MPost Markets: Bitcoin price continues rising; metaverse coins in the red

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Metaverse Markets' Review

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.

Bitcoin chart.

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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Any data, text, or other content on this page is provided as general market information and not as investment advice. Past performance is not necessarily an indicator of future results.

Karolina Gaszcz

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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