These 10 metaverse coins are seeing massive price spikes with the potential for further growth, as the crypto winter looks set to finally stop, according to the company.
Growth with Metaverse coin
The cryptocurrency industry started 2023 with an optimistic outlook, and metaverse coins were no exception to this trend. Cryptocurrencies of the gaming genre, which came as major gaming news, witnessed an average price increase of more than 100 percent in January.
Cryptocurrency analysis platform Delphi Digital recently published its January Game Summary report, and one of the highlights of the research is that the total price increases of the top 10 game tokens by market size in the previous month reached 102%. The report made the following claim:
“Many of the top gaming tokens have seen triple-digit growth over the past 30 days, and gaming-related funding has increased compared to December.”
https://twitter.com/Delphi_Digital/status/1623366626656587793
Also, the report saw that by January 25, the prices of the top 10 gaming tokens ranked by market cap had increased by at least 50%, with some even seeing up to 200% growth compared to where they were at the beginning of the month.
bull price movements
Among the cryptocurrencies mentioned in the report, Apecoin, Axie Infinity, Sandbox and Gala are among the few cryptocurrencies that have recorded the biggest price increases recently. Other cryptocurrencies include Enjin, ImmutableX, Magic, Wax and Move-to-Earn (M2E) platform Stepn. ApeCoin (APE) saw gains of around 58% last month, but those gains have slowed or even reversed over the past week. APE is still up 46.26% since YTD, which traded at $5.65 at the time of this writing, according to cryptokoin.com data.
Meanwhile, the status of Axie Infinity (AXS) has remained basically the same since January 25, when it registered an 85.16% YTD price increase according to the crypto market watcher. This metaverse coin is currently trading at $11.51 and is growing 82.11% year-to-date.
On the other hand, SAND, the native token of The Sandbox metaverse game, recently experienced a huge price increase with the announcement that the firm signed an agreement with Saudi Arabia for the development of its metaverse initiatives.
Overall, the top 10 metaverse coins by market cap tracked by Delphi Digital’s report continued to increase their January gains, with many posting much more impressive results in the first week of February. Despite this coming as a bullish game news for related cryptocurrencies, the crypto market has shown that it changes its trend quite often than expected.
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