The Sandbox's SAND made the headlines by leading the buzz for gaming tokens, with gains of more than 340% in the last month. Another is GALA, with a similar rebound of 300% in November. These types of coins, including those in the metaverse realm like MANA from Decentraland and ILV from Illuvium, gained momentum following the renaming of Facebook (NASDAQ: FB) to Meta, suggesting that gaming tokens could be preceding a new one. altcoin season.
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An altcoin season is defined when most of the major altcoins outperform Bitcoin (BTC) for a given period. For example, Cointelegraph Markets Pro uses two weeks in its algorithm, and it currently issues a 40% reading in favor of altcoins. This means that altcoins have done better than BTC over the two week period.
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