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Metaverse token explosion: Dramatic price spikes for ZIL, APE, SAND and MANA

By Darius McQuaid

Edited by Charlie Mellor

15:29, 9 January 2023

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In this article:
0.02746 USD
0.00054 +2.040%
Lions Gate Entertainment Corp.
8.01 USD
0.23 +2.980%

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A smartphone displays the Zilliqa name and logo
Zilliqa was the metaverse token with the biggest gains earlier – Photo: Alamy

The ability to smell has been showcased as another experience that can be added to the metaverse, which has resulted in metaverse tokens seeing an increase in price.

As of 11:55 GMT on 9 January, zilliqa (ZIL) was trading at $0.02569, up 45.77% compared with the price of ZIL the previous day, according to CoinMarketCap.

Around roughly the same time, apecoin (APE) was trading at $4.67, up 11.65%, sandbox (SAND) was trading at $0.5189, up 14.34% and decentraland (MANA) was trading at $0.3995, up 13.26%, all compared with their prices the previous day.

OVR Technology, based in Vermont, USA, let people who attended the four-day Consumer Events Show (CES) in Las Vegas that ended on 8 January see its virtual reality headset containing a cartridge with eight primary aromas that can be combined to create different scents, Fortune reported.



ZIL has previously in 2022 partnered with esports brands and gaming companies to become their official blockchain partner, where they provided Web 3.0-powered solutions, such as tokenisation, non-fungible tokens (NFTs) and metaverse activations into the esports and gaming brands.

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APE released in 2022 its Otherside metaverse, with the announcement of its release resulting in APE increasing in price.

The demo of Otherside was released in July 2022.


1,586.32 Price
+1.690% 1D Chg, %
Long position overnight fee -0.0500%
Short position overnight fee 0.0140%
Overnight fee time 22:00 (UTC)
Spread 5.00


0.09 Price
+9.850% 1D Chg, %
Long position overnight fee -0.0500%
Short position overnight fee 0.0140%
Overnight fee time 22:00 (UTC)
Spread 0.0012000


23,115.80 Price
+1.530% 1D Chg, %
Long position overnight fee -0.0500%
Short position overnight fee 0.0140%
Overnight fee time 22:00 (UTC)
Spread 60.00


0.00 Price
+5.280% 1D Chg, %
Long position overnight fee -0.0500%
Short position overnight fee -0.0500%
Overnight fee time 22:00 (UTC)
Spread 0.00000711


The Sandbox has seen numerous well-known names and brands enter its metaverse.

Rapper Snoop Dogg (real name Calvin Cordozar Broadus Jr) released a track produced in The Sandbox metaverse called House I Built, which featured on his album BODR, released on 11 February 2022. The rapper appears as a voxel avatar in the song’s music video.

According to Billboard, Snoop Dogg said at the time: “The House I Built track draws a parallel between how I’ve constructed my life and career and how I’m building out my Snoopverse virtual world in The Sandbox. Whether in the metaverse or the universe, it’s about keeping it real, being yourself and making the most of every opportunity.”

Lionsgate (LGF), the NYSE-listed entertainment company, has also developed land in The Sandbox metaverse.


MANA is seen as one of the biggest players in the metaverse. Its entire metaverse is divided into 90,601 individual parcels of LAND.

Holders of the MANA token have a say on how the decentraland world behaves.


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The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
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