Metaverse Tokens Outpace Top Cryptocurrencies This Week, What’s Next?

Top metaverse tokens continue to soar higher amid skyrocketing interest in the space. After a decline in April, top metaverse tokens including ApeCoin (APE), Decentraland (MANA), The SandBox (SAND), and Axie Infinity (AXS) appear to have bottomed out, and are logging strong gains.

In the last 24 hours, many metaverse tokens have outweighed top cryptocurrencies such as Bitcoin and Ethereum, rising more than 5%. The rally is the result of whale buying and metaverse adoption this week.

Top Metaverse Tokens Soar Higher

Metaverse tokens are rising significantly higher since the start of the month as whales accumulate metaverse tokens from the bottom price. Moreover, BlockFi‘s launch of trading of top metaverse tokens for non-US clients has also resulted in price hikes.

ApeCoin (APE) token outperformed the crypto market in the last two weeks. While the crypto market witnessed capitulation, the APE price jumped nearly 50% to make a high of nearly $26. However, the price has plunged to $16 after the Otherside metaverse launch, as APE tokens are locked for a year. Despite the fall, Ethereum whales have returned to capitalize on low prices. Moreover, ApeCoin staking and forum restructuring voted today will surely bring another bullish movement.

Decentraland (MANA) token is also witnessing an upside move with whales accumulating at dips and availability for trading by BlockFi. MANA is one of the top 10 purchased tokens in the last 24 hours by Ethereum whales. MANA has jumped nearly 20% since May 1. Recently, Standard Chartered and Fidelity Investments entered the metaverse space through Decentraland.

Trending Stories
Asia Leads NFT Adoption In 2022, New Report Shows
News
Breaking: BINANCE Commits $500 Mln To Elon Musk's Twitter Deal
News
ETH Founder Buterin's $100 Mln Shiba Inu Fund Backs Anti-COVID Efforts
News
Solana Pay Targets Real-World Use With Transaction Requests
News
DeFi Protocol Lido Finance Hits A Whopping $19.52 Billion In TLV
News

The Sandbox (SAND) is again among the most purchased token by Ethereum whales in the last 24 hours. Top-ranked Ethereum whale “Bonobo” bought 1,510,593 SAND tokens. Moreover, news of Dubai’s regulator and NFT explorer NFTSCAN purchasing lands on The Sandbox, and BlockFi adding The Sandbox for trading and incentive are pushing SAND prices higher. The price has jumped nearly 25% since its bottom on May 1.

Axie Infinity (AXS) token after witnessing a massive fall in prices due to the Ronin hack has finally started to move upward. To be precise, the rally started on May 4 as the company announced Land staking rewards. In the last 24 hours, the price has rallied more than 20%. Also, BlockFi support too proved significant for the AXS token.

Metaverse Sees Increased Interest

Companies and celebrities are stampeding into the metaverse as they see massive opportunities and hype in the market. Recently, the Bored Ape metaverse Otherside raised 320 million in just a day through NFT minting, disrupting the Ethereum network as gas fees rose to record levels.

  • Trending
  • Price Analysis
  • Asia Leads NFT Adoption In 2022, New Report Shows
  • DeFi Protocol Lido Finance Hits A Whopping $19.52 Billion In TLV
  • Here’s How South Korea Is Preparing To Become Next Crypto Hub
  • Bitcoin (BTC) Price Spikes Following Feds agreement to increase interest rates
  • Gucci Opens Its Doors to Crypto Customers In The U.S.
  • Axie Infinity (AXS) Rallies Past $30 On BlockFi Support, Staking Plans
  • Zilliqa Token (ZIL) Prices Zoom By 40%; Here’s Why
  • Avalanche (AVAX) Prices Jump 14% On New Trust Launch, Here’s Why
  • California Governor Issues Crypto Executive Order, Unveils Roadmap for Blockchain Adoption
  • Sell The Rumor Buy the News, Bitcoin Gives 5% Upside After Fed Meeting
  • ETH Price Analysis: Remains Pressured Below 0.5% Fibonacci Retracement Level
  • Bitcoin Price Analysis: BTC Price Consolidates Below $40,000; A 10% Bounce Is Awaited
  • APE Price Prediction: APE Price Eyes 10% Hike with $17.6 Breakout
  • Bitcoin Price Prediction: BTC Price Hovers Near $38,000; Hold Or Exit?
  • Zilliqa Price Prediction: Bear Trap Triggers Recovery Opportunity In ZIL
  • Ethereum Price Prediction: ETH Price Consolidates Near $2,800; Is Breakout On The Offer?
  • Terra Price Prediction: LUNA Price Remains Pressured Below $90.0; Is $70.0 Possible?
  • TRON Price Analysis: TRX Price Offer $0.75 Breakout, But Will It Sustain?
  • CRV Price Prediction: Rising Bullish Momentum May Push CRV Above $3
  • WAVES Price Prediction: Can This Be A Reliable Bounce Back?
Crypto StoriesView all
These Firms Are Backing Elon Musk’s Twitter Bid
The First Bitcoin Recipient Hal Finney Back To Life
Bill Lee Buys Team in Big3 league in a historic dogecoin transaction.