OVR Coin Price Soared Over 46%, Tops the Top Gainer Spot

Pathik Bhattacharya
Pathik Bhattacharya
Published on May 22, 2023 09:43 PM

OVR coin topped the crypto price gainer's list on Monday moving with the recent metaverse hype.

OVR Coin Price Soared Over 46%
Source: Unsplash

Metaverse tokens just boosted simultaneously with memecoin frenzy after Apple Inc. was rumoured to enter the Metaverse space recently. OVR or Over the Reality becomes one of the latest buzz in the Metaverse industry. 

On Monday, when the Crypto market along with Bitcoin experienced a low trading volume with most of the tokens proceeding with a declining trend, $OVR came out of the box and surged more than 46% in 24 Hours topping the crypto gainer's list on most of the exchanges.

The bull run which started on Saturday made its way through Monday and still rising as more and more investors are getting into the Metaverse token. Let's discuss why the OVR coin is surging leading to a massive jump of 111% in 7 days.

Apple's Entry in Metaverse Possibly Thrusting OVR Coin

The recent surge not only for OVR coin but most of the metaverse tokens is led by a rumour that Apple is expected to launch metaverse products to increase the user experience in the already existing virtual space.

According to trademark filings, Apple appears to have filed for its first mixed-reality operating system, dubbed xrOS. The trademark was discovered by a Twitter user who shared images of the New Zealand Intellectual Property Office file.

From the typeface to the capitalised "OS" letters at the end, the picture looks to follow the same structure as Apple's iOS operating system in the snapshot.

Bloomberg first reported in December that Apple was trademarking xrOS, citing "people with knowledge of the matter" and noting that the operating system will support both virtual and augmented reality. An Apple spokeswoman headquartered in Cupertino, California, declined to comment on the rumour at the time.

Additionally, the OVR developers recently launched an SDK upgrade on its platform. This 'game-changing' SDK release comes with OVER. With a variety of Unity capabilities and a node-based framework that allows you to construct new experiences without scripting, content creation in OVER has never been more sophisticated or exciting.

All these microeconomic events affected the OVR coin prices and lead to the half-century per cent rise.

OVR Coin Price Analysis

At the press time, Ovr (OVR) is trading at $0.587493 with a 24-hour trading volume of $3,880,312. This is a 46.42% rise in the previous 24 hours and a 111.32% increase in the last 7 days. OVR has a market worth of $30,119,102 and a circulating supply of 51 million OVR.

Looking at the OVR coin chart, the uptrend looks very strong and bullish leading to extreme price volatility. The Moving Average ribbon looks bullish as the trading price is much higher than any MA line.

The 14-day RSI is at 91 which generally indicates high price fluctuations and an overbought zone. The chances of falling back to the 60 mark are high as short-term profit makers probably leave the market after squaring off their profits. The MACD is also looking very bullish and still making peak green histograms.

ovr price chart

Source: TradingView

About OVR Coin

OVER is a one-of-a-kind augmented reality metaverse where creators and companies collaborate to fill the future generation of the Internet. OVER is a seamless fusion of the actual and virtual worlds. It uses our present online experience to create immersive three-dimensional wonders that can exist everywhere and at any time. The physical environment is transformed into a realm with limitless potential for play, socialising, and business.

Furthermore, because OVER is based on the Ethereum and Polygon blockchains, creators and businesses control and monetize the experiences they provide to the OVER ecosystem. 


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