Metaverse Tokens Price Analysis: Decentraland (MANA) & Sandbox (SAND) Continue Losing Streak

Decentraland (MANA) price has broken down below the $0.75 horizontal support area and could continue decreasing towards $0.49. Sandbox (SAND) has fallen to a new yearly low and shows no signs of a potential reversal.

Timeline of Decentraland, The-sandbox

Crypto analytics firm Santiment says that virtual reality blockchain Decentraland (MANA) is quietly flashing an on-chain signal that has previously foreshadowed exponential rallies for the altcoin. According to Santiment, MANA's profit/loss ratio, which compares the amount of coins sitting at a loss to those at a profit, is sitting at three-year lows.

Having spent the past nine months seeing a decline in its price, the ratio of daily on-chain transaction volume in profit to a loss for Decentraland [MANA] is at its lowest level in three years, new data from Santiment revealed.

Analysts predict that Moshnake (MSH) will have a similar impact on the coin market as GameFi giants, Decentraland (MANA) and Smooth Love Potion (SLP). The “cryptoverse” is the blockchain universe that comprises cryptocurrencies, smart contracts, NFTS, and the decentralized exchanges created to interact with them.

DappRadar only tracks users directly interacting with blockchain, a new blog post explains. For example, Axie Infinity's daily user count is over 100,000, but DappRadar measures it only at 20,000.

Mark Twain memorably advised, “Buy land – they're not making it anymore.” What Twain never imagined was that in little over a hundred years, we'd find a way around that minor inconvenience. Welcome to a Web 3.0 world, where new land is minted every day in the metaverse.

Decentraland (MANA) price is showing bullish signs in the weekly time frame, but the daily chart suggests more downside is likely prior to a reversal. Meanwhile, The Sandbox (SAND) has a bearish outlook in both long- and short-term time frames The post Metaverse: Decentraland (MANA) and Sandbox (SAND) Price Face Immediate Trouble appeared first on BeInCrypto.

Ethereum-based metaverse platforms Decentraland and Sandbox have responded to claims made by users on Twitter regarding the daily active users (DAU) on the platforms.  30 DAU with billions in valuation?

We are nearing an era that's driven by augmented and virtual reality. One of the preparations investors make to ride the upcoming tide is piling on NFT projects with high potential to become Metaverse superstars.

There seems to be disagreement over how many active users Decentraland, the Ethereum-based, community-developed metaverse project has. On the one hand, DappRadar presents a measly sum of 23 active users (as of 11am, Monday October 10), with 516 counted over the past 30 days.

While metaverse platforms Decentraland and The Sandbox both have below 1,000 daily active users, they each have over $1 billion in valuation. So who's actually using the metaverse right now?