The crypto market rallied in recent weeks, with Bitcoin (BTC) reaching an all-time high of $98,000 before dipping to $92,000; currently trading around $94,000. Large-cap tokens like Cardano (ADA), XRP, and Stellar (XLM) also saw gains, but low-cap altcoins, particularly those linked to the metaverse, stole the show. Kaia (KAIA), Decentraland (MANA), The Sandbox (SAND), EigenLayer (EIGEN), and ZKsync (ZK) are primed for substantial growth.
SAND and MANA linked to Metaverse have seen exponential growth. According to CoinMarketCap, SAND is positioned at the 69th rank and trading at $0.6037, whereas MANA is at 86th position and priced at $0.5938. Just last month, SAND surged by 137.48% while MANA spiked by 96.98%. This rally reflects renewed interest in the metaverse, driven by the potential for AI integration.
Recently, Decentraland launched an upgraded desktop client, attracting users to the protocol while hosting a 2-day music festival. On the other hand, The Sandbox saw the debut of the “Attack on Titan” survival game, targeting global anime fans. While only 25% of SAND holders are currently in profit, the rising demand for metaverse protocols might push the tokens price higher.
KAIA and EIGEN also Show Bullish Potential
KAIA is expected to hit a bull run shortly. At the time of writing, the altcoin is trading at $0.1886, up 3% in 24 hours. Ranked 90th on CoinMarketCap, KAIA surged 51.64% in the past month. The protocol was formed due to a merger between Klaytn and Finschia, the creators of Kakao and LINE, respectively.
On Wednesday, KAIA, claiming to be Asias largest Web3 ecosystem, announced via X, that mini Dapps would be available on LINE. It stated that by early December 2024, it would launch the Dapp Portal SDK and by the end of January 2025, the mini Dapp on LINE Official would be launched. Interestingly, the altcoin made a new all-time high at $0.2107 on November 25th, after being listed on HashKey Exchange.
EIGEN, the native token of Ethereum restaking protocol EigenLayer, has also witnessed an upside potential. The blockchain network recently shared the “big picture” while announcing EigenGov, EigenLayer‘s governance platform. This spiked the token’s price by 5.66% and traded at $3.82. Over a span of seven days, the token skyrocketed by 67.43%.
The EigenGov platform will provide substantial governance power to EIGEN token holders and to members involved in the protocol. As decentralization expands, more users are expected to join.
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