With the rise of blockchain technology, digital currencies have seen an unprecedented boom in recent years. With the increasing popularity of Metaverse crypto, investors are looking for ways to capitalize on this new trend. January 2023 is here, and it’s time to start thinking about which metaverse cryptos are worth investing in. This article will discuss the top three metaverse cryptos you should consider investing in for January 2023.
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What is BYDFI?
BYDFI was established in 2019 and has quickly become one of the most popular cryptocurrency exchanges. It stands out from other platforms thanks to its advanced trading options like margin accounts, derivatives trading, and competitive transaction fees. BYDFI is a reliable and secure cryptocurrency options trading platform featuring an intuitive design making it simple for users to navigate.
XYO (XYO)
XYO is an Ethereum-based token used to power the XYO Network, a blockchain system that allows for the anonymous collection and verification of geospatial data. XYO tokens can be traded or staked on the XYO World platform for unique ERC-721 tokens representing actual physical locations. XYO token is its cryptocurrency to reward people who give their time and effort to maintain the system. It serves as an incentive for them and allows the network to operate more efficiently.
Our XYO price prediction has revealed that investing in this crypto is highly profitable. Thanks to its blockchain capabilities and other such projects, XYO stands out from the rest of the crowd. Moreover, our fundamental and technical analysis has underlined its potential.
In the 1H timeframe, the price action of $XYO/USDT consolidates inside the symmetrical triangle. We must wait for a successful breakout or breakdown to confirm its next direction.
ApeCoin (APE)
ApeCoin (APE) is a digital currency designed to support the construction of a decentralized web3, motivated by the Bored Ape Yacht Club, one of the most popular NFT collections. APE is an Ethereum-based ERC-20 token that is both transferable and exchangeable.
ApeCoin is not just a regular token, it’s a governance and utility token. As a result, it offers multiple benefits to users who hold it. These include giving them access to various features within the ecosystem, such as games, events, and services, and providing them with an opportunity to participate in the governance of the DAO.
Analysing ApeCoin’s pricing history, it’s estimated that its minimum value in 2023 will be approximately $8, and the maximum price of APE could be around $10. The average trading price in 2023 is estimated to be around $8.50.
In the 1D timeframe, the price action of $APE/USDT solidifies inside the symmetrical triangle. Currently, the price is lying above the POC level and below the resistance trendline of the triangle. Therefore, we must wait for a successful breakout or breakdown to confirm its next movement.
Mask Network (MASK)
Mask Network is revolutionizing the way individuals use popular social media platforms. This protocol allows users to send cryptocurrency, interact with decentralized applications, and communicate securely with encrypted messages & content. MASK is an ERC-20 & BEP-20 token available on the Ethereum, Polygon & Binance Smart Chain platforms. This ensures interoperability and easy access to their users.
Investing in Mask Network right now could be a very profitable decision in the long run. In the next ten years, MASK’s price could even reach as high as $30.
On the 2H timeframe, the price action of $MASK/USDT forms a double top chart pattern. Currently, the price is getting rejected from the 2nd top. Therefore, we have to wait for a successful breakdown of the double-top neckline. After a successful breakdown, it can go downwards.
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Closing Thoughts
The Crypto market is known for its volatile nature. According to the above analysis, the coins we discussed might prove to be profitable if other market conditions prevail favorably. We suggest you engage in adequate research before investing in any digital assets.
