in Bitcoin ( BTC)With the harsh withdrawal, a new wave of sales was recorded in Metaverse projects.
BTC, which shot around 40,250 during the night, shook the altcoin market. While declines of nearly 10 percent were observed in many altcoins, BTC With the recovery of , these declines started to be compensated. However, that’s not exactly how things worked out with Metaverse-related cryptocurrencies. metaverseOne of the first projects that comes to mind when talking about the sandbox( SAND) And Decentraland( MEANING) fell by around 10 percent in a short time and became “ Most A lot losers” was at the top of the list.
They give up easily!
BTC’s upward move after dropping a needle around $40,250 has improved the prices of most altcoins. Metaverse projects remained in the background as altcoins slowly gained value due to the dominance effect and the removal of liquidity. The selling wave in SAND and MANA was much greater than in other altcoins.
Investors who quickly disposed of Metaverse-based cryptocurrencies in a scenario where BTC lost value showed that they could easily give up on this area. The fact that there have been no developments in the Metaverse sector for a while has been one of the critical factors supporting this situation. In a scenario where there is a negative atmosphere across BTC, there may be a decline in SAND and MANA prices to around $0.40.
