Gaming Tokens Outperform as Bitcoin Reclaims $66K: IMX, BEAM, FLOKI

The ongoing bull rally, led by Bitcoin’s recapture of the $66K price point, has positively impacted the gaming token sector. Among the top-performing crypto assets in this market is Immutable (IMX), a layer-2 scaling solution for NFTs on Ethereum that powers a range of blockchain games.

At its current price of $1.62, IMX has grown 12% in the last 24 hours alone. While today’s gains further elevate its one-week performance to a substantial 23% increase, IMX has not fully recovered from the loss it incurred over the last 30 days.

Swiftly following IMX in recent price performance is BEAM, which has posted growth of over 21% in the past week and an additional 5.33% in the last 24 hours. Also, Floki, the biggest meme-inspired token on BNB Chain, is another standout performer in the gaming sector. FLOKI has surged 20% in the last seven days, trading at $0.000185 at press time.

Notably, FLOKI reached an intraday high of $0.0001938 but had already corrected most of these gains at press time. FLOKI was one of the best-performing assets in Q1 and Q2, rallying by over 800% to shatter its 2021 all-time high and set a new one at $0.0003462 just last month.

Also, the SAND token of Sandbox, a popular virtual world where players can build, own, and monetize their gaming experiences, has recently seen a resurgence in activity. SAND posted a 24-hour uptick of 3.85%, elevating its weekly performance to 15%. Despite this, SAND investors are still down over 24.14% from the asset’s monthly high.

Other notable performers in the gaming sector include MultiversX (EGLD), Notcoin (NOT), Axie Infinity (AXS), and Gala, all of which have seen positive gains today.

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