- Immutable’s IMX hits multi-year high of $3.09 after surging 37% and hitting top 25 cryptos by market cap
- Beam’s BEAM jumps 70% to new all-time high and MAVIA quadruples after 100k player airdrop as gaming tokens rally
- Top gaming tokens like AXS, SAND, GALA, and ILV post double-digit gains as Bitcoin reclaims $50k, but RON drops after Binance listing before regaining ground
Bitcoin has reclaimed the $50,000 mark for the first time since 2021, sparking a rally for gaming tokens. As the overall crypto market sees renewed optimism, gaming crypto assets like Immutable and MAVIA are posting sizable gains.
Immutable Hits Multi-Year High
Immutable, the native token for the Immutable X and Immutable zkEVM gaming networks, recently rose above $3 for the first time since February 2022. As of writing, IMX sits at $3.09 – representing a 37% increase over the past week. This price spike has pushed Immutable into the top 25 cryptocurrencies by market capitalization.
Beam and MAVIA See Massive Gains
BEAM, the token for the Beam gaming ecosystem, has jumped 70% over the past week and reached a new all-time high on Monday. Meanwhile, MAVIA, the freshly launched token for strategy game Heroes of Mavia, has quadrupled in value since its debut last week. An airdrop to 100,000 players and NFT holders has helped drive interest.
Other Gaming Tokens Post Gains
Beyond Immutable, Beam, and MAVIA, other major gaming tokens are trending upward. Axie Infinity’s AXS is up 13%, The Sandbox‘s SAND has risen 12%, and Gala Games’ GALA has popped 13%. Illuvium’s ILV has spiked 35% over the past seven days.
The Outlier: Ronin
Ronin’s RON token is one exception to the gaming rally, dropping nearly 4% over the past week after debuting on Binance. However, RON has started to regain ground in recent days.
Conclusion
Bitcoin crossing $50k has lit a fire under gaming tokens, with major assets like Immutable and MAVIA posting eye-popping gains. Other top gaming cryptos are trending upward as well amid renewed crypto market optimism. However, some assets like RON have diverged from the pack after major exchange listings.
