Since the crypto market reached the first of its many all-time highs in 2021, it has continued to nosedive in what became the crypto winter of 2022. Regardless of the market downs, cryptocurrencies have shown some exponential growth index and resilience to bounce back to normal.
At the moment, there have been positive signals from the top trending cryptocurrencies like Bitcoin, Ethereum, Cardano, and most of all, Dogecoin. Dogecoin started as a meme-inspired cryptocurrency in 2013 but is already making waves in today’s market, despite the criticisms involved. Dogecoin is currently trending over speculation that it could be Twitter’s favorite native digital currency.
This price analysis peeks into Decentraland (MANA) and The Sandbox (SAND); then a new meme cryptocurrency—Big Eyes Coin (BIG).
Decentraland price analysis
Decentraland is a Metaverse platform that claims to be the first-ever completely decentralized Metaverse project run by a decentralized autonomous organization (DAO). Decentraland is powered by three tokens, two non-fungible tokens, LAND and ESTATE, and one native token, MANA.
Our focus is on MANA. MANA is the token used within the Decentraland ecosystem. It is used to pay for fees, build structures and interact within Decentraland. MANA has well-detailed tokenomics and can be traded on a crypto exchange.
If you follow MANA’s market closely, you’d observe that it was grossly affected by the crypto winter, just like its closest rival, The Sandbox (SAND). MANA lost nearly 90% of its all-time high to the 2022 crypto crash, but has been showing signals for a potential rebound.
Decentraland has been active in the Metaverse space, despite recording low usage over the last few months. This has been the case around Metaverse platforms. However, $MANA’s price upshoot [to its all-time high] may depend on a strong bullish and high user traction for the Metaverse which appears to have declined at the moment.
The Sandbox price analysis
The Sandbox (SAND) is another Metaverse coin and platform similar to Decentraland (MANA). Unlike MANA, SAND is a utility token and can be used for interacting in games and as governance of The Sandbox.
SAND and MANA also share a resemblance in terms of market value, as both lost huge values to the crypto winter. The diminishing Metaverse hype which has affected how users access and use the Metaverse has also contributed to SAND’s low prices. Any bullish could send it soaring to its all time high price of nearly $8.5.
Big Eyes Coin price analysis
Big Eyes Coin is still a new cryptocurrency with a total supply of 200 billion tokens available to the market. Its circulating supply is 80% of the total supply. At the time of writing, Big Eyes Coin is running its presale program so we cannot predict for sure what its CEX listing price would be. The community is, however, hyped for a huge turnout as its presale has accumulated more than $9 million already, with more set to come.
Use the code BEYES2366 to get bonus tokens when you buy Big Eyes Coin!
Learn more on Big Eyes Coin
- Presale: https://buy.bigeyes.space/
- Website: https://bigeyes.space/
- Telegram: https://t.me/BIGEYESOFFICIAL