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.
Well, everything that are in hype right now will probably fade away and lose their value after some time. Of course, this is not just for metaverse but definitely for all that experiencing hype right now. But the good thing about this metaverse, those who have taken advantage in its early days are now experiencing profits. However, when it comes to its projects, until now they have not proven their value in the market so might as well, these projects are just the same with the old shitcoins and meme coins who have never experienced their best days in the market because they suddenly disappear.