A completely new virtual world on the internet called metaverse appears to be the hottest trend in cryptocurrencies this year, trumping even the world's biggest digital asset – Bitcoin .
That's what UK research firm Macro Hive 's cryptocurrency indices show, with metaverse- related currencies reaching up to 37,000% this year , against almost 100% for Bitcoin .
They also show the growing performance gap between BTC and Altcoins, which is still growing.
“The best performance this year was the metaverse,” said Macro Hive staff, including Dalvir Mandara and CEO Bilal Hafeez, in a newsletter published on Thursday.
"Returns appeared to be boosted by Facebook's decision to change the brand to Meta."
Macro Hive has divided the world of cryptocurrency into four main trends and created indexes to:
Bitcoin, Smart Contracts, Metaverse, and Decentralized Finance (DEFI), comparing popularity by measuring the performance of tokens that support these trends. In addition to the Bitcoin Index (BTC), which only tracks the value of a single digital asset, each index is made up of five currencies.
The meta-index is composed of tokens representing the “Play-to-Earn” gaming platform – Axie Infinity (AXIE), decentralized 3D virtual reality platform selling digital land parcels – Decentraland (MANA) , in addition to Sandbox (SAND), Enjin Coin (ENJ) and Gala (GALA).
The DeFi index is represented by Aave (AAVE), Maker (MKR), Compound (COMP), Uniswap (UNI) and PancakeSwap (CAKE).
And smart contracts are represented by programmable blockchain tokens: Ethereum (ETH), Solana (SOL), Cardano (ADA), Avalanche (AVAX), and Polkadot (DOT).
Target demonstrates momentum, gaining 20% in the past seven days, compared to Bitcoin, Smart Contracts and DeFi, which fell modestly over the same period.
Content Metaverse Coins outnumber Bitcoin in appreciation first appeared in Cointimes .