According to data from CryptoSlate, the virtual reality (VR) market in cryptocurrency has increased by more than 7.9% over the past day as investors eagerly await Apple’s (AAPL) major VR headset announcement on Monday.
The tech giant’s stock price has increased by 7.4% in the last two weeks thanks to the unveiling of what is being hailed as Apple’s first significant product in ten years. Today’s metaverse and virtual reality crypto currencies have followed suit.According to CoinGecko, Decentraland (MANA), the largest VR-related token with a market worth just shy of $1 billion, has increased by 5.4% over the past day despite the overall cryptocurrency market losing 1.5% of its value in that time.
Metaverse project in five dimensions.The sector’s top gainer for the day is Wilder World (WILD), which has risen by 18.8% over the past 24 hours and gained 119% over the past 30.Apple is one of two businesses setting the standard for virtual and augmented reality, as stated by Goldman Sachs in a research paper published last year.In Q4 of this year, the tech giant is anticipated to make a mixed reality headset widely available, according to a recent investment note from Morgan Stanley.With numerous assets plummeting more than 80% from their all-time highs during the crypto winter, the broader metaverse sector has been hurt.The latest uptick, though, suggests that the tide may be changing.
Over the last 24 hours, metaverse tokens have seen $905 million in trade volume, bringing the group’s total market valuation to $8.65 billion, according to CoinGecko.