CryptoMediaClub
Monday, May 26, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Analysis

Web3 gaming tokens outperform market as hype reaches critical levels

10.12.2023
A A
0
177
VIEWS
ShareShare

The web3 gaming sector has seen growing interest from investors, resulting in notable price surges for gaming tokens in recent weeks, based on CryptoSlate data.

Gaming has outperformed other crypto market sectors with an 800% increase in value over the past months. Industry experts believe that gaming is a key narrative in the upcoming bull run, with many projects ready for launch or close to it.

Gaming Cryptos on CryptoSlate
Gaming Cryptos on CryptoSlate

A recent VanEck research report about Immutable’s IMX token and the launch of Illuvium (ILV) on a mainstream gaming platform has caused both tokens to surge more than 2x over the past few weeks, with IMX continuing its blistering climb into the weekend.

VanEck’s Optimistic Forecast

Immutable’s IMX token has experienced a notable surge in value, driven by positive forecasts from investment manager VanEck.

The asset manager anticipates that IMX is poised to become one of the top 25 coins by market capitalization, with its growth closely tied to the expected release of high-budget blockchain-based video games, including the much-anticipated Illuvium.

The IMX token witnessed a remarkable 7% increase in value on a single day, reaching $1.56. VanEck’s predictions have played a pivotal role in bolstering investor confidence in IMX’s potential.

Meanwhile, VanEck analysts Matthew Sigel and Patrick Bush expressed optimism about how Illuvium and similar projects could become another catalyst for Immutable’s token price.

They highlight that these projects, backed by significant funding and years of development, are set to launch in 2024 and have the potential to attract players on a scale comparable to traditional AAA games.

Illuvium’s launch on Epic

Illuvium, a blockchain-based gaming project built on ImmutableX’s platform and powered by Unreal Engine 5, is generating considerable buzz in the Web 3 gaming arena. With multiple games in development, Illuvium aims to release titles that can compete with the most popular non-blockchain games on the market.

The project’s native token, ILV, boasts a market capitalization exceeding $620 million and has attracted a substantial following, making it a potential catalyst for mainstream adoption of Web 3 gaming.

These impressive gains across various gaming tokens underscore the sector’s potential for further growth and innovation. As blockchain technology continues to reshape the gaming landscape, these tokens are paving the way for a transformative future in the realm of entertainment.

Hype full steam ahead

The hype around Web 3 gaming is continuing to gain steam following the recent success of ILV and IMX, and investors are starting to accumulate tokens with the “hottest narrative,” such as the newly launched Celestia (TIA), which is up more than 500% since its launch.

Meanwhile, most tokens connected to gaming ecosystems or projects close to launching are up more than 200% over the past four weeks, including DeFi Kingdoms, DeFi Land, Big Time, and EPIK Prime, among others.

Similarly, gaming launchpad tokens like Seedify and SIDUS have also posted monumental gains of more than 200% and 350%, respectively, over the past month as investors look to capitalize on presales of upcoming games.

The trend is also lifting veteran projects like GALA and AXS, which are up 43% and 36% on a monthly basis, respectively.

The post Web3 gaming tokens outperform market as hype reaches critical levels appeared first on CryptoSlate.

Share14Tweet9ShareSharePin3

Related Posts

BlackRock’s BUIDL fund breaks $1 billion in tokenized RWAs, up 56% in a month
Analysis

BlackRock’s BUIDL fund breaks $1 billion in tokenized RWAs, up 56% in a month

14.03.2025
0

BlackRock’s USD Institutional Digital Liquidity Fund, recognized on-chain as BUIDL, reached $1 billion in tokenized belongings as of March 2025,...

Read moreDetails
Bitcoin outlook strengthens as USDT market cap expands and indicators enter oversold zone

Bitcoin outlook strengthens as USDT market cap expands and indicators enter oversold zone

14.03.2025
Binance whale promoting slows, however Bitcoin miners could add market stress

Binance whale promoting slows, however Bitcoin miners could add market stress

13.03.2025
Public corporations doubled Bitcoin holdings in 2024 as accumulation surpassed earlier 5 years mixed

Public corporations doubled Bitcoin holdings in 2024 as accumulation surpassed earlier 5 years mixed

13.03.2025
Whales accumulate 65,000 Bitcoin as market uncertainty grows

Whales accumulate 65,000 Bitcoin as market uncertainty grows

12.03.2025
Load More
Next Post
Reebok Develops Blockchain-Based Virtual Gaming Experiences With Futureverse

Reebok Develops Blockchain-Based Virtual Gaming Experiences With Futureverse

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

XRP Price Forecast as Ripple Co-founder Donates $1 Million in XRP to Harris Campaign

XRP Price Forecast as Ripple Co-founder Donates $1 Million in XRP to Harris Campaign

8 months ago
OKX Secures MiCA Pre-Authorization to Provide Crypto Providers in Europe

OKX Secures MiCA Pre-Authorization to Provide Crypto Providers in Europe

4 months ago
Immunefi and Trail of Bits Introduce ‘The Rekt Test’: Elevating Web3 Security Standards

Immunefi and Trail of Bits Introduce ‘The Rekt Test’: Elevating Web3 Security Standards

2 years ago
Big Move in SAND Before Sandbox’s $134M Token Unlock

Big Move in SAND Before Sandbox’s $134M Token Unlock

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Обменник криптовалют Dmoney.cc Выгодные обмены, которым можно доверять

Greatest Presales to Purchase Now – Are These Cash the Largest Submit-Crash Winners?

BlackRock Anticipated to File for Solana and XRP ETFs, Says ETF Retailer President

Mastercard Drives Digital Cost Development in MENA Area

Bitcoin Worth Rebounds – However Is a Crash to $73K or a Rally to $90K Subsequent? 

Turkey Units Regulatory Requirements for Crypto Corporations

Trending

Обменник криптовалют TradeTo.Cash: функциональность, надежность и удобство
All news

Обменник криптовалют TradeTo.Cash: функциональность, надежность и удобство

20.05.2025
0

TradeTo.Cash — это современный онлайн-обменник криптовалют, предлагающий широкий спектр финансовых операций между цифровыми активами и фиатными валютами. Сервис...

Обменник криптовалют Perfect.Cash — Надёжный инструмент для быстрых обменов

Обменник криптовалют Perfect.Cash — Надёжный инструмент для быстрых обменов

20.05.2025
Decoding Right now’s BTC Lengthy-Brief Ratio: A Balanced View of Bitcoin Futures Sentiment

Learn how to observe the event of crypto tasks: The significance of roadmap and whitepaper updates

02.05.2025
Обменник криптовалют Dmoney.cc Выгодные обмены, которым можно доверять

Обменник криптовалют Dmoney.cc Выгодные обмены, которым можно доверять

29.04.2025
Greatest Presales to Purchase Now – Are These Cash the Largest Submit-Crash Winners?

Greatest Presales to Purchase Now – Are These Cash the Largest Submit-Crash Winners?

14.03.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz