Tokens for gaming and the metaverse have been steadily rising, with MANA from Decentraland leading the way. Over the last day, MANA has seen a gain of around 12%, rising to a current price of $0.40 per token. MANA has increased by 16% overall over the last week and a staggering 47% over the previous two weeks. According to CoinGecko data, it has gained the most value during the last day among all 100 of the cryptocurrencies with the highest market capitalization.
Similar increases have been seen in other metaverse and gaming tokens. Today, The Sandbox (SAND) is up more than 6% to $0.36, extending its weekly gain to 9% and its 14-day surge to about 29%. Today’s price of $0.67 for Immutable’s IMX token is up roughly 4%, or over 30%, over the last two weeks. The price of Axie Infinity’s AXS token, which is currently up over 32% in just two weeks, increased by almost 3% in the last day to $5.44. Furthermore, over the past two weeks, Axie’s Ronin Network’s RON token has increased by 26%, reaching a current value of almost $0.51.
Although the reason behind MANA’s market-leading surge is unknown, the cryptocurrency industry as a whole has showed signs of life in recent weeks. The initial catalyst for this surge was conjecture on the possible authorization of a Bitcoin exchange-traded fund (ETF). But as time has gone on, Solana has been the clear winner. Over the past 14 days, the price of bitcoin has increased by almost 23%, reaching $34,915.