Cryptocurrency industry experienced an unexpected decline today. On November 12, 2021, the BTC price was withdrawn to $ 62,000 on some exchanges, and the price of Ethereum (ETH) to $ 4,500. This decline has also painted most altcoins red in general. Despite this state of the market, it is seen that some cryptocurrencies still continue to break records.
MANA and SAND Rising
The increasing metaverse frenzy after Facebook’s metaverse announcement especially benefited two cryptocurrencies. The Sandbox (SAND) and Decentraland (MANA) continues to rise since this announcement, gaining 210% and 200% gains respectively. While Meta, Facebook is trying to produce their own metaverse world, SAND and MANA have already done this and this is actually the reason for the increase.
MANA achieved an increase of 33% in 24 hours, very close to the all-time record. MANA, which saw $4.94 on October 31st, is now 30% behind this, but it is known that the price has increased by 16,000% in 1 year. The fact that the increase came at the times when the market was falling indicates that the record on October 31 may be broken soon.
Another cryptocurrency that had a green day today was The Sandbox. SAND achieved a 15% rise in 24 hours, bringing its total market value to $2 billion. SAND is also 20% behind the all-time record, but it seems like it is very close to reaching the price of $ 3.40. The SAND price is currently trading at $2.62, and breaking $3 will allow a new record to be reached.
