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DeFi TVL hits new highs while Metaverse tokens show signs of exhaustion
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Sentiment in the cryptocurrency market is back on the rise on Nov. 29 as the recent dip down into the “extreme fear” zone on the Crypto Fear and Greed Index improved slightly after Bitcoin (BTC) recovered above the $57,000 support, lifting the index higher into the “fear" zone.
Despite the overall “fear” and “extreme fear” sentiments that have been dominating the market since the index began to decrease on Nov. 16, several sub-sectors of the cryptocurrency market, including metaverse-related projects and gaming protocols, have seen breakouts to new all-time highs.
The rapid gains seen in these projects has led to some concern that the metaverse and gaming sectors could see a significant pullback in the short term if traders take profits and
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