Metaverse Crypto Tops Bitcoin Gains This Year, Macro Hive Says

A hypothetical iteration of the internet called the metaverse appears to be the hottest trend in cryptocurrencies this year, beating even the world’s largest digital asset.

That’s what U.K.-based research firm Macro Hive’s crypto indexes show, with meta-related coins up 37,000% this year compared to Bitcoin’s nearly 100% gain. They also show the growing performance gap between Bitcoin and still-proliferating alternative tokens.

“The clear outperformer this year has been the metaverse,” Macro Hive’s team including Dalvir Mandara and CEO Bilal Hafeez said in a newsletter published Thursday. “Returns appeared to be turbocharged by Facebook’s decision to rebrand to Meta.”

Credit: Macro Hive

Source: Bloomberg