3 Metaverse-focused Crypto projects Flow (FLOW), Decentraland (MANA), and The Sandbox (SAND) on the rise
As we move into 2023, it is crystal clear that metaverse-associated cryptocurrencies have certainly not been leading the charge in terms of price appreciation. Specifically, many tokens within this space were decimated during 2022 and witnessed an extreme decline of 80% or more in value. This indicates a warning sign for investors eyeing these assets heading into the new year.
Recently, The Sandbox has seen a surge in demand for digital land parcels and achieved impressive sales worth more than $1.6 million. This shows that despite the current lack of interest in this space, investors are flocking to The Sandbox as their go-to place for potential investments.
The Sandbox is also making giant strides through its new partnership with Animoca Brands, a massive tech firm that will enable them to reach millions of users globally. This strategic move has certainly helped increase the popularity and attention of the project.
3 Metaverse-Focused Crypto Projects
As the new year begins, belief in this sector has been renewed. At 1:45 pm ET today, stocks of Flow (FLOW 7.68%), Decentraland (MANA 2.50%), and The Sandbox (SAND 2.95%) have witnessed remarkable growth with an increase of 13-14%, respectively; a fantastic achievement
These projects still in the early stages of development and facing extreme volatility. It is essential for potential investors to understand the risks associated with crypto investments.
The launch of Sandbox’s public sale on January 13th has also helped propel the entire sector forward. As investors eagerly await their chance to enter.
This anticipation, in combination with favorable market sentiment and improved media attention, leads to excitement and optimism surrounding these projects that could see them skyrocket in value over the coming days.
Additionally, this is one of many projects that have cut down their staff number rendering its chances at growth less likely to happen. As such, investors may want to watch this space closely and carefully consider their options before taking the plunge.