. So, there could be a chance that MANA picks up a rally, since Apple plans on a cheaper version of the device later in 2024.Meanwhile, Apple is not the only tech firm involved in building VR Products. Mark Zuckerberg-led Meta has been on the course for some time. Although, there has been no notable breakthrough from the company’s end that metaverse token could benefit from.
Additionally, one reason why MANA experienced upticks in the last few weeks was due to its volume. According to Santiment, the token’s trading volume hit over a billion dollarsBut at press time, it has decreased to 230.37 million. The decrease implied that investors had shown that transacting via the Decentraland network. This has also been reflected in the 30-day Market Value to Realized Value ratio.
Since the MVRV ratio was down to 46.01%, it meant that holders have made less gains recently. But the MVRV ratio state also signaled a possible accumulation period with a decreasing motive for selling pressure. So, as the metaverse technology market expands, tokens like MANA have a chance to move with the boost.Subscribe to get it daily in your inbox.
Source: Digital Coin News (digitalcoinnews.net)
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