Technology giant Apple stepped into the Metaverse with VR / AR glasses yesterday evening, but the decline that started in Bitcoin (BTC) also brought Metaverse coins to the bottom.
Projects related to Metaverse, which took off after Apple’s recent announcement, lost their influence when the SEC sued Binance. This situation, which deeply affected the altcoin market, clearly dropped the Metaverse coins. Metaverse coins, which covered the list of the day’s most depreciating ones, created fear in investors.
Metaverse Tops the Losers List
According to data from CoinMarketCap, Metaverse projects are usually on the list of the most depreciating ones in the last 24 hours. The Sandbox (SAND) is second on the list, down 13.65 percent, while Decentraland (MANA) is fourth, down 11.65 percent.
The Metaverse frenzy, which rose steadily until the SEC targeted Binance, lost its momentum with this event. It is a matter of curiosity how the Metaverse projects, where sales-oriented transactions are increasingly predominant, will continue from now on.
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