As cryptocurrency adoption is steadily increasing in 2021, we have witnessed rallies of altcoins grouped under different categories. DeFi coin projects came to the fore for a while, and early investors made serious fortunes. An era was marked by meme-coin projects led by Dogecoin (DOGE) and its follower, Shiba Inu (SHIB), inspired by the Japanese dog breed that opened its eyes to the world as the leading crypto Bitcoin parody. Recently, with the transformation of Facebook to Meta, the metaverse-coin craze has started to occur and still continues. While these developments were taking place in the crypto market, a comment came from Grayscale’s founder, Barry Silbert, regarding Metaverse coins. For details cryptocoin.com keep reading.
“Metaverse coins > SHIB, DOGE etc.
In the crypto world, Decentraland (MANA) and The Sandbox (SAND) have acted as engines in the recent metaverse movement. The rapidly changing and adapting crypto universe has quickly adapted to this situation, and many new metaverse-oriented cryptocurrencies have emerged and continue to come out day by day. While the rise in Metaverse coins continues, Barry Silbert, the founder of Grayscale, one of the largest crypto money funds, also expressed his views on this issue. Comparing metaverse coins with meme-coins, Barry Silbert shared on Twitter that “Metaverse coins are bigger than meme tokens”:
It is a known fact that Bitcoin maximalist Barry Silbert is distant from meme-coin projects like SHIB. In fact, Barry Silbert came before the names that undermined the big rally in SHIB rival Dogecoin. As DOGE was about to reach an all-time high, the founder of Grayscale announced that he opened a large “Short” position and became one of the most important names to finish the rally.
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