Apple

Read

Shiba Inu

<p class="is-style-lead">The metaverse token market has witnessed a surge in value, with various metaverse tokens experiencing notable gains ranging from a solid 2% to an astounding 28%.</p>



<p>As the excitement around these meme coins intensifies, a tweet from CoinGecko has drawn attention to a comparison between the metaverse token surge and the much-anticipated unveiling of Apple&#8217;s AR/VR headset.</p>



<h2 class="wp-block-heading" id="metaverse-coins-trending-upwards">Metaverse coins trending upwards</h2>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Metaverse?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Metaverse</a> tokens are on the rise this week amid rumors about Apple&#39;s new AR/VR headset 🎧<br><br>Got your eyes of any of these coins?<a href="https://t.co/bHqPPKWLk7" target="_blank">https://t.co/bHqPPKWLk7</a> <a href="https://t.co/FPl0854ZPa" target="_blank">pic.twitter.com/FPl0854ZPa</a></p>&mdash; CoinGecko (@coingecko) <a href="https://twitter.com/coingecko/status/1659026084195864576?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">May 18, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<p>ICP is among these top gainers with a 2.3% increase in the last 7 days. developed by the Swiss nonprofit organization Dfinity Foundation, has set out on the mission to replace the centralized internet that dominates today&#8217;s digital landscape. </p>



<p>Launched in May 2021, ICP aims to provide users with a decentralized, open-source alternative and has since made headlines as the biggest gainer and loser throughout the last couple of months.</p>



<div class="cn-block-related-link">

    <svg class="cn-block-related-link__icon icon" aria-hidden="true">
        <use xlink:href="#icon-bookmark"></use>
    </svg>

    
        <span class="cn-block-related-link__prefix">
            You might also like:
        </span>

    
    
        <a href="https://crypto.news/hong-kong-launches-pilot-cbdc-program/" class="cn-block-related-link__link">
            Hong Kong launches pilot CBDC program        </a>

    
</div>


<p>Sandbox (SAND) is another token on the trend upwards, with reports of a 4.6% increase in the last 7 days. The project is similar to Decentraland&#8217;s MANA, with SAND tokens can be earned and spent within The Sandbox, creating an immersive economic system. </p>



<p>According to recent news, the metaverse is still in its early stages with reports of the price struggling earlier this year.</p>



<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Apple VR Release Date and Price - COMING IN 30 DAYS!" width="1020" height="574" src="https://www.youtube.com/embed/jtcW4PGFOZ8?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
</div></figure>



<p>However, the biggest gainer on the list Render network saw 28.5% increase in the last 7 days. </p>



<p>The platform envisions a decentralized network of computers that serves as a valuable resource for entities seeking high-performance computing services akin to specialized mercenaries, with a primary focus on delivering rendering power that surpasses the capabilities of local systems.</p>



<h2 class="wp-block-heading" id="apple-s-entrance-into-the-metaverse">Apple’s entrance into the metaverse&nbsp;</h2>



<p>At the same time as these gains occurred, news around Apple’s AR/VR release also came to light.</p>



<p>Palmer Luckey, the founder of Oculus who left the company in 2017, shared a Tweet on May 14 about the upcoming Apple XR headset, which is expected to be unveiled at its Worldwide Developers Conference (WWDC) next month. In his tweet he shares that the product is “so good”.</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">The Apple headset is so good.</p>&mdash; Palmer Luckey (@PalmerLuckey) <a href="https://twitter.com/PalmerLuckey/status/1657828947877560323?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">May 14, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<p>In a journey that commenced in 2015, Apple&#8217;s exploration into the world of headsets gained traction. </p>



<p>Utilizing established products like Samsung&#8217;s Gear VR and the HTC Vive as stepping stones, the tech giant embarked on a series of trials and experiments, showcasing prototypes to high-ranking executives and board members.</p>



<div class="cn-block-related-link">

    <svg class="cn-block-related-link__icon icon" aria-hidden="true">
        <use xlink:href="#icon-bookmark"></use>
    </svg>

    
        <span class="cn-block-related-link__prefix">
            Read more:
        </span>

    
    
        <a href="https://crypto.news/shiba-inu-price-drops-to-a-5-month-low-as-the-burn-rate-falls/" class="cn-block-related-link__link">
            Shiba Inu price drops to a 5-month low as the burn rate falls        </a>

    
</div>

CoinGecko says Apple’s AR/VR announcement pushes metaverse token interest

Table of Contents

crypto.news

Other articles published on May 18, 2023

Tether and KriptonMarket Collaborate to Empower Small Businesses in Argentina

Dogelon Mars Price Prediction 2023-2032: Is ELON a Good Investment?

U.S. Crypto Regulations Purposefully Muddled, Claims Ripple CEO

SEC Hinman Docs Potential Release by June 6, Alongside Ripple’s Acquisition of Swiss Custody Firm...

Bitcoin Pushes Past $27K, Render (RNDR) Explodes 20% Daily: Market Watch

CryptoSlate wMarket Update: XRP leads large caps as market recovers recent losses

Join our free newsletter for daily crypto updates!