As the global cryptocurrency market gradually edges away from its downturn, several cryptocurrencies have picked up pace. In the past 24 hours, the global cryptocurrency market cap has seen an increase of 0.35% to sit at $1.05 trillion, according to data from CoinMarketCap. Furthermore, the trade volume also saw a 7.98% increase in the same period.
Following the bearish performance of the market last month, traders and investors are looking out for trade opportunities this September to soften their losses from the market crash.
Five metaverse altcoins that have shown the potential to explode in value this September are The Sandbox (SAND), Decentraland (MANA), Render (RNDR), Axie Infinity (AXS), and Enijin Coin (ENJ).
The Sandbox (SAND)
SAND is the native token of the popular metaverse and online gaming platform The Sandbox. Data from CoinMarketCap shows that the token has added a 0.54% gain in the last 24 hours, following a bearish trend over the past week. The token also saw an uptick in its trade volume, registering a 1.54% increase in the past 24 hours.
Despite turbulent market conditions, MANA managed to wing its performance till the market correction that started on August 17th. That caused a steep decline in its price, a period during which major cryptocurrencies also recorded heavy losses.
On August 29, the token rose again to a high of $0.31 and maintained a positive performance before it slipped two days later. At the time of press, the token’s price sits at $0.2933, a 0.27% increase in the past 24 hours.
Along with the entire cryptocurrency market, RNDR was also affected by the market correction in August. Before the downturn, the token’s price had been trending upward. At the time of press, the token’s price sits at $1.37, a 1.85% increase in the past 24 hours.
Furthermore, the token recorded a 26% increase in trade volume, making it one of the best-performing tokens on this list. However, the current price is a far shot from its $7.4 all-time high price. Nonetheless, the yearly price data chart shows RNDR has seen a 171% in the past year.
Axie Infinity (AXS)
AXS started its climb back into the green zone earlier today. The token had suffered a bearish price performance since the end of last month. However, this decline came following a brief bullish run that pushed the price to over $5 apiece.
At present, the token is exchanging hands at $4.52, representing a 1.29% gain in the past 24 hours.
Enijin Coin (ENJ)
The prevailing market condition took a hit on ENJ’s price. After a moderate positive run in early August, the token succumbed and recorded a sharp decline in its price. Despite volatile market conditions, the token has experienced a significant uptick in the past 7 days.
At the time of press, the token’s price sits at $0.2338. The current price is the result of a 0.94% gain in the past 24 hours. Furthermore, the token also registered a 0.34% increase in its trade volume within the same period.
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