Metaverse Tokens Recover Momentum amid Christmas Rally
Gala Games, The Sandbox, and Decentraland are among the GameFi and Metaverse tokens with remarkable upswings during the ongoing market surge.
Metaverse Tokens Reclaim Momentum
Christmas appears lucrative for metaverse and GameFi projects.
The overall crypto market started bouncing back from the latest dip after Bitcoin recovered to levels beyond the $50K mark. Blockchain gaming projects (GameFi) currently lead the pack with significant daily price surges. Indeed, metaverse tokens are among the top-performing assets in the top-100 cryptocurrency list. GameFi means bridging finance and gaming. Most metaverse-connected projects such as Axie Infinity combine the field through play2earn dynamics on the dames. Experts believe GameFi is among the top emerging trends in the metaverse and crypto world today.
Sandbox (SAND) leads the GameFi and Metaverse as far as today’s price gains are concerned. SAND has surged more than 22% in 24 hours to trade at $6.30.
Sandbox overtook Decentraland in market cap since Facebook changed its name to Meta, triggering the ongoing bullish run in the metaverse space. That might show market players prefer Sandbox to decentraland in the metaverse hype. Several firms, including PwC Hong Kong and Adidas, have recently revealed purchasing land plots in GameFi projects.
Though Decentraland does not match Sandbox surges, it has seen impressive price moves amid the latest hype. Its native coin, MANA, has outperformed many assets, gaining 15.6% in a day. Meanwhile, Decentralized has hosted multiple events during this festive season to attract players. They include live music performances and the digital snowball fight.
Lesser-known GameFi tokens also appear strong. Gala games surged 7.9% today after launching its latest game’s land sale, LEGACY. Meanwhile, GALA is among the top-performer of 2021, surging over 725% to November’s ATH of $0.71.
As the assets still hover around November’s ATHs, the massive price movements from GameFi and Metaverse projects indicate bullishness by investors as 2022 nears. However, we do not know whether the projects will accomplish their visions in the coming year. Nevertheless, experts trust these projects have a place in the future.
What are your thoughts about GameFi and Metaverse tokens in the future? Should we expect a further boom in 2022? You can share your views below.
