The industry is still in a cooling period, with the Decentralized Finance (DeFi), which reached its peak in November, in apparent drought. Gaming tokens have been gaining massive popularity.

The Sandbox’ SAND captured headlines as it spearheaded the enthusiasm for gaming tokens, with over 340% gains in the past month. GALA comes in second with an additional 1.24%. Similar rally of 300% in November. Such coins, including those under the metaverse sphere like Decentraland’s MANA and Illuvium’s ILV, gained momentum after Facebook’s rebranding to Meta, suggesting that gaming tokens could be preceding a new altcoin season.