PARIS, June 14, 2022 /PRNewswire/ — Bitcoin (BTC) has crashed next $21,000, reaching its lowest levels since the end of 2020. BTC, the original cryptocurrency, which is responsible for close to a third of the value of the sector. The cost of a single bitcoin has been slowly falling since early 2022, coupled with a major market correction in the tech sector.
With rising inflation choking off post-pandemic growth on both sides of the Atlantic, coupled with a vague sense that irrational exuberance had led to an overvaluation of tech in general over the past two years, the entire sector began fall. More than $200 billion has been wiped from the entire cryptocurrency market in June 13, 2022. Several leading cryptocurrencies including Ethereum (ETH), Cardano (ADA), Solana (SOL) and Dogecoin (DOGE) even experienced “Larger losses than Bitcoin, dropping 15-25% over the last day and you can count the days of Celsius.” – said the analyst david young.
But the current state of the crypto market can offer very profitable opportunities for investors, because the highest return on investment is generated in a market that is at its lowest point. The current ICO of metabank it is an example of generating growth in a generally shaken sector. metabank (www.metabank.li) is building the first decentralized bank in the Metaverse.
The Metaverse connects the digital and the real world and web 3.0 is the next big thing. Metaverse projects like Decentraland or Sandbox have recently attracted a lot of attention. Based on countercyclical investment principles, now might be the right time to invest your money in solid Metaverse projects – Metabank could offer the optimal Metaverse investment to prepare for the next hype. According to an industry leak, Metabank will open those days in Sandbox.
The founders stated that Metabank will open a Metabank branch in each Metaverse with a franchise system so that “Metabank will be the HSBC of the Metaverse”. Franchisees can open a metabank branch in each Metaverse. An avatar customer service agent will be available at each metabank branch to answer questions from potential customers.
The metabank application is already up and running and generated more than 5,000 users in a few days since its launch. The app provides a virtual Visa or MasterCard credit card, crypto payments and gambling.
But the real game changer is metabank’s peer-to-peer credit feature: users can get a peer-to-peer loan in the Metaverse and spend it wherever they want, even in the real world. Metabank is matching borrowers and lenders on its platform. Borrowers can use the $METAX token as collateral for the loan and this gives the METAX token powerful utility.
Metabank pre-sales are available on the metabank website: app.metabank.li