Metaverse tokens plummet in new cryptocurrency market correction

Charlie Taylor

Along with big market assets like bitcoin (BTC) and ether (ETH), popular metaverse tokens have plummeted in the last 24 hours.Enjin Coin (ENJ) — the native token of the Enjin platform obtained by performing in-game tasks and used to the purchase of virtual goods — was the most affected among the metaverse projects, registering a drop of 6.5% this Monday (11). 0.50, according to CoinMarketCap.ApeCoin (APE) — the Bored Ape Yacht Club (or BAYC) ecosystem governance token — is down 6.6% over the last day and is trading in USD. 4.56. Launched in March of this year, APE can be used to acquire virtual land plots in Yuga Labs’ Otherside metaverse initiative. Founded in 2021, Yuga Labs is the entity responsible for creating the super-popular Bored Apes non-fungible token project (or NFTs). 39.40. However, to the dismay of its investors, the token is 88% away from its record price.

The Sandbox and Decentraland follow the downward trend

The price of SAND, from the metaverse The Sandbox, and MANA, from Decentraland, also dropped by 4.8% in the last 24 hours.The Sandbox and Decentraland are metaverse games created on Ethereum where users can acquire virtual land, whose prices have already reached However, both tokens are now 86% and 85% off their respective highs recorded in November 2021.AXS, the native token of blockchain gaming platform Axie Infinity, is down 4.3% in the last 24 hours. and is trading at $14.Bitcoin is down 3.8% on the last day, priced at $20,475.Ether, the second largest cryptocurrency on the market in terms of capitalization, also dropped 3.3% and is being traded at US$ 1,143.*Translated by Daniela Pereira do Nascimento with authorization from\r\n window.uolads.push({id: \”banner-970×250-area-1\” });\r\ n \r\n

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