Web 3.0 technology has evolved, and it’s slowly making its mark in the crypto world. Blockchains like Decentraland, Sandbox, and Snowfall Protocol (SNW) that support the evolution of Web 3.0 are reaping the benefits now. With the initial weeks of 2023 shaping up to be favourable for the crypto markets, native tokens of Decentraland, Sandbox, and Snowfall Protocol (SNW) blockchains are climbing in price. Here is what is fueling the rise of these tokens.
Decentraland (MANA) Users Welcome New Features
The Decentraland token has been on an uptrend, making it one of the best-performing crypto assets at the start of the new year. The token appreciated 38% in one week but remained 92% below its all-time-high price.
The price increase was a product of multiple features introduced by Decentraland recently. They include new user profiles, highlighting avatars, new friend request flow, differentiated nametags, and more. In their tweet, Decentraland announced that its intent behind adding the new features was to enable the Decentraland users to connect better within the platform.
Decentraland had been under pressure due to its small user base. However, the new features may help pump those numbers up. In general, cryptocurrencies with small market capitalization, like Decentraland, have given their investors good returns. Decentraland will also pick up more steam with a new wave of changes in the coming days.
Sandbox (SAND) Appreciates in Value
Sandbox is one of the biggest metaverse projects built on the Ethereum blockchain. The Sandbox token is used as in-game currency to buy land in the metaverse, get NFTs, and more.
Sandbox price is climbing on the back of renewed interest in metaverses. It has entered multiple partnerships that are driving the price of Sandbox. Banks like HSBC and FaZe Clan (an Esports fan) have bought assets in the Sandbox metaverse. Well-known names like Dapper Labs, ATARI, Shaun the Sheep, and SBS Seoul Game Academy have collaborated with Sandbox to build their dApps.
Moreover, Sandbox has also announced new features that have attracted new users. These include new multiplayer gameplay features, video & audio streaming, new visual effects, and more.
Snowfall Protocol (SNW) Maintains High Price Momentum
Snowfall Protocol (SNW) has been registering significant gains for its holders since its presale session. It is an interoperability project aiming to make it easier to transfer holding among blockchains. Snowfall Protocol (SNW) has maintained a high price momentum from its presale to stage 2 sale and continued it to stage 3 sale. The price of Snowfall Protocol (SNW) appreciated by 250% between stage 2 and stage 3 sale events. Snowfall Protocol (SNW) has performed incredibly well under bearish pressures. In 2023, when the market sentiment has largely been positive, Snowfall Protocol (SNW) is predicted to perform even better. Snowfall Protocol (SNW) has also released its dApp prototype and offers amazing staking opportunities to all its users.
After its launch in the first week of February, Snowfall Protocol (SNW) returns could easily surpass 1000%. That is the reason the token has been sold out whenever it opens for sale.
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