{"id":369649,"date":"2021-11-20T00:09:46","date_gmt":"2021-11-19T21:09:46","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/metaverse-and-blockchain-gaming-altcoins-rally-while-bitcoin-looks-for-support\/"},"modified":"2021-11-20T00:09:46","modified_gmt":"2021-11-19T21:09:46","slug":"metaverse-and-blockchain-gaming-altcoins-rally-while-bitcoin-looks-for-support","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/metaverse-and-blockchain-gaming-altcoins-rally-while-bitcoin-looks-for-support\/","title":{"rendered":"# Metaverse and blockchain gaming altcoins rally while Bitcoin looks for support"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a35003b5136a\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a35003b5136a\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/metaverse-and-blockchain-gaming-altcoins-rally-while-bitcoin-looks-for-support\/#NFTs_pave_the_road_to_mass_adoption\" >NFTs pave the road to mass adoption<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/metaverse-and-blockchain-gaming-altcoins-rally-while-bitcoin-looks-for-support\/#Digital_collectibles_are_on_the_rise\" >Digital collectibles are on the rise<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Metaverse and blockchain gaming altcoins rally while Bitcoin looks for support <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Bitcoin\u2019s (BTC) recent foray back below $56,000 sparked a wide-ranging sell-off\u00a0across the cryptocurrency ecosystem and talks of the price hitting $100,000 by the end of the year quickly morphed into concerns about an impending bear market that could thrust prices into the doldrums for a year or longer.\u00a0<\/p>\n<p>While there <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>eared to be absolute carnage in the markets judging by peoples&#8217; reaction to the BTC pullback, not all tokens were negatively impacted and gaming tokens focused on the emerging Metaverse have managed to stay in the green.<\/p>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/\">TradingView<\/a> shows that while the price of Bitcoin dropped below $57,000, the price of Metaverse tokens climbed higher, including a 160% gain for Gala (GALA), a 78% rally for WAX (WAXP), a 62% breakout for The Sandbox (SAND) and 45% for Decentraland (MANA).<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-11\/ddcf7427-71f5-422a-9548-d7fde2fca3d1.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USDT vs. GALA\/USDT vs. WAXP\/USDT vs SAND\/USDT vs. MANA\/USDT 4-hour chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>The past couple of months has seen a growing focus on &#8220;the dawn of the Metaverse&#8221; as all manner of gaming protocols, nonfungible token (NFT) collections and projects focused on designing the landscape to the growing virtual world have seen a spike in interest after <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Facebook<\/a> announced that it was rebranding its parent company to \u201cMeta.\u201d<\/p>\n<h2><span class=\"ez-toc-section\" id=\"NFTs_pave_the_road_to_mass_adoption\"><\/span>NFTs pave the road to mass adoption<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The skyrocketing popularity of Metaverse-focused projects is, in large part, thanks to its adoption by popular culture and well-known celebrities who have discovered the potential that exists within decentralized finance (DeFi) and NFT <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a>. <\/p>\n<p>From Post Malone purchasing Bored Ape Yacht Club (BAYC) NFTs that were featured in the music video \u201cOne Right Now,\u201d to globally recognized brands like Gucci and Coca-Cola launching their own lines of branded NFT merchandise to engage with customers, the road to mass adoption is paving a route through the Metaverse. <\/p>\n<p>As a result, projects that deal with the growing field of virtual real estate such as The Sandbox and Decentraland have seen significant growth in both token price and the number of users interacting with their protocols over the past month. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-11\/0dd5d208-73c2-4aaa-82f8-3d8592db4d69.png\"><figcaption style=\"text-align: center;\"><em>The Sandbox users statistics. Source: DappRadar<\/em><\/figcaption><\/figure>\n<p>VORTECS\u2122 data from Cointelegraph Markets Pro began to detect a bullish outlook for SAND on Nov. 17, prior to the recent price rise. <\/p>\n<p>The VORTECS\u2122 Score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-11\/fa5c0dba-519e-4933-a9e3-6cbb741d89f3.png\"><figcaption style=\"text-align: center;\"><em>VORTECS\u2122 Score (green) vs. SAND price. Source: <\/em><em>Cointelegraph Markets Pro<\/em><\/figcaption><\/figure>\n<p>As seen in the chart above, the VORTECS\u2122 Score for SAND climbed into the green zone on Nov. 17 and reached a high of 79 around three hours before the price increased 48.5% over the next two days.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>$400M funding round to help Gemini build in the decentralized metaverse<\/em><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Digital_collectibles_are_on_the_rise\"><\/span>Digital collectibles are on the rise<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The rise of the metaverse and digital collectibles has come at an interesting intersection in the development of our global society, especially considering that issues related to environmental sustainability and global supply chains have increasingly come into focus. <\/p>\n<p>Crafting things in the digital world actually solves many of the problems currently facing humanity because there is no need for physical inputs to craft the final products, nor is there the need for a vast system of shipping when the items are digital and can be transferred via the internet. <\/p>\n<p>Rather than vast production lines creating the latest collector\u2019s cards or action figures from popular sports, <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">game<\/a>s or <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">movies<\/a>, protocols like WAX (Worldwide Asset eXchange) offer digital versions of the same items that can easily be stored in personal digital wallets or transferred around for little to no cost.<\/p>\n<p>VORTECS\u2122 data from Cointelegraph Markets Pro began to detect a bullish outlook for WAX on Nov. 2, prior to the recent price rise. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-11\/cfbedc5c-2dc7-4ee8-8cd0-90c4957d1348.png\"><figcaption style=\"text-align: center;\"><em>VORTECS\u2122 Score (green) vs. WAX price. Source: <\/em><em>Cointelegraph Markets Pro<\/em><\/figcaption><\/figure>\n<p>As seen in the chart above, the VORTECS\u2122 Score for WAX climbed into the green zone on Nov. 2 and reached a high of 74 around 24 hours before the price began to increase by 154% over the next two weeks.<\/p>\n<p>While the short term outlook for Bitcoin and the wider cryptocurrency market remains uncertain and half the crowd is worried about the start of a crypto winter. The more experienced traders view the dip as just another opportunity to buy the dip and the trajectory of the Metaverse continues upward as projects focused on laying the foundation for the future of commerce and socialization are likely to be the most profitable investments over time.<\/p>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/metaverse-and-blockchain-gaming-altcoins-rally-while-bitcoin-looks-for-support\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Metaverse and blockchain gaming altcoins rally while Bitcoin looks for support &#8221; Bitcoin\u2019s (BTC) recent foray back below $56,000 sparked a wide-ranging sell-off\u00a0across the cryptocurrency ecosystem and talks of the price hitting $100,000 by the end of the year quickly morphed into concerns about an impending bear market that could thrust prices into the&#8230;<\/p>\n","protected":false},"author":1,"featured_media":369650,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTEvOWE3ZTk3ZDQtNDI5ZC00OWIxLTllZjMtYTA5Mjg4Mjc0ZjBmLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,88119,74862,74863,74860,99002,74868,105688,95118,89067,86934,74355,73785,17813],"class_list":["post-369649","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-altcoin-watch","tag-bitcoin","tag-cryptocurrencies","tag-cryptocurrency-exchange","tag-decentralized-marketplace","tag-defi","tag-markets-pro","tag-nft","tag-sandbox","tag-wax","tag-adoption","tag-markets","tag-virtual-reality"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/369649","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=369649"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/369649\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/369650"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=369649"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=369649"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=369649"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}