MPost Markets: Bitcoin price continues rising; metaverse coins in the red
To improve your local-language experience, sometimes we employ an auto-translation plugin. Please note auto-translation may not be accurate, so read original article for precise information.
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.
Read related posts:
In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.