Bitcoin Consolidates Recent Gains as Two Metaverse Tokens, Sandbox, and Decentraland Take off
Bitcoin has been consolidating for the last few days, but a variety of digital assets have experienced solid seven-day gains. Over 170% has been seen in the value of decentraland and sandbox, two metaverse tokens. Loopring, crypto.com coins, and arweave, all crypto assets, have seen their value soar by more than 66%, and even up to 169%, this week.
Decentraland, Sandbox, Loopring See Triple Digit Gains This Week
Bitcoin (BTC), the price, has been above $60K for some time now. Market performance this week has not been very good. Bitcoin (BTC) saw a 0.5% gain over the past seven days. However, three of the top ten cryptos saw double digit gains this week.
Binance coin (BNB) is the third largest market by overall valuation. It is trading at $610 per BNB and is currently up 24.1%. Solana (SOL), which is currently trading at $235 per unit, has risen 20.9%. Furthermore, polkadot has risen 21.9% and is currently changing owners for $51.29 per Unit.
While binance coin, solana, and polkadot saw double-digit spikes this week, sandbox, decentraland, and loopring prices soared this week. Sandbox (SAND) spiked 175.3% and decentraland (MANA) jumped 172.9% in value. During the course of the week, loopring (LRC) lifted by 169.4%.
SAND is ranked number 78 out of the crypto economy’s 10,390 coins as the crypto asset has gained 8,039% year to date. Similarly, decentraland (MANA) has done extremely well during the last 12 months spiking 3,931% year to date. 12-month statistics for loopring (LRC) show the cryptocurrency is up 1,025% over the last 12 months.
Numerous Double-Digit Crypto Gainers — Bitcoin Dominance Close to Sinking Below 40%
Following those three-digit crypto gains, crypto.com coin (78.6%), arweave (66.2%), kadena (64.4%), holo (41.3%), chiliz (40.8%), basic attention token (39.4%), amp (39%), NEM (33.9%), omg network (31%), enjin coin (28.4%), and wonderland (25.1%) saw double-digit gains this past week.
The overall market capitalization of all 10,000+ coins in existence today is nearing $3 trillion at approximately $2.835 trillion on Friday, November 5. While there’s $152.28 billion in global trade volume, $83 billion of that volume is paired with stablecoins. Tether (USDT) commands $71.9 billion of today’s $83 billion aggregate total trade volume.
Out of the $2.835 trillion in value recorded on Friday, bitcoin’s (BTC) dominance is just above the 40% region with 40.6%. Ethereum, on the other hand, has 18.7% and numerous alternative crypto caps have increased dominance percentages.