Bitcoin's $100K tide lifted all boats, including GameFi.
TL;DR
- Prospects of global trade deals have propelled Bitcoin above $100K.
- The GameFi sector added 7% to its market cap.
- The majority of Web3 gaming tokens registered notable gains.
The crypto market is on fire as Bitcoin reclaims the $100K milestone once more, fueled by bullish global trade developments and a steady hand from the Fed at May’s FOMC meeting.
Sentiment is heating up, with the CMC Crypto Fear and Greed Index flashing greed at 70, climbing from a neutral 55 just last week.
So, what does this mean for the GameFi world? Here we go!
GameFi Sector Review
It is no surprise that this week's market momentum is lifting GameFi too. The top 10 gaming tokens are in the green, even as the CMC Altcoin Season Index (39) suggests it's still Bitcoin's show.
The sector's trading volume spiked 37%, but the market cap lagged with a modest 7% rise. Is a GameFi breakout brewing?
Source: CoinMarketCap
Wilder World (WILD) threw its punches this week with a 40% gain. While it was an outlier, several gaming tokens notched double-digit gains. Here’s how the leaderboard looks:
Top Gainers
- Wilder World (WILD): +40%
- NeuralAI (NEURAL): +24.64%
- HashFlow (HFT): +16.18%
- FLOKI (FLOKI): +16.83%
- Four (FORM): +16.4%
Not all tokens made it to the winner’s circle. Kadena (KDA) slid into the red, landing on the week's underperformers list. And it was not alone.
Top Decliners:
- FUNToken (FUN): -12.6%
- Treasure (MAGIC): -8.36%
- Gunz (GUN): -7.61%
- Zentry (ZENT): -6.29%
- Kadena (KDA): -2.27%
Web3 gaming dipped from 8th to 18th on DeFiLlama’s narrative tracker, signaling a short-term cooldown—but the spotlight could swing back just as fast.
Source: DeFiLlama
That’s not all. Astra Nova is teaming up with Papu Games for a new partnership.
Web3 Gaming Activity This Week
Notcoin Founders: T2E Fades as Web3 Gaming Evolves
Notcoin's co-founders declared the tap-to-earn model "probably dead," citing its lack of long-term player engagement. Speaking at Token2049 in Dubai, they emphasized a shift toward more entertaining and sustainable game designs in the Telegram-based Web3 gaming space.
Mythical Games Nears FIFA Launch After $650M in Transactions
Mythical Games hit $650M in transactions across 7 million players ahead of its FIFA launch, still leading in major IP deals like NFL Rivals and Pudgy Penguins.
Playtron Launches Game Dollar Stablecoin To Power SuiPlay Console
Playtron launched Game Dollar, a stablecoin for gaming payments and rewards, set to power its upcoming SuiPlay0X1 handheld, which has already sold out in pre-orders.
What You Can Do Now
- Skip the FOMO and watch for gaming tokens ready to pop.
- Track new Web3 games as the space quickly evolves.
- Check out Playtron’s Game Dollar—it could change how gamers earn and spend.
- Watch for new opportunities as narratives shift.
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