- Top-tier digital assets see double-digit declines.
- Metaverse’s market value is now $51,324,502,982.
On Tuesday, a block of virtual property in Decentraland sold for a record $2.43 million in crypto, more than doubling the previous high of over $913,000. Some metaverses already accept cryptocurrency payments. Due to the usage of crypto, all virtual transactions are both spontaneous and safe.
The market is increasingly slipping towards metaverse-related initiatives. In contrast, top-tier digital assets see double-digit declines. Geeks from the metaverse community consistently buy dips for larger up-cycle returns.
Despite the lacklustre crypto market, the burgeoning business has recently accelerated. The burgeoning sector has spurred NFTs and industry-related initiatives. However, the market charts currently show red signs. Metaverse’s market value is now $51,324,502,982, up 0.81 percent. 30.49 percent reduced trade volume at $21,476,163,938.
Decentraland (MANA)
MANA is now trading at $4.38, an 11.6 percent drop, according to CoinMarketCap. The digital asset’s market cap is $7,994,309,751. Last 24 hours trading volumes are $3,795,643,318. Over the last 24 hours, the coin has traded between $4.39 and $4.96. MANA had reached an ATH of $5.90 two days before.
The Sandbox (SAND)
SAND is now trading at $6.24, a 13.2 percent drop, according to CoinMarketCap. The digital coin’s market cap is about $5,555,287,680. Rather, the 24-hour transaction volume is $5,002,280,565. Since the previous day, SAND has moved between $6.32 and $7.45 The ATH was registered for $8.51 two days prior.
Enjin Coin (ENJ)
ENJ is now trading at $3.67, down 10.2%, according to CoinMarketCap. ENJ’s market cap is at $3,078,676,361. Moreover, the trading volume is $873,890,075. Similar to its competitors, it reached its ATH of $4.85 the two days before. Since the last day, it has been trading in the $3.60 to $4.08 zone.
