Decentraland (MANA) Leads Crypto Market Gains, Here’s Why

Name	Symbol	Market	Market Cap ($)	Algorithm
Sandbox	SANDUSD	Crypto	932,686,667	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Sandbox

SANDUSD

Crypto

932,686,667

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.0033	-0.79%	0.4168	0.4165	0.4167

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.0033

-0.79%

0.4168

0.4165

0.4167

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.4255	0.4137	0.4219	0.4201	0.275500 - 0.920000

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.4255

0.4137

0.4219

0.4201

0.275500 - 0.920000

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	00:33:05	48.02	0.4165	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

00:33:05

48.02

0.4165

USD

Price x Volume	Volume	Base Symbol	Related Pairs
209,817.97	499,483.89	SAND	SANDEUR	SANDGBP	SANDBTC

Price x Volume

Volume

Base Symbol

Related Pairs

209,817.97

499,483.89

Decentraland (MANA) Leads Crypto Market Gains, Here’s Why

17/05/2023 1:30pm

NEWSBTC

Decentraland (MANA) is currently ahead of the rest of the crypto market after seeing almost double-digit gains in the last day. This incredible recovery comes at a time when the broader crypto market is following in the steps of Bitcoin and shedding most of its first quarter’s gains. So what could be driving the price increase of MANA? Rumors Of Apple Metaverse Circulate The rumors about Apple’s very own metaverse first started circulating on Monday when a Twitter user made a post about it. In the tweet, Idi Wertheimer pointed to the fact that tech giant Apple was allegedly launching its own mixed-reality headset. As a result, Wertheimer believes that metaverse coins are going to start pumping based on this news. CT is completely oblivious to the fact that Apple is about to launch a mixed reality headset in 3 weeks Metaverse shitcoins are going to pump so hard it’s not even funny But you morons keep buying influencer coins Ok — Udi Wertheimer 🧙‍♂️ (@udiWertheimer) May 15, 2023 Rumors about Apple working on its own metaverse didn’t just start now as it has since been speculated that the company would build one to compete with Meta’s (formerly Facebook) Oculus series. However, Apple has never confirmed nor denied if it was working on its own metaverse. Related Reading: Bitcoin Reclaims $27,000, Here Are The Factors Driving The Recovery Research on our end turned up an article from a website called Tom’s Guide which points toward the tech giant’s plans to enter the virtual and augmented reality space. But instead of the anticipated Apple Glasses, the article refers to an entirely new device which is rumored to be called ‘Reality Pro’. While Apple fans have waited long for a launch of VR/AR devices, venturing into the sector hasn’t been backed internally from all indications. Previously, executives reportedly vetoed the design team which believed that the device is not yet ready for launch. But it remains to be seen if the company will follow through and launch the device MANA price rises above $0.5 | Source: MANAUSD on TradingView.com Decentraland (MANA) Picks Up Steam With the rumors of Apple launching its own metaverse picking, the price of MANA, one of the largest metaverse projects in the crypto space, has been seeing positive reversals. Despite the low momentum in the market, MANA has been able to rise over 9% in the past day. This recovery has brought the MANA price back above $0.5 and its trading volume surged to $161.4 million during this time as well. MANA leads crypto market gains | Source: Coinmarketcap MANA is not the only token to have benefited from the Apple rumors. Another metaverse token The Sandbox (SAND) has been on the rise as well. SAND is up 3.98% in the last 24 hours, enabling it to beat the resistance at the $5.2 level. Related Reading: Does The Bitcoin Price Dump Signal The Start Of Another Bear Market? It is rumored that Apple’s device will drop at the WWDC 2023 event held later this year. If this happened, then the price of metaverse coins could explode leading up to the event, as well as after it. Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet… Featured image from iStock, chart from TradingView.com

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