Cryptocurrency’s virtual reality (VR) sector has surged by more than 7.9% over the past 24 hours, according to CryptoSlate data, as investors anticipate Apple’s (AAPL) big VR headset reveal on Monday. Decentraland (MANA) is the largest VR-related token with a market cap just shy of $1 billion, and is up by 5.4% over the past 24 hours. Wilder World (WILD) is the sector’s top gainer for the day, soaring by 18.8% over the past 24 hours. Goldman Sachs noted in a research report last year that Apple is one of two companies leading the way in virtual and augmented reality. A total of $905 million in trading volume has been exercised on metaverse tokens over the past 24 hours, with the group’s overall market cap rising to $8.65 billion.
As investors anticipate the release of Apple’s first major product in a decade, the tech giant’s share price has risen by 7.4% in the past two weeks, a trend that has been matched by virtual reality and metaverse crypto tokens today. Five-dimensional metaverse project Wilder World (WILD) has seen a 119% gain over the past 30 days, while the wider metaverse sector has suffered during the crypto winter, with several assets falling more than 80% from their all-time highs. However, the recent bounce indicates that the tide may be shifting. Apple is expected to mass release a mixed reality headset in Q4 of this year, according to a recent Morgan Stanley investor note.