crypto

Boom for Metaverse Tokens: Zilliqa Prices Surge by 50%; SAND Up by 15%

Today’s big jump in tokens in Metaverse ecosysytem has been caused by Zilliqa (ZIL), which has soared by 49.20% over the last 24 hours. It is also the largest gainer on Metaverse in 24 hours.
This crypto’s market cap has risen to 419.512 millions USD. Trading volume has increased by 2591.03% compared to the previous day. The ZIL token’s price is currently at 0.0264 USD. This represents a rise of 0.008564 US dollars in the last 24 hour. Source: coinmarketcap

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In the last two days, there have been 550 smart contracts wallets created. This could be one reason for the increase.
Other Metaverse Tokens
The Sandbox (SAND), has increased by 14.67% over the past 24 hours. The market cap has increased to 783.372 million US dollars. Trading volume has increased by 65.14%.
ApeCoin (APE), has increased by 12.37% over the past 24 hours. The trading volume has increased by 158.08% in the last day. The market cap currently stands at 1.420 billion USD.
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Also, read: 5 Best Meta Games to Enjoy This Winter
The market cap of Metaverse tokens has increased by 9.60% over the last 24 hours to 10.859 billion US dollars. Metaverse trade volume rises by 110.82% compared to the previous day.
Is the market gaining bullish momentum?
The main drivers of the cryptocurrency market boom are a slowdown in wage growth in the United States and a decline at the services sector, which points to the FED raising interest rate less aggressively.

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Despite a significant week, Bitcoin and Ethereum traded solidly above their major support levels despite the recent volatility. The price of cryptocurrencies started to rise after the FOMC Minutes were published.
Numerous indicators point to a slowdown of inflation. Investor sentiment has been buoyed due to China’s opening of its international borders and the initiatives taken by other central bankers to reduce inflation.
Also, read: 5 Top Metaverse tokens to add to your portfolio this week

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The content presented may contain the author’s personal opinion and may not reflect current market conditions. Before investing in cryptocurrency, do your market research. The publication or the author are not responsible for any financial loss.

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