MPost Markets: Downward trends continue; Bitcoin plunges below $20,000


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Metaverse Markets' Review

Cryptos are still plummeting, while bitcoin is edging towards the $19k mark.

Bitcoin has definitely seen better days. The price has dropped by another 3.41%, and the coin is now trading at $19,171.57.

Seven-day bitcoin chart.

Ethereum’s ether is fairing even worse, as the coin has seen a 4.11% price slide, mostly occurring within the last hour. Ether is now trading at $1,027.28, and just like bitcoin, it’s creeping towards the bottom, which in this case would be sub-$1,000.

Binance’s BNB has seen a drop of 2.92%, and the coin is now $218.43. The price of XRP has seen a relatively small slide of 1.76%, but both Cardano’s ADA and SOLANA SOL are doing worse—with the price decreasing by 5.24% and 5.27%, respectively. Luckily, there haven’t been any hugely dramatic price decreases, as the 7% price drops experienced by Quart QNT and TerraClassic USD were the biggest ones seen over the last 24 hours.

Metaverse coins are also in the red. Flow is down by 4.82%, Decentraland’s MANA by 5.37%, and Sandbox’s SAND by 4.53%. While the price of ApeCoin’s APE has seen a decrease, it’s a relatively minor one, by just 0.35%. The price of Tezos XTZ has slid by 7.24%, while both Theta Network and Axie Infinity AXS have both dropped by approximately 5.50%.

Unfortunately, there have been some bigger price decreases among the NFT-related cryptocurrencies, with the prices of VIDT Datalink VIDT plummeting by 15.39% and Monavale MONA by 12.53%. 4

The Metaverse Index is continually in the red, as the price dropped to just $32.83, down by 6.63% since yesterday.

Seven-day MVI chart.

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Disclaimer

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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