Top 4 Metaverse tokens with a bullish outlook for June and July
Amid the artificial intelligence (AI) hype this year, Metaverse projects have seen slower growth than a year and a half ago. As a result, Metaverse projects have accumulated less funds and growth over the past 12 months. Still, the metaverse industry remains an area with tremendous potential to become a trillion-dollar industry in the coming years.
According to the latest crypto market data from Binance-backed Coinmarketcap, the crypto tokens used in the Metaverse industry had a total market cap of about $13.3 billion as of Thursday.
According to a popular crypto analyst with more than 60,000 Twitter followers, Captain Faibik (@CryptoFaibik), top Metaverse coins with a bullish flag include The Sandbox (SAND), Axie Infinity (AXS), Enjin Coin (ENJ) and Decentraland (MANA). ).
The Sandbox (SAND)
As for that Sand box (SAND) For the token, the analyst deduced a falling channel, with the price retesting the upper band. A break above the upper resistance level could result in a 385% rally over the next two months.
Axie Infinity (AXS)
Similarly, the analyst drew a bullish scenario for the fall Axie Infinity (AXS) breaks out of the upper band of a multi-week downtrend.
Enjin Coin (ENJ)
In relation to Enjin Coin (ENJ)An Ethereum-based ERC-20 token used for social gaming, the analyst noted that the price is currently retesting breakout lows and will therefore face a 309 percent surge over the next two months.
As for Decentraland (MANA)Captain Faibik pointed out that if there is a breakout to the upside, the token could surge 10x over the next two months.