A pair of gaming altcoins are getting the royal treatment as crypto investors flock to their native tokens.<\/p>\n
While the leading crypto assets Bitcoin<\/a> (BTC) and Ethereum<\/a> (ETH) are trading sideways, the nostalgic fantasy pixel art game DeFi Kingdoms (JEWEL) is shining emerald green after nearly doubling in price.<\/p>\n Blockchain-based DeFi Kingdoms is a newer player in the GameFi niche, which combines decentralized finance (DeFi) with the metaverse.<\/p>\n The JEWEL token was built on the Harmony<\/a> blockchain and went live last September. It\u2019s used for buying in-game NFT (non-fungible token) characters called \u201cHeroes,\u201d staking and voting in governance. Harmony\u2019s native token ONE is used for gas fees.<\/p>\n DeFi Kingdoms<\/a> has skyrocketed in price over the past week, ramping up by 98.5% from a low of $4.95 to a peak of $9.83. JEWEL is currently trading for $9.60.<\/p>\n Also making major gains is the medieval-themed metaverse battle game League of Kingdoms, whose native token LOKA first went live on January 24th.<\/p>\n The massively multiplayer online (MMO) game goes beyond the traditional strategic fighting game format by employing blockchain features such as non-fungible tokens (NFTs) that serve as plots of land for the project. In addition, the protocol\u2019s governance will be determined by a decentralized autonomous organization (DAO).<\/p>\n On top of governance, LOKA can be used for in-game purchases, minting or upgrading NFT assets, and staking holdings to earn rewards.<\/p>\n According to the project\u2019s whitepaper<\/a>,<\/p>\n \u201cNot only can gamers own these Lands, but also gather resources on the Lands and mint them into NFTs to trade.<\/em><\/p>\n All these tokenized assets are transparently and trustlessly transacted and traded across the blockchain, without intermediaries.\u201d<\/em><\/p>\n League of Kingdoms<\/a> surged by 131% this week, leaping from $2.40 to a new all-time high of $5.11 earlier today.<\/p>\n LOKA has since corrected but remains up 75.28% in the last 24 hours and is priced at $4.87.<\/p>\n Check Price Action<\/a><\/span><\/em>
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