Zilliqa (ZIL) is up 49.20% and has become the top earning token in the last 24 hours. However, in the metaverse ecosystem, tokens are making a big splash today.
As Koinfinans.com reported, this has increased Zilliqa’s market value up to $419,512 million. Altcoin’s trading volume, on the other hand, shows a 2591.03% jump compared to the previous day. The ZIL token is currently trading at $0.0264. The creation of 550 smart contract wallets in the last 2 days seems to be one of the reasons for the increase.
Other Metaverse Tokens Also Rise
The Sandbox (SAND) is up 14.67% in the last 24 hours. Market cap and rose to $783,372 million. However, the trading volume increased by 65.14%.
ApeCoin (APE) increased by 12.37% in the last 24 hours. Trading volume has increased by 158.08% in the past day and its market cap is now $1,420 billion.
The market value of Metaverse tokens has increased by 9.60% in the last 24 hours to reach $10.859 billion. Metaverse’s trading volume increased by 110.82% compared to the last day.
Is the Uptrend Coming?
A slowdown in wage growth and a decline in services sector activity in the US, which signal the Fed will raise interest rates less aggressively, are the main drivers of the cryptocurrency market boom.
Despite the significant developments over the past week, Bitcoin and Ethereum values continued to trade above key support levels. After the FOMC Minutes were published, the price of cryptocurrencies also started to rise.
Numerous points prove a slowdown in inflation. Investor sentiment has been bolstered by China’s reopening of its international borders and initiatives by other central banks to curb inflation.