Crypto Market Update: 25th November

in hive-116221 •  10 months ago 

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Crypto Market Update: 25th November


A curated mid-week summary of forward-focused crypto news that matters. Today, large-cap assets like Bitcoin and Ethereum track sideways as macro events impact sentiment, while Metaverse momentum drives up related alt-coin markets. 

Altcoin Watch

While much of the altcoin market has consolidated in the last week, some tokens have exploded in value and have even hit new all-time highs.

Metaverse centric tokens Decentraland (MANA), The Sandbox (SAND), and Enjin (ENJ) are up ~47%, ~90%, and 47% respectively. The blockchain gaming space has exploded on the back of announcements like The Sandbox's tie-up with fashion and sports giant Adidas.

There is set to be an Adidas originals space within the Sandbox virtual reality world. Both companies announced the partnership on Twitter to great fanfare. There are also Sandbox spaces for other brands like Atari and the Walking Dead.

Curve (CRV) is up ~48% so far this week. The native token of the 2nd largest DeFi protocol by AUM continues to surge as more CRV gets locked by yield farmers. Payouts for CRV holders are presently much higher than comparable governance tokens like COMP and Aave.

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