{"id":14695,"date":"2022-10-24T15:56:48","date_gmt":"2022-10-24T15:56:48","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/metaverse\/metaverse-market-analysis-october-17-23-2022\/"},"modified":"2022-10-24T15:56:49","modified_gmt":"2022-10-24T15:56:49","slug":"metaverse-market-analysis-october-17-23-2022","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/metaverse\/metaverse-market-analysis-october-17-23-2022\/","title":{"rendered":"Metaverse Market Analysis: October 17-23, 2022"},"content":{"rendered":"
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Welcome to Metaverse Market Analysis! Every Monday we bring you the latest stats and data on the overall state of the Metaverse market. This column is in partnership with the incredible team from\u00a0OneLand, a financial platform for virtual lands in the Metaverse.<\/p>\n

Highlights:<\/b><\/h3>\n
    \n
  • Metaverse land caps stable for the week \u2013\u00a0up 3.52% to $1.283 billion<\/li>\n
  • Decentraland and Arcade Land record top sales, as ETH price steadies<\/li>\n
  • Agg. trading volume down 1.63%, holders steady<\/li>\n<\/ul>\n

    Market Data & Analysis<\/strong><\/h3>\n<\/p>\n

    OneLand 7-day data shows aggregate land market cap for the\u00a010 Metaverse projects<\/strong>\u00a0up 3.52% to approximately $1.283 billion, while trading volume fell 1.63%. There were no big weekly movements in land caps of Metaverse projects in a week in which the price of ETH held relatively steady, up 4.4%.<\/p>\n

    \"Land<\/p>\n

    The Sandbox<\/a>\u2019s land cap was steady for the week, up 1% to push past 190,000 ETH. Weekly average prices continue to look cheap at 1.42 ETH, having dipped below 2.0 ETH at the end of August and not rising above that since. Trading volumes (-28.5%) have also been retreating again since\u00a0The Sandbox\u00a0launched its\u00a0landholder-only staking program<\/strong>\u00a0a month ago. (In our upcoming October report, we will assess the performance of land sales over the duration of Alpha Season 3 (Aug 24-Nov 4) compared to AlphaS1 and S2 (which both ran 4 weeks)).<\/p>\n

    Meanwhile,\u00a0Decentraland\u2019s average price jumped 45% to more than double that at 3.18 ETH in a week which saw an\u00a0Estate\u00a0sell for 31.01 ETH.\u00a0Decentraland\u2019s second annual Metaverse Music Festival (MVMF22) was announced this week to happen Nov 10-13 and will be hoped to renew interest in the metaverse\u2019s virtual real estate. Sales numbers (though down for the week 29%) and volumes (+3.2%) have been creeping upwards over the past couple months. Unique landholders are on the rise, as holding concentration loosens at\u00a0Decentraland, while the opposite seems to be happening at\u00a0The Sandbox.<\/p>\n

    Voxels\u2019 holder numbers were down for the week, but like Decentraland are also up for both the month and year.<\/p>\n

    In its highest sale in nearly three months, a parcel in\u00a0Arcade Land<\/strong>\u00a0sold for 11.79 ETH. The sale composed 40% of its weekly trading volume (+27%) and helped\u00a0Arcade Land\u00a0to a second consecutive week of higher land cap, volume, sales and average price.<\/p>\n

    However, there were no premium sales of\u00a0BYOLands\u00a0this week, nor indeed any week over the past month. But trading activity had a definite pickup from last week\u2019s lull, sales numbers recovering even if average price fell.\u00a0BYOLands\u2019 land cap ended the week down 6.4%.<\/p>\n

    Top Sales by Metaverse (7D)<\/b><\/h3>\n

    \"Land<\/p>\n

    Metaverse Tokens (7D)<\/b><\/h3>\n

    \"Token<\/p>\n

    For comprehensive market and Metaverse project data, find out more on\u00a0oneland.world\u00a0and follow for the latest updates on\u00a0Twitter<\/a>.<\/p>\n

    Stay up to date with the hottest metaverse news >>\u00a0Here<\/strong><\/p>\n

    Want more? <\/b><\/p>\n

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    *All investment\/financial opinions expressed by us are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.<\/em><\/small><\/p>\n<\/div>\n