The cryptocurrency market is trying to quickly get over the gloomy days of recent times. The Fed’s interest rate hike, which may create a downward momentum, has a positive impact on the entire altcoin market, including Bitcoin and Ethereum. Meanwhile, popular meme tokens Shiba Inu (SHIB) and Dogecoin (DOGE) gained around 3%, while a metaverse coin rose more than 850%. Let’s take a look at the reasons behind this explosion.
Shiba rose slightly, while this metaverse coin made 80%
The Metaverse is one of the hottest trends in the crypto market. The blast of the day, MetaworldPad offers a platform where project developers and investors can unite to develop metaverse projects from the ground up. The key benefit for MetaworldPad’s investors is early access to new metaverse coin pre-sales at discounted prices. Investors can also earn up to 9% passive income from all transactions in USDT. Using a DAO voting system, the community can decide whether projects should be listed on the launchpad. Other utilities of the project include tokenization, NFT infrastructure and play-to-win games.
On the other hand, Shiba Inu developers are working on a scaling solution called Shibarium and they are preparing the metaverse market that will give advantage to the meme token. As I mentioned in the cryptokoin.com analysis, SHIB has seen a double-digit drop since last week and according to the predictions, it can reach the target of $0.000033 in 2022 together with Shibarium. According to data shared by WhaleStats, the largest Ethereum whales have over $1.4 billion in SHIB. As can be seen from the chart below, metaverse projects manage to stay in trends with various launches, while highly volatile price movements can be exhibited.
What is Meta World Pad? What you need to know about the new metaverse project
Launched in January 2022, MetaWorldPad aims to usher adopters into a new metaverse era. Metaverse coin provides access to some cutting-edge innovations and projects that will build the infrastructure of the ever-evolving virtual world. These projects include next-generation P2E games, NFTs, Blockhcian-based social networks, etc. includes. The new token’s ecosystem provides API-based infrastructure for seamless tokenization of games and apps for developers.
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