MPost Markets: Cryptocurrencies are in the green

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Metaverse Markets' Review

Bitcoin doesn’t get out of the slump, but other cryptocurrencies continue doing much better.

Bitcoin has experienced another price increase, now trading at $21,284.90, up by 3.35% since yesterday. Over the last seven days, the price has remained relatively unchanged, with the 7-day average showing just a 2.24% rise. 

Bitcoin 7-day chart. Source: CoinGecko.

Ethereum’s ether, on the other hand, has been steadily regaining its price. Up by 8.45%, ether is now trading at $1,212.67. 

Binance’s BNB is up by 6.11%, while XRP has seen a significant price increase and has now surpassed Cardano’s ADA when it comes to the market cap. Xrp is up by 13.49%, while ADA has seen just a 6.12% price increase. Solana SOL has experienced a massive price increase over the last seven days, with the price rising by nearly a third. Just today, Solana is up by 10.80%. There have been even larger price increases, too: Storj is up by more than 30%, while the prices of eCash and Polygon have risen by 29.93% and 17.63%, respectively. 

Metaverse cryptocurrencies are similarly on the rise. Flow has taken over Decentraland’s MANA as the first NFT cryptocurrency by market cap. Flow is up by 4.45%  Decentraland‘s MANA by 3.24%, Theta Network by 7.72%, andTezos by 7.88%. Among metaverse cryptocurrencies seeing the highest gains, we have SwftCoin SWFTC, up by 37.37%, Unisocks SOCKS, up by 19.88%, and RMRK, up by 19.03%.

The price of the Metaverse Index has surpassed the $40 mark and is now trading at $42.69, nearly 10% up since yesterday.

MVI 7-day chart. Source: CoinGecko.

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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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