Tuesday , 11 June 2024
Home Cryptocurrency Anticipation for Apple’s VR Headset Release Boosts VR Crypto Tokens
Cryptocurrency

Anticipation for Apple’s VR Headset Release Boosts VR Crypto Tokens

The cryptocurrency market related to virtual reality (VR) has seen a surge of almost 8% over the past day. This surge, as reported by CryptoSlate, is linked to traders awaiting Apple's upcoming VR headset release.

Apple Shares and VR Tokens Parallel Rise

Apple’s share price has risen by 7.4% over the last two weeks, mirroring the surge in VR and metaverse cryptocurrencies. This coincides with the lead-up to Apple’s highly anticipated VR headset, the company’s first significant product launch in a decade.

Decentraland Remains Largest VR Token Despite Crypto Market Dip

Decentraland (MANA), the biggest VR-related token, has continued to thrive despite the broader cryptocurrency market losing 1.5% of its value over the last day. With a market capitalization just under $1 billion, MANA has seen a 5.4% increase over the past 24 hours.

Wilder World Records Biggest Gain in VR Crypto Sector

The biggest gainer in the VR crypto sector today is the five-dimensional metaverse project, Wilder World (WILD). The token has shot up by 18.8% over the last 24 hours, a culmination of its impressive 119% growth over the past month.

Apple Identified as Leader in VR and AR Technologies

Apple was identified as a leading company in virtual and augmented reality in a research report by Goldman Sachs last year. Apple is projected to launch a mixed reality headset in the fourth quarter of this year, according to a recent investor note by Morgan Stanley.

Signs of a Metaverse Market Recovery Amid Crypto Winter

The broader metaverse market has struggled during the crypto winter, with many assets plummeting over 80% from their peak values. However, the recent rebound in the VR crypto sector, fueled by the anticipation of Apple’s VR headset release, could signal a potential market shift.

KEY POINTS

Anticipation Builds for Apple’s VR Headset: As Apple prepares for its major VR headset reveal, both its share price and the virtual reality sector of cryptocurrencies have experienced notable growth. This signifies the potential impact of major tech releases on related crypto markets.


VR Tokens Surge Despite Crypto Market Downturn: Even as the broader crypto market loses value, VR-related tokens like Decentraland (MANA) and Wilder World (WILD) are recording significant gains. This suggests a strong investor interest and belief in the future of the virtual and augmented reality space.


Metaverse Market Shows Signs of Revival: Despite a tough “crypto winter,” where many metaverse-related assets fell drastically from their peak, there’s a renewed sense of optimism in the market. The recent surge in VR-related tokens, driven by Apple’s impending VR headset release, hints at a potential shift in the metaverse market landscape.

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