Year 2023 Starts With A Bang For Metaverse Tokens

As the cryptocurrency industry has stepped into the year 2023 like the rest of the industries, it expects to have a fresh and positive start.

Things have not been promising for most of the major cryptocurrencies. However, the metaverse tokens have a different story to share as they have been performing well.

The tokens from the metaverse industry are demonstrating strong gains. The most prominent tokens from the industry include ApeCoin, Axie Infinity, The Sandbox, and many more.


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Their performances have been promising and this is exactly what is going to earn them a strong position in the crypto market in 2023.

The major cryptocurrencies such as Bitcoin, Ether, and more are finding it difficult to increase their utility. Despite the struggles and efforts, things have not turned out well for the crypto markets.

On the other hand, the metaverse industry is performing really well. The reason behind the increase in the prices of the above-mentioned tokens is that they are part of the metaverse.

The technology is a hit among new and old investors and users. The adoption level of the metaverse technology is very high and these tokens are profiting from that.

Performance of Metaverse Tokens in the Past 24 hours

If we look at the past 24-hour performance of the major metaverse tokens, we see that they have performed well.

Among the performing, tokens is ApeCoin (APE) which has recorded a 6% surge while Axie Infinity (AXS) has also experienced around a 6% surge.

At the time of writing, APE is trading at a high of $3.86 per APE while Axie Infinity is also trading at a high of $6.40 per AXS.

Other major tokens such as The Sandbox (SAND) and Decentraland (MANA) have performed well as well. The trading value of SAND has surged by 4.8% while MANA’s trading price has been moved up by 4.44%.

Following the surges, the value of SAND has surged to $0.40 per SAND while the value of MANA has surged to $0.30 per MANA.

The downfall of the Metaverse Industry


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Things had been working out quite well for the metaverse industry as it was launched back in 2021. It was in the earlier stages and was enjoying a great amount of contribution and support from the investors.

However, with the start of 2022, things turned bad for the industry. The trading values of the metaverse tokens plummeted tremendously as people kept losing their trust in the crypto industry in general.

As things were bad for the metaverse industry in the first three quarters of 2022, it was not able to move forward. Most of the tokens from the metaverse sector were among the worst performers during the particular period.

However, things started to change for these tokens by the end of 2022. With the initiation of the fourth quarter, things started to look promising for the metaverse tokens.

Although the metaverse tokens have not recovered to their strong trading levels from 2021, they have indeed started to move higher.

This is reassuring for the investors that the trading price of the metaverse tokens has started to move higher. The investors will now start investing in these tokens with great enthusiasm.

This is going to be promising for the major currencies throughout the year 2023.

Performance of Metaverse Tokens

At present, APE is trading at $3.86 and its valuation has also grown to a high of $1.3 billion. The trading volume of the asset has moved up to $148 million after experiencing a 261.79% surge.


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Axie Infinity is also performing well with a $6.39 trading value with a trading volume of $71 million, being up 132.81% in the past 24 hours. The valuation of the asset has surged to $640 million.

Things are going to become quite interesting for the metaverse in the running year. This is because people have finally started to learn to adopt and invest in the metaverse.


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