Metaverse Isn't As Effective As It Used To Be - Coinleaks
Current Date:November 7, 2024

Metaverse Isn’t As Effective As It Used To Be

Although investments and work towards the metaverse have increased recently, metaverse coins are not stable.

The Metaverse sector has come to the fore with the investments and developments it has received, especially in the last week. to Apple’s App StoreInfinity Ax ( AXS ), many developments emerged, especially the addition of Although these developments have added value to the metaverse-oriented coins, the lack of stability of this event is an indication that interest in the metaverse has waned. The metaverse rush, which destroyed the world for a while, is not able to achieve permanence even thanks to very strong news.

Decentraland (MANA) Sets an Example

With the effect of Metaverse news, it exploded by 24 percent. MEANING , depreciating by 12.93 percent in a short time, became an example of a decrease in interest in the metaverse sector. Metaverse coins, which cannot maintain their rise, do not attract the attention of crypto investors as much as they used to. Approaching support level MEANINGIf it cannot hold at this value, the declines may become even deeper.

The resistance levels for MANA are $0.55 – 0.62 – 0.76 and $0.83 respectively. A weakening of the metaverse effect or market-based pullbacks could test the MANA supports at $0.43 – $0.35 and $0.28, respectively.