Gaming and metaverse tokens surge once again as ‘The Sandbox’ nears launch


Crypto metaverse and gaming tokens are having another strong day, even as the overall market remains tepid, as excitement builds for the release of Animoca Brands’ The Sandbox virtual world.

The Gala Games token was up 23.7 per cent this afternoon to US53.8c, and had earlier hit an all-time high of 59.6c. In early September, the ERC-20 token was trading for just 2.3c, and it started the year at just 0.15c.

The coin is used as in-game currency in the Gala Games blockchain gaming ecosystem, founded by gaming legend Eric Schiermeyer.

Illuvium, a gaming token founded by Sydney brothers Kieran and Aaron Warwick, was up 17.9 per cent to $1,608, and had earlier hit an all-time high of $1,641. It’s now the No. 124 crypto.

Animoca Brands’ SAND token was up another 22.3 per cent to $7.72, and yesterday hit an all-time high of $8.01.

The token powers The Sandbox, a crypto Minecraft-style game that is releasing an alpha test version on Monday that’ll last through December.

 

Sports brand Adidas recently teased a partnership with the Sandbox and other brands as such as Atari, Bored Ape Yacht Club, Binance, Snoop Dogg and The Smurfs are also on board.

A virtual mega yacht for The Sandbox even recently sold for 149 Ethereum ($650,000), making it the most expensive NFT in the platform.

Decentraland and Enjin Coin hit all-time highs yesterday, and smaller gaming tokens Wilder World, UFO Gaming, Aavegotchi, Phantasma, Ultra (UOS) also all have within the last 24 hours.

Crypto market up 1.3%

Overall the crypto market this afternoon was at US$2.72 trillion, up 1.3 per cent from yesterday.

Bitcoin was trading at US$57,268, up 1.4 per cent from yesterday, while Ethereum was changing hands for US$4,293, up 0.5 per cent.

The biggest mover in the top 10 was Solana, down 5.1 per cent to $207.79.

Coingecko

Other than GALA and SAND, sports fan token Chiliz was another big gainer, rising 19.4 per cent to US51c.

The Curve DAO Token, Mina Protocol, Wax and Loopring were all up by between 18 and 15 per cent.

On the flip side, Amp was down 8.1 per cent to 5.9c, the biggest loser in the top 100.

 





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