{"id":368449,"date":"2021-11-17T16:18:22","date_gmt":"2021-11-17T13:18:22","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/metaverse-gaming-tokens-ethverse-and-axie-infinity-avoid-crypto-downtrend\/"},"modified":"2021-11-17T16:18:22","modified_gmt":"2021-11-17T13:18:22","slug":"metaverse-gaming-tokens-ethverse-and-axie-infinity-avoid-crypto-downtrend","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/metaverse-gaming-tokens-ethverse-and-axie-infinity-avoid-crypto-downtrend\/","title":{"rendered":"# Metaverse gaming tokens Ethverse and Axie Infinity avoid crypto downtrend"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a27d21fe9af4\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a27d21fe9af4\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/metaverse-gaming-tokens-ethverse-and-axie-infinity-avoid-crypto-downtrend\/#Best-performing_crypto_sector\" >Best-performing crypto sector<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/metaverse-gaming-tokens-ethverse-and-axie-infinity-avoid-crypto-downtrend\/#InterHedging_tactic\" >InterHedging tactic?<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Metaverse gaming tokens Ethverse and Axie Infinity avoid crypto downtrend <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Metaverse gaming tokens Ethverse (ETHV), The Sandbox (SAND), <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">Game<\/a>Swap (GSWAP), Yield Guild Games (YGG) and Axie Infinity (AXS) are the few cryptocurrencies seeing gains on Nov. 17 with Bitcoin (BTC), Ether (ETH) and most of the market in the red.\u00a0<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Best-performing_crypto_sector\"><\/span>Best-performing crypto sector<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The emerging division of the blockchain universe saw its market capitalization swell by more than 9% in the previous 24 hours and almost 8% in the last seven days to reach $17.42 billion. Its gains came on the back of volatile upside moves in Ethverse, The Sandbox, GameSwap, Yield Guild Games, Axie Infinity and other markets.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-11\/6ff41beb-eb0a-4174-af64-d445fc623eb0.png\"><figcaption style=\"text-align: center;\"><em>Gaming tokens&#8217; performance in the past 24 hours and seven days. Source: Messari<\/em><\/figcaption><\/figure>\n<p>Meanwhile, about 140 tokens belonging to the decentralized finance sector delivered combined losses of almost 10% in the last seven days.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-11\/53b427a8-f3d2-454c-aeab-8a158bbfbb4f.png\"><figcaption style=\"text-align: center;\"><em>Crypto sector performance in the last seven days. Source: Messari<\/em><\/figcaption><\/figure>\n<p>However, the overall crypto market cap dropped by more than 14.50% to $2.47 trillion.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"InterHedging_tactic\"><\/span>InterHedging tactic?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Gaming tokens fared not only better in terms of the United States dollar but also against BTC and ETH in the previous 24 hours.<\/p>\n<p>For instance, SAND, the native token of The Sandbox\u2019s virtual world \u2014 where players can build, own, and monetize their gaming experience \u2014 rose more than 27% against Bitcoin and Ether. What\u2019s more, ETHV, a relatively unknown NFT asset, also more than doubled against the top two cryptos.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-11\/60b2ea92-24a8-4cdb-8c31-69b64e5183a6.png\"><figcaption style=\"text-align: center;\"><em>SAND\/USD daily price chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>The capital flow from top crypto assets to the crypto-enabled gaming sector coincided with a flurry of optimistic updates. <\/p>\n<p>That included Andreessen Horowitz\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.geekwire.com\/2021\/andreessen-horowitz-leads-5m-round-for-new-blockchain-gaming-startup-led-by-microsoft-vets\/\">leading a $5-million funding round<\/a> for Seattle-based blockchain gaming startup Irreverent Labs and Polygon\u2019s <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.livemint.com\/technology\/tech-news\/developers-tap-blockchain-and-nfts-to-take-gaming-to-the-next-level-11636911606005.html\">announcement<\/a> of\u00a0organizing a $100,000 hackathon to motivate developers to build and showcase games running on blockchains.<\/p>\n<p>In another event, shares of\u00a0Korea-based online gaming company WeMade\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.forbes.com\/sites\/johnkang\/2021\/11\/15\/shares-of-little-known-korean-game-company-soar-after-a-big-leap-into-blockchain\/?sh=30e1072128ba\">soared<\/a> by more than 400% to reach a market capitalization of over $5 billion on Nov. 15. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-11\/906d446d-d129-451d-9e16-e2441168cb9e.png\"><figcaption style=\"text-align: center;\"><em>WEMADE daily price chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>The firm\u2019s gains <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>eared after the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.forbes.com\/sites\/johnkang\/2021\/11\/15\/shares-of-little-known-korean-game-company-soar-after-a-big-leap-into-blockchain\/?sh=30e1072128ba\">launch of its blockchain-based game MIR4<\/a>, which, like Axie Infinity and The Sandbox, allows players to earn cryptocurrencies by converting in-platform items into liquefiable digital assets.<\/p>\n<p><strong><em>Related:\u00a0Axie Infinity guild CGU helps players enter the fantasy play-to-earn NFT game with &#8216;scholarships&#8217;<\/em><\/strong><\/p>\n<p>On the whole, the blockchain gaming sector appears to be carving its own niche. Arjun Kalsy, vice-president of growth at Polygon, stated:<\/p>\n<blockquote><p>\u201cWith the Web3 paradigm of play-to-earn, where gamers can monetize their time and in-game achievements, this market is set to grow multifold in the coming years.\u201d<\/p><\/blockquote>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/metaverse-gaming-tokens-ethverse-and-axie-infinity-avoid-crypto-downtrend\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Metaverse gaming tokens Ethverse and Axie Infinity avoid crypto downtrend &#8221; Metaverse gaming tokens Ethverse (ETHV), The Sandbox (SAND), GameSwap (GSWAP), Yield Guild Games (YGG) and Axie Infinity (AXS) are the few cryptocurrencies seeing gains on Nov. 17 with Bitcoin (BTC), Ether (ETH) and most of the market in the red.\u00a0 Best-performing crypto sector&#8230;<\/p>\n","protected":false},"author":1,"featured_media":368450,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTEvZWVjNTE1YjYtNDExOS00OWU0LWI2NTctYzhhYzJjN2I3MTc1LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[91083,75378,77892,74983,82402,75326,74938,74939,75150,91498,113408,74355,80,73785,69843],"class_list":["post-368449","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain-game","tag-cardano","tag-crypto-collectibles","tag-decentralization","tag-ether-price","tag-ethereum-2-0","tag-ethereum-price","tag-market-analysis","tag-market-update","tag-metaverse","tag-polygon","tag-adoption","tag-games","tag-markets","tag-mobile-games"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/368449","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=368449"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/368449\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/368450"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=368449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=368449"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=368449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}