Metaverse token prices increased by an average of 395% over the year
This type of digital asset has become the leader in growth among all categories
08.06.2022 - 09:15
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What’s new? Metaverse and cryptocurrency exchange tokens have become the only digital asset types whose prices increased over the year, despite the overall market decline. This is evidenced by the data of a report by analysts at Kraken Intelligence, a division of crypto exchange Kraken. In this, the growth in the value of metaverse assets averaged 395%, which significantly exceeds the indicators of exchanges’ tokens at 6%.
The full version of the report
What other data does the report contain? The leaders among virtual reality platform tokens became STEPN (GMT), up 746%, Axie Infinity (AXS) up 511%, Sandbox (SAND) up 470%, and Decentraland (MANA) up 41%.
The value of bitcoin for the year showed a negative trend, falling by 13%, while the assets of the decentralized finance (DeFi) sphere fell by 72%.
In this, all categories of digital assets from the Kraken report have shown a drop over the past 30 days. The value of metaverse tokens decreased by an average of 42% over this period.
In March, analytics firm Grand View Research published a report stating that the volume of the metaverse market will reach $678,8 billion by 2030. According to experts, the cumulative average annual growth rate over the decade will be 39,4%. The analysts believe that metaverses will become a major part of the entertainment industry in the future.
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