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The market capitalization of GameFi has surpassed $31 billion
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The market capitalization of GameFi has surpassed $31 billion

Mar 13, 2024

Over the last week, GameFi tokens have demonstrated significant growth, reaching a market capitalization of $31.5 billion according to CoinGecko. This growth is particularly notable over a 30-day period, during which the Gala token increased by 184.5%, Axie Infinity by 64.8%, and The Sandbox by 59.5%. Experts note investors' willingness to take on increased risk in search of high returns, moving away from major cryptocurrencies like Bitcoin and Ethereum.

Simultaneously, there's a rising interest in Web3 games, as evidenced by the successful example of the card game Parallel. This attention is supported by an expanding player base and partnerships with leading crypto platforms. There's also an increase in trading volumes of GameFi tokens, indicating growing interest in this segment, especially in anticipation of major gaming conferences.

Experts predict a boom in GameFi in 2024 alongside the AI sector, expecting that advanced Web3 games and high-performance gaming blockchains will lead a new wave in the industry. Anticipated updates to gaming platforms such as Ronin and Immutable X are expected to attract even more users to the global market and contribute to the growth of token speculation.

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