Ethereum Metaverse Tokens Keep Climbing: MANA, SAND Hit All-Time Highs

Hype around the rising metaverse is still soaring, following Facebook’s corporate rebrand to Meta, and Ethereum-based metaverse projects are reaping the benefits.

On Tuesday night, Decentraland’s MANA token and The Sandbox’s SAND token both hit all-time highs, continuing their recent surges.

MANA set a new peak price of $5.30 overnight, according to data from CoinGecko, although it has pulled back to just under $5.00 as of this writing. Even so, the token is up 20% over the last 24 hours, with a staggering 539% climb over the past 30 days.

SAND popped to a new all-time high of $7.22 overnight, and is sitting at $6.69 as of this writing. That’s a 25% gain over the past 24 hours, with an even more impressive 30-day jump of 747%.

Both Decentraland and The Sandbox are Ethereum-based virtual world games in which players can purchase and customize land plots in a shared, perpetual online world. Such land plots—which are represented by NFT assets—can also be monetized to provide passive income back to holders.

Decentraland launched publicly in February 2020, and while it was early to the increasingly buzzy metaverse space, it has benefited significantly from the recent hype. The Sandbox is not yet live—the developers will launch a limited alpha test on November 29, ahead of a planned wide release in 2022.

Original article: https://decrypt.co/86768/ethereum-metaverse-tokens-keep-climbing-mana-sand-hit-all-time-highs