USD

AED

AFN

ALL

AMD

ANG

AOA

ARS

AUD

AWG

AZN

BAM

BBD

BDT

BGN

BHD

BIF

BMD

BND

BOB

BRL

BTN

BWP

BYN

BZD

CAD

CDF

CHF

CLF

CLP

CNH

CNY

COP

CRC

CUC

CUP

CVE

CZK

DJF

DKK

DOP

DZD

EGP

ERN

ETB

EUR

FJD

FKP

GBP

GEL

GHS

GIP

GMD

GNF

GTQ

GYD

HKD

HNL

HRK

HTG

HUF

IDR

ILS

IMP

INR

ISK

JMD

JOD

JPY

KES

KGS

KHR

KMF

KPW

KRW

KWD

KYD

KZT

LAK

LBP

LKR

LRD

LSL

LYD

MAD

MDL

MGA

MKD

MMK

MNT

MOP

MRU

MUR

MVR

MWK

MXN

MYR

MZN

NAD

NGN

NIO

NOK

NPR

NZD

OMR

PAB

PEN

PGK

PHP

PKR

PLN

PYG

QAR

RON

RSD

RUB

RWF

SAR

SBD

SCR

SDG

SEK

SGD

SHP

SLL

SLE

SRD

SSP

STD

STN

SVC

SYP

SZL

THB

TJS

TMT

TND

TOP

TRY

TTD

TWD

TZS

UAH

UGX

UYU

UZS

VES

VND

VUV

WST

ZAR

ZMW

XCG

ZWL

ZWG

NewsBTC 2022-11-16 08:00:34

Avalanche Looks To Capitalize On GameFi Segment – Will This Give AVAX Some Boost?

Avalanche (AVAX) peaked at $20.31 on November 6 as it gave its best to recover from the bearish trend that engulfed the broader crypto market towards the tail-end of October and the opening days the current month. However, on November 12, the cryptocurrency experienced a severe price correction that pulled it all the way down to $12.51. The following day, the altcoin made an immediate bounce-back as it reclaimed the $15 marker. After that, Avalanche was once again on a downward trend that made it struggle to even just climb at $14. At the time of this writing, according to tracking from Coingecko, the 20th ranked digital currency in terms of market capitalization is changing hands at $13.50. Over the last seven days, the asset has declined by more than 15% while during the past 30 days, its value dropped by 14.4%. As it turns out, even an impressive growth in GameFi segment of the blockchain space is not enough to stop the bleeding for AVAX. Related Reading: Solana Loses 60% Of Its Value After FTX Collapse – Can SOL Bounce Back This Week? As Crypto Market Suffers, Avalanche Notches Growth Elsewhere According to data shared on Twitter by Avalanche Talk, 10 GameFi projects running on the AVAX blockchain tallied significant increases in volume over the past week. Province was the top gainer, posting an impressive 1,481.77% increase in volume in just a matter of seven days. Owloper (290.98%) was at second. Rounding up the top five were Dragon Crypto (279.76%), Hoppers Game (118.39%) and Step App (91.87%). Meanwhile, RaceX (68.42%), Crabada (44.02%), XANA Metaverse (43.38%), Domi Online (41.42%) and BetSwirl (7.77%) also made the top 10-list of the indicator which aims to show how well a project is performing in a particular ecosystem. TOP AVALANCHE GAMEFI WITH HIGHEST GROWING VOLUME 7D#GrowingVolume7D is an indicator of how well a project is performing across an ecosystem. Right now, let’s take a look at the #Avalanche gamefi projects with the highest growing volume in the last 7 days 👇#Avax $Avax pic.twitter.com/yfFJDG70JN — Avalanche Talk (@Avalanche_Talk) November 14, 2022 Although there is a glaring gap between the increase in volume recorded by the top and least gainer, the most important takeaway is that despite the crypto market being painted in red once again, these projects under the umbrella of the Avalanche ecosystem managed to perform relatively well. This also served as a confirmation of the notion that the GameFi segment of the vast blockchain industry has already started its rapid growth. No Immediate Impact Yet On AVAX Price Much like the case of the Shiba Eternity game that was launched in hopes of helping Shiba Inu push its trading price to higher levels, these games running on the Avalanche network currently has little to no effect at all in terms of price trajectory. The reason for this is that all of these games, and the GameFi segment in its entirety, is still too young to push demands for crypto assets in levels high enough to move an asset’s (in this case AVAX’s) spot trading prices up. Still, this could prove to be a solid foundation that could help Avalanche and its AVAX token soar to greater heights in the near future. Related Reading: Chainlink Suffers 40% Loss In Last 7 Days – Can LINK Regain $9 Mark This Week? AVAX total market cap at $4.07 billion on the daily chart | Featured image from Unsplash, Chart: TradingView.com

Τα περισσότερο Αναγνωσμένα Νέα

Ordinals (ORDI) Price Prediction 2026, 2027-2...
2026-08-19
Pump.fun (PUMP) Price Prediction 2026,2027-20...
2026-08-19
Ondo Price Prediction 2026, 2027 – 2030: Can...
2026-08-19
Bitcoin Trading Volume Falls Below $1B as Mar...
2026-08-19
Bitmine Nears 5% Ethereum Goal After Adding A...
2026-08-18
Pi Network New: Will Pi Price Rally After Aug...
2026-08-18
Polygon (POL) Price Surges: Can Bulls Break t...
2026-08-18
Trump’s Crypto Summit Tomorrow: CLARITY Get P...
2026-08-18

Σχετικά Νέα

Cardano Tests $0.175 as On-Chain Activity Continue...
19 Aug 2026
Asian Stocks Market Today is Down Slide
19 Aug 2026
Bitway Price Soars 90% as Traders Flood Into BTW:...
19 Aug 2026
XRP Institutional Holdings Report 2026: Corporate,...
19 Aug 2026
What to Expect From FOMC Minutes Today?
19 Aug 2026
When Will Altcoin Season Start in 2026?
19 Aug 2026

Διαβάστε την Αποποίηση Ευθυνών : Όλο το περιεχόμενο που παρέχεται εδώ στον ιστότοπό μας, τους υπερσυνδεδεμένους ιστότοπους, τις σχετικές εφαρμογές, τα φόρουμ, τα ιστολόγια, τους λογαριασμούς κοινωνικών μέσων και άλλες πλατφόρμες (“Site”) προορίζεται μόνο για τις γενικές πληροφορίες σας, που προέρχονται από τρίτες πηγές. Δεν κάνουμε καμία εγγύηση οποιουδήποτε είδους σε σχέση με το περιεχόμενό μας, συμπεριλαμβανομένης ενδεικτικά της ακρίβειας και της ενημέρωσης. Κανένα μέρος του περιεχομένου που παρέχουμε δεν αποτελεί οικονομική συμβουλή, νομική συμβουλή ή οποιαδήποτε άλλη μορφή συμβουλών που προορίζεται για τη συγκεκριμένη εμπιστοσύνη σας για οποιονδήποτε σκοπό. Οποιαδήποτε χρήση ή εξάρτηση από το περιεχόμενό μας είναι αποκλειστικά με δική σας ευθύνη και διακριτική ευχέρεια. Πρέπει να πραγματοποιήσετε τη δική σας έρευνα, να ελέγξετε, να αναλύσετε και να επαληθεύσετε το περιεχόμενό μας προτού βασιστείτε σε αυτά. Η διαπραγμάτευση είναι μια εξαιρετικά επικίνδυνη δραστηριότητα που μπορεί να οδηγήσει σε μεγάλες απώλειες, επομένως συμβουλευτείτε τον οικονομικό σας σύμβουλο πριν λάβετε οποιαδήποτε απόφαση. Κανένα περιεχόμενο στον ιστότοπό μας δεν προορίζεται να είναι παράκληση ή προσφορά