Blockchain investment firm Spartan Black recently shared the latest crypto sector that is ‘hot’ stealing the attention of crypto investors is unlikely to push bullish, bringing Bitcoin (BTC) back to trade above the $ 40,000 price level.
In a Twitter tweet on July 24, Spartan Black told decentralized gaming tokens have shown remarkable growth, similar to what happened to decentralized financial lock -in value (TVL) (DeFi) last year.
0/ DeFi summer 2.0 is quickly evolving into Gaming summer. Crypto games like Axie infinity and Sandbox are seeing adoption metrics that are reminiscent of DeFi TVL growth a year ago.
- SpartanBlack (@SpartanBlack_1) July 24, 2021
Just look at the Axie Infinity (AXS) and Sandbox (SAND) which are growing just as fast as expected. On average the two assets recorded a much more positive performance than the other cryptocurrencies.
This month alone, Axie Infinity recorded 350,000 daily users and The Sandbox revealed they have received one million active users.
The firm claimed that if Bitcoin was able to break through the $ 40,000 level, then the most prominent assets at the time would have been AXS and SAND, followed by social and gaming networks, Flow (FLOW).
In fact, it’s not impossible that even crypto funds that receive less exposure to these gaming tokens will start paying attention. Indirectly, it will increase the valuation of these assets beyond what was witnessed against the DeFi sector last year.
Spartan Black expects that if these funds start investing in gaming assets, followed by their listing on crypto exchange platforms like Coinbase, the surge of these assets will be much higher than imaginable!
Anyway, when the writing of the crypto sector is seen starting to recover with the movement of Bitcoin showing a positive signal.
BTC this morning had touched the $ 39,802 level before declining and traded at a record at the time of writing, $ 38,312, up over 12% in 24 hours.
