SAND, AXS, MANA Surge – Small-Cap Rally Lacks Real Strength
The resurgence of META is boosting the prices of SAND, AXS, and MANA, but underlying market fundamentals remain weak.
The crypto market has seen significant shifts in leadership since January 9. Recent data reveals that many small-cap cryptocurrencies are now taking the forefront while larger ones are experiencing consolidation, primarily thanks to the resurgence of the META theme.
Top Three Tokens
This month’s spotlight shines on three particular tokens: SAND, AXS, and MANA.
“Pocket Rally” Explained
According to Altcoin Vector, the latest market activity does not necessarily indicate a healthier market. Instead, it is described as a “pocket rally,” driven by speculative movements rather than underlying growth dynamics. These tokens are at the heart of this activity.
AXS, in particular, has gained momentum following recent tokenomic adjustments aimed at curbing inflation, which has renewed excitement in both the gaming and metaverse sectors. The current positioning shows that while AXS is gaining traction, other altcoin assets remain in an accumulation phase, with META assets entering scalp territory, showing divergence from overall trends.
When comparing SAND to AXS, the latter has outperformed, already showcasing a positive Impulse metric that reflects its recovery after a brief period of stagnation. This situation indicates that market players are beginning to appreciate Axie Infinity’s commitment to maintaining a sustainable ecosystem.
Risks Remain
Despite the upward trend, Altcoin Vector warns that velocity does not correlate with stability. Currently, small caps are leading due to fast-moving capital eager for quick returns, while foundational growth is still lacking. For a rally with longevity, both adoption levels and a return to dominance by Bitcoin (BTC) and Ethereum (ETH) are essential.
“Ride the META narrative, but proceed with caution. For a sustainable, long-term rally, growth must derive from infrastructure and broader adoption—this remains a speculative environment without a strong core.”
Current Pricing Trends
- AXS: $2.69 (224.4% increase in the last month)
- MANA: $0.169 (47% monthly increase)
- SAND: $0.157 (over 41% rise)
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