Three Gaming Altcoins Spark Massive Rallies, Ignoring Bitcoin and Crypto Market Breakdown

By Daily Hodl Staff

While the overall cryptocurrency market experiences a turbulent week, several gaming altcoins are defying the downtrend in a major way.

SAND is the native token for The Sandbox, an Ethereum-based virtual world that allows fans of video games to build, own and monetize their gaming experiences.

The price of SAND has surged over 20% to $4.21 at time of writing.

Also in the green is JEWEL, the native token of nostalgic fantasy pixel art game DeFi Kingdoms which features usable NFTs (non-fungible tokens).

JEWEL is currently trading for $7.07, an increase of 12.31%.

Virtual world Decentraland (MANA) is also bucking the overall crypto downtrend. Today its native token MANA is up over 5% to $3.57.

The fresh price increases comes after Facebook’s recent Meta rebranding announcement, which sent many metaverse-related cryptos soaring.

Meanwhile, the top two cryptos are down over 5% today, with Bitcoin (BTC) now valued at $57,269 and Ethereum (ETH) having dipped just below the $4,000 mark.

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Featured Image: Shutterstock/galacticus/Vladimir Sazonov/Andy Chipus