Heroes of Mavia, a blockchain-based mobile strategy game that launched in early 2024, has seen the price of its token surge over the last week ahead of teased upgrades and expansion plans from creator Skrice Studios.
The MAVIA token on Ethereum has spiked by 430% over the last week, according to data from CoinGecko, reaching a current price of $0.61. It’s the largest gainer by far in CoinGecko’s Gaming (GameFi) category during that span.
Granted, the token’s price had plunged substantially over the last year since it launched in February 2024. MAVIA peaked at a price of $10.59 just a couple weeks after it launched, then lost significant value over the following months, dipping to an all-time low under a penny just last week.
Even after the latest spike, MAVIA remains down 94% from its peak.
What’s driving the surge isn’t obvious, as Skrice hasn’t made substantial moves around the Clash of Clans-like mobile game since the price started to take off on Sunday. However, the team did make several announcements closer to the start of the month.
In a thread on X (formerly Twitter), the official game account noted plans to create a “GameLink” hub to bring together crypto games across various platforms and blockchain ecosystems, along with various game enhancements and plans to launch “six flagship games”—including an “optimized and balanced” version of Heroes of Mavia.
The changes included “reorganizing the core team,” including moves to “streamline operations” and “improve collaboration.”
MAVIA trading has surged since the price climb, rising from under $2 million on Saturday to a current rolling 24-hour mark of $100 million. The token has a current market cap of $32.1 million, making it the 863rd most valuable cryptocurrency by that metric.
GG Newsletter
Get the latest web3 gaming news, hear directly from gaming studios and influencers covering the space, and receive power-ups from our partners.
Source link
