Metaverse Projects Rally After Facebook’s “Meta” Rebrand – November 1

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$61,953

Bitcoin price has begun the week just under the $62,000 mark, after a weekend of relatively low volatility.

Top-20 altcoins have performed well over the last 24 hours of trading, as Ethereum gains 3%, Solana rallies 10% and Shiba Inu recovers 13%.

Top Stories for November 1, 2021 🔥

👉 Metaverse Projects Rally After Facebook’s “Meta” Rebrand

Cryptocurrency tokens connected to Metaverse projects have rallied following Facebook’s rebrand to “Meta”, as the sector gains a new wave of global attention.

Facebook made the announcement at their digital event, Connect 21, via a presentation that was over an hour long.

Decentraland’s MANA token in particular attracted a 49% gain price gain within a day after the announcement. MANA powers the project’s virtual world.

👉 Burger King To Give Away Crypto Via Robinhood Partnership

Burger King will be giving away cryptocurrency to US loyalty program customers, when they spend more than $5 via the Burger King app.

The rewards are being facilitated via a partnership with retail trading platform Robinhood, which will see the fast food chain give away a total of 20 Bitcoin, 20 Ether and 2 million Dogecoin.

👉 Justin Sun Withdraws Billions From DeFi Protocol Aave

Justin Sun, the founder of the Tron blockchain, has withdrawn billions of dollars in liquidity from Aave, a major DeFi project.

There has been speculation that the withdrawal was made as.a result of unproven rumors that there is a vulnerability in Aave’s smart contracts.