Since the beginning of the year, most metaverse coins have gained in value. It boosted the confidence of the cryptocurrency market.
The bullish pattern is followed
During this recovery, investors choose the best cryptocurrencies. They also follow the well-known bullish pattern known as a falling wedge.
The current state of the gaming industry can be completely transformed by blockchain-based gaming or GameFi. The most captivating game currently available online, combined with new games currently in development to offer integrated financial rewards.
These 8 predictions have been made for the Metaverse coin
My Neighbor Alice (ALICE)
It is an interactive gaming platform with a thriving and expanding community that provides users with a one-of-a-kind experience. The journey they take as they create their own fully customizable virtual worlds is also fascinating.
cryptocoin.com As we mentioned, the metaverse coin, My Neighbor Alice, at the time of writing, had a price of $1.79, a market value of $74 million, and a 24-hour trading volume of 59% to $67.9 million. At the same time, the circulating supply is approximately 41,468,157 ALICEs.
The Illuvium (ILV) game combines the advantages of blockchain technology with a AAA gaming quality experience. Illuvium wants to create a platform that encourages seamless communication between players from all over the world in a realistic virtual environment.
At the time of this writing, Illuvium’s price was $66.60, its market capitalization was $136 million, and its 24-hour trading volume was down 41.52% and now stands at $20 million. At the same time, the circulating supply is approximately 2,047,914 ILV.
The Sandbox (SAND)
Sandbox, also known as SAND, is a publicly accessible virtual environment that users can create and own. The platform combines the SAND utility token, the marketplace, and the game.
Sandbox’s price at the time of this writing was $0.7224, its market capitalization was $1 billion, and its 24-hour trading volume decreased by 42.81% to $217 million. At the same time, the circulating supply is approximately 1,499,470,108 SAND.
Axie Infinity (AXS)
Users of the blockchain-based Axie Infinity (AXS) game can collect creatures known as Axies. They can also use them to fight other players. Axes can be bought, sold or even produced because each is a separate NFT with market value.
Axie Infinity’s price at the time of this writing was $10.67, its market capitalization was $1 billion, and its 24-hour trading volume was down 31.40%. Now it’s $179 million. At the same time, the circulating supply is approximately 101,043,121 AXS.
A virtual reality game and a metaverse real estate market based on the Ethereum blockchain have been combined in Decentraland. Users can purchase real estate, products and services on the Decentraland platform using MANA, Decentraland’s native cryptocurrency.
Decentraland’s price at the time of this writing was $0.7371, its market capitalization was $1.3 billion, and its 24-hour trading volume was down 55.49%. Now it’s $293 million. At the same time, the circulating supply is approximately 1,855,084,192 MANA.
AVAX price appears to be less affected by the ongoing uncertainty in the market as it continues a strong recovery until the fourth week of 2023. On January 27, the coin price broke out of the $20-19.7 neckline resistance of the rolling lower formation.
Over the past three days, the cryptocurrency price has retested the broken resistance as potential support, and the lower price rejection observed in the daily candle gives clues to the sustainability of the price. Therefore, in the ideal bullish scenario, this pattern break should lead the price to rise 51% to $30. Conversely, a break below $20-19.7 will encourage price correction.
On January 14, Polkadot price formed a bullish breakout from the trendline resistance of the falling wedge pattern. This breakout was supposed to intensify the bullish momentum and trigger a significant price rally. But with the upcoming FOMC meeting this Wednesday, market uncertainty halted the DOT price increase at $6.7.
On January 30, the coin price bounced back from the above-mentioned resistance and reached its current price of $6.2. Therefore, if the daily closes below $6.2, this temporary correction will hit $5.67 or break the trendline. Anyway, in positive bullish conditions, the potential rally from the pattern break should push the price up 90% to $11.87.
On January 11, TRON price moved up from the long-standing trendline of the descending triangle pattern. So far, the post-retest rally has hit the $0.065 mark, increasing the coins 16.8%.
However, with the current indecision in the market, the coin price continues its horizontal movement in a narrow range below the ceiling of $ 0.065. If the selling pressure continues, prices could drop to the $0.6 mark. Anyway, this correction should refresh the bullish momentum for a sustained rally in the long term. A post-correction rally could see TRX price up 47% to $0.092.
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