The largest metaverse coin projects continue to rise with the rapid growth of interest in space. After the April drop, the biggest metaverse tokens including ApeCoin (APE), Decentraland (MANA), The SandBox (SAND) and Axie Infinity (AXS) seem to have bottomed out and post strong gains.
Largest metaverse coin projects eye higher
Metaverse tokens have risen significantly since the start of the month as whales accumulate from bottom-up metaverse coin projects. In addition, according to experts, BlockFi’s initiation of trading of the largest metaverse tokens for non-US customers also caused price increases.
ApeCoin (APE) has outperformed the crypto market in the past two weeks. As the crypto market witnessed the capitulation, the APE price surged by almost 50% to around $26. However, the price dropped to $16 after the launch of the Otherside metaverse, as APE remained locked for a year. Despite the drop, Ethereum whales have bounced back to take advantage of the low prices. Also, experts think that the ApeCoin staking and forum restructuring voted today will definitely bring another bullish move.
Decentraland (MANA), MANA is one of the top 10 tokens bought by Ethereum whales in the last 24 hours. MANA has seen an increase of around 20% since May 1. Kriptokoin.com recently, Standard Chartered and Fidelity Investments entered the Decentraland metaverse space.
Sandbox (SAND) is also among the most purchased tokens by Ethereum whales in the last 24 hours. The top-ranked Ethereum whale “Bonobo” bought 1,510,593 SAND. Also, news that Dubai regulator and NFT explorer NFTSCAN has bought land in The Sandbox and BlockFi has added The Sandbox to trade is pushing up SAND prices, according to experts. The price has risen about 25% since the low on May 1.
Axie Infinity (AXS) has finally started to move upwards, after witnessing a huge drop in prices due to the Ronin attack, which we also covered in the news of Cryptokoin.com . To be precise, the rally kicked off on May 4 when the company announced its Land stake rewards. The price has increased by more than 20% in the last 24 hours. In addition, experts state that BlockFi support has also proven to be important for AXS.
