The post Ronin and Beam Gaming Tokens Surge, Outpacing Bitcoin and Ethereum appeared on BitcoinEthereumNews.com.

With Bitcoin and Ethereum still gaining in recent days, gaming-centric tokens are broadly continuing pace—with buzzy tokens tied to the Ronin and Beam networks leading the charge among large-cap projects. RON, the token of gaming-centric Ethereum sidechain network Ronin, has popped 21% over the last 24 hours to a current price of $1.75, continuing a recent surge in value for the token that’s led to a 67% weekly gain and sizable 197% jump in the last 30 days per data from CoinGecko. Ronin’s rise has been tied in large part to rising adoption linked to Pixels, a popular blockchain game that recently migrated to the network from Polygon. Ronin active users jumped after the Pixels launch, plus Axie Infinity—the monster-battling game that originally launched the network—has also seen rising momentum lately amid the improving crypto market. BEAM, meanwhile, is the Ethereum-based token of Merit Circle’s Beam gaming network, which is based around an Avalanche subnet. On Wednesday, Merit Circle announced that it would integrate the upcoming Immutable zkEVM network into the Beam ecosystem, with tools that play nice with the gaming-centric Ethereum scaling network. Prior to the announcement, BEAM climbed to a new all-time high price—and then rose even higher once the news came out, hitting a new peak just above $0.017 overnight. BEAM has settled slightly to a current price of about $0.0162. It’s up about 6% on the day, but 78% over the past seven days and 238% on the month. Merit Circle’s own MC token is also up 11% on the day to $1.67, while Axie Infinity’s AXS governance token is up 3% to $7.30 and the SLP in-game rewards token surged nearly 17% to $0.0034. Other notable gaming gainers include Immutable’s IMX token, up 6% today to $1.47 with a 16% weekly gain, while Gala Games’…

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Filed under: News - @ December 8, 2023 7:22 am