The narrative of the 12 months to this point is three months of rising tide, adopted by extra unsettled waters. The upside after all is that extra risky situations are higher by way of separating the wheat from the chaff.
So, at a fast take a look at how the latest 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 prime 300 ranked cryptos had been nonetheless within the inexperienced on the finish of Q1, now solely seven of the 21 gaming tokens within the prime 300 are up year-to-date.
So what’s modified essentially the most?
Notable is that prime gaming crypto IMX from Immutable, which is now down YTD, can also be slipping within the prime crypto rankings. At one level it was within the prime 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 on account of AXS having misplaced worth quicker 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 features 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 situations, one outstanding token stands out as a winner. Parallel Studios’ PRIME token, which in addition to being stay 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 prime 300 cryptos but, is the GOG token from Immutable’s cell RPG Guild of Guardians, which launches on app shops on fifteenth Could.
Up 83% YTD, it’s the one token to have seen its value rise continuously throughout all time metrics throughout 2024.