GameFi tokens on the back foot, but Echelon Prime shines with +70% pump.
- GameFi tokens slide, but Echelon Prime shines.
- AlphaTon indirectly strengthens its growing base of games.
- GameFi’s trading volume sinks 9% as degens adopt a wait-and-see strategy.
Bitcoin is still in a volatile range as it failed to break above $94,000 and retreated to $91.3K, ending the week with a marginal 1% loss.
https://twitter.com/BTSE_Official/status/1995884577274167312
While market sentiment remains cautious, research firm K33 says that Bitcoin fears are overblown, with more potential for upside than another major drawdown.
https://twitter.com/TheBlock__/status/1996232063200956754
Altcoins are on the back foot, with the top GameFi tokens printing red candles as degens flee for safety. On the green side, Echelon Prime (PRIME) was the sector’s runaway winner with a 70% pump.
Want to DYOR? Check out our powerful CMC AI tool, which allows you to access deep AI insights at your fingertips. Here’s an example of all the alpha waiting for you:
Let’s take a look at the powerplays in the Web3 gaming sector this week.
- Sony Bank is preparing a USD stablecoin that could plug straight into games, anime, and subscriptions across its ecosystem. With a U.S. license application in motion and Bastion powering the back-end, Sony is setting the stage for a new way players pay and spend.
https://twitter.com/CoinMarketCap/status/1995542686233706530
- AlphaTON just filed a $420.69 million shelf registration to fund AI and high-performance computing for Telegram’s Cocoon AI network. The capital will also support acquisitions across the Telegram ecosystem.
The move lays groundwork that could indirectly strengthen TON’s growing base of games, bots, and mini app economies.
https://twitter.com/WuBlockchain/status/1996716528415526937
https://twitter.com/AlphaTONCapital/status/1996582133024829805
GameFi Sector Review
Investors are playing the wait-and-see game as the market has yet to find a clear direction. The Web3 gaming sector has seen hard-to-handle rips and dips on a weekly basis, with its market cap this week falling 7% to $9.2 billion.
Trading volume took a deeper knock, sliding 9% to $5.54 billion.
Source: CoinMarketCap
The market requires a real catalyst to change the mood. The CMC Crypto Fear & Greed Index slightly improved from 20 to 25 week-on-week, but it remains in the Fear territory.
Source: CoinMarketCap
https://twitter.com/Bitcoinsensus/status/1996915019942945191
Top Gainers
Echelon Prime has been on a tear due to capital rotation into select projects amid market volatility.
- Echeleon Prime (PRIME): +70.04%
- Power Protocol (POWER): +50.03%
- Realio Network (RIO): +27.9%
- KARRAT (KARRAT): +24.43%
- GoMining (GOMINING): +17.91%
Top Decliners
MetaArena is likely in its post-airdrop sell-off phase as early buyers and airdrop recipients take profits.
- MetaArena (TIMI): -36.16%
- World of Dypians (WOD): -29.07%
- Mythos (MYTH): -27.29%
- Aavegotchi (GHST): -26.4%
- Undeads Games (UDS): -23.09%
Source: CoinMarketCap
GameFi moved up one spot on DeFiLlama’s narrative tracker as it climbed from 16th to 15th position week-on-week.
Source: DeFiLlama
Web3 Gaming News This Week
RealGo Goes Live on BNB Chain
RealGo has landed on BNB Chain with AR-powered meme pet capturing, PvP battles, and play-to-earn rewards woven into real-world exploration. The game’s mobile ecosystem is live on both major app stores.
https://twitter.com/BNBCHAIN/status/1995191165679771732
What You Can Do Now
- Use tools like CMC AI to spot early trends and capital rotations.
- Track macro developments to anticipate sentiment shifts.
- Control your entries and avoid FOMO as volatility picks up.
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