thenewscrypto.com
- The Sandbox has surpassed Decentraland in market capitalization.
- In November, the GALA token soared 725 percent to an all-time high of $0.71.
Metaverse and GameFi tokens surpass other major assets in the Christmas market rebound. Christmas is looking beautiful for GameFi initiatives. Following Bitcoin’s recent comeback over the symbolic $50,000 threshold, the broader cryptocurrency market has recovered. Some of the biggest daily rises in the top 100 crypto assets are being driven by metaverse and blockchain gaming initiatives.
Among Metaverse and GameFi projects, the Sandbox is presently gaining. The game’s SAND token is now selling for $6.30, up 22.9 percent.
The Sandbox Vs Decentraland
The Sandbox has surpassed Decentraland in market capitalization after Facebook renamed Meta. The shift may imply that investors prefer the Sandbox over Decentraland to capture the present Metaverse excitement. Adidas and PwC Hong Kong are among the latest buyers of property parcels in the game.
Decentraland hasn’t equaled The Sandbox’s advances, but it has escaped current fanfare. The MANA token is up 15.5% today, exceeding several top assets. Decentraland will hold virtual snowball battles and live music performances during the holiday season.
Smaller GameFi tokens look good too. Gala Games, which just announced a land sale for LEGACY, gained 7.8% today. In November, the GALA token soared 725 percent to an all-time high of $0.71.
The robust price activity from Metaverse and GameFi projects suggests that investors are still enthusiastic about the industry moving into 2022. Moreover, it remains to be seen whether these programs can achieve their goals next year.