After Facebook ignited the Metaverse fuse, the activity in cryptocurrencies that produced projects in this area increased.
When we conveyed the Facebook news, we conveyed that this would open the door to good profitability on the crypto money front.
When we look at the most rising cryptocurrencies of the last two days, we observe that there is a hype in virtual world and VR themed projects.
The highest rising altcoin in the last 24 hours was Decentraland (MANA). When we look at the 30-day performance of mana, we observe that it offers a return of over 200%.
Barry Silbert, the founder of the biggest Bitcoin whale Grayscale, briefly shared about MANA.
“Would you like to purchase a land in the decentralized metaverse database?” Silbert asked, “Start here,” and shared Decentraland’s market link.
Want to buy some land in the decentralized metaverse (the one not owned by Facebook)? Start here:https://t.co/3cqSe488FO
— Barry Silbert (@BarrySilbert) October 30, 2021
Traded at $2.41 at the time of the news, MANA’s market cap reached $4.3 billion. When we look at the last 24-hour volume, we observe that there is a volume of over 10 billion dollars.
With the hype created by Metaverse, we observe that money flows in this direction, while there is a pullback in Bitcoin and other altcoins, Metaverse-themed projects are positively differentiated from the market.
*Not Investment Advice.