The web3 gaming sector has seen growing interest from investors, resulting in notable price surges for gaming tokens in recent weeks, based on CryptoSlate data.

Gaming has outperformed other crypto market sectors with an 800% increase in value over the past months. Industry experts believe that gaming is a key narrative in the upcoming bull run, with many projects ready for launch or close to it.

A recent VanEck research report about Immutable’s IMX token and the launch of Illuvium (ILV) on a mainstream gaming platform has caused both tokens to surge more than 2x over the past few weeks, with IMX continuing its blistering climb into the weekend.

VanEck’s Optimistic Forecast

Immutable’s IMX token has experienced a notable surge in value, driven by positive forecasts from investment manager VanEck.

The asset manager anticipates that IMX is poised to become one of the top 25 coins by market capitalization, with its growth closely tied to the expected release of high-budget blockchain-based video games, including the much-anticipated Illuvium.

The IMX token witnessed a remarkable 7% increase in value on a single day, reaching $1.56. VanEck’s predictions h

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Author: Assad Jafri

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