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Following the recent DeFi market surge, Metaverse games like The Sandbox and Decentraland have seen significant comebacks. Both have started to rebuild their audiences and could see strong returns by the end of Q1.
At the same time, a hot new presale is also gaining traction. This project has already hit a major milestone and is on track to increase in price by the end of next week.
Decentraland is becoming one of the most popular virtual worlds in the DeFi space. Its latest upgrades, as well as its focus on collectibles and overall user experience, have helped Decentraland rebuild its player base, which declined following the 2021 bear market.
According to crypto experts, Decentraland's MANA token could hit $1.31 in 2024. This is a significant jump from its current price of $0.49 and is expected to be fueled by virtual events and online partnerships formed this year.
Historically, Decentraland has been used to hold several global events, including the Metaverse Fashion Week. These events showcase over 60 real-world brands and help bridge the divide between DeFi and real-world businesses. As Decentraland continues to scale these events, experts believe the project could attract over 1 million monthly users.
KangaMoon (KANG) has made headlines over the last week with its unique approach to P2E gaming. Instead of solely focusing on the gaming element, KangaMoon also offers social-fi rewards.
These rewards are designed to help KangaMoon create a thriving and highly interactive ecosystem, where gamers, DeFi enthusiasts, and veteran investors can network and build connections.
Within this ecosystem, users will have the opportunity to win rewards in weekly, monthly, and quarterly challenges. They can also earn KANG tokens during the KangaMoon presale by actively promoting the project.
The KangaMoon game will let players battle characters for rewards, customize their characters, and trade rewards in the KangaMoon marketplace.
KangaMoon recently hit a milestone of reaching over $250,000 in stage 1 of its presale. This achievement shows there's demand for KangaMoons social-fi applications and has created a bullish sentiment around the project's presale.
On February 17, 205.59 SAND tokens will be unlocked. These tokens have an estimated worth of $100 million and could significantly impact The Sandbox ecosystem. They will represent 10% of The Sandbox's total token supply, and after their release, the total number of SAND tokens in circulation should reach 90%.
Ahead of this token unlock event, The Sandbox has decreased by 4.2% in the last 24 hours. The Sandbox is now trading at $0.4891 and has a market cap of $1 billion.
Much like Decentraland, The Sandbox is also gaining traction following its crash during the latest bear run. However, The Sandbox needs to implement new features over the next year to solidify its user base and remain competitive in the P2E space.
With its presale already gaining significant traction, experts believe that KangaMoon will offer higher returns than The Sandbox and Decentraland. Furthermore, with KANG tokens selling at just $0.005, investors can easily buy more tokens to maximize returns without needing to risk a large amount of funds.
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