- The global cryptocurrency market capitalization has increased by 0.35% to $1.05 trillion.
- Five metaverse altcoins, including SAND and MANA, show potential for value appreciation.
- Despite market volatility, RNDR has experienced a 171% growth over the past year.
As the worldwide digital currency market progressively recovers from its slump, numerous cryptocurrencies are gaining momentum. Over the last 24 hours, there has been a 0.35% uptick in the global cryptocurrency market capitalization, bringing it to $1.05 trillion, per CoinMarketCap data. Additionally, trading volume experienced a significant surge of 7.98% within the same timeframe.
In light of the market’s bearish trajectory last month, crypto traders and investors are scouting for trading prospects this September to mitigate the market downturn’s impact on their portfolios.
Five have demonstrated significant potential for substantial value appreciation this September in the realm of metaverse altcoins. These include The Sandbox
The Sandbox (SAND)
The Sandbox’s proprietary cryptocurrency, SAND, has seen a slight increase of 0.54% in the last 24 hours, according to data from CoinMarketCap. This comes after a week of bearish activity for the token. Additionally, trading volume for SAND has experienced a modest surge, with a 1.54% rise recorded in the past day.
Decentraland (MANA)
Despite the volatility in the market, MANA was able to maintain its performance until the market correction that commenced on August 17th. This correction triggered a significant drop in its value, a time frame that coincided with substantial losses for other major cryptocurrencies.
On August 29th, the digital asset experienced a surge, reaching a peak of $0.31, and sustained an upward trajectory until a slight dip two days later. As of the latest update, the cryptocurrency is valued at $0.2933, marking a modest 24-hour growth of 0.27%.
Render (RNDR)
The recent market correction in August impacted the entire cryptocurrency landscape, including RNDR. Before this correction, the token was on an upward trajectory. As of the latest update, RNDR is trading at $1.37, marking a 1.85% rise over the last 24 hours.
Additionally, the token witnessed a surge of 26% in its trading volume, positioning it as one of the top-performing tokens on the roster. Despite this, its current valuation is significantly lower than its all-time high of $7.4. However, a glance at the annual price trend chart reveals that RNDR has experienced a substantial growth of 171% over the past year.
Axie Infinity (AXS)
AXS began its resurgence into positive territory earlier today, following a period of bearish price activity since the end of the previous month. This downturn was preceded by a short-lived bullish phase that propelled the token’s value to exceed $5 each.
Currently, the token is trading at a value of $4.52, reflecting a 1.29% increase over the last 24 hours.
Enijin Coin (ENJ)
The current market climate has negatively impacted the price of ENJ. Following a modest bullish trend in early August, the token experienced a steep price drop. Regardless of the market’s volatility, the token has substantially surged in the last week.
The token is currently trading at $0.2338 as of the latest update. This represents a 0.94% uptick over the last 24 hours. In addition, the token has seen a 0.34% surge in its trading volume during the same timeframe.
Disclaimer: The insights, perspectives, and data presented in this price analysis are published in good faith. Readers must conduct their own research due diligence. Any decision made by the reader is solely their responsibility, and Crypto Outlooks shall not be held responsible for any consequential or incidental harm or loss.
