- Metaverse utility tokens contributed significantly to the $27 billion surge in the crypto market.
- AXS trades at $7.95, gaining over 7% in 24 hours, with the highest trading volume.
- ICP has fallen 99% from its $700 all-time high in May 2021.
The global crypto market saw a $27 billion inflow in the last 24 hours, and the utility coins of the Metaverse took a substantial part of the increase. The current market cap of all Metaverse tokens is $5.79 billion, with a significant 2% growth.
Below are the top-performing coins, according to market data from CoinGecko.
Axie Infinity (AXS)
AXS trades at $7.95, gaining over 7% in 24 hours, with the highest trading volume among other metaverse coins. AXS is the third-largest coin in the Metaverse by market cap. During the Covid-19 epidemic, Axie Infinity stormed the crypto world, becoming the most significant play-to-earn game, paving the way for Sandbox and Decentraland.
Decentraland MANA’s 24-hours trading volume nearly hit $50 million, putting it second on the ranking. It trades at $0.391035, with a 4% increase in 24 hours.
Notably, Decentraland operates an entire metaverse of its own. It is a virtual reality (VR) platform backed by the Ethereum (ETH) blockchain, with a native currency MANA used to conduct transactions within its realms.
On the Decentraland marketplace, users can buy property, avatar costumes, accessories, and more. Nonetheless, MANA has fallen heavily from an $8.5 billion market cap in November 2021 to $707 million today.
Internet Computer (ICP)
ICP was among the top-performer in the last 24 hours after crypto traders bought and sold nearly $30 million token units. A nonprofit organization created the token with the ambitious goal of replacing the centralized internet with a decentralized alternative.
Interestingly, ICP Price has fallen 99% from its $700 all-time high in May 2021. It currently trades at $4.14.
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