NEAR - Metaverse Comeback? The Surge in These 3 Cryptos Suggests It's Possible
The whole thesis around the metaverse, along with its growth trajectory in both the stock and crypto markets, has come under intense scrutiny of late. That said, a rally in three metaverse-related cryptocurrency projects today has investors enticed, with this subsector continuing to make significant gains this year after plummeting in 2022.
As of 11:30 a.m. ET, The Sandbox (CRYPTO: SAND) , Near Protocol (CRYPTO: NEAR) , and Flow (CRYPTO: FLOW) rose 14.8%, 12%, and 5.3%, respectively, over the past 24 hours. These moves are notable, because the 24-hour move for the overall crypto market is negligible, while equities are seeing significant selling pressure today.
The Sandbox is among the leading large-cap tokens today, surging on news that the Saudi Arabia Digital Government Authority is expected to partner with it to explore various avenues for growth in the metaverse. Additional interest around The Sandbox's token unlock on Feb. 14 is also driving intrigue around the SAND token.
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Metaverse Comeback? The Surge in These 3 Cryptos Suggests It's Possible