What happened to the Blockchain Games Currencies in the recent decline?

A few days ago, the cryptocurrency began to decline dramatically, as Bitcoin fell by about 20%, followed by most of the Altcoins, which caused great concern in the market, before the Bitcoin rose again, but it has not yet reached 50 thousand dollars, which makes the fear indicator still high.

Since time immemorial and when the bitcoin falls, the cryptocurrencies fall with it and the dominance of bitcoin remains almost constant before and after the drop because most of the altcoins are also falling.

In the recent period, specifically last November, gaming currencies have boomed dramatically and reached record numbers due to the demand of many Blockchain users towards NFTs and towards Blockchain games, so the user’s goal was not only trading but also playing and they turned to Play to Earn.

The trend of thousands of gamers to NFTs caused them to boom and many of them crashed ATH after ATH but let's take a look at the changes in gaming cryptocurrencies after the last big correction of Bitcoin.

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Game Coins

The currency of #Mana and #Axie, which occupy the 27th and 28th positions in the cryptocurrency market, each of them fell over the course of the week about 30%, but on this day the performance was different for each of them, as the currency of Mana fell about 11% to reach the price of $ 3.4 and the Axie coin fell about 15% To return again less than $ 100, specifically at the price of $ 98.

As for the #Gala currency, which has risen dramatically and doubled 6 times recently, it reached a price of $0.45, down 35% this week and 15% on the daily basis. Despite that, the Gala currency is still making profits about 4 times since the beginning of last November.

#Splinterlands, which shined recently and had the largest number of players in the blockchain, and although its currency was not performing well due to Airdrop, it also fell by about 20% to reach the price of $ 0.31.

As I mentioned to you in yesterday's post, this is a good opportunity to buy and no one should panic. You may regret this opportunity in the future when we reach new records..


And you, what do you think ?

Thank You


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