Metaverse Tokens For Huge Gains! Top 4 Tokens Traders Need to Watch Out For
The post Metaverse Tokens For Huge Gains! Top 4 Tokens Traders Need to Watch Out For appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide
With spectacular rises in six significant altcoins, one crypto sector is defying an overall market slump. While Bitcoin (BTC) is stuck below $60K, cryptocurrencies related to gaming and virtual reality are gaining ground at a breakneck pace.
Decentraland (MANA)
Decentraland (MANA), the 31st largest crypto asset on the market, is up 38 percent in the last 24 hours, extending its remarkable surge that began late last month. MANA has increased by almost 600% in the last 30 days at the time of writing.
According to statistics source Messari, it has a market capitalization of $9.2 billion. The increase puts it ahead of Axie Infinity’s AXS, a metaverse-related play-to-earn game with a market valuation of $8.6 billion.
According to Reuters, the Metaverse Group, a Tokens.com subsidiary, purchased a piece of virtual real estate in the Decentraland metaverse for 618,000 MANA – or $3.2 million at the time of writing.
Sandbox(SAND)
Metaverse platform The Sandbox (SAND) is also making waves, with a gain of over 136 percent in the last seven days and 48 percent in the last 24 hours. SAND’s growth coincides with the unexpected announcement of a deal with fashion behemoth Adidas.
After the token soared again in the market, SAND’s trading volume increased by 41% in the last 24 hours. The volume to market capitalization ratio is 1.49. After an intraday increase of 6.75 percent, the SAND/BTC pair yields favorable results, with a valuation of 0.0001304 BTC.
GALA
At the time of writing, Gala, an Ethereum-based play-to-earn platform, appears to be the most outperforming. GALA Price has increased by more than 300 percent in the last seven days and by 26% in the last 24 hours. It’s currently trading at $0.47.
For more than a week, the GALA Token has been steadily climbing in the daily chart. And, if the price breaks through the resistance trendline, the current increase in positive momentum could assist it hit $1.
As the slope rises above 70%, the RSI indicator signals an increase in underlying bullishness.
UFO Gaming (UFO)
UFO Gaming, a decentralized social gaming platform, has joined the crypto gaming bull run (UFO). The project has established a “Dark Metaverse” based on the Ethereum network, where users may build their own clans, own and sell virtual land, and earn crypto or non-fungible tokens (NFTs)
In the previous seven days, UFO has increased by 118 percent, and in the last 30 days, it has increased by 369 percent. The price is present $0.000053.
Iluvium (ILV)
Illuvium (ILV), a decentralized NFT-focused gaming company, is also surpassing the market. Illuvium’s ILV token is presently worth $1,477.43 at the time of writing, up 43 percent in the last week and 24 percent in the last day.
Starlink(STARL)
Finally, Starlink (STARL), a metaverse gaming launchpad, is getting in on the action. STARL had been going down for almost a week, but it has now regained its losses and is up 2% in the last week, but up nearly 500% in the last 30 days.
Read more: https://coinpedia.org/non-fungible-token-nft/metaverse-tokens-for-huge-gains/
Text source: Coinpedia – Fintech & Cryptocurreny News Media| Cr
