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DeFi v. Metaverse: UNI, dYdX may capitalize on MANA, SAND, GALA slowing down
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People from the crypto-space have evidently been intrigued by the nuances associated with the metaverse. Despite the fanfare, a few from the community believe that the whole meta-notion seems to be blown out of proportion; it would eventually fade away with time.
Well, the downtrend of tokens associated with meta protocols has only managed to add fuel to their claims. Curiously, the near-term prospects of tokens belonging to this category seemed to support the aforementioned narrative.
After massively rallying in November, most of the meta-coins have now stepped into their cooling-down period. At the time of this analysis, it was noted that MANA, SAND, and GALA had shed 3%-6% of their respective values, just over the past day.
Quite
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