Bitcoin spent the past several days consolidating above the $60,000 level, but strength across the broader crypto market shifted toward alternative assets, especially metaverse-related tokens. Over the last seven days, Sandbox (SAND) climbed 175.3%, Decentraland (MANA) rose 172.9%, and Loopring (LRC) advanced 169.4%, making them some of the strongest performers in the market.
Bitcoin Stalls While Altcoins Take the Lead
Among the largest digital assets, bitcoin (BTC) gained just 0.5% over the week, reflecting relatively muted price action. Other major cryptocurrencies delivered stronger returns. Binance Coin (BNB), the third-largest crypto asset by market capitalization, increased 24.1% to around $610. Solana (SOL) added 20.9% to trade near $235, while Polkadot (DOT) rose 21.9% to about $51.29.
The standout move, however, came from the metaverse segment. SAND ranked 78th in the broader crypto economy and posted a year-to-date gain of 8,039%. MANA surged 3,931% over the prior 12 months, while LRC gained 1,025% during the same period. The numbers suggest investor appetite expanded beyond bitcoin into higher-growth themes.
More Tokens Post Double-Digit Weekly Gains
The rally was not limited to three tokens. Crypto.com Coin gained 78.6%, Arweave rose 66.2%, and Kadena climbed 64.4% during the week. Other assets that recorded double-digit advances included Holo, Chiliz, Basic Attention Token, AMP, NEM, OMG Network, Enjin Coin, and Wonderland.
This broad participation points to a market environment where capital rotated across multiple sectors rather than remaining concentrated in a few large-cap names. Metaverse, infrastructure, and ecosystem-related assets appeared to attract notable momentum.
Total Market Value Approaches $3 Trillion
As of Friday, November 5, the combined market capitalization of more than 10,000 cryptocurrencies stood at approximately $2.835 trillion, moving closer to the $3 trillion threshold. Global trading volume reached $152.28 billion, with roughly $83 billion tied to stablecoin pairs. Tether (USDT) alone accounted for $71.9 billion of that stablecoin-linked volume, underscoring its central role in market liquidity.
Bitcoin’s market dominance was recorded at 40.6%, hovering just above the 40% mark, while Ethereum held 18.7%. The shift suggests that as the total crypto market expands, alternative assets are capturing a larger share of overall valuation.