Metaverse Tokens On Overdrive, Outpace Bitcoin And Ethereum

Christian Encila

Last Updated: April 22, 2022 7:56 am

3 mins read

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Trading volumes plummeted to at most 74% showing top metaverse tokens on hyperdrive as they outperform the market, surpassing the gains of their contemporaries by a huge margin.

In fact, the entire metaverse market value has jumped by 6.5% or a whopping $31.1 billion in just 24 hours.

Wednesday showed a bit of improvement in the crypto market with Bitcoin pulling off a major stunt at a hike of more than 3% with the rest of the other major cryptocurrencies blinking green.

It’s a major sigh of relief for many crypto investors and traders awaiting that upward trend movement.

Metaverse Tokens Vs Crypto Giants

To everyone’s surprise, metaverse tokens like GALA, Sandbox (SAND), and Apecoin (APE) bowled-over the major players like Bitcoin and Ethereum.

APE has remarkably increased by over 34% in 24 hours, topping off the list of gainers. The rapid developments happening with SAND and APE seem to have stirred interest and put the spotlight on the metaverse tokens. Now, investor eyeballs are on these top metaverse tokens.

BTC total market cap at $815.46 billion on the daily chart | Source: TradingView.com

BTC total market cap at $1.96 trillion on the daily chart | Source: TradingView.com

The APE daily trade volume rose to approximately 360% as of presstime. In addition, APE has also overthrown Decentraland (MANA) which was originally coined as the biggest token in the metaverse.

The majority of Ethereum whales are heavily invested in GALA, APE, SAND and other high-performing metaverse tokens. These belong to the top 10 tokens generating the most sales in the virtual space.

The recent gains just pumped up the excitement further.

No Other Way But Up

The spike in the metaverse tokens is said to be triggered by a couple of factors such as APE being recently added to the Gemini trading platform and also Yuga Labs’ rumored launch of Otherside that is valued at 600 APE.

More so, Sandbox trading volume has risen by as much as 65% in the last 24 hours. Thanks to a Bloomberg story, Sandbox popularity has risen, pooling as much as $400 million in investments.

SAND has also spiked to around 8% in the last seven days with a market cap amounting to more than $3.4 billion.

The metaverse realm is highly optimistic about this upsurge which also fueled the curiosity of many investors to deep-dive into these digital assets.

While Bitcoin and Ethereum alongside other major cryptocurrencies remain to kill it when it comes to popularity vote, metaverse tokens are surely keeping up with the pace.

Featured image from Coingape, chart from TradingView.com

Christian Encila

Christian Encila is a journalist, editor, crypto analyst, and virtual assistant focused on storytelling, financial markets, and digital media. He blends strong writing skills with in-depth analysis, turning complex information into clear, accessible insights.

His writing began in college as a feature writer for his school publication, building research and storytelling skills. He later worked as an editor at a data engineering firm, gaining recognition for writing and discipline.

He expanded internationally in Canada and South Korea, then returned to the Philippines for a decade in a major newsroom. There he became a senior news writer and editor, simplifying complex topics for broad audiences.

He later moved into cryptocurrency journalism as a crypto analyst and market expert at NewsBTC, covering trends and blockchain developments. Alongside writing, he works as a Virtual Assistant supporting editorial operations, workflows, and coordination tasks.

Outside work, he enjoys motorbikes, riding a Yamaha R3, preferring relaxed coastal rides. He spends time with two cats and a dog, and unwinds with coffee, Filipino food, and occasional rum while watching comedy films.

His career blends journalism, analysis, and support roles, reflecting adaptability across media, markets, and digital content production in modern newsroom environments and remote work settings globally.

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