Cryptocurrencylistings Markets: Bitcoin's value keeps climbing; metaverse tokens struggle
The cryptocurrency market is on a positive path, although coins linked to NFTs are underperforming.
In the last 24 hours, Bitcoin saw an impressive uptick in price. It even surpassed the $22,300 mark momentarily but has slightly retracted since then, currently trading at $21,625.75, reflecting a notable increase of 5.71%.
Ethereum's ether is also showing a gradual rise, currently up by 3.60% and trading at $1,224.75. Over the past week, ether has witnessed a remarkable price rally of nearly 17%, marking it as the most significant gainer among major cryptocurrencies in that timeframe.
BNB from Binance has increased by 1.17%, XRP is up 3.66%, and Cardano's ADA shows a gain of 1.09%. Meanwhile, Solana (SOL) has recorded minimal overnight movement, with a slight uptick of just 0.43%. Only two cryptocurrencies – 1inch Network and Aave – have seen substantial price increases of over 10%, with gains of 11.45% and 10.09%, respectively.
Sadly, leading cryptocurrencies tied to the metaverse aren't mirroring this upward trend. Decentraland’s MANA has dipped by 0.88%, despite maintaining a notable 7.60% increase over the past week. Flow has seen a minor gain of 1.37%, but both The Sandbox’s SAND and ApeCoin have experienced slight declines, with SAND down by 4.62% and APE by 0.66%.
However, not all NFT-related tokens are lagging behind; VIDT Datalink has surged an astonishing 66.46%, with a staggering 324.37% increase over the past week. Alethea's Artificial Liquid Intelligence Token (ALI) has also shown a robust rise of 28.30%. Similarly, XMON and DeFine (DFA) have achieved impressive gains of 23.99% and 11.50%, respectively.
Unfortunately, even with some coins showing strong price growth, the Metaverse Index has not been spared from a downward trajectory, currently trading at $39.80 after a 0.53% decline.
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