The Sandbox Crypto Leads Metaverse Coin Comeback: SAND Crypto Pumps +130% and MANA Chases at +85% WoW
Metaverse coins are outperforming the crypto market amid the Bitcoin dip, and the Sandbox crypto is leading, as SAND crypto gains +130%. Meanwhile, rival token MANA chases at +85%, and new meme coin SLAP smashes +4,475% skyrocket.
In a return to some of the most prominent coins in the 2021 crypto bull run, metaverse coins have surged this afternoon, defying a market-wide dip that has been led by Bitcoin’s localized retreat from $100K.
A huge reversal is underway at press time, as major metaverse projects such as the Sandbox crypto (SAND)
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and others such as Decentraland (MANA)
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breakout from long-time frame downtrends – much to the excitement of holders.
Yet, the move is far from limited to these two prominent coins. The wider metaverse crypto sector also received a boost, as the overall market cap for metaverse coins has surged +14% over the past 24 hours to hit a total of $14.52Bn.
$high metaverse coin looks nice now that $SAND is pumping#crypto #degen #metaverse #high pic.twitter.com/rMEM35f41M
— ZAMBUR (@ZAMBURXD) November 24, 2024
SAND crypto appears to be leading the breakout trend. Traders note the reversal from a near capitulation downtrend as a significant boost for buyer confidence, especially as the metaverse sector has gone largely unrecognized for much of 2024’s trading.
SAND Price Analysis: As The Sandbox Crypto Mounts Surprise Breakout Pump – Will SAND Crypto Skyrocket Be Sustained?
As the Sandbox crypto continues to dominate daily gainers amongst altcoins, SAND crypto is currently trading at a market price of $0.80 (representing a 24-hour change of +3.33%).
Looking at the hourly chart, SAND price is in the midst of an explosive breakout move, with the metaverse coin trading up 42% over the past 5-hours into midnight.
(SANDUSDT)
The move was powered by a high-octane bounce off the 20DMA (left in ascendant form down at $0.61), with SAND crypto now standing at support levels last seen in March 2024.
This forms a likely place for consolidation, with the tried-and-true level rejecting twice in the past two years, especially considering the RSI—which has overheated to a crazed reading of 88 – a strong overbought bearish signal.
Consequently, the Sandbox crypto will likely stall at these levels and attempt to form a consolidation ahead of its next leg up as holders push to cement the breakout trend.
MANA Price Analysis: Decentraland Crypto Plays Catch-Up With SAND Crypto Breakout
Whilst the Sandbox crypto is skyrocketing, Decentraland is playing catch-up as the second-highest gainer in the metaverse sector. MANA is currently trading at a market price of $0.71 (representing a 24-hour change of -2.51 %).
This comes amid a minor localized retracement, as price action cools off following an explosive +23% move over the past three hours after the MANA price was envigorated by SAND’s breakout.
(MANAUSDT)
Upside movements have seen a significant technical strengthening for MANA’s price after it smashed back above support from the 20DMA at $0.63.
Holders are now shifting to take stock of the reversal move, as MANA now faces the critical need to consolidate and re-test this freshly reclaimed moving average support level.
The RSI indicator also reflects this sentiment, having heated up to a bearish 69. However, analysts note that this is less severely overheated than SAND—perhaps teasing further upside capacity after a rest stop.
SLAP Price Analysis: New Cat Meme Coin CatSlap Pumping For Second-Leg of Skyrocket
While metaverse crypto is breaking out, a new meme coin performs an astronomical second-leg move after a seismic launch poised it to shake up the cat meme coin space.
This comes as whale wallets FOMO into CatSlap (SLAP) – a new cat meme coin that launched on Thursday, ahead of the anticipated 3x overnight move to a $100M market cap.
Whales are gobbling up $SLAP tokens in a hurry. In one instance, a whale purchased $60k – a serious vote of confidence, as bullish momentum explodes – especially with 40% APY staking on offer and a cool GameFi utility on the backend through its clicker game Slapometer (total slaps 4.8 million already).
(Source)
In the 72 hours since launch, CatSlap has already unlocked viral velocity, with the coin surging a jaw-dropping +4,475% following its stealth launch on Ethereum DEX markets to hit an initial all-time high around the $50M market cap.
(SLAPUSD)
Now trading within an alluring entry point at the $23M market cap, SLAP continues to pump on a second leg in an ascendant bullish channel.
Backed by major whale buys, and with technical structure holding confidently, SLAP appears to be on the precipice of a skyrocket move to the $100M mark over the next 24 hours.
Juicy 7 ETH buy. Whales are here for the $SLAPhttps://t.co/GtbR824eFm pic.twitter.com/xxO4zTBPwL
— CatSlap (@CatSlapToken) November 24, 2024
So far, Catslap has outperformed Popcat and MEW’s early launch days, helped, for sure, by the growing hype surrounding the project’s major announcement in 11 days.
As analysts call for SLAP to kill off rival cat coin MICHI at #5 in the cat meme coin sector, it’s worth taking note of the age-old saying ‘Time in the market, not timing the market’, and that is probably the way to go with Catslap with the prospect of a 10x move from here very real amid the viral hype and potential of the cat coin sector. This way, you can ensure that you are well-positioned for an even bigger price explosion, with possible 100x gains post-announcement.
Furthermore, Catslap’s smart contract is audited by SolidProof and no serious issues have been found, so there’s no need to worry about rug pulls. It has also received a DexTools score of 99/99 for reliability.
Visit Catslap Token website here
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