Facebook Metaverse FACEMETA Token Rally Over 50 percent
Rancakmedia.com – Facebook Metaverse FACEMETA Capitalizing on Facebook's Popularity, Social network giant Facebook turns to Meta in an attempt to join the metaverse marketplace.
However, other developers are already taking advantage of development to promote their currency. The bitcoin market has been underperforming in recent weeks.
However, certain currencies have performed well over the past few days. FACEMETA, the native token of Facebook's Metaverse project, has jumped more than 50 percent over the last 24 hours.
The project bears the name of social media giant Facebook and recently ventured into the metaverse to attract investors.
Facebook Metaverse is a Binance Smart Chain (BSC) project that is primarily a task-based play and win paradigm.
According to the developer, investors who hold a certain amount of FACEMETA tokens are eligible to play in the game.
The mission aspect of the game, according to the developer, is meant to extend the time spent playing the game and incorporate new tasks.
Facebook's Metaverse project is not synonymous with social media giant Meta. However, he has used his fame to promote his projects.
FACEMETA Metaverse Facebook Rally
FACEMETA token is one of the best players in the market over the last 24 hours. The currency jumped about 56 percent to hit an all-time high of $0.00000001337 a few hours ago.
The rally came despite the underperforming broader cryptocurrency, with Bitcoin still suffering below the $50k threshold.
However, FACEMETA's rally has slowed over the last few hours and is trading at $0.00000000785 at press time. The rally may be driven by speculators rather than real investors.
As a result of the sharp drop in price over the last few hours, some investors may have decided to liquidate their holdings in the project.
There's no clear indication of how the project will go from here. However, with bears still reigning supreme, Facebook's FACEMETA Metaverse may soon post additional losses.
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Conclusion:
Facebook's FACEMETA Metaverse, the native token of Facebook's Metaverse project, has jumped more than 50 percent over the last 24 hours.
The currency jumped about 56 percent to hit an all-time high of $0.00000001337 a few hours ago. The rally came despite the underperforming broader cryptocurrency, with Bitcoin still suffering below the $50k threshold.
