During the first month of 2023, the top two leading cryptocurrencies, bitcoin and ethereum, saw double-digit gains against the US dollar. Meanwhile, several altcoins saw even larger increases in value, with metaverse tokens like Decentraland’s MANA and The Sandbox’s SAND rising 92-150% against the dollar.

Metaverse Crypto Assets Dwarf Bitcoin and Ethereum

Metaverse crypto assets have surpassed both bitcoin (BTC) and ethereum (ETH), the leading crypto asset and top smart contract token, respectively. In the past month, Decentraland’s MANA token has been its best performer, up 150% against the US dollar. In the last two weeks, MANA is up 7.3% and in the last seven days it is up 2.9%. On January 31, 2023, a single MANA was…