Gaming and Metaverse Tokens on the Rise
Solana (SOL) may be this week’s biggest gainer, but gaming and metaverse tokens have also seen a steady ascent – Decentraland’s MANA token leading the charge. MANA has seen a 12% gain over the past 24 hours, bringing its weekly rise to 16% and its 14-day climb to 47%. Other gaming tokens have also seen an increase, such as The Sandbox (SAND), Immutable’s IMX token, Axie Infinity’s AXS token, and Axie’s Ronin Network’s RON token. The upward swing is being driven by speculation over the potential approval of a Bitcoin spot exchange-traded fund (ETF). As Bitcoin’s price has increased 23% in the last 14 days, the broader market has also risen 19% over the same span. Solana is up 33% this week alone, with a 76% pop in the last two weeks.
This news is good for cryptocurrency investors. The increased speculation and rise of gaming and metaverse tokens is a sign that the market is on the upswing. Investors should keep an eye on the market and stay informed about the latest developments.
You can read more about this topic here: Decrypt: Not Just Solana: Gaming Tokens Are Booming as Decentraland’s MANA Pumps