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Since Facebook/Meta lost $237 billion in market value today, which is the largest one-day loss ever in the market. What does it mean for the Metaverse and crypto coins associated with it?

All Cryptocurrencies

by COINS NEWS 223 Views

Meta also said the augmented and virtual reality business at the heart of its metaverse plans is generating revenue but is unprofitable.

I would expect a price drop in the three following cryptos as they are associated with the meta verse.

-Mana -Sand -AXS

I'm calling it right now, the metaverse will be a big failure. The only reason the metaverse seems so popular is because of the advertisements and the amount of memes. Nobody is going out of their way to buy an Oculus headset for $400 and try to bid on a house to be snoop doggs neighbors.

Facebook is losing 1 million users daily. It's very possible that the Facebook Era goes downhill from here on out.

submitted by /u/lam4_
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