Markdown
Crypto Sector Defies Market Correction Amid Explosive Alts
Bitcoin (BTC continues to struggle below the $60,000 level, but altcoins are pulling off parabolic gains. Virtual world blockchain Decentraland (MANA), which is the 31st largest crypto asset on the market, is currently up 38% in the last 24 hours, continuing its rapid growth that began late last month. At time of writing, MANA is up over 600% in the last 30 days.
Also turning heads is metaverse platform The Sandbox (SAND), which is currently up over 136% over the last 7 days, and 48% in the last 24 hours. SAND’s gains come alongside a surprise announcement of a partnership with fashion giant Adidas.
The Ethereum-based play-to-earn platform Gala appears to be the most outperforming at time of writing. Gala is currently up over 300% in the last 7 days, and 26% in the last 24 hours. It’s exchanging hands at $0.47.
Joining the crypto gaming bull run is decentralized social gaming platform UFO Gaming (UFO). Built on the Ethereum network, the