- Metaverse coins peeled off tier-1 cryptos with ease.
- The market capitalization is $148.5 billion.
While the crypto-verse is undergoing a revolution, the market looks to be swimming with the current. DeFi tokens, NFT games, and Meme tokens, on the other hand, witnessed significant rises. The most recent gaming invention may make its way into the Metaverse. The whole crypto market value fell by almost 5% to $2.60 trillion early Tuesday. Bitcoin, Ethereum, and Solana dropped 9.05 percent, 10.47 percent, and 7.33 percent, respectively.
Intriguingly, Metaverse coins peeled off tier-1 cryptos with ease. Notably, The Sandbox (SAND) price has reached a new ATH of $3.61, up 26.30 percent in 24 hours. However, after a brief retest of roughly $2.85, Decentraland (MANA) jumped to $3.52, netting almost 8% daily gains.
However, the Avalanche ecosystem intends to investigate further Metaverse initiatives. The protocol then rose to $94.84 with a 51.41 percent increase in trading volume. Others like CEEK VR, Bloktopia, POLC and CUBE have had 2544, 1642, 1285 and 753% gains in the last 30 days.
Virtualization Journey
The current influx of gaming tokens into the Metaverse has begun the virtualization journey. EllioTrades, a crypto expert, believes Metaverse will change crypto. The current spike of related techniques is only the beginning, he warned.
We are literally about to be living inside our computers
— EllioTrades (@elliotrades) November 16, 2021
Short term price action is just noise
The destination is clear
Although the Metaverse is making headway in reversing Tuesday’s devastating market catastrophe, it looks like Future technology is knocking on the door. At the moment, the market capitalization is $148.5 billion. Conventional information technology organizations, on the other hand, begin operations before Meta reaches exponential growth.
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