Despite its popularity, things fell apart for the metaverse concept when the crypto winter of 2022 came, and token prices started diving hard to the south. However, the recent surge across the crypto market has reignited the hype around the metaverse. The market bulls are setting in, with Decentraland (MANA) and The Sandbox (SAND) token seeing strong bullish sentiment.
Blockchain networks like Snowfall Protocol (SNW) continue to impress analysts with their excellent use cases in improving cross-chain interaction between other blockchain networks. The Snowfall Protocol (SNW) token’s presale has shown great potential, and analysts are confident it would rise by 1000x. Read on to learn more about the latest feats and trends within the crypto sector in 2023.
Decentraland Targets $0.8, Bullish Sentiment Getting Stronger
Metaverse concepts have come a long way, and Decentraland (MANA) is one of the projects pushing its adoption. The Ethereum-based open metaverse world allows users to explore and enjoy an immersive experience. However, the value of its native token, MANA, plummeted after the metaverse hype waned and market bears came in.
Recently, the Decentraland token has shown impressive growth since the beginning of 2023 and has broken a key resistance level at $0.8. Prior to the brief surge in price, the altcoin peaked at $4.88 in November 2021 but lost 94.1% of it less than 13 months later. MANA is now trading at $0.65 and has grown by 118% this year, with two key resistance levels broken already.
Decentraland token formed a bullish flag that signals a continuation of an upward trend in a few days. Meanwhile, the platform is holding the first Australian Open metaverse tournament, and buying pressure is building around its token.
The Sandbox Token Up By 5%
Like Decentraland, The Sandbox token (SAND) is seeing growing interest. While there is yet to be a clear indication about whether the hype around metaverse has revived, top metaverse tokens are rising above the roof as some of the top gainers of 2023.
About 13 months ago, The Sandbox token (SAND) dazzled investors after clinching an all-time high price of $7.53. However, the rise was short-lived, and investors started selling off massively. Before anyone could realize what was happening, the SAND token had dipped by 95% to $0.38. So far this year, The Sandbox token (SAND) has grown by 85% and 5% in the last 48 hours amidst rumors of bulls takeover.
Snowfall Protocol See Record-Breaking Demand, Impresses Analysts
Snowfall Protocol (SNW) is setting the standard with its mightily disruptive features for cross-chain communication. The multi-chain bridging solution has impressed analysts and investors by making it easier for users to send and receive their digital assets via its bridging solution.
Snowfall Protocol (SNW) is a much-needed innovation that aims to improve blockchain interoperability and enhance interchain interaction with low fees and swift asset transfer. Users can take advantage of its next-level features, like the canonical token bridge, to swap their crypto tokens.
The avant-garde swap and wrap system for NFTs makes the protocol the first one-stop multipurpose bridging ecosystem. Whether your chain is EVM compatible or not, Snowfall Protocol’s got you. The platform covers more than 200 chains. This will benefit developers, businesses, and individuals looking to harness the ability of different chains fully.
Despite being a newcomer, Snowfall Protocol (SNW) has managed to win the hearts of everyone. Its token has risen by more than 800% to $0.191, and experts predict it will still go up by more than 1000x. Snowfall Protocol (SNW) is the next blue chip investment as its use case and fast growth continues to attract market bulls.
For more information on Snowfall Protocol, visit:
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.