Notwithstanding the lackluster phase seen since October, the cryptoverse is holding firm for the year, thanks to the strong performances in the first three quarters of the year.
Bitcoin Retreats, Most Major Cryptos Largely Unchanged: Bitcoin (CRYPTO: BTC), the apex cryptocurrency, is seen reversing its earlier gains and yet is on track to end the year with a gain of about 63%. Bitcoin hit an all-time high of $68,789.63 in early November.
Ethereum (CRYPTO: ETH), the second-most valued crypto, is modestly lower Friday, although it is up about 500% for the year.
Metaverse Coins Flatline: Metaverse-linked cryptocurrencies are trading flat to modestly lower after the year’s stellar gains. Sandbox (CRYPTO: SAND) is holding up, while Decentraland (CRYPTO: MANA), Axie Infinity (CRYPTO: AXS) and Gala (CRYPTO: GALA) are all lower.
The year’s scorecard for these cryptos, which have a wide and frenzied retail following, show gains of 3,550% and 3,300%, respectively. These currencies, however, have pulled back notably from their all-time highs of $0.737567 and $0.000088, respectively.