Summary
TLDR: Crypto tokens tied to blockchain games like XAI, BEAM, PRIME, and MAVIA are surging to new all-time high prices amid the Bitcoin and Ethereum boom. These tokens have seen significant growth since their launch, with XAI, BEAM, and MAVIA experiencing sharp spikes in value. These gaming tokens are outperforming longer-running coins like IMX, SAND, APE, and GALA, which are still below their all-time high prices. The recent surge in gaming token prices coincided with the launch of PIXEL, the token of the game Pixels on the Ronin Network.
Key Points
1. Crypto tokens tied to prominent blockchain games are surging amid the Bitcoin and Ethereum boom, with tokens like Xai, Beam, Heroes of Mavia, and Parallel reaching new all-time high prices.
2. XAI, the token from the Arbitrum-based layer-3 gaming network, spiked to a new peak price of $1.39 and has a market cap of $359 million, making it one of the top 200 cryptocurrencies by market cap.
3. BEAM, the token of the Beam gaming network built on an Avalanche subnet, is up 10% today with a market cap of nearly $1.8 billion, making it the second-largest gaming-centric token behind Immutable (IMX).