Metaverse Tokens Boom: Zilliqa Price Surge By 50%; SAND Up By 15%

The tokens in Metaverse ecosysytem is seeing a big jump today as Zilliqa (ZIL) soars by 49.20% in the last 24 hours. It is also the biggest gainer on Metaverse in the 24 hours.

The market cap for this crypto has gone up to 419.512 million USD. The trading volume is seeing a jump of 2591.03% as compared to the previous day. The price of each ZIL token is 0.0264 USD, an increase of 0.008564 USD in the last 24 hours. Source: coinmarketcap

There have been 550 smart contract wallets formed in the last 2 days, which might be one of the reason for the hike.

Other Metaverse Tokens

The Sandbox (SAND) hikes by 14.67% in the previous 24 hours. The market cap has gone up and stands at 783.372 million USD. Trading volume increases by 65.14%.

ApeCoin (APE) increases by 12.37% in the last 24 hours. Trading volume is seeing a jump of 158.08% over the last day. The market cap is currently at 1.420 billion USD.

Also read: 5 Best Metaverse Games To Enjoy This Winter

The market cap for Metaverse tokens has boosted by 9.60% in the last 24 hours and stands at 10.859 billion USD. Trading volume of Metaverse soars by 110.82% as compared to the last day.

Is the market entering bullish momentum?

A slowdown in wage growth and a decline in services sector activity in the United States, which point to the FED raising interest rates less aggressively, are the main drivers of the cryptocurrency market boom.

Despite a significant recent week, the values of Bitcoin and Ethereum continued to trade solidly above the major support levels. After the FOMC Minutes were published, the price of cryptocurrencies also started to rise.

Numerous point prove that there is a slowdown in inflation. Investor sentiment has been buoyed by China’s reopening of its international borders and initiatives taken by other central banks to reduce inflation.

Also read: 5 Top Metaverse Tokens To Add To Your Portfolio This Week