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The price of gaming tokens is skyrocketing submitted by /u/the_phallus_of_joy
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Keep in mind that the gaming tokens with the largest market capitalization experienced an average price gain of more than 100% back in January.
Even now, the price of gaming tokens is skyrocketing.
The dollar value of the open futures contracts linked to AXS rose to its highest level yesterday, marking the entry of fresh capital into the market. After CoinDesk announced that Axie's card-based strategy game was making its debut on the Apple app store, AXS surged.
Following the news, AXS jumped over 12% from $7.16 to $8.04, taking the top spot on the CoinDesk Indices leaderboard.
When I checked the Bitget today, I discovered that the MagicCraft token, MCRT, had risen to the top gainers!
I believe this trend may persist as more companies benefit from blockchain technology's advantages in the gaming industry.
Due to the emergence of NFTs, the advent of DeFi games, the growing adoption of blockchain technology, and the relevance of partnerships and collaborations, the industry is well-positioned to provide innovation and growth in the gaming sector.
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