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Metaverse and blockchain gaming altcoins rally while Bitcoin looks for support
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Bitcoin’s (BTC) recent foray back below $56,000 sparked a wide-ranging sell-off across the cryptocurrency ecosystem and talks of the price hitting $100,000 by the end of the year quickly morphed into concerns about an impending bear market that could thrust prices into the doldrums for a year or longer.
While there appeared to be absolute carnage in the markets judging by peoples' reaction to the BTC pullback, not all tokens were negatively impacted and gaming tokens focused on the emerging Metaverse have managed to stay in the green.
Data from Cointelegraph Markets Pro and TradingView shows that while the price of Bitcoin dropped below $57,000, the price of Metaverse tokens climbed higher, including a 160% gain for Gala (GALA), a 78% rally
Read more on cointelegraph.comAbout this in other media
$106M worth of Metaverse land sold last week: DappRadar cointelegraph.com /2 years ago
Cointelegraph Consulting: Gaming tokens usher in altcoin season cointelegraph.com /2 years ago
Key data points suggest the crypto market’s short-term correction is over cointelegraph.com /2 years ago
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