With the launch of Facebook’s Meta, metaverse coin projects became the hottest trend in the cryptocurrency market. MANA, AXS and SAND have reached billion dollar market capitalization with millions of players. In this article, let’s take a look at the 5 metaverse coins that can be tracked in April from the list of analysts.
5 metaverse coins to be on April’s radar
In their recent analysis, TechDev tells 380,100 Twitter followers that Decentraland is currently trading in a long ascending channel on the weekly chart:
MANA, it has one of the cleanest channels with a clear repeating structure.
Looking at the chart, TechDev predicts an astonishing 730% rally for MANA in the coming months. Next up is Zilliqa, a Blockchain for enterprise solutions. According to TechDev, ZIL is correcting around $0.09 before starting a major rally above $1.10.
TechDev’s forecast is based on Elliott Wave theory, a technical analysis approach that predicts future price action by following the psychology of market participants, which tends to manifest in waves. According to TechDev’s chart, ZIL is currently in the middle of its fifth and final wave.
Benjamin Cowen updates Chainlink (LINK) forecasts
In a new video, Benjamin Cowen, whose analysis we share with Cryptokoin.com, is looking at the 50-week moving average as a potential short-term target for LINK:
I would actually argue that breaking above the 50-week MA might be a little more impressive. This actually comes in at $24 right now, and this is where we were last denied in January of 2022. If LINK makes a nice push up, let’s say around 35%, then we’ll be at the 50-week moving average and then competing with the area where we’ve only been rejected by a few people.
Cowen is also looking at Chainlink in Ethereum pair (LINK/ETH) to gauge the strength of LINK…
LINK/ETH valuation is trying to double bottom, but it could be a little lower to break above the bull market support band, basically as it was in January 2022.
Analysts focus on these 2 metaverse coin projects
Crypto analysts think that Axie Infinity (AXS) and Enjin Coin (ENJ) from the leading crypto exchange Binance list should be followed closely in April. Axie Infinity is the largest play-to-win game by market cap and is home to over 2.6 million players.
Enjin Coin (ENJ), Blockchain platform that enables tokenization of in-game items of Ethereum-based play-to-win games. At current levels, trading at $1.79, ENJ is up 36% over the past 30 days.
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