{"id":10151,"date":"2022-07-08T18:38:12","date_gmt":"2022-07-08T23:38:12","guid":{"rendered":"http:\/\/blog.jlbn.net\/?p=10151"},"modified":"2022-07-08T18:38:14","modified_gmt":"2022-07-08T23:38:14","slug":"top-5-metaverse-tokens-by-market-cap-see-double-digit-weekly-gains","status":"publish","type":"post","link":"http:\/\/blog.jlbn.net\/?p=10151","title":{"rendered":"Top 5 Metaverse tokens by market cap see double-digit weekly gains"},"content":{"rendered":"\n

Following a difficult period, most of the assets on the crypto market<\/a> continue their road to recovery, including several metaverse<\/a> tokens that are seeing major improvements.<\/p>\n\n\n\n

Specifically, the top five metaverse-related tokens by market capitalization \u2013 Decentraland (MANA<\/a>), The Sandbox (SAND<\/a>), ApeCoin (APE<\/a>), Theta Network (THETA), and Axie Infinity (AXS<\/a>) \u2013 are all on a roll, recording double-digit gains over the previous week, according to CoinMarketCap data<\/a> retrieved on July 7.<\/p>\n\n\n\n

Among them, The Sandbox is the convincing leader in weekly gains, as it has increased its value by 31.86%, trading at press time at $1.28. This token is followed by the native token of the Bored Ape Yacht Club (BAYC) ecosystem \u2013 ApeCoin, the price of which currently stands at $5.03, recording a 17.44% increase across the week.<\/p>\n\n\n\n

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Top 5 metaverse tokens by market cap. Source: CoinMarketCap<\/em><\/figcaption><\/figure>\n\n\n\n

Axie Infinity token is close behind, gaining 12.74% in a week, ending up at the price of $15.02. Decentraland\u2019s MANA, a cryptocurrency and platform where users can\u00a0buy land in the metaverse<\/a>, is in fourth place in terms of weekly gains, growing 12.10% on the week, to the price of $0.9166.<\/p>\n\n\n\n

Lastly, decentralized video delivery network Theta\u2019s token is fifth, gaining 10.20% and currently trading at $1.25.<\/p>\n\n\n\n

Growing interest in the metaverse?<\/h2>\n\n\n\n

Indeed, the increased gains recorded by these tokens could suggest a renewed interest of crypto investors<\/a> in the metaverse is also demonstrated by the increasing number of famous people<\/a>, companies<\/a>, sports clubs<\/a>, and organizations<\/a> filing for metaverse-related trademarks.<\/p>\n\n\n\n

As\u00a0Finbold<\/a>\u00a0reported, NFT-related trademarks in the United States\u00a0exceeded 4,000<\/a>\u00a0from January 1 to May 31, 2022, indicating that around 27 new NFT trademarks were filed per day in the first half of the year.<\/p>\n\n\n\n

Furthermore, licensed metaverse trademark attorney Michael Kondoudis shared<\/a> the news with his followers via Twitter on July 7 that in 2022 there have been over 3,300 metaverse trademark applications.<\/p>\n\n\n\n

In particular, in the first half of the year, there has been a total of 3,350 filings compared with 1,866 filed in the whole of 2021, which represents already a 44.29% increase.<\/p>\n\n\n\n

Meanwhile, the social news aggregation, content rating, and discussion website Reddit announced on July 7 that it is launching an NFT marketplace for unique collectible avatars<\/a>. <\/p>\n\n\n\n

The platform will grant users the license rights to use the NFT not just as an avatar on Reddit but also elsewhere on the internet.<\/p>\n\n\n\n

Disclaimer:<\/em><\/strong>\u00a0The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.\u00a0<\/em><\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Following a difficult period, most of the assets on the crypto market continue their road to recovery, including several metaverse tokens that are seeing<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3423,254,3421],"tags":[3426,3468,3447,888],"_links":{"self":[{"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/posts\/10151"}],"collection":[{"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10151"}],"version-history":[{"count":1,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/posts\/10151\/revisions"}],"predecessor-version":[{"id":10152,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/posts\/10151\/revisions\/10152"}],"wp:attachment":[{"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10151"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10151"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10151"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}