YEREVAN (CoinChapter.com) – Metaverse tokens have enjoyed triple-digit gains since Facebook announced its rebranding to Meta in late October. According to Nov 18 statistics, gaming firm Sandbox (SAND), Yield Guild Games (YGG), and DVision Network (DVI) are among the frontrunners in the metaverse sector. Each play-to-earn (P2E) project gained over 40% in the past 48 hours.
#1 Sandbox (SAND)
In hindsight, Sandbox is a virtual gaming world where users can monetize their time spent playing the P2E model game and their possessions in the metaverse. They can create NFTs within the game and earn SAND tokens by completing various quests.
Fast forward to Tuesday; the gaming firm announced a multi-week P2E Alpha event to take place on Nov 29. The Alpha Pass (ticket to the event) will let 5000 users participate in 18 experiences and earn up to 1,000 SAND tokens, according to the time spent playing. In addition, they could win three exclusive NFTs that come in handy within the game.
Also read: SAND price logs new all-time high as Sandbox announces play-to-earn metaverse event.
As a result, SAND gained 57% since Nov 16 in a new leg up. The overall buying pressure on the metaverse token market amounted to 178% month-to-date gains for SAND. On Thursday, the digital asset retested the resistance from its previous all-time highs as support and claimed a new record at 4.32 USDT.
#2 Yield Guild Games (YGG)
As CoinChapter covered in the latest review, Yield Guild Games rallied 40% this week. In addition, the NFT lending platform partnered with eight new P2E games to provide “strong play-to-earn models.” CyBall, Thetan Arena, Influence, MOBOX, Aavegotchi, KOGs SLAM!, DeHorizon and Genopets made the cut.
Also read: Overvaluation risks surround Yield Guild Games as YGG rallies over 40% this week.
Amid new partnerships, the YGG token gained 18% in the past 24 hours. However, the rally might halt due to overvaluation risks after the explosive rally.
#3 DVision Network
Another frontrunner with impressive month-to-date gains is DVision Network, a blockchain-based metaverse, launched on Nov 1. The Network also announced a “LAND sale” on three Binance Smart Chain platforms due Nov 24.
Dvision World is just the only beginning that has set the commencement for the opening of 20 Meta-Cities, which will be owned by the users through the LAND (Meta-Space) ownership system. The LAND Ownership will be transferred through the gradual LAND Sales, with the first 2 Meta-Cities (Seoul & New York) being offered through the Binance NFT and NFTb and Dvision Marketplace in tripartite partnership
specified the announcement.
Also read: Metaverse token market jumps 13% as AXS, MANA, SAND rally
Meanwhile, the DVI token gave a choppy performance in the past two weeks but gained 65% since Nov 10. The digital asset drew an Ascending Triangle on its four-hour chart, which could lead to more gains in the upcoming sessions.
The latter consists of a horizontal resistance trendline and ascending support that prevented breakdowns.
