The narrative of the yr up to now is three months of rising tide, adopted by extra unsettled waters. The upside in fact is that extra unstable circumstances are higher by way of separating the wheat from the chaff.
So, at a fast have a look at how the current downturn has impacted the sector, it’s clear that the overwhelmingly optimistic sentiment has modified. Whereas all however 4 of the 20 gaming tokens within the high 300 ranked cryptos have been nonetheless within the inexperienced on the finish of Q1, now solely seven of the 21 gaming tokens within the high 300 are up year-to-date.
So what’s modified essentially the most?
Notable is that high gaming crypto IMX from Immutable, which is now down YTD, can also be slipping within the high crypto rankings. At one level it was within the high 25 however now it’s at #42.
One other notable change is Ronin’s RON token flipping Axie Infinity’s AXS token. This was one thing that appeared inevitable within the medium time period – the worth of the blockchain versus the worth of the sport operating on the blockchain – however now it’s solely occurred because of AXS having misplaced worth sooner than RON over the previous 30 days.
Certainly, the one two tokens to have elevated their worth up to now month are Yield Guild Gaming’s YGG, which remains to be holding onto some beneficial properties from its launch on Ronin, and GTA-in-Miami’ Wilder World’s WILD token. Wilder World’s racing recreation demo is at present getting ready for its Epic Video games launch, and has additionally signed a take care of Samsung as a part of its forthcoming web3 TV bundle.
Regardless of these circumstances, one outstanding token stands out as a winner. Parallel Studios’ PRIME token, which in addition to being dwell in its TCG Parallel, is constructing loads of anticipation due to forthcoming AI sci-fi simulator Colony, albeit not due till early 2025. PRIME is up 108% YTD.
Additionally choosing up momentum, though not throughout the high 300 cryptos but, is the GOG token from Immutable’s cellular RPG Guild of Guardians, which launches on app shops on fifteenth Might.
Up 83% YTD, it’s the one token to have seen its worth rise consistently throughout all time metrics throughout 2024.