MPost Markets: Bitcoin price continues rising; metaverse coins in the red
Cryptocurrencies continue the positive trend, although NFT-related coins aren’t doing that well.
Bitcoin has had a significant price uptick over the last 24 hours. The coin even briefly crossed the $22,300, but it’s since reverted slightly. Bitcoin is now trading at $21,625.75, an impressive 5.71% price increase.
Ethereum’s ether is also seeing a steady price increase. Now up by 3.60%, the coin is trading at $1,224.75. Ether has experienced a nearly 17% weekly price jump, thus seeing the largest increase over the period of seven days among all major cryptos.
Binance’s BNB is up by 1.17%, XRP Is up by 3.66%, and Cardano’s ADA is up by 1.09%. The price of Solana SOL has barely changed overnight, just up by 0.43%. Just two coins have seen price increases of over 10%–1inch Network and Aave, up by 11.45% and 10.09%, respectively.
Unfortunately, major metaverse cryptocurrencies are not seeing a similar trend. Decentraland’s MANA is in the red, down by 00.88%, although it managed to keep a positive 7.60% price increase over the last seven days. While Flow has seen a small price jump of 1.37%, prices of both The Sandbox’s SAND and ApeCoin have slid slightly. SAND is down by 4.62%, while APE has seen a smaller change of just 0.66%.
That’s not to say no NFT-related coins have seen price increases. VIDT Datalink is up by an impressive 66.46% and 324.37% over the last seven days, while Alethea Artificial Liquid Intelligence Token ALI is up by 28.30%. XMON and DeFine DFA have also seen impressive price rises of 23.99% and 11.50%, respectively.
Unfortunately, even the impressive price increases have not saved the Metaverse Index price from dropping. Down by 0.53%, MVI is now trading at $39.80.
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About The Author
Karolina is a writer and journalist with a background in literary studies. She loves exciting tech solutions and art, and NFTs are often a perfect amalgamation of the two. Outside of work, she’s a plant mom, a vintage fashion enthusiast, and a gamer.
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Karolina is a writer and journalist with a background in literary studies. She loves exciting tech solutions and art, and NFTs are often a perfect amalgamation of the two. Outside of work, she’s a plant mom, a vintage fashion enthusiast, and a gamer.
