Nicholas Merten: Metaverse Will Be The Best Performer Going Into 2022

According to a prominent crypto market analyst and trader, Nicholas Merten, metaverse projects are likely to outperform the rest of the crypto market as the new year approaches.

In a recent video, Merten shared with the 487,000 subscribers on his YouTube channel that he’s closely following the Metaverse Index against Wrapped Ether (MVI/WETH) as a proxy of the crypto sector’s performance against the Ethereum (ETH). 

“We’ve seen here that overall, the metaverse is one of the few key sectors that’s actually continuously, over the past couple months or really the last second half of the year, outpacing Ethereum. 

That’s the kind of stuff that I want to look for as an investor. That’s the kind of stuff I want to buy into on a discount, and we can see that every time we get nice pullbacks here, we build the base, we start moving higher.”

The Metaverse Index (MVI) is a basket of leading tokens in the metaverse sector within one trading instrument. The analyst says that buying the MVI is a great way to get exposure to metaverse assets.

At the time of writing, MVI is trading at $233, down 0.8% on the daily chart.

The analyst, in addition to metaverse, is also bullish on decentralized finance (DeFi) and non-fungible tokens (NFT). 

“I think the metaverse is definitely number one. Second off here would probably be on par with DeFi, NFTs. All three of which I think have a pretty substantial chance especially even against Ethereum to potentially keep up or perform just as well. It’s good to have diversification no matter what but place your bets more leaning towards what you believe.”