Gaming Tokens Rebound 28% to $5.71B as SAND, APE, and AXS Lead Bull Surge

• The crypto gaming market has surged 24% in the last 24 hours and is now valued at $5.51 billion.
• The Sandbox (SAND) leads the charge with a 59% increase today.
• Other gaming tokens like Axie Infinity (AXS) and ApeCoin (APE) also show significant gains, though still down from their all-time highs.

As the fever of the crypto bull market intensifies, the gaming sector is bouncing back, seeing massive and unexpected price rebounds in several tokens. In the last 24 hours, the overall crypto gaming market has staged a 28% comeback, with the market now valued at $5.71 billion, according to data from market tracker CoinGecko.

This comes as Bitcoin stabilizes around the $98K price range, gathering momentum for a potential $100K price run. Amid this, several tokens across various sectors are showing spectacular performance, including those in the gaming utility token category.

One of the best-performing tokens is the market leader, The Sandbox (SAND). Specifically, SAND has surged by 59% in the last 24 hours, now trading at $0.6305. The token has also increased by 75% over the past week. Meanwhile, over the past 30 days, SAND has skyrocketed by 140%.

Some analysts have speculated that SAND could see a price increase of up to 800% this season. Notably, however, the coin is still trading 92% below its all-time high.

Other Performing Gaming Tokens

Following closely behind is Axie Infinity (AXS), which has registered a 22% gain over the last 24 hours. This performance boosts AXS’s weekly gain to a cumulative 40%, with the token now trading at $8. However, at its current price, AXS is down 13% on a year-to-date basis.

Likewise, ApeCoin (APE) has seen a 10% gain today, trading at $1.34. Over the past week, the token has increased by 20%. However, APE is still down by 20% from its higher price in January. Moreover, it remains down by a significant 95% from its all-time high despite the ongoing bull market.