As crypto winter finally seems to take a pause, these 10 gaming tokens are seeing massive price increases with further potential to grow.
The broader cryptocurrency market looks bright at the start of 2023, as does the data encryption game dynamic password. As a major game news report, the average price of cryptocurrencies related to the type of games rose by more than 100% in January.
The increase of game currency
Delphi data, a cryptocurrency analysis platform, recently released a comprehensive report on games in January, exploring a bright spot in the overall price increase of 102% for the top 10 games by market capacity the previous month.
The report declares:
Many top game currencies have achieved triple-digit growth in the past 30 years, and game-related funds have also increased compared with December of previous years.
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In addition, the results show that as of January 25, the prices of the top 10 game coins by market capitalization have all risen by at least 50%, some of which may be 200% higher than at the beginning of the month.
Rise in market prices
Among the coins mentioned in the report, Apecoin, Axie Infinity, Sandbox and Gala are one of several coins whose prices have increased significantly in recent years. Other coins include Enjin, ImmuableX, Magic, Wax and Move-to-Lain (M2E) service platform Stepn. ApeCoin (APE) rose nearly 58% last month, but those gains have slowed or even reversed in the past week. Even so, APE is up 46.26% from the start of the year, and at the time of this writing, the stock price is $5.65.
In addition, according to CoinGape's encryption market tracking data, Axie Infinity's situation has remained basically the same since January 25, when the company's stock price was up 85.16% over the same period. The current transaction price of the Alt currency is US $11.51, up 82.11% so far this year. On the other hand, broken Stone, the original representative of sandboxie's Unreal World Game, has recently experienced a sharp rise in prices, as the company announced that it has signed an agreement with Bangladesh to develop and design Unreal World.
All in all, the top 10 cryptocurrency game currencies tracked by Delphi's report continued to rise again on the premise of a rise in January, most of which achieved impressive sales in the first week of February, when their collective average price rose 116.46%. Although this is a rising game information about cryptocurrencies, the encryption market has shown a trend of changing more frequently than expected.