Decentraland (MANA) And The Sandbox (SAND) Tumble; Degrain (DGRN) Rises 300%
Since Bitcoin reached a new all-time high of $67,000 in 2021 and fell below the $20,000 line this year, investors have been in the market for a new coin that can bring them as much profit as the early BTC adopters raked in with Bitcoin.
Decentraland’s MANA and The Sandbox’s SAND have been researched by investors because they have similar roots in the metaverse meta. At some point, many were bullish on them; however, in the crypto winter the ecosystem is right now, their value has taken a tumble, and analysts have their sights set on the fast-rising Degrain.
Decentraland (MANA) investors start selling to buy into Degrain
Decentraland (MANA) has seen many price fluctuations this year, but some analysts believe the price will correct itself around November. Decentraland (MANA) saw a lot of pumps last year when Facebook changed itself to Meta to bring the metaverse to life.
Decentraland (MANA) itself is a metaverse token, so it benefited greatly from the news. The token operates on a blockchain that has dubbed itself a “world owned by users.”
Thanks to the bear market, Decentraland (MANA) fell lower than $1, but many analysts still think it could fly up to $4 or even $6 during the next bull run. Decentraland (MANA) could prove to be the metaverse king but there we are still years away from finding that out.
The Sandbox (SAND) will its hype continue to sustain it?
The Sandbox (SAND) has claimed it has a variety of abilities to offer. One of them is the SAND token. It is a relatively stable cryptocurrency making it a favorite of retailers and commercial investors.
However, what it is offering is a concept its other competitors are already building on in an attempt to create something even more unique. The Sandbox (SAND) currently faces stiff competition from Roblox, Bloktopia, Decentraland, and many others.
There is a low barrier to entry with Decentraland; however, they have to work twice as hard to stand out among its competitors. One of the things that are currently sustaining it in the bear market are the gamers who like the concept but can that hype continue to support it? The future looks bright for Sandbox (SAND) but it could take a while for Sandbox (SAND) to hit its all time highs again.
Degrain (DGRN) predicted to be the best crypto investment in 2022
Degrain took the world by storm when it launched presale phase one on July 7th and sold over 11 millions of its DGRN token at $0.01 in just a minute.
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