coinedition.com
Following the start of a new calendar year, the global crypto market reclaimed the $800 billion price cap. The Metaverse utility coins took a substantial part of the growth. The current market cap of all Metaverse tokens is nearly $5 billion, with a 2.8% boost.
Below are the coins with the highest 24-hour trading volume, according to market data from CoinGecko.
The Sandbox (SAND): SAND currently ranks 56 among the top coins with the largest market cap. Crypto traders bought and sold over $132 million worth of Sandbox tokens, representing a 44.5% increase from what was obtainable yesterday.
SAND trades at $0.431708, with a 5.2% in the last 24 hours. The coin also gained 4.24% against top industry players such as Bitcoin (BTC) and Ethereum (ETH). Notably, in the Sandbox’s metaverse, users may use LAND tokens to buy virtual pieces of land and develop them into virtual properties.
Axie Infinity (AXS): Next on the list was AXS, with over $83 million in volume. Although Axie Infinity outranks SAND by market cap, its 24-hour trading volume was 10% less than Sandbox.
AXS trades at $6.72, gaining over 3% in 24 hours. AXS is the second-largest coin in the Metaverse, with a market cap of $773,718,662. During the Covid-19 epidemic, Axie Infinity stormed the crypto world, becoming the most significant play-to-earn game, paving the way for Sandbox and Decentraland.
Decentraland (MANA): MANA’s 24-hour trading volume exceeded $50 million after seeing an over 64% increase in the last 24 hours. It trades at $0.3234, gaining 4.2% against BTC and ETH.
Notably, on the Decentraland marketplace, users can buy property, avatar costumes, accessories, and more. Nonetheless, MANA has fallen heavily from an $8.5 billion market cap in November 2021 to $707 million today.
Disclaimer: The views and opinions are published in good faith, and readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk, and Coin Edition and affiliates will not be liable for direct damage or loss.