Crypto markets are taking a beating but there are still a few standout performers even during this week’s volatility.
One sector that has managed to rise above the noise are NFT-related altcoins and GameFi tokens.
Top gainers in the collectible and NFT sector. Source: CoinMarketCap
Data from Cointelegraph Markets Pro and CoinMarket Cap shows that three notable gainers over the past 48-hours were Voxies (VOXEL), Smooth Love Potion (SLP) and MyNeighborAlice (ALICE).
Voxie Tactics launches its marketplace
VOXEL is the native utility currency of Voxie Tactics, a free-to-play, 3-dimensional, role-playing game that combines the classic look of the popular tactical games of the 1990s and 2000s with modern game mechanics.
Data from TradingView shows that after hitting a low of $0.90 on Feb. 22, VOXEL price spiked 65.6% to a daily high of $1.50 on Feb. 23 amid a 688% increase in its 24-hour trading volume.
VOXEL/USDT 4-hour chart. Source: TradingView
The turn of fortune for VOXEL comes as the protocol announced the Feb. 26 launch of the Voxie Tactics marketplace which will allow users participating in the game’s beta launch to buy or sell items for gameplay.
Smooth Love Potion becomes more scarce
Smooth Love Potion is the in-game currency players earn while playing Axie Infinity that can be used to breed new Axies.
VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for SLP on Feb. 22, prior to the recent price rise.
The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.
VORTECS™ Score (green) vs. SLP price. Source: Cointelegraph Markets Pro
As seen in the chart above, the VORTECS™ Score for SLP climbed into the green on Feb. 20 and reached a high of 81 around 23 hours before the price increased 38% over the next day.
The price turnaround for SLP comes amid a revamp of the tokenomics for the Axie Infinity ecosystem that includes a decrease in the rate of emission of SLP which will reduce the number of SLP minted daily by 175 million SLP.
ALICE lists at Coinbase
MyNeighborAlice is a farming-themed play-to-earn builder game with integrated decentralized finance features that operates on the Chromia network.
ALICE/USDT 4-hour chart. Source: TradingView
The sudden spike in price and trading volume for ALICE followed an announcement from top-ranked U.S.-based cryptocurrency exchange Coinbase that it would be adding trading support for ALICE beginning Feb. 24.
The overall cryptocurrency market cap now stands at $1.713 trillion and Bitcoin’s dominance rate is 41.7%.
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