MANA and SAND are among the assets in the metaverse sector with lucrative moves for now, and they might extend their impressive momentum in the upcoming years.
Metaverse is among the leading trends in the crypto space in 2021. Though the concept did not see much attention at the start of the year, 2021’s second half had metaverse exploding as market players enjoyed the changing dynamics.
MANA and SAND Surge Massively
While top currencies like Bitcoin (BTC) and Ethereum (ETH) receive most of the attention in the crypto industry, lesser-known digital coins usually outperform them. Sandbox’s native coin SAND and Decentraland’s MANA are among the top crypto performers of the year.
SAND and MANA recorded thousands of percentages gains since January 2021, and they joined the top-100 crypto list by market capitalization. Though the assets did not witness attention as the year began, they picked up towards the 2021 end.
Facebook rebranding to Meta is among the top price triggers in Decentraland and Sandbox. That showed that the leading social media platform would extend its services to the metaverse. The moves kick-started massive adoption of metaverse token line MANA, SAND, and many others.
MANA traded under $1 as 2021 started and briefly surged past the mark in May. Nevertheless, the alt surge in October after Facebook’s news, surging to ATH’s past $5 in a few weeks. MANA has outperformed many assets over the last 52 weeks with its over 4,000% value gain.
SAND also saw increased adoption, benefiting from the announcement by Facebook as the coin entered the top-100 crypto-list. The metaverse coin gained over 900% since Facebook declared its metaverse interest.
What 2022 Holds
Analysts point at increasingly metaverse projects’ growth in the upcoming year. Morgan Stanley’s analysis shows that metaverse can see its capitalization hitting $8 trillion. That is if it hosts the up-and-coming generation of gaming, streaming, and social media platforms.
SAND and MANA 2022 Technical Forecast
Sandbox’s technical indicators suggest that SAND is among the top-performing alt in the market for now. The altcoin trades beyond the 200-day MA of $1.76 as the MACD line stays beyond the neutral region. At this publication, SAND trade beyond $6. WalletInvestor analysts believe SAND will hit $13 before 2022 ends.
MANA has its technicals suggesting bullishness as it trades beyond 200-day MA of $1.59. While writing this article, MANA trades at $3.8. WalletInvestor sees MANA rallying by 140% in the coming year, ending 2022 at $8.
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