According to eToro, Shiba and MANA experienced their most significant increase in long-term holders. The crypto exchange firm further stated that compared to the 3rd quarter of 2021, SHIB and MANA had 269 percent and 437 percent, respectively.
In the last 12 months, there’s been a significant rise in the activities of the Decentraland and Shiba Inu tokens on eToro. The exchange has attributed this growth to an increasing interest in the Metaverse.
According to reports on October 7, eToro said SHIB and MANA registered a significant year-after-year increase in long-term holders in their quarter of 2022.
Enjin (ENJ), Polygon (MATIC), and Basic Attention Token (BAT), which had rises of 229%, 107%, and 107%, respectively, were other significant long-term investor gains on the eToro network.
What Caused The Surge
Simon Peters, an eToro crypto researcher, stated that the ascent of MANA indicates that amid the bearish trend, the Metaverse has emerged as an essential topic in the cryptocurrency industry this year.
Although the popular SHIB is principally a meme coin, the dog coin found a novel utility in May 2022 when holders were allowed to employ the coin to buy property in the Shiba metaverse.
The coin is also featured in a soon-to-be-released mobile NFT game named the Shiba Eternity. The creators plan to make the game accessible on Google Play Store and Apple App Store and will also be functional with Shiboshi NFTs.
Amid the increase in hodlers of the Metaverse-connected cryptos, eToro announced that for the past 12 months, the top spot occupiers on the exchange platform are still the same.
How Are This Token Faring On The Exchange
MANA is in 10th position, while SHIB is 6th. BTC (Bitcoin), ADA (Cardano), and Ethereum (ETH) are the top three on the platform.
Even while the Decentraland catalytic nodes monitor on GitHub indicates that there are only 467 users online, members of the cryptocurrency society on Twitter notice that there were approximately 500 users online yesterday.
As of October 6, according to data from DCL Analytics, there were 7,871 distinct visits to Decentraland, which is the largest this October. The co-founder of Decentraland, Ari Meilich, estimated 18,000 active visitors back in December 2021; thus, this number is insignificant.
According to CoinGecko, MANA is presently the 46th largest cryptocurrency asset in market capitalization, and its price has dropped 88.1 percent to $0.69 from its all-time peak of $5.85 on November 25, 2021. Between the 6th and 7th of October 7, 2022, over $115 million worth of MANA transactions occurred.