According to Bloomberg’s January 23rd report, Apple is set to release virtual reality (VR) devices later this year, which has sparked speculation about the potential impact on the cryptocurrency market.
In particular, Decentraland (MANA) investors are keeping a close eye on the developments, as the Decentraland project is built around a virtual reality experience and its token is on the Ethereum blockchain.
MANA has been performing well in the market lately, with a 118.49% value increase in the last 30 days. Some analysts are optimistic that the incoming VR launch could drive the price of MANA even higher.
The Exponential Moving Average (EMA) on the daily timeframe indicates that the token could see long-term growth, as the 200 EMA is positioned over both the 20 and 50 EMAs.
However, it’s important to note that there is no guarantee that the launch of Apple’s VR devices will have a positive impact on the price of MANA.
Other tech firms like Meta, led by Mark Zuckerberg, are also working on VR products, but there have been no notable breakthroughs from their end that could benefit metaverse tokens.
MANA’s recent upticks in price have also been attributed to its high trading volume, with several billion dollars in trading volume recorded during the period.
While there is no way to be sure, it’s possible that the launch of Apple’s VR devices could lead to increased adoption of virtual reality and, in turn
