Current View of Metaverse Projects: The Sandbox (SAND), Decentraland (MANA) and Enjin Coin (ENJ)

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With the fact that more than one giant company, mainly Facebook, began to operate in this area, the popularity of Metaverse projects has increased significantly. The leading cryptocurrency BitcoinDespite the depreciation recorded by the in November, the crypto currency of many Metaverse projects recorded upward price movements at high rates.

Decentraland (MANA)

Ethereum is a virtual reality game based on DecentralandMANA became one of the rare crypto currencies that showed a high price performance in November. MANA has significantly approached the 6 dollar price levels along with the upward price movements it has recorded in its monthly time frame. MANA, which has retreated somewhat since the all–time high price level it reached (MANA ATH: 5,90 USD – CoinMarketCap), began trading at the price level of 4,7 dollars after the last price movements it recorded.

The Sandbox (SAND)

November’s SAND, which has been one of the highest price performances by rising from the price levels of 1,8 dollars to the price levels of 8,5 dollars in a short period of time such as a month, has become one of the most prominent crypto currencies among Metaverse projects in this process Dec The SandboxSAND, the crypto currency of the, although it fell to the price levels of 5,8 dollars with the last correction movement it recorded, soon recovered and started trading again at the price levels of 6,8 dollars and approached the all–time high price level (SAND ATH: 8,51 USD – CoinMarketCap) significantly.

Enj coin (ENJ)

CoinGecko has the 4th highest market capitalization in the Metaverse category after AXS, SAND and MANA. The Metaverse project is Enjin Coin Although it showed a lower price performance compared to the cryptocurrencies of Decentraland and The Sandbox, it became one of the rare cryptocurrencies to record a value increase despite the downward trend in the market. With the value increases recorded in November, the ENJ reached an all-time high, rising from the price levels of $ 2.75 to the price levels of $ 4.84. Enjin Coin, which has retreated somewhat since the ATH levels it recorded, began trading at the price levels of $3.54.

The information contained in this article absolutely does not contain investment advice. Investors should know that crypto currencies have high volatility, so they carry risks, and they should conduct their transactions in accordance with their own research.

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