With the popularization of play-to-earn model games and the fact that a number of large companies are turning to this area, the demand for Metaverse projects has increased significantly. Projects such as Axie Infinity, Decentraland and The Sandbox cryptocurrency its units have recorded high value increases in recent periods.
Axie Infinity (AXS)
Ethereum is an online video game based on Axie Infinity, Along with the spread of NFTs and play-to-earn model games, it has gained serious upward momentum. AXS, which traded at the price levels of $ 0.50 in early 2021, recorded high value increases within 1 year and rose to the price levels of $ 164. AXS retreated somewhat after its peak levels, as the leading crypto currency Bitcoin began to record depreciation and the market showed a general downward trend. AXS, which briefly fell to the 135 dollar price levels during the week, recovered somewhat and started trading at the 145 dollar price levels again and managed to stay above the support level in the 140 dollar region.
The virtual reality platform developed on the Ethereum blockchain Decentraland, it has recorded very serious value increases in the last 1 month. MANA, which was traded at around $0.70 in October, managed to exceed the $3 price levels with the upward momentum it gained. MANA continued its upward price movements in the weekly time frame, maintaining the rises it recorded, unlike most crypto assets that fell with the spread of the Evergrande bankruptcy news. MANA, which was traded at the price levels of $ 2.97 last week, started trading at the price levels of $ 3.30, with the rises it recorded during the week.
The Sandbox (SAND)
In contrast to the general depreciation in the crypto currency market, one of the altcoins that is on the rise is The Sandbox it was SAND that became the native token of the gaming platform. The SAND, which has been approaching the 3 dollar price levels by exceeding the 1 dollar resistance level in as little as a month, continued to rise on the weekly chart. SAND began trading at the price level of $ 2.70 in 1 week, along with the increases that it began to record from the price level of $ 2.87.
The information contained in this article absolutely does not contain investment advice. Investors should know that crypto currencies have high volatility, so they carry risks, and they should conduct their transactions in accordance with their own research.