Apple’s plans to launch a new virtual reality headset glorify Blockchain-based metaverse platforms. Analysts of the financial company Motley Fool shared 2 metaverse coins that crypto investors should pay attention to in such a situation.
Apple catalyst could mean different for these 2 metaverse coins
Everyone has heard that the technology giant is working on a mixed reality glasses that combines virtual reality (VR) and augmented reality (AR) elements. Representing the company’s first major product since the Apple Watch in 2015, this headset could be officially confirmed at the company’s Worldwide Developers Conference (WWDC) on June 5.
The launch of the new VR glasses is really big news for Apple. However, related rumors could have a bigger impact on the metaverse coin market. In the rest of the article, let’s take a look at the Motley Fool analysts’ picks from this blockchain industry.
Decentraland and Sandbox
Apple’s VR move will likely benefit these two projects the most. MANA and SAND are currently the largest cryptocurrencies in the metaverse market. This Blockchain sector first hit the trends in late 2021.
Since then, brands have seen metaverse worlds as a way to connect with digital customers. Investors, on the other hand, are convinced that buying virtual land in these worlds is a historic opportunity. In the following months, one after the other, record virtual land sales took place. Neither Decentraland nor The Sandbox were leading the industry during this period.
As a result, the price performance of these two metaverse coins later became disgraceful. In 2023, while Decentraland increased by 52% and Sandbox by 29%, it was really just a dead cat spatter. Decentraland is trading 92% below its ATH high of $5.90, which it reached in November 2021. Sandbox, on the other hand, is 94% off at its peak at $8.44.
Could the Apple move be a reversal signal?
If Apple announces a new mixed reality headset at WWDC, there will be a few things worth noting. One, of course, is whether Apple actually used the word “metaverse” in its launch presentation. If it does, that’s a huge plus for metaverse coins. But given all the problems Meta Platforms have had with launching metaverse initiatives, and the skepticism surrounding the term “metaverse” in general, it shouldn’t come as a surprise to anyone that Apple prefers to use terms like mixed reality and VR.
The second thing to watch is whether Apple is launching its own metaverse world (Appleverse?) for its users. This will be a tremendous boost to the concept of independent metaverse worlds.
Should you buy metaverse coins now?
However, it is almost certain that metaverse cryptos will increase its wealth, as Apple is actually considering getting involved in the metaverse. If the company can operate the metaverse at a relatively affordable cost, it will increase the wealth of existing metaverse worlds.
In the meantime, let’s point out that there is still plenty of money to flow into the metaverse sector with new news. Currently, crypto investors are showing interest in highly speculative meme tokens. If Apple does announce a mixed reality headset, the same investors may want to move that money to Decentraland and The Sandbox. Other major projects of the market are as follows:
Finally, metaverse coin projects need a move from a big company like Apple more than ever. cryptocoin.comAs we have reported, this sector has been under the control of bears since the beginning of 2022.
