The crypto space is constantly changing, and it’s hard to keep up with all the new coins. This article will look at some of the top metaverse cryptos you should follow in May.
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Ontology (ONT)
ONT is the cryptocurrency of Ontology, a distributed ledger technology that uses consensus protocols and verifiable rules to ensure security & integrity. The price of Ontology will most likely increase in the future and is expected to be a good investment. ONT is built on the Ontology Blockchain. It is a high-speed, low-cost public chain that provides decentralized identity and data solutions to other chains in Web3.
In a 1w timeframe, the price action of $ONT/USDT has formed a falling wedge chart pattern. Price is consolidating inside the wedge. Therefore, we must wait for a breakout or breakdown to confirm its next move.
ApeCoin (APE)
In a recent partnership, ApeCoin is working with tokenproof to make the system more secure. Tokenproof is an app that allows NFT owners to authenticate ownership of NFTs, so they stay safe on the blockchain when stored in cold storage. As a result, investors with large Ethereum wallets are optimistic about the ApeCoin price, and they predict that ApeCoin will be a top performer in 2022.
In a 1H timeframe, the price action of $APE/USDT has formed a descending triangle chart pattern. The price is testing above the support zone. We have to wait for a successful breakout.
Decentraland (MANA)
The Decentraland ecosystem just welcomed the release of a new game on its network called Megacube 2. With more projects seeking to launch on the MANA platform, we might see the token’s price go up. MANA is one of the most successful cryptocurrencies in the market, and in the past years, it has been one of the best performing tokens.
In a 4H timeframe, the price action of $MANA/USDT has formed an inverse cup and handle chart pattern. The price is moving inside the handle, and it is about to break the handle. If it breaks down successfully, then the pattern will be confirmed. Then the price will go down further.
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For on-demand analysis on any token or coin at any time, you can join our Telegram channel.
Closing Thoughts
Discipline and Patience are the most important components of a successful trade. According to the above analysis, the coins we just discussed about might make you decent gains if other market conditions prevail favorably. Again, it’s your hard-earned money that you’ll be using. Do Your Own Research before investing.
Disclaimer: Our analysis is for educational purposes.
