GameFi, Metaverse Crypto Sectors Lead With 100% Sandbox (SAND) Price Rally
The post GameFi, Metaverse Crypto Sectors Lead With 100% Sandbox (SAND) Price Rally appeared on BitcoinEthereumNews.com.
The GameFi and Metaverse sectors have taken charge of the next leg of the crypto market rally with The Sandbox (SAND) price gaining almost 100% in the last 2 days. Apart from SAND, other market players like Decentraland (MANA), Gala (GALA), and Axie Infinity (AXS) have also staged strong gains over the past week. The Sandbox (SAND) Price Revives GameFi, Metaverse Sectors Metaverse platform The Sandbox has registered strong network activity with its native token SAND price gaining more than 100% in the last few days. As a result, it managed to outperform other top altcoins like XRP and Cardano. Furthermore, on-chain metrics show that the SAND price rally can continue further. As per the CryptoQuant data, the daily transaction count for SAND has surged to 11,597 reaching the highest in the last seven days. Courtesy: CryptoQuant The surge in SAND’s transaction count shows that investors are bullish on the asset’s recent surge thereby signaling higher demand and participation. Furthermore, there’s also a surge in the exchange withdrawal transactions that hints at a bullish momentum ahead. It shows that long-term investors are moving SAND off the exchanges hinting at increased confidence in the asset. On the technical chart, SAND price has given a breakout from the downward-trending pattern eyeing the next target of $1.40. Thus, investors are eyeing for another 75-80% rally ahead. $SAND Breaking out , Ready for next leg-up🚀#Altseason pic.twitter.com/YVxrQtXl70 — Wallstreet Queen (@wsqofficial) November 24, 2024 MANA, GALA, and AXS Join the Party Apart from The Sandbox (SAND) price rally, other GameFi and Metaverse tokens like Decentraland (MANA), Gala (GALA), and Axie Infinity (AXS) have also joined the party gaining 25-50% over the past week. With more than 67% gains on the weekly chart, the MANA price is currently trading at $0.70 with its market cap crossing…
Filed under: News - @ November 25, 2024 8:23 am