{"id":73365,"date":"2023-02-01T10:07:39","date_gmt":"2023-02-01T08:07:39","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=73365"},"modified":"2025-09-09T13:46:11","modified_gmt":"2025-09-09T10:46:11","slug":"decentraland-and-the-sandbox-tokens-post-sharp-january-gains","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/decentraland-and-the-sandbox-tokens-post-sharp-january-gains\/","title":{"rendered":"Decentraland and The Sandbox tokens post sharp January gains"},"content":{"rendered":"

In the last 30 days, the prices of the GameFi metaverse tokens Decentraland (MANA) and The Sandbox (SAND) have posted notable gains after the slump in November\u2013December 2022.<\/p>\n

At the time of writing, MANA was trading at $0.73 after rising to a local high of $0.80. Over 30 days, the token rose 143%, according to CoinGecko<\/a>. The coin’s market cap stands at $1.34 billion.<\/p>\n

\"MANAUSDT_2023-02-01_09-53-11\"
Daily chart of MANA\/USDT on Binance. Data: TradingView<\/a>.<\/figcaption><\/figure>\n

Over 30 days, the SAND token rose 83.9% \u2014 from $0.30 at the start of January to $0.70 as of February 1. The asset’s market cap stands at $1.14 billion.<\/p>\n

\"SANDUSDT_2023-02-01_10-00-50\"
Daily chart of SAND\/USDT on Binance. Data: TradingView<\/a>.<\/figcaption><\/figure>\n

Growth in GameFi metaverse tokens is part of a broader January rally in the crypto market. In the first half of the month, Bitcoin surpassed<\/a> $18,000, and by the end neared<\/a> $24,000. As of writing, the leading cryptocurrency was trading above $23,000.<\/p>\n

\"BTCUSD_2023-02-01_09-55-12\"
Hourly chart of BTC\/USD on Binance. Data: TradingView<\/a>.<\/figcaption><\/figure>\n

Analyst Stephen Zheng of The Block Research noted<\/a> that lately the market had been very optimistic due to the revival in Bitcoin and Ethereum.<\/p>\n

\n

\u201cTypically, when [leading assets by market capitalization] lead for a long period, traders begin looking for new trading opportunities,\u201d he explained.<\/p>\n<\/blockquote>\n

Earlier, analysts at Glassnode noted that Bitcoin recovered from<\/a> the consequences of the FTX collapse<\/a>.<\/p>\n

In turn, LookIntoBitcoin experts suggested that Bitcoin could enter the early stage of a bull market<\/a>.<\/p>\n

As reported in Blofin Academy they linked the pullback of digital gold<\/a> near $24,000 to a decline in risk appetite ahead of the Fed meeting \u0424\u0420\u0421<\/span>.<\/p>\n","protected":false},"excerpt":{"rendered":"

In the last 30 days, the prices of the GameFi metaverse tokens Decentraland (MANA) and The Sandbox (SAND) have posted notable gains after the slump in November\u2013December 2022.<\/p>\n","protected":false},"author":1,"featured_media":73366,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[2133,1353,2060],"class_list":["post-73365","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-decentraland-mana","tag-metaverses","tag-the-sandbox"],"aioseo_notices":[],"amp_enabled":true,"views":"21","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/73365","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=73365"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/73365\/revisions"}],"predecessor-version":[{"id":73367,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/73365\/revisions\/73367"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/73366"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=73365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=73365"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=73365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}