In recent years, interest in the metaverse, particularly in cryptocurrencies like MANA and SAND, has significantly increased. However, following the market downturn, questions arise about the future of these assets.
State of the Metaverse and MANA
In 2021, the concept of the metaverse was in its early stages, with interest growing despite only a few completed products. Recent advances in artificial intelligence have facilitated the creation of dynamic, constantly evolving virtual spaces. MANA remains a notable digital currency in this sphere, and according to crypto analyst Waleed Ahmet, negative trends may soon weaken.
Experts' Opinions on ETH and BTC
Analysts indicate positive forecasts for Ethereum (ETH) due to a ‘golden cross’ pattern in its chart. The target of $3,100 suggests that ETH might overcome its current bearish tendencies. There are challenges for altcoins that are dependent on Bitcoin's (BTC) market dominance.
Future and Predictions for Cryptocurrencies
According to forecasts, the cryptocurrency market may see a bullish trend in 2024-2025. Despite BTC's potential growth, resistance may be tested again amid unfavorable economic indicators, highlighting the volatility of the crypto market.
In the context of the evolving metaverse, MANA and other cryptocurrencies face many uncertainties. However, positive forecasts and growth potential cannot be overlooked.