Ethereum Gaming Tokens AXS, SAND and MANA Crash, Erasing Most of Weekly Gains

Jul 9, 2021 | Decrypt News | 0 comments

ethereum-gaming-tokens-axs,-sand-and-mana-crash,-erasing-most-of-weekly-gains

Several of the top Ethereum-based gaming coins have crashed overnight, though they’re still enjoying double-digit percentage gains this week.

Axie Infinity’s AXS token leads Ethereum’s gaming pack. While it may have lost 10%, at a price of $12.14 it’s still up 98.79% from this time last week, according to data aggregator CoinMarketCap. AXS is the native token for Axie Infinity—a game touted as a ‘Pokémon inspired universe’ by its creators. 

 

The second biggest grower in Ethereum’s gaming cryptoverse is The Sandbox’s SAND token, which sank 18.71% overnight to hit $0.38, although it boasts a 67.73% growth in value on last week. 

The Sandbox project is a community-driven metaverse where users can make their own NFT gaming worlds and sell them for SAND, an ERC-20 token with a finite supply. 

The Sandbox has already licensed content from The Smurfs, The Walking Dead, and electronic musician Deadmau5 ahead of its public alpha test, which is expected to drop at an unspecified point later this summer, according to a blog post by the developers.

Finally, although Decentraland’s MANA token boasts seven-day gains of 21%, it crashed 16% overnight to hit a new price of $0.62. 

Decentraland combines gameplay aspects from Minecraft and Second Life into an open world environment, which, on Sunday, will play host to one of Ethereum’s first ever virtual music festivals. Virtual real estate in Decentraland is already selling for almost $1,000,000

Looks like it’s all-round stormy growth for the ERC-20 open-world gaming tokens.

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.

News Source from Decrypt.co

Related Articles

Vermont Is Fourth State to Target BlockFi’s Bitcoin Savings Accounts

Vermont Is Fourth State to Target BlockFi’s Bitcoin Savings Accounts

Vermont is the fourth state to issue an order against crypto lending firm BlockFi's high-interest savings accounts for offering unregistered securities. Details of the notice served by Vermont's financial regulator aren’t yet available but BlockFi informed customers...

Here are the 12 biggest crypto hires thus far in 2021

Here are the 12 biggest crypto hires thus far in 2021

Quick Take There has been a big increase in the flow of talent from Wall Street to the crypto world. We take a look at the 12 biggest moves that have happened so far this year. This feature story is available to subscribers of The Block Daily. You can continue reading...

Countries representing over 90% of global GDP are exploring CBDCs

Countries representing over 90% of global GDP are exploring CBDCs

Governments around the world are pouring more resources into CBDC research and exploratory use cases. Among the major economies, China appears to be pulling ahead and has plans to implement digital-yuan usage during the 2022 Winter Olympics in Beijing. The quest to...

Pin It on Pinterest

Share This