The cryptocurrency market is trying to recover after the emergence of the bear market in 2022. While the price of the eastern altcoin is falling, some cryptocurrencies are experiencing massive value gains. In this context, the latest rises came from 2 Metaverse coin projects. These cryptocurrencies, which came to the fore with important news, attracted the attention of investors by making big gains.
This Metaverse coin gained 25% in one day
Metaverse coin named MyNeighborAlice (ALICE) shared big news. Accordingly, the project announced yesterday the sale of land, which will start on August 1 and will continue for 15 days. Also, the new announcement comes a day after ALICE launched its marketplace, which allows listing and trading lands on a peer-to-peer basis. All these developments caught the attention of Metaverse’s fans and started a huge buying frenzy. As a result, MyNeighborAlice, a Chromia-based play-to-win game, has caught a lot of hype. The excitement of the players and the desire to invest is also reflected in ALICE coin. ALICE has seen significant increases in value over the past day. The cryptocurrency has increased by over 25% in a single day. Accordingly, ALICE, which was traded at $2.28 yesterday, is traded at $2.8 today. Additionally, the transaction volume of the project increased by more than 461% in the last 24 hours to $224 million.
Regarding the land sale announcement, a total of 1000 plots will be available for users to request. The sale of 975 plots will start on August 1 and end on August 15. In addition, each land sale will be auctioned in five waves, 3-4 days apart. In addition, 25 parcels will be distributed free of charge, five in each successive wave. Users will be able to enter the free land lottery by making a bid. Even if they don’t win the land sale, they will automatically enter the lottery. Thus, they will still have a chance to acquire a piece of land. cryptocoin.com As we reported, MyNeighborAlice users earn ALICE coins by combining buildings and resources to build islands. So it’s possible that new plots will be up for sale, kicking off an investment hype from players.
Axie Infinity is also on the rise
Another important news came from Sky Mavis company behind the popular Metaverse coin project Axie Infinity. Trung Nguyen, co-founder and CEO of Sky Mavis, has carried around $3 million worth of crypto tokens. This transaction took place before the company revealed details of the $540 million Ronin attack. In fact, Nguyen had moved the funds as part of an effort to recover the company’s funds after the attack. These fund transfers took place before the information about the Axie Infinity hack was made public. Sky Mavis spokesperson Kalie Moore said this was necessary to prevent short sellers from leading the token sale after the hack became public in May. After the news emerged, the AXS price started to rise. The popular metaverse project gained attention by gaining 7.24% in the last 24 hours. Accordingly, at the time of writing, an AXS was worth $17.70.
