Metaverse tokens in Decentraland, The Sanadbox, Enjin Coin, and Axie Infinity have all dropped roughly 6 per cent over just 24 hours.
Enjin coin, a token earned through in-game achievements to buy virtual goods, is the Metaverse token that’s been hit the worst. The native token of Enjin’s platform has the worst loss of the metaverse tokens, with a 7.33 per cent drop over the past day.
It comes as Bitcoin braces itself for a black swan event, something described in the crypto world as an event so uncommon that even the probability of it happening is unknown.
This follows the significant drop that crypto leader, Bitcoin faced this week. The slide saw the currency go down another 3 per cent to below $US22,000. Read more.
