Top 3 Metaverse Tokens to Look out for in February 2022

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From the last article, we covered on best Metaverse tokens, almost all of them have boomed after the recent push in bitcoin’s prices. Moreover, I’m still bullish on some of these tokens and might still be expecting new All-time-highs for some of them. Before start diving deeper, let’s have a look at the Metaverse Index:

Here’s the Metaverse Index, a single token backed by some of the most prominent projects in the metaverse. It has been down today by 2%; however, on zooming out, things have been going good, as with bitcoin rising, we’re seeing stronger growth in the Metaverse tokens and eventually, the Metaverse Index.

Metaverse Index
Metaverse Index

Decentraland (MANA) Price Analysis

MANA is a cryptocurrency that can buy anything from LAND in Decentraland and virtual goods and services. Decentraland can be used for various purposes, but video games’ primary use. The in-game currency MANA also has many uses outside of Decentraland’s virtual economy users can buy and sell goods and do trading with it. Decentraland’s mission is to create a 3D virtual world that lets all people: create, share and explore an interactive environment. You can also own and build on the land.

Esteban Ordano and Ariel Meilich founded it in 2015, and its native coin, MANA, powers it. It is currently trading at $3.38 with a market cap of 6.2 billion dollars and has a total supply of 2,193,849,227 coins, currently ranking at #30 on CoinMarketCap.

On the 1D timeframe, MANA was trading in a downtrend and had broken out the Resistance line of the Descending triangle and retested successfully. The price action is going upward, currently facing out the resistance level.

Discounts

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Decentraland/Tetherus, 1D
Decentraland/TetherUS, 1D

The Sandbox (SAND) Price Analysis

The Sandbox is a virtual metaverse where you can play, build, own, and monetize your virtual content. It is a crypto-based virtual reality NFTs gaming metaverse. Sandbox makes it easy for non-tech savvy users to create their own NFTs and monetize them within the games. All of this is done using their native Sand tokens.

Sebastien Borget founded it in 2013, and its native coin, SAND, powers it. It is currently trading at $4.71 with a market cap of 4.8 billion dollars and has a max supply of 3,000,000,000 coins, currently ranking at #33 on CoinMarketCap.

On the 1D timeframe, SAND started to trade in a downtrend after its bullish uptrend and formed out the Bullish harmonic bat pattern, and the price action is currently up from the Support trendline.

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.

Sand/Tetherus, 1D
SAND/TetherUS, 1D

MOBOX (MBOX) Price Analysis

Mobox is a decentralized blockchain-based P2E gaming platform on Binance Smart Chain. You can play different games and earn coins or tokens depending on how well you do. This platform also lets you trade NFTs, and it’s all done without any unnecessary intermediaries. Mobox has received support from various partners, including BINANCE, ALLIANCE, CERTIK, Math Wallet, PancakeSwap. Mobox goal is to create cross-platform storage capabilities for NFTs.

Vadim Kot established it in 2021, and it operates using its native token, MBOX. It is currently trading at $3.21 with a market cap of 256 million dollars and has a max supply of 1,000,000,000 coins, currently ranking at #195 on CoinMarketCap.

In a 4hour timeframe, MBOX has broken out ascending triangle whereas if we see it has formed out the Double Top and the price action went down but hold out the support level and got reversed from the support zone.

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.

Mbox/Tether, 4H
MBOX/Tether, 4H

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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Pratyaksh