Several gaming and metaverse tokens overtook the crypto market on Friday as the major cryptocurrency recovered from the recent path.
The token was backed by whale buying, with investors looking for tokens with utility-based projects behind them.
The cryptocurrency market is up more than 14% in the past 24 hours and is now valued at $1.32 trillion. Bitcoin also reclaimed the crucial $30,000 level.
GALA Leads the Recovery
Gaming tokens such as GALA, ApeCoin (APE) and STEPN (GMT) have emerged as the top gainers among the largest tokens. The total gaming token market capitalization has increased by a whopping 42% in 24 hours. The cumulative gaming token valuation is $14.23 billion. Meanwhile, its 24-hour trading volume rose 21% to $11.7 billion.
The GALA token is up 82% in the last 24 hours. It has become the biggest gainer among the top 100 cryptocurrencies at the same time. according to this whale states, The largest Ethereum (ETH) whales have shown their interest in the GALA token. The token has popped up in the list of top 10 coins bought by ETH wallet in the last 24 hours. The ETH whale holds $18.7 million worth of GALA tokens. Meanwhile, $4.92 million has been liquidated in the last 24 hours.
ETH whales buy dip
Apcoin is the most talked about and discussed project since its inception. The APE token is trading at $9.2, up 70% in the last 24 hours. APE’s 24-hour trading volume increased 62% to $2.7 billion. ETH whales took advantage of the price drop over the past 24 hours to add $5.4 million worth of APE tokens.
STEPN is the other token that has joined the list of top achievers. Then the GMT token is up 71% in the last 24 hours. Steppen Token is just another token after Apcoin which has been growing steadily over the last 60 days. It has increased by 340% in the last 60 days.
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