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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.
According to OneLand’s 7-day data, the total land cap of ETH across the 7 Metaverse projects has declined for the 13th straight week (-1.53%), trading volume has fallen by 22.5%, and holders have remained stable. With the exception of Decentraland and Worldwide Webb, land caps for all projects have been reduced by one week.
Interestingly, Sandbox has yet to trigger a rally when the new Alpha Season 3 kicks off on Wednesday. In fact, the project landcap is in free fall all seven days of the week. Meanwhile, a week after NFT Worlds released its first formal development update on its Minecraft-free offering, some fresh deal activity surfaced, but the cascade of market capitalization and average prices for land showed no turnaround. There was not.
All this happened despite the price of ETH falling for the second week in a row (-11.66%).
sandbox launched a new alpha season 3 on Wednesday. Nevertheless, the season’s launch failed to pull off an uptick in LAND deals, with volumes (-32%) and sales (-22%) dropping significantly during the week, putting downward pressure on prices (-12.6%). ) was applied.
sandbox‘s landcap continued to slide throughout the week after Wednesday’s launch, ending with a 4.1% decline. This is despite his nearby 33 estate selling Snoop Dogg and Steve Aoki for his 19.9 ETH, while the price of $ETH (and $SAND, -13.1%) dropped to started to fall. However, the number of unique holders remained flat for at least the second week in a row.
A 10-week season, seven longer than the previous two seasons, appears to be part of a strategy to attract more players and acquire potential landlords. In line with this, it is instructive to consider the situation and performance of the last two seasons. sandboxAlpha Season 1 (November 29-December 20, 2021) kicked off on the heels of a massive bull market, with land caps soaring 47% in three weeks.
On the contrary, Season 2 started right after the peak of that rally and at the start of the two-month crash. 3 weeks later sandboxland cap has been reduced by 14%. It will be very interesting to see what happens this time.
A top sale of 11,500 MANA (about 6 ETH) barely saved Decentraland‘s recent market decline, but at least it shows that its market capitalization is up 2.77% this week, slightly recovering from a 7% drop the previous week.
Two more sales than the previous week is not a wild recovery. In fact, even if the price of $ETH and $MANA is low, Decentralandsales numbers have been declining around the 30 mark for over two months now. The average parcel price sank to a surprisingly low 1.87 ETH. Moreover, as volume (-17.3%) also reverses a very temporary swing-around, DecentralandArt Week 3rd.
Mirroring $ETH and $SAND, Decentraland‘s native token $MANA has also fallen 11.76% for the second week in a row, ending in the red.
nevertheless voxel This week we announced plans to restructure and revitalize the market, listing 6 new parcels (on Kronos Island) at 0.41 ETH each, as well as the Andromeda Island Burn Party where the other 6 parcels disappeared. There weren’t many visible effects.
weekly land sales voxel rose from 8 to 26, reversing much of the previous week’s 40% decline. However, the average parcel price has continued to fall despite last week’s brief rise, dropping to a dismal 0.497 ETH this week, enough to evoke a disastrous rise of 1 sale. With a top sale of just 1.36 ETH on Wednesday before ETH fell, the 7-day increase in trading volume and number of sales was more than enough to see. voxel The land cap ended the week slightly lower at -0.23%.
It’s been a relatively quiet week for somnium space On the news front, we have a plethora of live events to keep our community active. , the average price fell by 30% to 1.51 ETH, and the market capitalization of land fell by 2.9%.
The price of the native token $CUBE started falling in line with $ETH, $SAND, and $MANA on Friday, but quickly rebounded to end the week down just over 1%.
just 1 day later Mention The Minecraft-inspired virtual world project seemed to be nowhere to be found, save for a few lonely Twitter spaces. NFT World surprised the community this week by creating a new #dev-updates channel on its Discord, listing various updates for projects without Minecraft. This appears to have led to a rebound in trading activity, with volume and sales up 20.4% and 27.7% respectively this week.
Nonetheless, much more positive results need to be seen than these NFT World before the market is prompted to jump on the next installment of the project. The number of holders continues to decline (both week and month), suggesting new investors are yet to join. The average single world price continued to fall, dropping another 5.4% over the course of the week to just over 0.716 ETH (just over $1,000). Meanwhile, the land cap dropped 2.45% to his 34,374 ETH, dropping for the ninth week in a row.
Reversing the weekly trend of ETH and other Metaverse tokens, the price of the $WRLD token saw a very small but noticeable increase over the weekend.
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*All investment/financial opinions expressed by NFT Plaza are based on the personal research and experience of the site moderators and are intended for educational material only. , the product should be thoroughly investigated.
Metaverse virtual land financial platform.
