With the renewed popularity of GameFi projects, cryptocurrencies like Axie Infinity (AXS) and Illuvium (ILV) have witnessed significant gains in the past few days, and another digital asset from this branch could soon join the crowd and therefore provide a great opportunity for investing.
Specifically, pseudonymous crypto market analyst Crypto Tony has observed that BRN Metaverse (BRN), a token and game project designed for the metaverse, GameFi, and Web3 areas, is getting ready to become “a hot run next,” as he said in an X post published on February 27.
Indeed, this crypto asset is showing some optimistic signs for its future price, including its 100-day and 200-day exponential moving averages (EMAs), as well as simple moving averages (SMAs) pointing at a ‘buy’ sentiment, alongside a positive 10-day momentum.
On top of that, the company has recently introduced its BrainApp, a “cutting-edge platform designed to revolutionize security and fraud prevention in the digital realm,” and its success could aid in the price of the ecosystem’s native token gaining more strength.
BRN price analysis
At press time, BRN was changing hands at the price of $0.43589, which represents an increase of 1.90% in the last 24 hours but still a decline of 9.42% across the previous seven days and an 18.12% drop on its monthly chart, according to the latest data on February 27.
Ultimately, BRN might, indeed, follow the success of the giants in the GameFi sector, including AXS, ILV, and others, provided it meets all the necessary preconditions for such an advance. However, predicting its future price with certainty is difficult, so doing one’s own research is critical.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
Source: https://finbold.com/new-crypto-opportunity-at-0-44-for-investors-who-missed-axs-and-ilv-soar/