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The report mentioned five crypto games having market capitalization in the million and approx two in tens of million
Recently, the data aggregator Crypto Head report outlined that Axie infinity has recorded a diluted market capitalization of $15.8 million. According to the Crypto Head data, this total market cap of popular play to earn games is more than $10 million than Decentraland, which placed third. However, in the meantime, it had mentioned that Cross Link has about $13 million while Decentraland has a $4.63 worth market cap. Diluted market cap means the total value of crypto while at the price if the entire supply of coins in the future were in circulation.
Games having the highest market capitalization are among the ones that dominate the space of crypto gaming, the overall worth of the game is evaluated by denoting the value of the total amount of tokens available. Crypto gamers have started gaining popularity as more games have entered the market and issued their tokens that their players can earn or purchase while playing the game. The report also mentioned that the Axie Infinity has also dominated the section of most searched games of the report.
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Having more than 29 million times searches worldwide, the game has recorded the past months the most search numbers; on average, the search for other games was at about 1.45 million hits. At the second and third places, there were games like Bomb Crypto and Splinterland with search hits of about 4.2 million and 2.59 million, respectively.
As per the Crypto Hear, the value of crypto games tokens has a great range that usually ranges from just fractions of a penny to way up to thousands of dollars. Here the average token cost is about $63.8. One of the most expensive gaming tokens is the YO token of Yo Hero, which is currently valued at more than $2,021. Axie Infinity and Cometh are very close while maintaining the second position with $59.23 and the third position with $58.5 per token.
For the popularity of these games, social media like Twitter has been the driving force that helped a lot in boosting. As per the report, the number of followers on an average is slightly more than 115,000, but the games under the three most popular games have more than that. Axie Infinity remained dominant again with 915,600 followers on Twitter, whereas Decentrland and Star Atlas were at second and third positions in terms of followers, having 529,500 and 306,800, respectively.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
