A metaverse is a digital world that is created with the use of computer technology. The term has been used to describe everything from virtual reality worlds to mobile phone games.
This list is based on the current market value and the token’s potential to grow in value. The Coins are SAND, MANA, APE, GALA, and THETA.
Table of Contents
What is BYDFI Crypto Exchange?
BYDFI comes among some of the most popular cryptocurrency exchange platforms. It was established back in 2019 and is based in Singapore.
The platform provides simple, fast, and safe crypto-asset exchange services to all its traders. The platform has 500,000+ users from 150+ countries.
Moreover, it provides all traders with Multiple licenses, easy deposit, and withdrawal feature, service diversification, copy trading options, and many others.
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The Sandbox (SAND) Price Analysis
The Sandbox is a cryptocurrency project that has been doing great so far. Its native token, SAND, was steadily rising in value year after year, which finally led to the token being worth over $8 in 2021.
The Sandbox platform is heavily based on NFTs and its in-game cryptocurrency. Players can use these SAND tokens to purchase them from the exchanges.
In addition, the latest Alpha release allows players to make game characters with unique skill sets controlled by scarce tokens called ‘AlphaS.’
There is a good chance that the Sandbox will be an excellent investment option in the long term as increased interest in crypto goes hand-in-hand with your success on CryptoBible. However, in the short-term, price fluctuations are likely to happen.
On a 4H timeframe, the price action of $SAND/USDT moves inside the descending triangle. Therefore, we must wait for a successful breakout or breakdown to confirm its next move.
Decentraland (MANA) Price Analysis
One of the more popular crypto projects out there is Decentraland. The news has mentioned them recently as they are one of the few projects to have caught up with CryptoKitties regarding equity sales and even overtook them at some point.
The rise in popularity occurred primarily due to their NFT trading and native token, MANA. The token is the in-game currency for Decentraland, and it’s also their cryptocurrency.
It lets users purchase or trade LAND and pays for goods & services in the virtual world. MANA is an ERC-20 token that runs on the Ethereum blockchain.
Decentraland’s cryptocurrency (Mana) will be a good investment in 2021. The price of Mana peaked at about $5.48 in November of 2021, specifically on 24 November.
However, the token crash-landed since then. It is currently valued at approximately $0.6.
On a 4H timeframe, the price action of $MANA/USDT is moving indie the horizontal resistance zone of the descending triangle. We have to wait for a successful breakout or breakdown.
ApeCoin (APE) Price Analysis
The APE token is an ERC-20 token that lives on the Ethereum blockchain. It also functions as an intrinsic governance and utility token that lets holders take part in governing the Ape ecosystem and provides them with access to games & other products/services.
To bolster its token price, APE tokens are now being removed from natural circulation. It is anyone’s guess as to whether this will be successful.
However, buying APE now, at its current low price, could pay off handsomely if the project continues to thrive.
On a 4H timeframe, the price action of $APE/USDT is moving below the resistance trendline of the descending triangle. We must wait for a successful breakout or breakdown to confirm its next direction.
Gala (GALA) Price Analysis
The GALA token is the digital utility token of the Gala games ecosystem. GALA is an ERC-20 utility token used in the gaming platform an Ethereum-based gaming platform.
GALA can be used as a form of payment between participants in the system. GALA tokens are used to purchase in-game items or to trade with other players.
A bit more bullish than PricePrediction in the long run, Experts rates GALA as an excellent long-term investment. The site predicts that by the end of December 2022, its price will be close to $0.15.
On a 4H timeframe, the price action of $GALA/USDT moves inside the rectangle. Currently, the price is going to its horizontal support zone. So bounce is expected from here.
Theta Network (THETA) Price Analysis
Theta is a decentralized video delivery network that offers a range of blockchain-enabled solutions to the problems of the traditional video streaming industry.
The developers who created Theta originally hosted the platform on Ethereum. Since then, they have gone on to create a native blockchain. They’ve also seen growing interest from investors.
Theta is software that incentivizes a global network of computers to operate a decentralized video streaming network.
Today, content distribution networks (CDNs), geographically located operators, are paid to deliver video stream content.
Although Theta is still an emerging cryptocurrency, this project has a lot of promising potential. Therefore, it could also be a wise investment for people looking to make better returns on crypto.
On a 1D timeframe, the price action of $THETA/USDT consolidates inside the channel. Currently, the price is getting rejected from the resistance trendline of the channel.
On-demand analysis on $MKR or any other coin can join our Telegram channel anytime.
Closing Thoughts
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.
