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I've noticed that the leading tokens of the top NFT games are showing interesting signals despite trading volumes declining. It seems there is still solid underlying demand in the blockchain gaming sector.
AXS has dropped to $1.12 with a +3.06% increase in the last 24 hours, but what strikes me is that the market capitalization remains around $190 million even with reduced volumes. The chart shows higher lows, suggesting controlled accumulation. SAND, on the other hand, has reached $0.08 (+5.46%), and the interesting thing is that the volume-to-market cap ratio remains stable around $205 million, indicating that holders are maintaining their positions.
ILV is at $3.83 (+3.59%) with a market cap of $36 million. All three of these NFT games maintain bullish market structures despite the volume decline. If liquidity returns, we might see these tokens push higher. The sector seems to be consolidating rather than collapsing, which is a good sign for those long on these projects.