4 GameFi Rising Altcoins On The Move As Bitcoin Flirts With ATH
The bullish trend in the crypto market is in an uptrend as Bitcoin’s price surge propels it near all-time highs, currently soaring past the $67,000 mark. This upswing has sparked a notable ripple effect, buoying 4 GameFi altcoins now experiencing significant movements.
Among these, Apecoin (APE), Alien Worlds (TLM), STEPN (GMT), and Gala (GALA) stand out for their dynamic performances. These digital assets capture attention for their unique contributions to the blockchain gaming and finance ecosystem.
1. Hedera (HBAR)
Hedera (HBAR), the native cryptocurrency of the eco-conscious Hedera network, serves multiple key roles, including transaction fees and network security, through a proof-of-stake protocol. With a cap of 50 billion coins, HBAR is accessible across various trading platforms.
Utilizing HBAR encompasses a range of network functionalities, from transferring HBAR itself and minting fungible and non-fungible tokens to smart contract executions and data storage. Built on the hashgraph consensus, the Hedera network prides itself on achieving top-tier security standards (ABFT) with rapid transaction speeds and minimal bandwidth usage.
Recently, HBAR has shown impressive market performance, with its price rising to $0.1263, marking a 7.01% increase within a single day. This upswing is part of a larger trend, as the cryptocurrency has surged over 85% in the last month. Currently positioned at 32nd on CoinMarketCap, Hedera boasts a live market capitalization of $4 billion.
2. Alien Worlds (TLM)
Alien Worlds (TLM) stands out in the digital realm as a blockchain-based, NFT-driven universe. In this interactive space, players vie for the coveted Trillium (TLM) resource amidst a bustling economy spread across various planets. The game integrates DeFi features, allowing participants to grow by staking TLM and casting votes within the governance of Planet DAOs.
The value of TLM has hit $0.026708, showcasing a remarkable 26% jump over the past week and an impressive increase of over 110% in the last month. Such dynamics underscore the asset’s strong upward momentum, positioning it as a top investment choice among alternative cryptocurrencies.
Ranking at 441 on CoinMarketCap, Alien Worlds boasts a market capitalization of $108,002,462, highlighting its growing significance in the crypto landscape.
3. STEPN (GMT)
STEPN (GMT) introduces an innovative health and fitness application that motivates users to stay active by offering rewards for movement. This unique platform allows individuals to earn tokens and NFT rewards through outdoor activities equipped with Sneaker NFTs.
STEPN’s ecosystem is comprehensive, featuring an integrated wallet, a feature for token swapping, a vibrant marketplace, and a novel RNPL (Rent Now, Pay Later) system. This strategy positions STEPN as a crucial link between cryptocurrency enthusiasts and newcomers to the digital currency space.
The platform utilizes a dual-token approach, comprising a game token known as the Green Satoshi Token (GST) and a governance token, the Green Metaverse Token (GMT). GMT serves as the governance backbone of STEPN and is employed in several key functions within the ecosystem.
As of the latest update, the GMT token is trading at $0.332968, marking a significant 4.49% increase over the past 24 hours. Its market capitalization is $585,852,369, placing it 136th on CoinMarketCap’s rankings. The token has seen a remarkable growth of over 34% in the past month, signaling a strong upward momentum in the market.
4. Gala (GALA)
Gala (GALA), the core cryptocurrency powering Gala Games, is the essential medium for obtaining NFT assets. It also rewards those operating Founder’s Nodes for their role in network maintenance. Additionally, GALA underpins transaction costs within the Gala blockchain environment. A daily allocation system divides GALA tokens equally, half to node operators and half retained by the Gala Games stewardship.
Lately, GALA has exhibited positive momentum in its trading activity. This uptrend has captivated an expanding investor base, significantly enhancing its market value. GALA’s price has soared to $0.04533, marking a 31% rise in just a week, positioning it as a notably ascending alternative coin.
Bottom Line
Bitcoin’s surge has sparked interest in GameFi altcoins such as Apecoin, Alien Worlds, STEPN, and Gala, showcasing the sector’s growth potential. This trend underlines the crypto market’s dynamic nature, hinting at a promising intersection of blockchain technology and gaming, poised for further expansion and innovation.
The post 4 GameFi Rising Altcoins On The Move As Bitcoin Flirts With ATH appeared first on CoinGape.
Filed under: News - @ January 1, 1970 12:00 am