DAR Coin Soars, Leading GameFi Coin's Rise

Bittime - GameFi Coin stole attention again after a significant price spike occurred on August 18, 2024. 

Mines of Dalarnia (DAR) coin led the rise, becoming one of the best performing coins amid the recovery in Bitcoin (BTC) price reaching a key resistance point at $60,000. 

The rise pushed global crypto market capitalization up 0.8% to $2.2 trillion, with GameFi coins at the forefront.

What is DAR Coin? 

Mines of Dalarnia (DAR) is a token that supports a blockchain-based gaming ecosystem where players can mine, collect and trade in-game resources. 

On August 18, 2024, DAR price surged 115% from its low this month, reaching a high of $0.218. This surge brought DAR's market capitalization to over $120 million. 

The surge came on top of high trading volume, with data from CoinMarketCap showing that 24-hour trading volume increased by more than 3,740% to over $398 million.

Other GameFi Coin Performance 

Apart from DAR, other GameFi coins such as Alien Worlds (TLM) also recorded significant gains, surging 70% to $0.014 and providing a valuation of over $62 million. The coin has seen a rise of more than 120% from its lowest level this month. 

Gala (GALA) and Ronin (RON) also showed positive performance with their respective increases reaching their highest levels since early August.

Challenges in the GameFi Sector 

Although the rise in GameFi coin prices over the weekend stole the show, challenges in the sector still exist. 

Most gaming coins have seen a sharp decline from their all-time highs due to reduced demand in the sector. 

Axie Infinity, for example, which once had a market capitalization of more than $9 billion, is now worth just $715 million. Other tokens such as Decentraland, Sandbox, and Gala have also experienced significant drops in valuation in recent years.

Conclusion 

DAR coin managed to lead significant gains among other GameFi coins, showing great potential in the recovering crypto market. 

However, high volatility and challenges in the GameFi sector remain a major concern for investors and users. 

However, the potential for growth and innovation in this sector is still wide open, especially with the emergence of new platforms that continue to push boundaries in the blockchain and gaming industry.

How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn How to Buy Crypto on Bittime.

Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.