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

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Orange colored rocket rising to the top between hot air balloons. (3d render)

Decentraland (MANA) is currently ahead of the rest of the crypto market after posting near double-digit gains in the past day. This incredible rally comes at a time when the broader crypto market is following Bitcoin’s footsteps and losing most of its Q1 gains. So, what could be causing MANA’s price increase?

Apple Metaverse Rumors Circulate

Rumors about Apple’s own metaverse started circulating on Monday when a Twitter user posted about it. In the tweet, Idi Wertheimer pointed out that tech giant Apple has reportedly launched its own mixed reality headset. As a result, Wertheimer thinks metaverse coins will start pumping based on this news.

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CT is completely oblivious to the fact that Apple is about to launch a mixed reality headset in 3 weeks

Metaverse Shitcoins Will Pump So Hard It’s Not Even Funny

But you morons keep buying influence coins

All right

Udi Wertheimer (@udiWertheimer) May 15, 2023

Rumors of Apple working on its own metaverse haven’t just begun, as it’s since been speculated that the company will be building one to compete with the Metas (formerly Facebook) Oculus series. However, Apple has never confirmed or denied if it is working on its own metaverse.

Research on our end revealed an article from a website called Toms Guide that points to the tech giants’ plans to enter the virtual and augmented reality space. But instead of the expected Apple Glasses, the article refers to a brand new device that is rumored to be called Reality Pro.

While Apple fans have long awaited the launch of VR/AR devices, venturing into the industry has not been internally supported from all indications. Previously, executives reportedly vetoed the design team who felt 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 Surpasses $0.5 | Source: MANAUSD on TradingView.com Decentraland (MANA) is gaining momentum

With rumors of Apple launching its own metaverse selection, the price of MANA, one of the biggest metaverse projects in the crypto space, has seen positive reversals. Despite weak market momentum, MANA was able to rise over 9% in the past day. This recovery brought the price of MANA back above $0.5 and its trading volume also surged to $161.4 million during this time.

MANA Leads Crypto Market Gains | Source: Coinmarketcap

MANA is not the only token to have benefited from Apple rumors. Another metaverse token The Sandbox (SAND) also rose. SAND is up 3.98% in the past 24 hours, allowing it to beat resistance at the $5.2 level.

The Apple device is rumored to drop during the WWDC 2023 event to be held later this year. If this happens, the price of Metaverse Coins could explode before the event, as well as after.

Follow Best Owie on Twitter for market news, updates, and the occasional funny tweet Featured Image from iStock, chart from TradingView.com

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