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“Expectations of the conference” have led to a general rise in game tokens, and smart money has already made plans

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GALA will host a hackathon at the Game Developers Conference on March 18

This past weekend, Bitcoin once again exceeded $69,000 and then fell back. Tokens in the AI and meme sectors all experienced a wave of gains. At the same time, the price of YGG exceeded US$1. After a short-term spike in the market this morning, PIXEL also briefly exceeded US$1 and continued to hit a record high. The sector rotation finally came to the game sector.

GALA leads the rise in established game tokens, and Ronin ecological PIXEL has attracted attention

In established games Among the tokens, GALA and YGG had the strongest momentum in the second round of rise. GALA rose from $0.04 to $0.08, a 7-day gain of 67.4%, while YGG price rose from $0.6 to $1.1, a 7-day gain of 60%. In comparison, the price of MANA rose from US$0.62 to US$0.74, an increase of 11% in 7 days, and the price of SAND rose from US$0.64 to US$0.75, an increase of 10% in 7 days, which was not as high as GALA and YGG.

The performance of Ronin’s ecology is also Not weak. Yesterday, RON briefly exceeded US$4, while PIXEL briefly exceeded US$1 this morning, with a 24-hour increase of 20.28%, a record high.

Since this year, Ronin has received increasing market attention, ecological cooperation and development have achieved satisfactory results, and token prices have also increased significantly. , the one that gets the most attention is PIXEL. Since joining the Ronin ecosystem, Pixel has received strong official support. On February 19, according to the official announcement, Ronin ecological DEX Katana launched the RON/PIXEL liquidity pool. Users can directly use the Ronin wallet to trade PIXEL tokens or provide liquidity for the RON/PIXEL trading pair. On the other hand, Pixel has also made outstanding contributions to the number of users and active addresses of the Ronin ecosystem.

In addition, whether it is the network hardware incident on February 22 Fork, or Pixels (PIXEL) airdrop distribution to RONIN regular product users. Behind Ronin, you can see the strong support of Binance, the industry's leading trading platform.

2024 GDC Game Developers Conference

The rise of GALA and game sector tokens has a certain similarity with the previous rise of AI tokens, which is the "conference expectation". BlockBeats previously reported that crypto gaming company Gala Games announced a partnership with PC maker Alienware and Amazon Web Services (AWS) to host a hackathon at the 2024 Game Developers Conference (GDC) on March 18.

This 24-hour hackathon has a $1 million prize pool and is open to in-person and online GDC participants. The hackathon will see projects leveraging Gala’s GalaChain SDK to deploy layer 1 blockchains supporting games such as Spider Tanks, Legacy and Eternal Paradox.

Market funds have been advanced " Ambush"

In addition to news factors, this general rise in the sector is inseparable from the advance deployment of market funds. On March 1, according to Lookonchain monitoring, a certain whale address sold all 1.97 trillion PEPE (approximately $6.07 million) and made a profit of $3.49 million. Then purchased 75.9 billion SHIB (approximately $893,000), 1.6 million MANA (approximately $1.07 million), 2.43 million SAND (approximately $1.48 million), and 36.88 million GALA (approximately $1.46 million) .