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.
I wish that becomes truth of new world. Right now things are solely based on the war, which is worsening day by day. Its not like the war is happening at one end and we can just ignore it, but its more or less different sanctions on Russia, and then disturbed import export of raw materials.
On the bright side crypto does not seem to be shocked that much. The prices are really soaring up right now and we already broke one resistance for bitcoin. Matter of fact, most of the altcoins follow the footprints of bitcoin and move and down all the time. So for now everything seems under control.
Metaverse, well people went too far in its name. I think NFT's still hold the market in side crypto space, but meta is just too far and its getting developed at wrong timing too.