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MANA Touches New High As Analyst Says Chasing Metaverse Tokens Now Is 'Gambling'

MANA Touches New High As Analyst Says Chasing Metaverse Tokens Now Is 'Gambling'

KEY POINTS

  • SAND token hit a new all-time high of $8.44
  • CRO and MANA also hit new ATHs of $0.9698 and $5.48, respectively
  • Investing in metaverse tokens now is gambling: Analyst Michaël van de Poppe

MANA hit an all-time high at $5.48 Wednesday even as analysts warn that investing further in metaverse tokens is a gamble. Metaverse tokens have seen prices zoom in double-digit percentages this month, taking them to new all-time highs.

Michaël van de Poppe, a well known analyst says that investing in CRO, MANA, or SAND tokens is synonymous with "gambling."  He is also the CEO and founder of crypto consultation firm Eight Global. 

MANA hit the all-time high after the sale of the largest metaverse land, valued at around 618,000 MANA tokens, or $2,428,740 at the time of sale. This historical milestone set by the metaverse platform attracted the attention of various investors.