Decentraland gains amid Apple metaverse debut hopes

Although the sentiment of the cryptocurrency market is mostly weak today, the altcoin Decentraland (MANA) linked to the online metaverse game of the same name is recording gains today. According to reports published via Twitter and industry portals, among others, Apple (APPL.US) reportedly may be considering launching an augmented reality 'AR' headset,

• Another tech giant's involvement in VR/AR technology could improve speculative sentiment around metaverse-related cryptocurrencies, which include Decentraland. All of them have been trading at euphoric highs on the wave of Facebook's rebranding of Meta Platforms.
• In the other hand speculators see that Decentraland game is not very popular and have only few thousands of daily users. That doesn't coincides i with almost $1 bln Dcentraland market cap;
• An article in Tom's Guide points to potential plans to enter the VR/AR market with a device called the Apple Reality Pro. However, an official announcement from Apple regarding VR/AR is still lacking although speculation points to WWDC 2023 as a possible date for a statement on the company's involvement in the metaverse trend,

Decentraland, H4 interval. The price is rising despite Bitcoin's weakness. The bulls have overcome the 61.8 and 71.6 Fibonacci retracement, which may open the way for a test of the SMA200 (red line). Currently, supply is again testing the of 61.8 Fibo level zone and possible demand reaction may precede a further rise in price. On the other hand, however, a drop below it may suggest that the rebound does not have a strong enough foundation. Source: xStation5