The trading volume dropped to 74%, with top metaverse tokens showing on hyperdrive. They outperform market gains by an incredible margin and have more than doubled their trade volumes.
The entire metaverse value has increased by 6.5%, or $31.1 billion, in 24 hours.
On Wednesday, there was some progress in crypto markets with Bitcoin pulling off a big stunt at an increase of more than 33%. The rest of the major cryptocurrency cryptocurrencies were still blinking green.
It’s a major sigh of relief for many crypto investors and traders awaiting that upward trend movement.
Metaverse Tokens and Crypto Giants
To everyone’s surprise, metaverse tokens like GALA, Sandbox (SAND), and Apecoin (APE) bowled-over the major players like Bitcoin and Ethereum.
APE’s remarkable rise of over 34% within 24 hours is a major gainer. SAND’s rapid development and APE’s impressive rise seem to have prompted interest in metaverse tokens. These top metaverse tokens have attracted a lot of investor attention.
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Source: TradingView.com| Source: TradingView.com
Source: TradingView.com| Source: TradingView.com
As of presstime, the daily APE trade volume had risen to around 360%. APE also overtook Decentraland, which had been originally conceived as the largest token in the metaverse.
GALA and APE are popular investments among Ethereum whales. These tokens are among the most popular in virtual space.
Recent gains only fueled the excitement.
Only Up
The spike in the metaverse tokens is said to be triggered by a couple of factors such as APE being recently added to the Gemini trading platform and also Yuga Labs’ rumored launch of And Other It is worth 600 APE
Sandbox trading volume increased as high as 65% within the last 24 hour. According to Bloomberg, Sandbox has seen a rise in popularity, with investors pooling around $400 million.
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SAND also jumped to around 8.8% over the past seven days, with a market capital of more than $3.4 Billion.
It is high time that the metaverse realm believes in this surge, and it has also fuelled many investors curiosity about these digital assets.
Metaverse tokens, while not as popular as Bitcoin or Ethereum when it comes time to vote for popularity, continue to keep up the pace.
Featured image by Coingape. Chart from TradingView.com