Bitcoin’s rise above $50,000 again brought the expected relief in altcoins. Altcoins that were premium over 10% yesterday are still far from their peaks. It may take a little more time for a real rise and for the patience of the investors inside to reap the benefits.
At this point, when we look at the rises experienced yesterday, we observed that the rises in Metaverse-focused coins are much faster and more effective.
After the rally after Facebook changed its name to Meta, many Metaverse coins were away from their peak and went to rest. With the first green light coming from Bitcoin, the prominence of these projects also signals that the trend can continue.
When we look at the details, we observe that MANA, AXS and SAND are the most valuable metaverse-oriented cryptocurrencies in terms of market value. While the jumps in these cryptocurrencies reach 20%, we see that the green color is dominant in the metaverse table.
We saw that the Metaverse projects BLOK, CEEK and RACA, which Turkish investors are very interested in, also kept up with yesterday’s rises and displayed good rises.
When we look at the changes in the last 7 days:
60% of RACA,
55% of CEEK,
We observe that the BLOK’ has increased by 15%.
When we look at the current prices after the decline from their peak,
70% of RACA’s peak despite recent rise,
50% from the top of CEEK,
We see that the BLOCK is 60% below its peak.
Experts recommend that those who want to make a new entry should wait for the prices and indicators to cool down instead of buying at these prices and evaluate accordingly.
*Not Investment Advice.