With the crypto market showing significant price gains today, The Sandbox (SAND) is up over 14% amid the Web3 LAND sale scheduled for February 10. Decentraland (MANA), on the other hand, was valued 75% in two weeks with improvements in its interface that helped improve the user experience. Developments that gave rise to the metaverse coin market cryptocoin.com compiled for our readers.
Why is the price of The Sandbox (SAND) rising?
The price of SAND is up over 16% this week as the Sandbox team announced another LAND sale, including more than 550 LANDs, 8 ESTATE auctions and Premium NFTs.
The LAND sale is scheduled for February 10 at 13:00 UTC. In addition, The Sandbox recently released a new LAND contract that fixes a vulnerability in the previous contract that was reported on Dec.
Overall, Sandbox is one of the most anticipated projects in the market and the LAND economy is quite active in crypto. Sandbox has received significant investments from large companies such as Softbank, which has invested over $93 million in the metaverse game. SAND is currently trading at $4.39, up close to 20% in the last 24 hours. It has a market cap of $4.06 billion and a 24-hour trading volume of $1.4 billion.
Decentraland (MANA) price up 70% in 2 weeks
Decentraland (MANA) price has jumped 75% from bottom prices as interest in metaverse projects has rekindled. Over the past two weeks, the MANA price has increased by 70% from the low of $1.70 on January 22 to $2.90 on February 1, according to TradingView data. It is trading around $3 at current levels.
3 factors that increase MANA from metaverse coin giants
Three factors that point to a positive future for the Decentraland ecosystem are its integration into the virtual environment of real-world companies, a growing ecosystem of celebrities and influencers built on the protocol, and improvements to the user interface that help improve the overall user experience.
- Sotheby’s has become a fixture in the crypto ecosystem by establishing a virtual auction house in Decentraland. In recent developments, Meta Lite Bar has announced the Decentraland integration.
- The second factor driving the MANA price up is the adoption of celebrities and influencers who want to establish their brands in VR.
- The third factor is user experience improvements and an increasing number of cross-platform integrations. The Metaverse coin project has also added a “My Store” section that allows all users to manage and track their collections and build their personal brands.
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