It had been a while for Facebook (META) as it had been aiming to get approval for launching a cryptocurrency. However, Facebook never earned the opportunity to do it as it faced strong resistance from the US Securities and Exchange Commission.
Facebook had made a lot of investment with an aim of launching its own global currency “Libra – diem”. However, the strong resistance from the US regulators restricted it from bringing its global currency project close to commercialization.
Now, Facebook (META) has found a new way of making its presence known in the world of digital currencies. Facebook had recently announced that it was in the process of adopting a new kind of technology known as the metaverse.
By doing this, Facebook was aiming to change its attention and orientation. This is exactly what Facebook did when it changed its name to “Meta” back on October 28, 2021.
Facebook revealed that it was ready to set its foot into a new sector known as the metaverse. Finally, Facebook has fulfilled its claim and it has launched its own metaverse token. The name of the particular token is Facebook Metaverse (FACEMETA).
Facebook had unveiled that it was working on a metaverse project and it was going to shock its users with the launch of the platform. Finally, Facebook has done it by launching its metaverse world for the gamers, where the users will be able to use the FACEMETA tokens.
The users will be able to use the particular tokens in order to buy in-game content and interact with different worlds within the game. With this, Facebook aims to provide something completely new and innovative to its users and increase the scope of its service provision.
The data from TradingView shows that the particular token was launched on December 14, 2021. At the time of launch, FACEMETA’s price was at $0.0000000026 per FACEMETA. From the time of launch until now, FACEMETA’s price has reached 0.00000004312 per FACEMETA.
This shows that from December 14, 2021, until now, FACEMETA’s price has surged by 1,658.46%. Even in the past 24-hours, FACEMETA has experienced a 254.29% surge in its price.
At the time of writing, FACEMETA’s trading volume has reached 6,140,796 and it has also experienced a 385.68% surge in the past 24-hours. The high performance for the FACEMETA token has helped it achieve a valuation that is worth $42,938,661.
The constant surge in FACEMETA’s price shows that the token has been well-received by Facebook as well as the cryptocurrency users. As of now, the investors are bullish in terms of FACEMETA’s price, and being a token from the metaverse sector is also helping it.
Even the RSI for FACEMETA is currently in the upward (bullish) trend, so there’s strong support from the bulls in the upcoming days.