{"id":14812,"date":"2022-10-31T09:33:07","date_gmt":"2022-10-31T09:33:07","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/metaverse\/metaverse-market-analysis-october-24-30-2022\/"},"modified":"2022-10-31T09:33:08","modified_gmt":"2022-10-31T09:33:08","slug":"metaverse-market-analysis-october-24-30-2022","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/metaverse\/metaverse-market-analysis-october-24-30-2022\/","title":{"rendered":"Metaverse Market Analysis: October 24-30, 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 rise 14% to $1.46 billion on back of crypto rally, ETH +16%<\/span><\/li>\n
  • Otherside land cap dips 6% \u2013 premium sales vanish from the charts<\/span><\/li>\n
  • Trading remains quiet at NFT Worlds, as prices start to correct in anticipation of an end-of-year Beta release <\/span><\/li>\n
  • Trading activity up at Worldwide Webb, as it opens its early access Alpha to all players<\/li>\n<\/ul>\n

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

    \"Metaverse<\/p>\n

    It may even be that ETH\u2019s rally sparked some FOMO-ing traders in OG projects <\/strong><\/span>Decentraland<\/span> and <\/span>The Sandbox<\/span> into action \u2013 weekly trading volumes were up by 57% and 33% respectively \u2013 but also Worldwide Webb (+25%) and BYOPills (+63%). Currently, <\/span>Decentraland<\/span> is gearing up for its second annual Metaverse Music Festival, taking place 10-13 Nov (in which <\/span>OneLand<\/span> will be participating) while <\/span>The Sandbox<\/span> concludes its 10-week long Alpha Season 3 (don\u2019t forget to check our upcoming October monthly report for a performance comparison with AlphaS1 and 2).<\/span><\/p>\n

    Over at <\/span>NFT Worlds<\/span>, where the dev team power forward with their new game, its pricing has corrected a little over recent weeks to return near 1 ETH, after hitting as low as 0.73 on Sep 10. That is still a far cry from the 3.72 ETH ($5,840) prior to July 20 when Microsoft banned NFTs from Minecraft and forced <\/span>NFT Worlds<\/span>\u2019 pivot, while trading volumes remain low, down 23% for the week as the community waits and watches<\/strong> while in a bear market. However, with a Beta on its way, a blockchain gaming <\/span>integration<\/span><\/a>, upcoming <\/span>Game Jam<\/span> and a little more <\/span>marketing<\/span> at play, it will be interesting to witness the coming months.<\/span><\/p>\n

    Trading and price action at <\/span>Worldwide Webb<\/span> has been lacklustre, but October has been a better month than September for the NFT integration superstar. <\/span>Trading volume and sales numbers<\/span> improved 24.8% and 50% for the week, as the project released <\/span>news<\/span><\/a> that come the end of the week (Halloween), its <\/span>Alpha<\/span> would open for all players!\u00a0<\/span><\/p>\n

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

    \"Metaverse<\/p>\n

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

    OneLand<\/span> 7-day data shows land market caps for the 10 metaverse projects on <\/span>OneL<\/span>and<\/span> up a significant 14%, in USD, to exceed $1.46 billion. A 16.6% rally in the price of ETH<\/strong> (total crypto market cap +7.85%) was the cause, with aggregate land cap in ETH terms in fact down 2.3%. ETH was not the only solid weekly performer, with most crypto, including metaverse-based tokens SAND (+15.8%), MANA (+ 8%), CUBE (+9.4%) and WRLD (+27.5%), all bouncing back.<\/span><\/p>\n

    Aggregated trading volume was up nearly 3% for the week and, this time, cannot simply be attributed to <\/span>Otherside<\/span><\/a>, as land cap (-6.1%) and trading volume of <\/span>Otherdeeds<\/span> (-18.6%) slid for the week. (A top sale of just 17.5 ETH surely contributed.)<\/span><\/p>\n

    \"Metaverse<\/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