The rise in GameFi tokens’ value has the potential to attract more players and investors to the blockchain gaming industry, which is still in its early stages. As more players and investors enter the market, the future of GameFi tokens looks bright.
The success of these tokens is also due to the increasing popularity of Play-to-Earn (P2E) games such as Axie Infinity, which has attracted more than 1 million active daily users.
These games offer an immersive gaming experience and allow players to trade their in-game assets on the blockchain. AXS is currently trading at 5.206 USDT, with an boost of 11.71% in 24 hours, and YGG is currently trading at 0.5490 USDT, with a 24-hour boost of 10.45%.
The surge in GameFi tokens’ value can be attributed to the general rise in interest in blockchain-based gaming. BIGTIME, MANA, SAND, AXS, and YGG were among the top performing tokens, with significant boosts in their value over the past 24 hours.
BIGTIME is currently trading at 0.175 USDT, with a 24-hour boost of 38.03%. MANA is currently trading at 0.3399 USDT, with an boost of 14.15% in 24 hours. With the potential for significant returns on investment, GameFi tokens are becoming an increasingly popular choice for investors looking to diversify their portfolio.
Overall, the rise in GameFi tokens’ value as Bitcoin reaches new highs is a testament to the growing interest in blockchain-based gaming and the potential for significant returns on investment. These games offer the opportunity for players to earn cryptocurrency as rewards for playing, making it a promising investment opportunity for gamers and investors alike.
Title: GameFi Tokens Experience Significant Gains as Bitcoin Reaches $69,000
Source: BlockBeats news
Date: October 19
As Bitcoin reached an all-time high of $69,000, GameFi tokens experienced general gains in the market. SAND is currently trading at 0.2926 USDT, with a 24-hour boost of 12.08%.
