During the first month of 2023, the two main cryptocurrenciesbitcoin and ethereum, experienced double-digit gains against the US dollar. Meanwhile, several cryptocurrencies or metaverse tokens saw even bigger increases in value, such as Decentraland’s MANA and The Sandbox’s SAND, which were up between 92% and 150 percent.
MANNA
In January, Decentraland’s MANA token has been the top performer, rising 150% against the US dollar. In the last two weeks, MANA is up 7.3%, and in the last seven days, 2.9 percent. On January 31, 2023, a single MANA was trading between $0.716 and $0.755 per unit.
sand
Sandbox’s SAND metaverse token is up 92% in the last 30 days and is up 5% in the last two weeks. However, despite the 30-day increase, seven-day metrics show a 7.5% decline in SAND. On Tuesday, SAND was trading at a 24-hour spot price of $0.710 to $0.741 per unit.
AXS
Another of the best performing metaverse tokens last month was Axie Infinity’s AXS, which is up 80% from the previous month. In the last two weeks, AXS is up 21.5%, but it is down 11.4% in the last week. On Tuesday, AXS was trading between $10.55 and $11.23 per coin.
PSA
Following the rise in the value of Axie Infinity’s AXS in the last month, the APE token of the Apecoin project has risen 63.3% in the same period. APE is up 19.4% in the last two weeks, with 5.5% of those gains coming in the last week. As of this writing, a single APE is trading at prices ranging from $5.71 to $5.96 per coin.
PCI
The token associated with the ICP Internet computing project is also up 48.9% in the last 30 days. ICP has gained 16.5% in the last two weeks. On January 31, 2023, ICP was trading at prices between $5.65 and $5.88 in the last 24 hours.
AI-based tokens
A significant number of other metaverse tokens have also risen in value this month, following a similar pattern to cryptocurrency-related cryptocurrencies. artificial intelligence (AI). AI-based cryptocurrencies have seen even higher gains compared to metaverse-related coins.
However, metaverse-focused cryptoassets have outperformed the two main cryptocurrencies: bitcoin (BTC) is up 40% this month, and ethereum (ETH) 33.5 percent.
