Decentraland (MANA) Leads Crypto Market Gains, Here’s Why

Decentraland (MANA) is currently ahead of the rest of the crypto market after seeing nearly double-digit gains over the last day. This incredible recovery comes at a time when the broader crypto market is following bitcoin’s footsteps and losing most of its first quarter gains. So what could drive the price of MANA?

Rumors of the Apple Metaverse Circulate

Rumors about Apple’s own metaverse first started spreading on Monday when a Twitter user posted about it. In the tweet, Idi Wertheimer pointed to the fact that tech giant Apple was reportedly launching its own mixed-reality headset. As a result, Wertheimer believes that the Metaverse will start pumping coins based on this news.

CT is completely oblivious that Apple is about to launch a Mixed Reality headset in 3 weeks

The Metaverse Is Going To Pump Out Shitcoins So Fast It’s Not Even Funny

but you fools keep buying impressive coins

Correct

– Udi Wertheimer 🧙‍♂️ (@udiWertheimer) May 15, 2023

Rumors of Apple working on its own metaverse haven’t started yet as it has been speculated that the company will be building one to compete with the Meta (formerly Facebook) Oculus series. However, Apple has never confirmed nor denied whether it was working on its own metaverse.

research on our end turned out to be a Article From a website called Tom’s Guide that points to the tech giant’s plans to enter the virtual and augmented reality space. But instead of the anticipated Apple Glass, the article refers to an entirely new device called the ‘Reality Pro’.

While Apple fans have waited a long time for the launch of VR/AR devices, venturing into this area is by all indications not supported internally. Earlier, officials reportedly vetoed The design team believed that the device was not yet ready for launch. But it remains to be seen whether the company will follow through and launch the device

MANA price rises above $0.5 | Source: MANAUSD on TradingView.com

Decentraland (MANA) picks up steam

With rumors of Apple launching its Metaverse picking, the price of MANA, one of the biggest Metaverse projects in the crypto space, is witnessing a positive reversal. Despite the low momentum in the market, MANA has been able to increase by more than 9% in the past days. This recovery has brought the MANA price back above $0.5 The trading volume increased to $161.4 million during this period. Too.

MANA leads crypto market gains | Source: Coinmarketcap

MANA is not the only coin that has benefited from the Apple rumor. Another Metaverse token sandbox (SAND) is also on the rise. Sand is up 3.98% in the last 24 hoursThis enables it to overcome the resistance at the $5.2 level.

It is rumored that Apple’s device will drop at the WWDC 2023 event to be held later this year. If this happened, the price of Metaverse coins could explode before and even after the event.