Performance of Metaverse Tokens on Ethereum Blockchain

Like the rest of the cryptocurrency industry, the metaverse sector is also experiencing a downtrend since the beginning of December 2021. It is quite shocking that the entire cryptocurrency industry has taken a fall mainly due to the downtrend of Bitcoin (BTC).

It is due to the regulatory action against Bitcoin that has resulted in plummeting the entire cryptocurrency industry. Even one of the latest spaces “metaverse” launched within the cryptocurrency industry has taken a fall due to the recent Bitcoin issue.

At present, the majority of the metaverse tokens are listed through the Ethereum network. Out of these metaverse tokens on the Ethereum network, the tokens taking the hit include MANA, AXS, SAND, and ENJ.

Decentraland (MANA) is currently the largest valued metaverse token with $6,542,280,059 valuation. In the past 24-hours, MANA’s price has plummeted by 5.16%, and it has plummeted by 16.22% in the past seven days. The losses have dragged MANA’s price all the way down to $3.58. MANA’s trading volume in the past 24-hours is $1,019,532,563, while its trading volume for the past seven days has been $26,143,970,761. In the past 24-hours, the highest price hit by MANA is $3.81, while the lowest price it has hit is $3.34.

Axie Infinity (AXS) is currently among the largest valued metaverse tokens with a $6,455,533,368 valuation. In the past 24-hours, AXS’s price has plummeted by 3.93%, and it has plummeted by 25.06% in the past seven days. The losses have dragged AXS’s price all the way down to $105.80. AXS’s trading volume in the past 24-hours is $327,665,057, while its trading volume for the past seven days has been $3,215,107,189. In the past 24-hours, the highest price hit by AXS is $110.58, while the lowest price it has hit is $101.85.

The Sandbox (SAND) is currently the largest valued metaverse token with a $4,852,466,609 valuation. In the past 24-hours, SAND’s price has plummeted by 4.76%, and it has plummeted by 18.14% in the past seven days. The losses have dragged SAND’s price all the way down to $5.24. SAND’s trading volume in the past 24-hours is $1,663,048,782, while its trading volume for the past seven days has been $8,554,720,663. In the past 24-hours, the highest price hit by SAND is $5.60, while the lowest price it has hit is $4.95.

Enjin Coin (ENJ) is currently the largest valued metaverse token with a $2,239,774,836 valuation. In the past 24-hours, ENJ’s price has plummeted by 2.77%, and it has plummeted by 21.16% in the past seven days. The losses have dragged ENJ’s price all the way down to $2.65. ENJ’s trading volume in the past 24-hours is $303,708,242, while its trading volume for the past seven days has been $8,270,787,866. In the past 24-hours, the highest price hit by ENJ is $2.77, while the lowest price it has hit is $2.50.

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