Bitcoin, the leading cryptocurrency, is in a downtrend at the time of writing and is trying to hold above $63k. Meme coins like SHIB and DOGE, which have been rising in recent days, are losing value. However, the most rising cryptocurrency of the day is a metaverse coin! Cryptocoin. com, we have compiled the details for you, let’s examine the subject together…
The highest rising cryptocurrency of the day is a metaverse coin!
The leading cryptocurrency Bitcoin entered a downtrend on the news of Evergrande’s bankruptcy. In fact, with the development, it suddenly deleted $ 6,000. Also, the SEC announced yesterday that it rejected a Bitcoin EFT application. These developments are putting pressure on the market downwards. Even meme coins like SHIB and DOGE, which have risen in recent weeks, are losing value. However, a metaverse coin is rising strong.
Decentraland (MANA) is the most appreciated cryptocurrency in the market today. At the time of writing, MANA is priced at over $3.65, up more than 26 percent. The analyst of Coin Bureau, which has a million subscribers, also drew attention to crypto money and announced that he expected a rise. According to the analyst, there is significant institutional demand for this metaverse coin. The analyst made the following comments on the subject:
First, the rest of the crypto market continues to recover. Most importantly, Bitcoin dominance is on the decline, which means money is moving to altcoins like MANA. The amount of money held in Decentraland’s Grayscale Trust has more than doubled since March this year. This indicates significant corporate demand for Decentraland.