While altcoins showed bearish momentum this week, metaverse coin projects started an uptrend. Analysts believe Decentraland (MANA), ApeCoin (APE), Axie Infinity (AXS) and The Sandbox (SAND) have long-term potential.
“MANA, APE, AXS and SAND are getting ready for a comeback”
As we reported as Kriptokoin.com, metaverse coin projects made a comeback despite the downward momentum in altcoins last week. MANA, APE, AXS and SAND are among the most traded metaverse tokens with increasing adoption among investors.
Crypto markets experienced bearish momentum last week, but analysts note an increase in adoption of metaverse coin projects. Analysts state that, of the hundreds of metaverse tokens, Decentraland (MANA), ApeCoin (APE), Axie Infinity (AXS) and Sandbox (SAND) are the most traded assets.
Analysts argue that MANA, APE, AXS and SAND are the most traded tokens to watch out for in April 2022. Its supporters think there is some hype among investors that is causing an increase in adoption of metaverse tokens.
Decentraland was launched in February 2020 and since its launch, MANA has exceeded $4.3 billion. There was a spike in the flow of institutional capital to MANA with the sale of virtual real estate in the token’s metadatabase.
Analysts’ reviews of metaverse coin projects
MANA has one of the highest trading volumes among metaverse tokens. BlueCrypto, a prominent crypto analyst and trader, believes that the MANA price has broken out in a symmetrical triangle pattern and states that MANA is on its way out:
Fans have witnessed a huge hpye around APE, a metaverse and NFT token that was released relatively recently. APE is currently a utility token for the management of the ApeCoin foundation.
Analysts have evaluated the ApeCoin price trend and a crypto analyst alias AltcoinSherpa expects the NFT token to drop to the $9 levels before continuing the uptrend.
Analysts believe Axie Infinity has recently entered a downtrend and Analysts predict a trend reversal. AXS price is down about 14% last week. However, analysts believe that the metaverse coin project is on the way to recovery. Crypto data aggregator CoinGecko reveals that MANA, APE, AXS and SAND are the most traded metaverse tokens as on-chain activity in these digital assets increases.
A crypto analyst by the nickname BTC_91 has observed a bullish flag on the weekly chart of Sandbox. The analyst considers this pattern to be the best positive confirmation sign after a weekly close above $4.2.
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