April 18, 2024

Most metaverse and gaming cryptos outperformed the market today as large-cap tokens recovered from the latest broad market slump. The global cryptocurrency market cap reflected the improved mood. While publishing this content, the cumulative value of all digital tokens stood at $1.31 trillion, following an 8.03% 24hr increase.

Meanwhile, gaming tokens flourish amid purchases by large wallet investors and individuals looking for utility-based cryptos. While writing this content, Bitcoin hovered near $30,398.50, gaining 6.67% over the previous day.

GALA Leads Recovery

Gaming cryptocurrencies such as GALA, STEPN (GMT), and ApeCoin (APE) emerged as the best performers among the large-cap cryptos. The overall gaming crypto market cap saw a 42% gain within the previous day. The cumulative valuation of these assets is $14.23 billion. On the other side, the 24hr trading volume stands at $11.7 billion, reflecting a 21% increase in a day.

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GALA token led the market recovery after a staggering 82% surge within a day. That made it the top performer in the top 100 crypto-list by value. Meanwhile, WhaleStats data shows the leading Ethereum whales showed interest in GALA. The alt joined the top ten coin’s list by ETH whale buys over the past day. Ethereum large wallets hold GALA tokens worth more than $18.7 million. Meanwhile, the past 24 hours saw $4.92 million liquidated.

Ethereum Whales Buying the Dip

ApeCoin (APE) has seen steady hype within the community since its launch. The crypto gained 70% within the previous 24 hours, trading around the $9.2 value area. ApeCoin’s 24-hour trading volume noted a 62% increase to $2.7 billion. Ethereum whales scooped APE coins worth $5.4 million within the past day, capitalizing on the price dip.

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STEPN is among the tokens that joined the top gainers of the day. GMT saw a 71% increase within a day. Remember, STEPN was another coin, after APE, that saw consistent gains within the last 60 days. The alternative token surged a whopping 340% within two months.

For now, whales contribute to surges within the metaverse and gaming tokens. Remember, the move shows large wallet investors’ confidence in the projects. That can translate to price booms in the future.

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