Ethereum metaverse tokens skyrocket: ENJ, SAND and MANA reach all-time highs

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Ethereum-based metaverse projects are reaping the benefits of the growing hype surrounding the virtual world. Metaverse tokens have maintained a bullish outlook amid the decline witnessed by most cryptocurrencies. Facebook was the newest addition to the virtual world by rebranding and changing the name to Meta. The three best-performing metaverse tokens: Decentraland (MANA), Enjin Coin (ENJ), and The Sandbox (SAND) all hit new all-time highs at the start of 24 November as they continued with their bullish rallies. MANA’s new all-time high (ATH) ( Decentraland) is 5, 31 $ and although it slipped by 2, 87% below the ATH at the time of writing, the coin still recorded an increase of 31, 15% in the last 24 hours. The new all-time high of Enjin Coin (ENJ) is 4, 50 $, but slipped by 4, 98% from the ATH at the time of writing, although it still recorded an increase of 10, 53% in the last 24 hours. The Sandbox (SAND) for its part has reached a new all-time high of 7, 24 $ although it dropped 2, 73% from the ATH, but still maintained a bullish outlook by recording an increase in 44, 20% in the last 24 hours. Decentraland, Enjin Coin and The Sandbox are all Ethereum-based virtual games. Decentraland and The Sandbox are games in the virtual world where players buy, customize and resell virtual land represented by NFT assets. Decentraland was launched in February 2020 and was among the first to enter the metaverse world. Sandbox is still working on its alpha test, which is expected to launch in November before release to the main network in 2022. What is the metaverse? Metaverse has become a very popular term not only in the crypto space but also in the world of virtual reality. If you don’t know the term, it refers to networks in which users interact in shared 3D spaces using avatars. The term is primarily used for online gaming and communication and although it was initially dominated by centralized companies, cryptocurrency startups are taking up more space as they seek to assert their authority in the space. of cryptocurrencies have offered more opportunities on the metaverse as they provide a completely open and interoperable environment that allows users to use NFT assets on a variety of gaming platforms. The post Ethereum metaverse tokens skyrocket: ENJ, SAND and MANA reach all-time highs appeared first on The Home of Altcoins: All About Crypto , Bitcoin & Altcoins | /a>.


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