In a mixed week for the cryptocurrency market, Mark Zuckerberg officialized important changes in his organization, which could bring what we knew as Facebook Inc. closer to the blockchain world.

Last Wednesday a piece of news was confirmed which could mark the beginning of a new era beyond the world of social networks. Mark Zuckerberg, CEO of what we used to know as Facebook Inc., announced that the company would change its name 17 years after its creation. The new name of the company is Meta, referring to the word “metaverse” (metaverse), and it seeks to become an ecosystem that provides a better multi-channel communication tool. This information was not going to go unnoticed in the world of cryptocurrencies, since Descentraland (MANA), as well as other tokens with projects related to the development of metaverses, increased their value significantly. The value of MANA soared more than 340% in less than a week, reaching a price of $ 4.94 on October 30 (new all-time high).

Other tokens related to the creation of metaverses had exorbitant growth, such as SAND (The Sandbox), rising more than 175%; and Enjin Coin (ENJ), which grew 71%. In other news, the meme coin of the moment, Shiba Inu, reached all-time highs last week, growing more than 140%, with a maximum value of $ 0.00008800. The petition on the Change.org platform for its implementation in Robinhood, which was mentioned in last week’s blog, has exceeded 457,227 signatures. Bitcoin is above $ 61,000 bouncing off a rather interesting support zone as it has failed to define below $ 60,000. Let’s wait to see its behavior in the area of $ 63,000, which has been difficult to break after the generation of the all-time high. For its part, Ethereum is above $ 4,300, showing bullish strength rejecting bearish movements near $ 4,100. Will the bullish momentum help it to reach a new all-time high? Thanks to the Zuckerberg announcement, MANA is currently trading above $ 3, with a new all-time high that reached almost $ 5. Let’s see if after that pullback we can see those historic levels again for one of the largest metaverse projects in the blockchain world. There is no doubt that high-impact technological advances are coming to our society, which could significantly adopt the use of cryptocurrencies, so you always have to try to invest in valuable assets and not panic in the face of adverse movements. Without further ado, we wish you an amazing week.