Since 2021, the hot spots of the yuan universe have basically disappeared by the end of 2022. The top new projects in the space field, Decentraland and The Sandbox, have lost 95% of their total market value. The most important reason for the decrease is the insufficient user growth

Even so, the meta-universe narrative has not yet declined, and will also develop steadily. It is reported that Apple will release its virtual reality device in the spring of 2023. The announcement also played a positive role in promoting the MANA of Decentraland and the SAND of The Sandbox, resulting in a double-digit price surge.

Although some data show that the proactive sales volume is applicable to the pump, the weak fundamentals of the metaverse service platform and the hot market indicators indicate that the price pump is likely to reverse rapidly.

Apple pumps and data archiving

Facebook (Meta)'s involvement in the metauniverse is one of the most important metal catalysts for the metauniverse token. The business philosophy of Decentraland and The Sandbox is that the decentralized metauniverse will be more prosperous than Meta's decentralized version number.

However, this technology has not been popularized among the public. In 2022, the proportion of VR customers among Steam game players was less than 2%, and their demand had not increased in the past few years. This will make the choice of this method disturbing, because the game market is the first field to choose this method.

This method has an essential problem, that is, VR mobile phone headset is not suitable for long-term use. Research shows that long-term use of earphones causes psychological problems.

Apple's recent VR news report caused the rise of the yuan universe token, but it does not necessarily represent the success of such a project. Samsung and Oculus of Meta Group have already launched machines and equipment in the market, which has caused people to wonder about the potential harm of Apple's new devices to VR application.

Awkward application data information limits the fact that the yuan universe token is rising

It can be said that when Facebook changed its name to Meta, the happy attitude of the metauniverse reached its peak in the last quarter of the same year. However, the usage statistics of the two most popular Meta Universe service platforms, Sandbox Game and Decentraland, were flat in the whole process of price rise. At the peak of the two platforms, the only active wallet (UAW) interacting with the blockchain smart contract is less than 5000.

Since then, the demand has fallen further, with less than 1000 drones per day, reflecting a poor basic.

In addition, although the price of tokens has increased, since the last quarter of 2022, the market sales of non-transferable modern coins of sandbox game land have not improved significantly due to the similar price and total amount. This once again proves that the activities on all platforms are flat.

Token diluent risk still exists

Decentraland is also on the debtor list of Genesis, which announced bankruptcy last week. According to the documents of the People's Court, the bankrupt loan company owed Decentraland US $55 million.

However, according to Decentraland's Discord, Genesis only owed 7.8 million US dollars. A community spokesman added, "The Ministry of Finance of the People's Republic of China keeps healthy, and the bank credit line is not equal to a large part of the Ministry of Finance of the People's Republic of China."

The issue of Genesis 1 has long been widely known; Therefore, the organization may have solved this problem. However, this will seriously affect the growth of its ecosystem, which was not large at the beginning.

On the other hand, by the end of the third quarter of 2024, the SAND token was exposed to dilution risk due to its monthly opening. If the market situation does not improve, some investors are likely to focus on selling some of their tokens.

Although there are some defects, as long as this method is likely to become a part of the future, the sales market will continue to appreciate the pioneers in this field. The key is that the long-term corporate vision may not be able to maintain a rebound in the short to medium term.

After several days of low fluctuation, it suddenly soared, causing the relative strength index (RSI) index value to exceed the temperature reading value. Such things are more and more interesting, because the price has been under the resistance of the FTX crash zone.

According to Nansen data, the foreign exchange injection of MANA and SAND was US $8.4 million and US $12.6 million respectively. This shows that more investors turn to sell rather than buy to achieve positive improvement.

Even so, as reported by the analysis of the data of Santiment, the recent rise of MANA is supported by healthy life trading volume, which will be encouraging for customers. However, MANA/USD must clear the resistance and support area of US $0.735 before it can rise.

The similar trading setting of SAND shows that the resistance of the token is about US $0.93. If customers capture this level for metaverse tokens, we can predict that the increase will continue. However, according to the stock fundamentals and short-term risk, the price is unlikely to increase resistance