On November 24, 2024, according to HTX market information, tokens for chain games and metaverse projects generally rose in the past 24 hours, with The Sandbox (SAND) showing a particularly notable increase of 36.2%, currently quoted at $0.5165. Other tokens such as Decentraland (MANA), Gala Games (GALA), and Axie Infinity (AXS) also experienced varying degrees of increase.

Market Analysis

  1. SAND Strongly Rises

    • The Sandbox (SAND) is a blockchain-based virtual world platform where users can create, share, and trade virtual assets. This price increase is mainly due to the market's continued attention and enthusiasm for the metaverse concept.

    • Recently, Qualcomm announced the establishment of a $100 million metaverse fund, further driving market interest in metaverse projects. As a leading project in this field, SAND naturally benefits significantly.

  2. MANA Performs Steadily

    • Decentraland (MANA) is another well-known metaverse platform where users can purchase virtual land, create content, and engage in interactive experiences. In the past 24 hours, MANA's increase reached 27.2%, currently quoted at $0.5897.

    • MANA's price increase reflects the market's recognition of its platform functionality and community activity.

  3. GALA and AXS Also Show Remarkable Performance

    • Gala Games (GALA) is a blockchain platform focused on gaming, with a 23% increase in the past 24 hours, currently quoted at $0.03743.

    • Axie Infinity (AXS) is an Ethereum-based blockchain game where players can earn tokens by collecting, breeding, and battling. AXS's increase in the past 24 hours was 16.1%, currently quoted at $7.48.

Market Sentiment and Fundamentals

  1. Market Sentiment

    • Tokens for chain games and metaverse projects have generally risen, reflecting the market's sustained optimism in these areas. Recently, the metaverse concept has received widespread attention globally, with major tech companies and investors entering the field, driving the rise of related tokens.

    • Positive information about the metaverse and chain games also frequently appears in social media and news reports, further boosting market confidence.

  2. Changes in Fundamentals

    • The metaverse fund established by Qualcomm not only injects capital into the market but also brings more technological innovations and application scenarios. This provides a solid foundation for the development of metaverse projects.

    • Major platforms are also continuously optimizing user experience and adding features, attracting more users and developers to join, forming a virtuous cycle.

Investment Suggestions

  1. Focus on Leading Projects

    • For investors, leading projects like SAND, MANA, GALA, and AXS are worth paying close attention to. These projects have high community activity, strong technological innovation capabilities, and great future growth potential.

    • It is recommended that investors make reasonable allocations based on a thorough understanding of the project background and market dynamics.

  2. Risk Management

    • Although the market outlook is optimistic, the price fluctuations of chain game and metaverse tokens are significant. It is advisable for investors to set reasonable stop-loss points to avoid major losses due to short-term fluctuations.

    • Buying and selling in batches is also an effective strategy to reduce risk, helping investors better cope with market volatility.

Conclusion

The general rise in tokens for chain games and metaverse projects, especially the significant increase of The Sandbox (SAND), reflects the market's continued optimism in these areas. Investors should remain rational, focus on changes in project fundamentals and technical aspects, while managing risks to seize future investment opportunities.