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Gaming Tokens Announce Altcoin Season

Mexico, San Luis Potosí, Texas
Published 1 month ago
ID #1059
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Gaming Tokens Announce Altcoin Season
Mexico, San Luis Potosí, Texas,
Published 1 month ago

Description

While Bitcoin is still in a cooling period after hitting its all-time high in early November and the decentralized finance (DeFi) sector is in an apparent dry spell, gaming tokens appear to have garnered attention with huge gains. across the industry.

The Sandbox's SAND made the headlines by leading the buzz for gaming tokens, with gains of more than 340% in the last month. Another is GALA, with a similar rebound of 300% in November. These types of coins, including those in the metaverse realm like MANA from Decentraland and ILV from Illuvium, gained momentum following the renaming of Facebook (NASDAQ: FB) to Meta, suggesting that gaming tokens could be preceding a new one. altcoin season.

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An altcoin season is defined when most of the major altcoins outperform Bitcoin (BTC) for a given period. For example, Cointelegraph Markets Pro uses two weeks in its algorithm, and it currently issues a 40% reading in favor of altcoins. This means that altcoins have done better than BTC over the two week period.


 

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    eduardo
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    Listing location

    Mexico, San Luis Potosí, Texas
    St Potosi Libr 45