Metaverse Tokens Outperform Top Crypto Assets in 2023 With Decentraland’s MANA Leading the Pack

During the archetypal period of 2023, the apical 2 starring cryptocurrencies, bitcoin and ethereum, experienced double-digit gains against the U.S. dollar. Meanwhile, respective alternate cryptocurrencies saw adjacent greater increases successful value, with metaverse tokens similar Decentraland’s MANA and The Sandbox’s SAND rising 92-150% against the greenback.

Metaverse Crypto Assets Outshine Bitcoin and Ethereum

Metaverse crypto assets person outperformed some bitcoin (BTC) and ethereum (ETH), the starring crypto plus and apical astute declaration token, respectively. In the past month, Decentraland’s MANA token has been the apical performer, rising 150% against the U.S. dollar. Over the past 2 weeks, MANA climbed 7.3%, and successful the past 7 days, it roseate 2.9%. On January 31, 2023, a azygous MANA was trading for $0.716 to $0.755 per unit.

MANA/USD

The Sandbox’s SAND metaverse token has accrued 92% successful the past 30 days and has risen 5% successful the past 2 weeks. However, contempt the 30-day increase, seven-day metrics amusement a 7.5% alteration successful SAND. On Tuesday, SAND was trading astatine a 24-hour spot terms of $0.710 to $0.741 per unit. Another top-performing metaverse token this past period was Axie Infinity’s AXS, which has risen 80% higher than the erstwhile month. In the past 2 weeks, AXS has climbed 21.5%, but it has fallen 11.4% successful the past week. On Tuesday, AXS was trading astatine a terms of $10.55 to $11.23 per coin.

SAND/USD

Following Axie Infinity’s AXS summation successful worth implicit the past month, the Apecoin project’s APE token has risen 63.3% successful the aforesaid period. APE has accrued 19.4% implicit the past 2 weeks, with 5.5% of those gains occurring successful the past week. As of writing, a azygous APE is trading for prices ranging from $5.71 to $5.96 per coin. The token associated with the Internet Computer task ICP has besides risen 48.9% implicit the past 30 days. ICP has gained 16.5% implicit the past 2 weeks. On January 31, 2023, ICP was trading astatine prices betwixt $5.65 and $5.88 implicit the past 24 hours.

A important fig of different metaverse tokens person risen successful worth this period arsenic well, pursuing a akin signifier to artificial quality (AI)-related cryptocurrencies. AI-based cryptocurrencies person seen adjacent greater gains compared to metaverse-related coins. However, metaverse-focused crypto assets person inactive performed amended than the apical 2 cryptocurrencies; bitcoin (BTC) roseate 40% this month, and ethereum (ETH) accrued 33.5%.

What bash you deliberation is driving the occurrence of metaverse tokens and bash you spot this inclination continuing successful the coming months? Share your thoughts successful the comments below.

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