- Decentraland’s MANA token has jumped nearly 12% in the past day and 47% in the past two weeks, leading gains in the metaverse and crypto gaming sectors.
- Other metaverse tokens like The Sandbox’s SAND and Axie Infinity’s AXS have also seen double-digit gains over the past couple weeks amid renewed interest.
- Solana’s SOL token has been the biggest gainer this week, up 33% on speculation it can compete with or replace Ethereum.
The metaverse and crypto gaming sectors are seeing renewed interest this week, with Decentraland’s MANA token leading the charge. Speculation around a potential Bitcoin ETF approval has lifted the broader crypto market, but several metaverse and gaming tokens have posted outsized gains.
Decentraland’s MANA Jumps Nearly 12%
Decentraland’s MANA token has seen a nearly 12% price increase over the past 24 hours, jumping to $0.40 per token according to CoinGecko data. Overall, MANA is up 16% over the last week and a towering 47% across the last two weeks. It’s the biggest gainer amongst the top 100 cryptocurrencies by market cap over the past day.
Other Metaverse Tokens See Notable Gains
The Sandbox’s SAND token is up over 6% today, bringing its weekly rise to 9% and its two week climb to nearly 29%. Axie Infinity’s AXS token has jumped nearly 3% to $5.44, now up nearly 32% in two weeks. And RON, the token of Axie’s Ronin Network, is up 26% over the last two weeks.
Solana Emerges as This Week’s Big Winner
While Bitcoin has posted a 23% price gain over the last two weeks, Solana has been this week’s biggest winner – up 33% this week alone to $42.64. That marks a sizable 76% increase over the last two weeks. Speculation that Solana can compete with or even replace Ethereum has driven renewed interest.
Conclusion
It’s unclear precisely what’s behind MANA’s surge, but the broader crypto market uptick and speculation around the metaverse sector likely play key roles. Either way, both the metaverse and crypto gaming niches are seeing surging interest this week as tokens like MANA, SAND, and AXS post notable gains.
