3 Top Metaverse Cryptocurrencies Seeing Volatility Today
Today, popular metaverse cryptocurrencies The Sandbox (CRYPTO: SAND), Alien Worlds (CRYPTO: TLM) and Enjin Coin (CRYPTO: ENJ) are each down today. As of 2:30 p.m. ET, these three metaverse tokens were down by 4.7%, 7.9%, and 6.5% in 24 hours, respectively. They all dipped more than 9.5% earlier in Thursday's trading session.
Despite impressive momentum among metaverse-related assets (cryptocurrencies can certainly be included in this group), these three tokens appear to be feeling the effects of market-related headwinds today.
Concerns that the Omicron variant of COVID-19 would eventually be found in the U.S. were confirmed yesterday, sending most higher-risk assets lower on the news. Additionally, recent news that the Federal Reserve is looking at tapering of its bond-buying program faster than expected isn't helping valuations across most asset classes this week.
Source Fool.com
