Bitcoin's (BTC) recent foray dorsum below $56,000 sparked a wide-ranging sell-off across the cryptocurrency ecosystem and talks of the price hitting $100,000 by the terminate of the year quickly morphed into concerns about an impending acquit market that could thrust prices into the doldrums for a year or longer.

While there appeared to be accented carnage in the markets judging past peoples' reaction to the BTC pullback, non all tokens were negatively impacted and gaming tokens focused on the emerging Metaverse take managed to stay in the green.

Data from Cointelegraph Markets Pro and TradingView shows that while the price of Bitcoin dropped below $57,000, the price of Metaverse tokens climbed college, including a 160% gain for Gala (GALA), a 78% rally for WAX (WAXP), a 62% breakout for The Sandbox (SAND) and 45% for Decentraland (MANA).

BTC/USDT vs. GALA/USDT vs. WAXP/USDT vs SAND/USDT vs. MANA/USDT four-hr chart. Source: TradingView

The past couple of months has seen a growing focus on "the dawn of the Metaverse" as all manner of gaming protocols, nonfungible token (NFT) collections and projects focused on designing the landscape to the growing virtual world have seen a spike in involvement after Facebook announced that it was rebranding its parent company to "Meta."

NFTs pave the road to mass adoption

The skyrocketing popularity of Metaverse-focused projects is, in large office, thanks to its adoption by popular culture and well-known celebrities who have discovered the potential that exists within decentralized finance (DeFi) and NFT technology.

From Post Malone purchasing Bored Ape Yacht Order (BAYC) NFTs that were featured in the music video "1 Correct Now," to globally recognized brands similar Gucci and Coca-Cola launching their own lines of branded NFT merchandise to engage with customers, the road to mass adoption is paving a route through the Metaverse.

Every bit a result, projects that deal with the growing field of virtual real estate such as The Sandbox and Decentraland have seen significant growth in both token toll and the number of users interacting with their protocols over the past month.

The Sandbox users statistics. Source: DappRadar

VORTECS™ data from Cointelegraph Markets Pro began to observe a bullish outlook for SAND on Nov. 17, prior to the recent cost rise.

The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparing of historical and current marketplace conditions derived from a combination of data points including marketplace sentiment, trading volume, recent cost movements and Twitter activity.

VORTECS™ Score (greenish) vs. SAND cost. Source: Cointelegraph Markets Pro

Equally seen in the chart higher up, the VORTECS™ Score for SAND climbed into the green zone on Nov. 17 and reached a high of 79 around 3 hours before the cost increased 48.5% over the next two days.

Related: $400M funding round to help Gemini build in the decentralized metaverse

Digital collectibles are on the rise

The rise of the metaverse and digital collectibles has come at an interesting intersection in the evolution of our global guild, peculiarly considering that issues related to environmental sustainability and global supply chains take increasingly come into focus.

Crafting things in the digital world actually solves many of the bug currently facing humanity because there is no need for physical inputs to craft the concluding products, nor is there the need for a vast organization of shipping when the items are digital and tin can be transferred via the internet.

Rather than vast production lines creating the latest collector's cards or action figures from pop sports, games or movies, protocols like WAX (Worldwide Asset exchange) offer digital versions of the same items that can easily be stored in personal digital wallets or transferred around for little to no cost.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for WAX on November. 2, prior to the recent price rising.

VORTECS™ Score (light-green) vs. WAX price. Source: Cointelegraph Markets Pro

Every bit seen in the nautical chart above, the VORTECS™ Score for WAX climbed into the green zone on Nov. ii and reached a high of 74 around 24 hours before the price began to increase past 154% over the next two weeks.

While the short term outlook for Bitcoin and the wider cryptocurrency market remains uncertain and half the crowd is worried about the start of a crypto winter. The more experienced traders view the dip as only another opportunity to buy the dip and the trajectory of the Metaverse continues upward as projects focused on laying the foundation for the future of commerce and socialization are likely to be the most profitable investments over time.

The views and opinions expressed hither are solely those of the author and do non necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a conclusion.