The metaverse coin market is seeing increased adoption accompanied by increased institutional investment and new projects. What metaverse projects can make a move while the cryptocurrency market is recovering? Let’s list 3 projects for ready.
Top 3 metaverse coins for high returns in June 2022
ApeCoin (APE)
ApeCoin, creators of Bored Ape Yacht Club, the most successful NFT collection of all time Built by Yuga Labs, Otherside is a metaverse coin that powers the metaverse. On the technical side, it is recovering after a long uptrend.
Currently weekly EMA 8 is just over $10 – setting a possible average reversal playback to retest double digits from current APE price, approx. $6.50. If APE can close a weekly candle back above $12, the next level of resistance is $16. After a close above this, there is little resistance up to the previous ATH level of $28.
Project Galaxy (GAL)
GAL was released in May and has been trading for only three weeks. Its market cap is currently only $156 million. What the project aims to do is to provide a Web3 credential data network for NFTs – this will have an application for the metaverse. For example, in metaverse games, it will allow achievements to be recorded on the Blockchain and better reward players with what they call Galaxy OATs (achievement tokens) within NFT loyalty programs.
On the technical side, the GAL is trading at a discount of 420% from the $19 ATH price. If it retakes this level, its market cap will exceed $1 billion. Given how early the project is in the roadmap, GAL could be a metaverse coin to watch for a high return on investment (ROI).
Gala (GALA)
GALA price represents the entire bull run of $0.09 in November 2021 to $0.84 – a 93x move and 2021’s full bull run. It has pulled back – from its lowest level to more than 120x returns. A day after the May 2022 crypto crash, it jumped over 30% along with several other metaverse coins, suggesting buyers are stepping up to buy the dip.
On the technical side, it is trading in the $0.21 region, which is a good spot to potentially retest the 21 weekly EMA at $0.19 and 0.786 Fib. An altcoin that can lead the industry due to its recognition in the metaverse coin market.
As Kriptokoin.com, we have covered a detailed metaverse article here.
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