The Metaverse industry is the next big thing in the development of the Web3. While the market is still evolving many key players and known Cryptocurrency projects are getting in line to be a part of this industry. Recently, a famous meme crypto Shiba Inu (SHIB) launched its metaverse. Now, Bored APE NFT creator Yuga Labs is also getting in line to launch its virtual world “Otherside”.
Land sales in Otherside are set to launch at 9:00 PM EST on Saturday.
Whales spots buy the dip opportunity
Other key players in the Metaverse industry like Gala games (GALA), the Sandbox (SAND), and Decentraland (MANA) are already getting major traction. Many major banking institutions, electronic giants, and fashion designing firms have already acquired plots of land in these virtual worlds.
According to CoinMarketCap, top Metaverse tokens’ total market capitalization is down by over 2% in the last 24 hours. While the 24 hours trading volume is also down by 25%. The cumulative total market capitalization stands at approx $27.28 Billion.
Seems like Ethereum (ETH) whales have spotted the perfect timing to buy the dip. As per WhaleStats, the biggest ETH wallets are adding APE, SHIB, GALA, and MANA in the last 24 hours.
Trending Stories
ETH whales add $12.4 million worth of APE
The craze for APE tokens is still on a rise. ApeCoin prices are still on a surge by over 10% in the last 24 hours, whereas Bitcoin (BTC) price is down by 2%. ETH whales have added more than $12.4 million APE tokens since yesterday. This move can be directly linked with its upcoming much hyped Metaverse project “Otherside”.
GALA token is down by over 18% in the past 7 days. However, it has landed in the top 10 tokens purchased by the biggest of the ETH wallets. Top Ethereum whales hold more than $35 million worth of GALA tokens.
While the MANA token has emerged as the most widely held token by the ETH whales. According to WhaleStats, MANA also landed on the list of most used smart contracts among the top 500 whales in the last 24 hours. ETH whales cumulatively hold more than $162 million worth of MANA tokens.
- Prominent Investment Officer Predicts More Downside For Bitcoin Price, Here’s Why
- Investors Move $141 Million Out Of Crypto: CoinShares Report
- Just In: S. Korea Police Seek To Guard LUNA Assets
- Incoming Shiba Inu Rally? Over 22 Billion SHIB Tokens Burned Across 497 Transactions
- French Luxury Brand Balenciaga To Accept Crypto Payments In U.S.
- PayPal May Soon Accept All Forms Of Crypto Reveals Vice-President
- Crypto Analyst Predicts What Will Kickstart Next Bitcoin Bull Run
- Just-In: South Korea May Sue Crypto Exchanges Over Terra Crash
- Breaking: S. Korean Exchanges Redflag Litecoin Mimblewimble Update; May Delist LTC
- Just-In: PlanB Reveals Bitcoin S2F Prediction For 2024 Halving
- What Next For The Fast Recovering FTM Price?
- Ethereum Price Analysis: Triangle Pattern Foretells Upcoming Rally in ETH
- Zilliqa Price Analysis: Channel Breakout Hints ZIL Price to hit $0.1
- Bitcoin Price Analysis: Trapped Bullish Momentum Need Triangle Breakout
- FTM Price Analysis: Buyers Tease Breakout From Long-Coming Trendline
- GALA Price Analysis: High Momentum Fallout Warns $0.075 Fallout
- Solana Price Prediction 2022: Bulls to drive SOL Price to new Highs?
- Theta Price Prediction 2022 : Analysts Insights into the crucial Reversal levels
- Sandbox Price Prediction 2022 : Analysts Show Optimism Towards The Metaverse SAND Token
- Apecoin Price Prediction 2022 : The future of Web3 and NFTs ?
