Home » Metaverse Market Analysis: October 24-30, 2022

Metaverse Market Analysis: October 24-30, 2022

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Welcome to Metaverse Market Analysis! Every Monday we bring you the latest statistics and data on the overall state of the Metaverse market. This column one landMetaverse virtual land financial platform.

highlight:

  • Metaverse Landcap Rises 14% to $1.46 Billion on Crypto Rally, ETH +16%
  • Opposite land cap drops 6% – premium sales disappear from chart
  • NFT Worlds trading remains quiet as prices begin to correct in anticipation of year-end beta release
  • Worldwide Webb trading activity picks up, early access alpha opens to all players

Market data and analytics

Metaverse Token Chart

It’s even possible that the rise in ETH has inspired some FOMO-ing traders. OG project Decentraland When sandbox Take Action – Weekly trading volume increased 57% and 33% respectively – as did Worldwide Webb (+25%) and BYOPills (+63%). Current, Decentraland is gearing up for its second annual Metaverse Music Festival, November 10-13. one land will participate) meanwhile sandbox concludes its 10-week Alpha Season 3 (don’t forget to check our monthly report coming in October for performance comparisons against Alpha S1 and 2).

and NFT worldwhere the development team is showing strength in the new game, whose price has been corrected back to near 1 ETH in recent weeks after dropping to 0.73 on September 10.3.72 ETH ( $5,840) before July 20 when Microsoft banned and enforced NFTs from Minecraft NFT world‘Pivot, Volume Remains Low, Down 23% Weekly the community waits and sees while in a bear market.However, since the beta version is in progress, the blockchain game integrationcoming soon game jam and a little more marketing It will be interesting to witness the coming months as we play.

trading and price movements in world wide web But October was a better month than September for the NFT integration superstar. Volume and number of sales The week improved by 24.8% and 50% since the project was released news It’s coming the weekend (Halloween) and its alpha Open to all players!

Top Sales by Metaverse (7D)

Metaverseland ID

Metaverse Token (7D)

one land Seven days of data show the market capitalization of land for ten metaverse projects. WanelWhen In US dollars, it increased a whopping 14% to over $1.46 billion. ETH price rises by 16.6% (total crypto market cap +7.85%), which actually reduced the total landcap in ETH terms by 2.3%. ETH wasn’t the only cryptocurrency to show strong weekly performance, most of the cryptocurrencies including metaverse-based tokens SAND (+15.8%), MANA (+8%), CUBE (+9.4%) and WRLD (+27.5%). All virtual currencies have rebounded.

Total trading volume increased by nearly 3% over the course of the week, but this time it was simply other sideas land cap (-6.1%) and trading volume Other actions (-18.6%) fell for a week. (No doubt the top sale of just 17.5 ETH contributed.)

Metaverse Token Price

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