MPost Markets: Cryptocurrency prices fall after an overnight jump


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Metaverse Markets' Review

We’re back in the red as cryptocurrency prices fluctuate this Wednesday.

Although bitcoin crossed the $32K mark for a moment yesterday, the price has fallen again, and the coin is now trading at $31,603.99. The 0.43% loss it incurred over the last 24 hours is relatively small but meaningful enough to knock speculative traders for a loop.

Ethereum’s ether has also experienced a fall of 1.93% and is now trading at $1,937.13. The price of Binance’s BNB has also fallen by 1.61%, Cardano’s ADA by 6.89%, XRP by 1.27%, and Solana’s SOL by 1.27%. Meanwhile, Dogecoin DOGE and Polkadot DOT are both in the green, with a slight rise of 0.65% and 0.59%, respectively.

Metaverse cryptocurrencies are also experiencing a fall. Flow is down by 5.05%, ApeCoin APE by 3.96%, Decentraland’s MANA by 4.18%, and Tezos XTZ by 0.66%. However, that’s not to say that all the coins used for NFTs are behaving badly. Vivid Labs VID is up by 44.67%, Victoria VR 30.45%, and Aurory AURY’s price jumped 23.14%.

Unsurprisingly, considering all the price falls, Metaverse Index MVI is also down. Trading at 6% lower than yesterday at $54.36.

Metaverse Index price over 24 hours. 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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