In a recent publication titled the “May 2022 market recap and outlook”, Kraken, a leading cryptocurrency exchange in the United States provided interesting insights into the performance of some metaverse tokens in the month of May.
According to the report, a major highlight for the month of May was the fact that with a YoY return of over 395%, the Metaverse sector significantly outperformed the rest of the market and coins such as Decentraland [MANA], The Sandbox [SAND], Axie Infinity [AXS], ApeCoin [APE], and STEPN [GMT] outshined the rest of the crypto markets.
As this report provides a general insight into the performance of the crypto market and the general web3 space this past month, come along as we take a look.
The king of coins
In its findings, the Kraken exchange reported that the price correction that plagued the cryptocurrency market in April extended into May. According to the report, Bitcoin [BTC] suffered a total of 16% decline in price during the month. This caused...
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