Metaverse tokens are on the rise amid renewed interest in NFTs. Last month, NFT sales volume increased for the first time in seven months. And this interest is reflected in the price of his NFT tokens based on the Metaverse. The prices of Axie Infinity (AXS), Sandbox (SAND), Apecoin (APE) and others have increased significantly in the last week.
AXS is leading the way, up 33% over the past week.according to coin gecko, The token performed best among the top 100 cryptocurrencies during the period.
AXS is the native token of Axie Infinity, a Play-to-Earn (P2E) gaming platform. The token is currently trading at $8.78 and has a market cap of over $997 million.
The rally has been very well received within the Axie community, which has endured a tumultuous year. They had to witness AXS lose more than 94% of his value and trading volumes plummet to his $18,000. However, a change of fortune saw trading volumes jump to his $695 million in the last 24 hours. More than $3.2 million in short positions were subsequently liquidated within the period, according to the company. coin glass.
SAND, the token that powers virtual real estate platform The Sandbox, follows Axie in second place. However, unlike AXS, SAND is only up 9% over the past week. It currently trades at $0.61, with a trading volume of $201 million and a market cap of over $954 million.
However, the gains were not enough to make up for the annual losses. SAND is down 92% from all-time highs.
Apecoin (APE) is another notable NFT-based token that has seen a rise over the past week. It has over $232 million in trading volume and a $1.5 billion market cap, up 3%. Interestingly, like most tokens in this category, its trading volume has increased significantly over the past few days.
Except for the top 100 magic (MAGIC) was the most impressive. Trading volume surpassed his $3.8 million, up 96% over the past week. MAGIC is the native token of Treasure, a decentralized video game console. This platform connects games and communities through imagination.
0 Comments