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 , 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 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.