Metaverse Coins (Selected By CryptoTips) Continue To Soar
From time to time it is good to tout your own victories. Not too much as this might set you up for ‘revenge answers’ if all else fails, but if it happens, it is always wise to remind your readers that actually surfing to this site can give them added knowledge which is usable and interesting.
At the end of October, as Facebook was in the eye of a storm, CEO Mark Zuckerberg decided to rebrand and point the interest of 3 billion users towards ‘metaverses’. These hypothetical online worlds are nothing new or revolutionary for some in the cryptosphere, but if Facebook starts meddling into the industry, you can be sure that investment will likely follow.
As such, we pointed our readers on 3 November 2021 already towards the ‘best metaverse coins that could benefit from the Facebook rebrand’. While the last two weeks of November have been mostly bearish for crypto and Bitcoin in particular, the metaverse coins we selected continue to outperform.
Sandbox and Decentraland
DeFi coin Decentraland (MANA) rallied massively after Facebook’s announcement and continues to do so.
The coin, owned by blockchain platform Decentraland (which has its own virtual universe), is betting big on virtual meeting platforms and has been working on metaverses of its own for a while. By now, it is trading for $5,75, up 53% in the past week.
Secondly, we turned your attention to The Sandbox.
We thought it would be good to remind everyone that Softbank organized a $93 million funding round into The Sandbox, an Ethereum-based online world. The coin soared in response and is expected to do well in the future if it can live up to its promise of continuing to create online metaverses. By now, it is trading for $8,27 already, up 110% in the past week.
In essence, can metaverse coins continue to climb? We believe they will plateau at a certain point in the next few weeks, but do expect them to do well in the next altseason.