Top 5 Metaverse Tokens to buy in April 2022 APE, STX, ENJ, SAND, WAXP

Metaverse Tokens are blockchain-based virtual reality cryptocurrency that includes augmented reality, social media and gaming. It can be used to pay for transactions on the network and power smart contracts on the platform. This article will highlight some of the best metaverse tokens that you should invest in April 2022. These tokens have the potential to grow at a rapid rate and provide excellent returns.

ApeCoin (APE)

APEcoin is an Ethereum-based token that powers the Ape NFT ecosystem. It is a cryptocurrency created by the Bored Ape Yacht Club, a company that has gained popularity in recent months. It is a large online community where some popular people, such as celebrities, have been active in culture, arts, gaming and entertainment. 

APE is currently priced at $12.09 and ranks #38 on CoinMarketCap. APE also has a supply of 1,000,000,000 coins with a market cap of 3.3 billion dollars.

In 4 hour timeframe, the price action of $APE/USDT tried to form out the Bullish harmonic shark pattern where the price action got reversed from the 0.786 Fibonacci level.

Ape Coin April 2022
Ape Coin April 2022

Stacks (STX)

Stacks is a project that allows you to create digital content that connects to Bitcoin. This means that your apps, smart contracts, or digital assets will be able to build on Bitcoin’s security, capital, and network. Stack’s STX is a good investment because it provides opportunities to make money and mine cryptocurrencies.

STX is currently priced at $1.18 and ranks #62 on CoinMarketCap. STX also has a supply of 1,818,000,000 coins with a market cap of 1.5 billion dollars.

In a 4hour timeframe, the price action of $STX/USDT formed out the Bullish Alt Bat pattern, where the price action again formed out the Bullish Double bottom pattern, and the price action is reversed from the demand zone after breaking out the neckline of it.

Stx April 2022
STX April 2022

Enjin Coin (ENJ)

The Enjin Coin has experienced a huge discrepancy in the number and value of transactions over the past week. The maximum transaction volume was 11,200, with a minimum of 650 in one week.

Top 5 Metaverse Tokens To Buy In April 2022 Ape, Stx, Enj, Sand, Waxp
Enjin April 2022

ENJ is currently priced at $1.50 and ranks #75 on CoinMarketCap. ENJ also has a supply of 1,000,000,000 coins with a market cap of 1.3 billion dollars.

In the 1D timeframe, $ENJ/USDT has formed the descending triangle where the price action consolidates above the Support level.

Descending Triangle Pattern
Descending Triangle Pattern

The Sandbox (SAND)

According to the historical concentration of Sandbox, the number of Investors has increased by 13.04%, and the Retail has increased by 5.35% in the past 30 days. There has been no significant variation in the historical concentration of Wales over the past 30 days.

Top 5 Metaverse Tokens To Buy In April 2022 Ape, Stx, Enj, Sand, Waxp
SAND April 2022

SAND is currently priced at $2.72 and ranks #40 on CoinMarketCap. SAND also has a supply of 3,000,000,000 coins with a market cap of billion dollars.

In 4 hour timeframe, the price action of $SAND/USDT has formed the Bullish Harmonic Bat pattern where the price action reclaims the Strong Support level after hitting the resistance level.

Bullish Harmonic Bat In Sand
Bullish Harmonic Bat in SAND

WAX (WAXP)

Worldwide Asset eXchange is an electronic market for online video games and collectables. It is the world’s first and most successful blockchain solution for the virtual goods industry. The WAX is a blockchain platform designed to make e-commerce transactions faster and more secure for everyone involved. WAX operates on delegated proof of stake and is compatible with the EOS network.

WAXP is currently priced at $0.2793 and ranks #119 on CoinMarketCap. WAXP also has an infinite supply of coins with a market cap of 543 million dollars.

On a 1D timeframe, the price action of $WAXP/USDT is Formed out of the Descending Triangle pattern where the price action respects the Strong Support level.

Descending Triangle Enjin
WAXP April 2022 Charts

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.

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Pratyaksh