Metaverse tokens show big gains in January with sector expected to reach $5 trillion value by 2030

After spending a considerable portion of 2022 in the doldrums, a number of tokens in the metaverse sector have seen considerable gains over the last several weeks, with 18 of the top 20 tokens in the sector seeing gains of up +319%, over the last 30 days.

Timeline of Axie-infinity, Internet-computer, Decentraland, The-sandbox

On 2 February, Axie Infinity's [AXS] engine, the Ronin network, confirmed that users of the Play-to-Earn project could access loans directly in their wallet. According to the announcement, the feature was made available after the network's collaboration with MetaLend.

Despite operating losses in 2022 for the Reality Labs business, Meta Inc (NASDAQ: META) CEO Mark Zuckerberg reassured that the company is sticking to its long-term goals for Metaverse, leading to a surge in the prices of associated tokens. What Happened In the last 24 hours, Decentraland (CRYPTO: MANA) rose by 6.40% trading at $0.80.

Key Points: The Ghanaian and Nigerian central banks have encouraged financial innovators to apply for inclusion in their respective regulatory sandboxes. The Bank of Ghana stated that its sandbox will also foster innovations aimed at addressing the issue of financial exclusion.

If you bought Decentraland's MANA in December or earlier this month, then good for you. It has so far delivered an impressive performance until recently when it faced resistance at a key level.

The Ghanaian and Nigerian central banks have invited financial innovators that wish to be included in their respective regulatory sandboxes to submit applications. The Bank of Ghana said its sandbox will also support innovations that attempt to solve the financial exclusion challenge.

A crypto gaming altcoin is following Axie Infinity (AXS) on a parabolic surge of its own, more than doubling in value this month. Ronin (RON), the Ethereum (ETH)-linked sidechain designed specifically for the Axie Infinity ecosystem, soared in price this month from $0.26 at the start of the year to $0.

Though Axie Infinity Shards (AXS), the cryptocurrency that powers one of web3's leading play-to-earn crypto games Axie Infinity, has now pulled back by close to 20% from the highs it hit above $14 per token just a few days ago, the cryptocurrency is still up around 90% this month.

The Axie Infinity price prediction may never be as bullish as it has been in recent years after the platform's recent problems. Investors have lost confidence in the project, and the game is attracting fewer and fewer players by the month.

Axie Infinity [AXS] noted gains of 138% from the swing low to the swing high of January until press time. The token's performance meant that sentiment in the bulls' camp was euphoric.

In 2021, conversations held around the metaverse and virtual reality were at their peak, even in the cryptocurrency space. This heightened talk was one reason why tokens like Decentraland [MANA] and The Sandbox [SAND] reached considerable All-Time Highs (ATH).