Crypto tokens tied to gaming-centric networks and high-profile games in the Ethereum ecosystem are among the biggest gainers in a broadly green market, with tokens like Illuvium (ILV), Ronin (RON), and Immutable (IMX) marking massive double-digit percentage gains over the past week.
Illuvium, an anticipated NFT game that runs on Immutable X, marked an 86% price jump over the past week at the current price above $95, per data from CoinGecko, and has more than doubled in price over the past month with an 141% increase.
Much of that gain came on Wednesday after the creators of Illuvium announced that the game will launch on the Epic Games Store, a prominent marketplace for mainstream PC games, and that the next beta test for the game will release later this month.
Immutable’s own token has also surged, with IMX up 50% this week to a current price of $1.04 per token. IMX has also doubled in the past month, with a nearly 103% price bump during that time. The gaming-centric Ethereum scaling network has made numerous recent announcements, none bigger than a partnership with Assassin’s Creed maker Ubisoft on Thursday.
Another big winner this week is RON, the token of the Ronin network, an Ethereum sidechain. Ronin’s token popped 53% this week to a current price of $0.78, and is up 88% over the past month. The network, best known for hosting Axie Infinity, has seen surging active users thanks to the recent buzzy launch of Pixels, another play-to-earn title.
GALA, the token of the Gala Games ecosystem, pumped 33% this week and 87% over the past month. Meanwhile, Axie Infinity’s AXS token is up 12% this week and nearly 46% this past month, while The Sandbox’s SAND token marked a 12% weekly jump and 45% rise over the last 30 days.
Such gains are outpacing the crypto market’s most valuable coins. Bitcoin, for example, is up nearly 8% this week and 39% over 30 days, while Ethereum surged 16% this week and is up almost 35% during the past month.
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Source: https://decrypt.co/205508/ethereum-gaming-tokens-skyrocket-illuvium-ronin-immutable
