Virtual Reality: The 3 Strong Cryptos in this blockchain space

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Virtual reality (VR) creates dynamic and interactive simulations of natural or imagined spaces. VR has many applications, such as gaming, entertainment, education, health care, etc.

VR also connects with the crypto space, as some projects use blockchain technology to create decentralized platforms that enable users to access, create, and trade VR content and assets. Here, we will delve into the top 3 cryptos in virtual reality space that have the most potential and popularity. 

What is BYDFI?

Established in 2019 and headquartered in Singapore, BYDFI is one of the most sought-after cryptocurrency exchange platforms. The platform boasts a user base of over 500,000 traders from 150+ countries who benefit from its straightforward, speedy, and secure crypto-asset exchange services.

In addition, BYDFI offers its traders multiple licenses, easy deposit and withdrawal options, service diversification, copy trading features, and much more.

To learn more about BYDFI, you can read their review article, and if you register using this link [HERE], you will enjoy a 10% discount on trading fees for the first 30 days.

Bydfi
BYDFI

Decentraland (MANA) Price Prediction

Decentraland is a decentralized platform that allows users to create, explore, and trade virtual worlds and experiences.

It is made via Ethereum blockchain and utilizes smart contracts to enable users to own and control their land, content, and assets in the virtual world. 

Decentraland has a market cap of $1.2 billion, a trading volume of $156 million, and a circulating supply of 1.9 billion MANA. The current price is $0.69. Let’s have a look at the chart for trend analysis:

Virtual Reality: The 3 Strong Cryptos In This Blockchain Space
On daily timeframe level the price action of $MANA is Forming out Bearish Harmonic Bat pattern level, where D leg is yet to be complete out along with the Descending Triangle pattern level where the price action has broke out the resistance trendline.

Decentraland aims to become the leading platform for VR content creation and distribution. It provides: 

  • A user-friendly interface. 
  • A wide variety of tools and features. 
  • A vibrant community of creators and users. 

Decentraland also hosts various events, games, art exhibitions, and social activities in its virtual world. 

The Sandbox (SAND) Price Prediction

The Sandbox is a decentralized platform that allows users to create, play, and monetize voxel-based games and experiences. Sandbox uses smart contracts to enable users to own and control their land, content, and assets in the virtual reality world. 

The Sandbox has a market cap of $1 billion, a trading volume of $201 million, and a circulating supply of 1.5 billion SAND. The current price is $0.69. The price is up by 6% in 1 week. Let’s have a look at the chart for trend analysis:

Virtual Reality: The 3 Strong Cryptos In This Blockchain Space
On Daily timeframe level the price action of $SAND Formed out Ascending Trinagle pattern level where the price action is currently facing out Horizontal Resistance level. We have to wait for the breakout and retest level

The Sandbox aims to become the leading platform for Virtual reality gaming and entertainment.

It provides a powerful game maker tool, a diverse catalog of games and assets, and a strong partnership network with brands like Atari, The Walking Dead, Smurfs, and more. The Sandbox also supports various NFT standards, such as ERC-721 and ERC-1155. 

Enjin Coin (ENJ) Price Prediction

Enjin Coin is a decentralized platform that allows users to create, manage, and digital trade assets for games and Virtual reality applications.

Enjin Coin is built on the Ethereum blockchain and uses smart contracts to enable users to mint, store, and transfer their NFTs using the Enjin SDK. 

Enjin Coin has a market cap of $440 million, a trading volume of $38.5 million, and a circulating supply of 1 billion tokens. It is currently trading at $0.44. Let’s have a look at the chart for trend analysis:

Virtual Reality: The 3 Strong Cryptos In This Blockchain Space
On daily timeframe level the price action of it forming out Bearish Harmonic Bat pattern level where the price action currently facing out Horizontal Resistance level where we can expect an rally towards upward after the breakout and retest level of resistance level

Enjin Coin aims to become the leading Virtual reality asset creation and management platform. It provides a robust infrastructure, a flexible NFT standard (ERC-1155), and a cross-chain network (Efinity) that supports multiple blockchains. Enjin Coin also powers various VR projects, such as Age of Rust, The Six Dragons, AlterVerse, and more. 

For any time, on-demand analysis on any other coin, you can join our Telegram channel.

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Harsh Panghal
Harsh Panghal

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