Analytics on 10th-May massacre
Analytics on 10th-May massacre
The market has been in worst time since last many months. Again, Bitcoin triggered the market fall but it is supported by UST de-peg, free fall of $LUNA and the whole Terra ecosystem.
In order to have an overview about the market, let’s check performance from all categories. Data is from Coingecko, at 1PM UTC+7 10th May 2022.
At least, as of writing, the Metaverse category is amongst the best one, together with Yield Farming, KardiaChain, etc. At the bottom, you can find some categories such as GameFi, Play to Earn, Move to Earn, NFT. This point sheds a light that our vision for the product change is somewhat right.
Now let’s move on to the Metaverse category and see tokens at top and bottom. We make analysis for 24-hr change and 1-week change. Let’s check it out. On top of that you can find $OPEN with -2% and -5% in last 24-hr and 1-week change.
If you are curious on what happened with other tokens in top 100 of Metaverse, check it.
In other categories, as said, their performance is worse. Here we will go quickly with GameFi and Play to Earn.
GameFi looks bad but Play to Earn perform even worse.
We hope that from this overview, you will have a draw list of potential strong projects and make your due diligent research about them.
Remember that this article only gives a snapshot at one point of a specific massacre so categories/ tokens have good or acceptable performance on that day don’t mean that they perform well in other massacres.
Later, when we have time, we will go through a broader analytics on token performance in days Bitcoin has significant falls. Stay tuned!
It’s not our financial advice. Please do your own research and be careful with your decision. Stay safe & protect your capital should be main priority!