$HIGH Takes a Bigger Dive Than the Metaverse!๐คข
HIGH has been on a rough ride the past two days, dropping significantly after reaching a weekly high of $9.77. Right now, it's trading around $4.46, and here's the kicker: it's seen the biggest price drop in the Metaverse sector over the past 24 hours, plummeting over 30%! ๐ฅถ
What's causing the drama? ๐
A few things could be at play: ๐ป๐
โ๏ธ Overall Market Blahs: The general crypto market isn't exactly setting the world on fire, and that can drag individual tokens down.
โ๏ธ Upcoming Token Unlock (June 14th): With 2.7 million HIGH tokens about to be unlocked, there might be some selling pressure as more tokens hit the market. ๐ฅ
โ๏ธ Metaverse Mania Cooling Off?: Some folks are wondering if the hype around the metaverse (including NFTs) isn't quite as hot as it was a couple of years ago. ๐According to Binance, NFT market took a bit of a tumble in May. Sales volume dropped a whopping 41% in April to a total of $0.63 billion. This could be another factor impacting HIGH's price. ๐ค๐ค
Even with the drop, #HIGH is still making partnerships and building its ecosystem.๐ฅSo, the future's a bit of a mystery. ๐ค
What do you think, crypto fam? ๐ Is this a temporary blip for HIGH, or something more? Let us know your thoughts in the comments! DYOR! #altcoins