Internet Computer, Theta Network, SushiSwap Gives Their Worst Performance

Metaverse Tokens This Week: Yesterday was a great day for investors as most of the crypto tokens jumped up. However, as soon as FED announced the hike in interest rates, the market dipped down within seconds. As a result of which, the charts are painted red. The Metaverse tokens have also been pessimistic this week while reacting to the market.

The Sandbox dips by 6.22% in the last 7 days and by 4.06% in the previous 24 hours. Axie Infinity drops by 7.15% in the week, a drop of 5.28% in the day. Decentraland is down by 5.24% in the past 7 days as well as by 3.60% in the past 24 hours.

The market cap for Metaverse token stands at 9.477 billion USD. The trading volume is seeing a downfall of 35.36% in the last 24 hours.

The 3 Worst Metaverse Tokens:

Internet Computer (ICP)

Metaverse token, the Internet Computer has seen a shrink of 5.00% in the last 7 days. In the last 24 hours, it has been down by 4.51%. The market cap currently stands at 1.263 billion USD. Trading volume is down by 12.25%. Each ICP token is costing 3.99 USD.

Source: coinmarketcap

Theta Network (THETA)

Theta Network falls by 4.02% this week, and by 2.64% in the last 24 hours. Presently, the market cap for this Metaverse token is at 825.360 million USD. Each THETA token is at 0.8262 USD. As a result, trading volume has also cut by 24.81% over the last day.

Source: coinmarketcap

SushiSwap (SUSHI)

The market cap is currently at 247.296 million USD,  a slash of 5.81% in the last 7 days. As of the last 24 hours, it has dipped by 3.35%. Trading volume has seen a downfall of 15.08% in the last 24 hours. Each SUSHI token is available for 1.11 USD.

Source: coinmarketcap

Conclusion

The decision by the FED has led to the continuation of bearish momentum. The entire market has gone down, and so did the Metaverse tokens. This might continue for a little longer considering the statement of a further increase in rates.

Shourya is a crypto fanatic who has developed interest in Business Journalism in the past few years. Currently, working as a writer with Coingape, Shourya is also an avid reader. Apart from writing, you can find her attending poetry shows, exploring cafes and watching cricket. As she says, “dogs are my home,” her first rescue of a dog was at the age of 7! She has constantly been speaking up for mental health and the rainbow pride.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.