The narrative of the 12 months to date is three months of rising tide, adopted by extra unsettled waters. The upside in fact is that extra unstable situations are higher when it comes to 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 constructive sentiment has modified. Whereas all however 4 of the 20 gaming tokens within the prime 300 ranked cryptos have 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 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 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 continues to be holding onto some positive factors from its launch on Ronin, and GTA-in-Miami’ Wilder World’s WILD token. Wilder World’s racing sport demo is at present making ready for its Epic Video games launch, and has additionally signed a cope with 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 because of forthcoming AI sci-fi simulator Colony, albeit not due till early 2025. PRIME is up 108% YTD.
Additionally selecting up momentum, though not throughout the prime 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 continuously throughout all time metrics throughout 2024.