In the last few days, none of the three metaverse coins has been able to gain. Instead, all the coins have crashed after touching their all-time high value. Therefore, a question arises, “Should You Sell the Metaverse Coins Mana, Gala, and Sandbox this Weekend?”
Mana, Gala, and Sandbox have been the 3 of the top-performing Metaverse coins this year. Gala has risen by over 50,000% in the last one year. From $0.00026 last December, Gala is trading over $0.5 as of now.
Sandbox on the other hand has gained over 14,000% in its price. Last year in December 2020, SAND was trading just close to $0.035 and now Sandbox is trading around $5.
Mana too has made a huge gain as compared to its last year’s trading value. Decentraland MANA was trading just over $0.08 and now it is trading over $3. It has risen over 4400% in last one year.
However, in the last few days, none of the three metaverse coins has been able to gain. Instead, all the coins have crashed after touching their all-time high value.
Therefore, a question arises, “Should You Sell the Metaverse Coins Mana, Gala, and Sandbox this Weekend?”
The answer to this question will completely depend upon the buyers’ interest. But looking at the way cryptos are trying to be part of the Metaverse family, selling these huge gainers would not be a good decision. Here is why selling these metaverse coins Mana, Gala and Sandbox this weekend would not be a good decision:
- Crypto Market Crash May Be Temporary
The Crypto market has been very much volatile lately. This year the market has witnessed the crash several times but every time the market has bounced back stronger. The current crash too can be considered to be temporary and can be attributed to the spread of a new variant of Coronavirus, Omnicorn. However, the crypto market has been trying to recover and the possibility of a big bounce cannot be ignored.
2. Impact of Holiday Season
The other reason not to panic and sell the metaverse coins this weekend is the impact of the holiday season which has hit the market. Christmas is around the corner and followed by New Year. It has been noticed even in past less number of people choosing to trade during the holiday season. However, after the end of the holidays market has witnessed a sharp rise after the end of the holiday season. Therefore, instead of selling the coins, one should consider buying the dip.
3. High Scale Adoption of Metaverse
Gala, Mana, and Sandbox are among the metaverse coins. These coins have a much different need from other coins. Metaverse is likely to explode next year with big companies like Facebook inventing in it. Added to it Apple is launching metaverse-oriented VR glasses. The wide-scale adoption of Metaverse will boost the chances of these Metavere coins attaining much higher value.