Metaverse Won On Black Friday's Coinsmania

Metaverse coins such as SAND (+87%) and MANA (+41%) have continued on their upward climb while Bitcoin, the mother of all coins, struggled to stay at 58k during Black Friday.

BTC price lost 4% on Monday (Nov 22) but recovered quickly on Tuesday (Nov 30) up 4.66% at the time of writing.

Only on Thursday last week did BTC price once again touch $59k, gaining 3% on that day.

“Yet the news of the new COVID strain has caused a sell-off across financial markets and crypto wasn’t spared. On Friday, BTC lost 8.8% and touched $53k. Over the weekend, the price gradually recovered and the Bitcoin closed the week at -2.3%,” says Stoic.

The trading platform says BTC dominance has remained at 42%. Meanwhile, various segments of the altcoin markets moved in different directions.

“Among large caps, ETH (+0.86%) and BNB (+4.6%) have done well as dips were quickly bought out. Cordano (-13%), Solana (-12.9%), and XRP (-8.3%) didn’t hold up quite as well. Among smaller assets, “metaverse plays” such as SAND (+87%) and MANA (+41%) have continued on their vertical trajectory.

Last Wednesday, Adidas announced a partnership with Coinbase, saying that “The Metaverse is currently one of the most exciting developments in digital”.

The Sandbox added fuel to the metaverse mania, tweeting to Adidas.

Source: Stoic –