Metaverse is a new way to experience the internet and it might be the next phase of the internet. taking meetings, interactions, and many other things in the virtual world. In this article, we will discuss three Metaverse tokens that you should keep an eye on this fall.
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What is BYDFI?
BYDFI is easy to use and offers advanced trading features such as CFDs and leveraged tokens, margin trading, etc. Even though the present market conditions created by FTX aren’t too bright for the crypto market, BYDFI still firmly stands and is providing services to all its users.
Further, the platform offers a straightforward interface that has been tried and tested by thousands of traders, while the advanced account offers more complex and varied trade options for professional crypto traders.
ApeCoin (APE) Price Analysis
Apecoin (APE) is the native token of Bored Ape Yacht Club. The price has decreased by 54% since September and at the time of this report, Apecoin’s price was $2.86. There has been a 37% decrease in volume over the last 30 days.
Cryptocurrency experts are watching Apecoin (APE)’s trend and predict a significant price decrease. It’s lost 60% in the past six months and has seen a 40% decline in price over the past year.
It is understandable why many APE investors are waiting with bated breath for some promising news in 2023, even though many have moved to a more promising NFT platform.
In a daily time frame, the price is trying to break its new low support line. if it breaks its support then it can go further downward. on the other hand, if the price breaks its resistance zone then it can go upward
The Sandbox (SAND) Price Analysis
The Sandbox was launched on the Ethereum blockchain, with an ERC-20 protocol token called SAND. The Sandbox has attracted many celebrities and brands.
The virtual reality platform is popular due to its ease of use, so it attracts well-known personalities and brands alike.
The Sandbox is one of the most prominent initiatives in the crypto industry. The Sandbox created a blockchain-based digital space where users manage individual avatars, trade objects of dependable value, & transact via the native currency SAND.
The Sandbox (SAND) recently went dormant, and at the time of this posting, it’s being traded at $0.581, an 80% drop from its all-time high.
In a two-hour time frame, the price is moving inside the descending triangle. Currently, the price is moving below the resistance trendline of the triangle. we have to wait for a successful breakout or breakdown to confirm its next direction.
Decentraland (MANA) Price Analysis
Decentraland (MANA) allows users to create and trade in-game features. Anyone can upload content from their experience on the platform, generating a custom trading card with a certain rarity level.
There are games and stores on the network where you can place such cards for sale by securing them to smart contracts. Some blockchain games offer play-to-earn games, where users can convert their rewards from in-game currency to tokens.
In a weekly time frame, the price has broken the horizontal support zone. further, if it breaks its local support line it can go down. A bounce is expected from here.
Discipline and Patience are the most critical components of a successful trade. According to the above analysis, the coins we discussed 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.