Worst Performing Metaverse Tokens This Week: Internet Computer, Theta Network, SushiSwap Gives Their Worst Performance

Metaverse Tokens This Week: Yesterday was a great day for investors as most of the jumped up. However, as soon as FED announced the hike in interest rates, the market dipped down within seconds. As a result of which, the charts are painted red. The Metaverse tokens have also been pessimistic this week while reacting to the market.

Sandbox dips by 6.22% in the last 7 days and by 4.06% in the previous 24 hours. Axie Infinity drops by 7.15% in the week, a drop of 5.28% in the day. Decentraland is down by 5.24% in the past 7 days as well as by 3.60% in the past 24 hours.

market cap for Metaverse token stands at 9.477 billion USD. The trading volume is seeing a downfall of 35.36% in the last 24 hours.

The 3 Worst Metaverse Tokens:

Internet Computer (ICP)

Metaverse token, the Internet Computer has seen a shrink of 5.00% in the last 7 days. In the last 24 hours, it has been down by 4.51%. The market cap currently stands at 1.263 billion USD. Trading volume is down by 12.25%. Each ICP token is costing 3.99 USD. Source: coinmarketcap

Theta Network (THETA)

Theta Network falls by 4.02% this week, and by 2.64% in the last 24 hours. Presently, the market cap for this Metaverse token is at 825.360 million USD. Each THETA token is at 0.8262 USD. As a result, trading volume has also cut by 24.81% over the last day. Source: coinmarketcap

SushiSwap (SUSHI)

The market cap is currently at 247.296 million USD,  a slash of 5.81% in the last 7 days. As of the last 24 hours, it has dipped by 3.35%. Trading volume has seen a downfall of 15.08% in the last 24 hours. Each SUSHI token is available for 1.11 USD. Source: coinmarketcap

Conclusion

The decision by the FED has led to the continuation of momentum. The entire market has gone down, and so did the Metaverse tokens. This might continue for a little longer considering the statement of a further increase in rates.