‘Heroes of Mavia’ Ethereum Game Token Plunges Two Days After Hitting All-Time High
Gaming tokens have spiked in latest days, however not all of them have been capable of maintain the upswing. Working example: MAVIA, the lately launched token of cell technique recreation Heroes of Mavia, has plunged sharply during the last two days, even after setting a brand new all-time excessive worth.
MAVIA is down over 5% on the day to a worth of about $8.00, in line with knowledge from CoinGecko, and the most recent drop has accelerated a complete 24% dip because the Ethereum token popped to a brand new peak worth of $10.59 on Sunday.
Heroes of Mavia is an iOS and Android base-building technique recreation much like the smash hit Conflict of Clans, albeit with deliberate crypto parts which have but to be built-in. Skrice Studios’ recreation will implement the MAVIA token for sure advantages, together with NFT land plots bought lengthy earlier than the sport’s January debut.
MAVIA’s newest spike got here amid a broader surge for gaming tokens, with these tied to the Xai (XAI) and Beam (BEAM) gaming networks additionally setting all-time excessive costs, together with NFT buying and selling card recreation Parallel (PRIME)—GG’s choose for the 2023 recreation of the 12 months.
The upswing got here simply after Skrice revealed a detailed roadmap for the sport, which incorporates implementing a few of these aforementioned crypto parts within the recreation, including different gameplay options, and rolling out an extra interval of MAVIA staking rewards for NFT land house owners. Heroes of Mavia will quickly announce an as-yet-unrevealed Ethereum scaling community for implementing such crypto parts.
The latest dip on MAVIA could replicate traders and airdrop recipients cashing in on the large surge in token worth. Even on the present subdued worth, MAVIA has jumped 338% in worth since debuting at $1.83 simply two weeks in the past. The token has seen simply shy of $99 million in buying and selling quantity over the previous day—eighth most amongst gaming tokens, per CoinGecko.
Heroes of Mavia focused a large viewers with its airdrop, providing a token declare to 100,000 early gamers alongside NFT land house owners who had participated in earlier staking campaigns. Based on Skrice, the sport has to date racked up greater than 2 million complete downloads, with 278,000 every day lively customers as of Saturday.
Disclaimer
The views and opinions expressed by the creator are for informational functions solely and don’t represent monetary, funding, or different recommendation.
Edited by Ryan Ozawa.
