming – 2024-05-05

Immutable continues to⁢ lead the gaming crypto ​category with a market cap of approximately ‍$3.2 billion, despite a⁤ 2.3% ⁣drop over the past 24 hours. It nevertheless ‍shows mild resistance to further declines with a slight 2.8% increase‌ over⁣ the last 90 days.

FLOKI, standing out for ⁣its exceptional 590.5% increase in the last 90⁣ days, marks a significant ⁣rally among gaming cryptocurrencies. Although ⁣it‍ has seen ⁣a slight daily decrease of 1.7%, its 7-day​ rise⁢ of 5.5% indicates continuing investor⁤ interest and potential for further gains.

Beam, ​despite a pullback of 0.9%​ today ‍and ⁣a 9.6% decrease over the week, has ‌shown resilience over three months with an impressive 46.4% increase, reflecting‍ a mid-term recovery potential in ‍its⁤ market ‍value.

MultiversX and​ Axie Infinity are experiencing notable ⁣downturns, with both showing declines of over 23% for the last 30 and 90 days, which might ​raise concerns among long-term investors about their current market positions and future prospects.

Oasys emerges as the⁣ top performer of the day in the gaming category ⁣with ⁢a 6.2% uptick, ​possibly due to new game releases or partnership announcements which traditionally stimulate short-term purchasing ⁣behavior among ‌investors.

Conversely, Echelon Prime and Gaimin are facing significant⁣ sell-offs, with Echelon‌ Prime leading the ​downturn ⁣at -7.5% over 24 hours, which could be ⁢a result of negative news or ⁣investor responses to broader economic conditions impacting high-risk assets like gaming ​cryptocurrencies.

Looking at weekly performance, Heroes of Mavia⁣ deserves mention⁣ as it ‌topped the list with a 5.9% gain, ⁤perhaps indicating strong ⁢player ‌engagement ​or effective new​ updates or features that enhanced its token’s attractiveness.

In terms of‍ monthly performance, Guild⁢ of Guardians led the‌ pack ⁢with a notable 97.1% increase, likely ⁣driven ⁣by‌ significant ⁣developments or adoption‍ within ⁢its gaming ecosystem, suggesting a bullish outlook for its⁢ application ‌and ⁢user base ‍expansion.

On the downside, GameGPT’s steep 59.8% drop highlights severe market challenges or potential issues within the‍ game’s operational aspects or critical reception, marking ⁣it as a riskier bet in the current‍ gaming crypto landscape.

Over the past three months, BADMAD ROBOTS’ outstanding 665.5% surge headlines the high performers, setting a‌ remarkable benchmark in the sector ⁤possibly supported by groundbreaking technology integration or strategic industry alignments.

Long-term scrutiny shows Portal with a concerning -81.6% ⁤decline over the past 90 days,⁤ spotlighting possible ⁢severe internal setbacks or⁣ failing ⁤market​ faith in⁤ its future utility and user base growth.