The metaverse is a virtual world created and owned by its users and has programmable space for Web 3.0 and DApps. There are many different types of tokens with varying degrees of liquidity, but a few stand out from the crowd. This article will tell you the top 3 metaverse tokens to keep an eye on in March 2022.
Axie Infinity (AXS)
Axie Infinity is a blockchain game that Axie Infinity Inc created. The Axie Infinity network includes a unique trading platform for the game’s resources. The governance token called AXS is used to collect and store these earnings. Axie Infinity price is increasing as bitcoin prices are increasing this day after the recent dip in the market.
AXS is a cryptocurrency that has been trading for a value of $48.49 and a market capitalization of 2.9 billion dollars. There are 270,000,000 coins in supply, and it ranks #44 on CoinMarketCap.
On the 1D timeframe, the price of $AXS/USDT has been falling for the last few months, and it looks like it is forming a Descending Triangle where the price action is currently sitting at the Demand Zone level.
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Theta Network (THETA)
Theta Network provides a decentralized video streaming solution that will enable viewers to pay the streamer in real-time. They have an advantage over other solutions as they have blockchain-enabled solutions. Theta Network has a lot of potential for substantial profit and success if investments continue to pour in.
THETA is a cryptocurrency that has been trading for a value of $3.05 and a market capitalization of 3 billion dollars. It has 1,000,000,000 coins in supply, and it ranks #42 on CoinMarketCap.
On 1w timeframe, $THETA/USDT has formed a Defending Triangle where the price action breaks down the Horizontal Support key level. We need to wait for the Candle closure to expect further movements.
Enjin Coin (ENJ)
Enjin Coin is an Ethereum token that aims to back the value of new non-fungible tokens by directly tying them to ENJ. It can be used outside of the Enjin ecosystem as well. Enjin Coin might be a good investment in future. The price of bitcoin has been on the rise, so, naturally, the prices of Enjin Coin are increasing as well.
ENJ is a cryptocurrency that has been trading for a value of $1.39 and a market capitalization of 1.2 billion dollars. It has 1,000,000,000 coins in supply, and it ranks #71 on CoinMarketCap.
On the 1D timeframe, the $ENJ/USDT price is decreasing with a downtrend can see that the Price action is trying to break out the Descending Triangle pattern.
- Discounts
- Use referral code (MYWSAFR8) for Binance and get 20% off on Trading Fees.
- Use Referral code (Coinmonks) for FTX and get 5% Off on Trading Fees.
Closing Thoughts
The most important part of trading is discipline and patience. So, according to the above analysis, the coins we just spoke about might see some decent gains. Again, it’s your hard-earned money you’ll be investing, so Do Your Own Research before investing.
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