Cryptocurrency Q&A
What is the market cap of gaming coins?
What is the market cap of gaming coins?
SumoStrength
Wed Sep 18 2024
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5 answers
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I'm curious to know, what exactly is the market capitalization of gaming coins in the cryptocurrency market? With the growing popularity of blockchain-based games and the emergence of numerous gaming-focused tokens, I'm wondering how significant their collective value is compared to other sectors within the crypto space. Is there a specific methodology or formula used to calculate the market cap of these gaming-related digital assets? Additionally, how do factors such as user adoption, game popularity, and the overall performance of the cryptocurrency market impact the market capitalization of gaming coins?
5 answers
Alessandra
Fri Sep 20 2024
Among the top gaming (GameFi) coins by market capitalization, Axie Infinity's AXS token stands out with a market cap of 0.5593 billion. This token is closely tied to the popular play-to-earn game, Axie Infinity, which has gained significant traction in recent times.
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GyeongjuGrace
Fri Sep 20 2024
Another notable GameFi coin is GALA, with a market cap of 1.095 billion. GALA is the native token of the Gala Games platform, which offers a wide range of blockchain-based games and experiences.
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Lucia
Fri Sep 20 2024
Beam (BEAM) is another GameFi coin that has garnered attention, with a market cap of 0.81103 billion. Beam is a privacy-focused cryptocurrency that aims to provide users with secure and anonymous transactions.
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Raffaele
Fri Sep 20 2024
The Sandbox (SAND) is another top GameFi coin, with a market cap of 0.7628 billion. SAND is the utility token of The Sandbox platform, which allows users to create, share, and monetize their own voxel-based games and experiences.
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SsangyongSpiritedStrengthCourage
Fri Sep 20 2024
Cryptocurrency and finance have emerged as prominent sectors in recent years, with a myriad of opportunities and challenges for investors and practitioners alike. One of the key aspects of this industry is the constant evolution of digital assets, including those related to gaming and decentralized finance (DeFi).
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