Come to think of it, there is no metaverse project that's completed yet, they are all hanging on to their BETA self, if the bear market comes hard this time around I think metaverse coins will dip so much that the hype won't be no more until a project finally have a complete metaverse tech in action.
Why just Metaverse, we can pretty much say that about all the technologies in the crypto space.
Whether it be NFTs, Dapps, DeFis etc... Every platform will have an impact on it and will face the dump.
But I think that now since the market is recovering a little we might not see the bear trend we were anticipating.
If things keep going like this then may be in the next 2-3 months we might get back to the 60k range.
True, maybe it was selected right now because of the hype around it. The latest one in crypto so obviously it will have that kind of marketing and the potential to make huge profits is there.
But we need to be very cautious as well, because if we have to look and study the hype before, like ICO, IDO, IEO, they all just died down after just a couple of years and the investors just chooses to move on the next one that they can make money. So right now it's metaverse, but the condition might be the same with those in the past that once the hype is gone, it can't recover anymore.