This year has not been particularly good for cryptocurrency. Bitcoin is (almost) in a free fall, Ethereum’s Ropstend test was a bust, and the regulatory norms are getting increasingly strict. However, in this bear market, certain NFT tokens have started to trend in the green for weeks.
The artworks highlighting these tokens and additional value have caused the crypto crowd to go bullish about them. In this article, we are highlighting the Top 4 NFT coins today by market trends.
1. Lucky Block (LBlock): High in Demand by those looking for a fair Lottery
For the longest time, people have associated the term lottery luck. But in most cases, that luck has been unfair as most games are rigged. LuckyBlock takes a different approach. Staying true to its headline, “Everyone is a winner.” the play-to-earn game rewards all those holding its reward token called the LBlock.
The Lucky Block uses the Binance Smart Chain to ensure that the randomized number generator that picks the name of the winners really does pick winners at random. To ensure that only legitimate players are part of the jackpot, it also certifies both players and their tickets.
And if this secure approach was not enough, there is a $1million jackpot that LuckyBlock organizes. Holders of LBLOCK get a chance to take home a cool mill. And the good thing is, even if your name does not get picked up, you still win something. The Jackpot LuckyBlock organized in may have a lot of takers, and from the trends, it seems like more and more people are interested in it.
LBlock Price today is $0.000827, making this token a frugal investment that most can make. And even though the token is down by 16.79% in the last 24 hours, experts say that the price might switch directions soon as the crowd is anticipating more from this crypto asset.
Your capital is at risk.
2. Decentraland (MANA): One of the Few Crypto Assets trading in the green
No play-to-earn game has made waves as much as Decentraland. It hit the ground running from the get-go due to its amazing graphics and branding offerings. Decentraland didn’t take long to gain the attention of the “virtual” real estate developers and soon became the first game to sell a virtual patch of land worth millions of dollars.
Naturally, these developments interested people in MANA – the game’s governance token. Users can buy wearables, avatars, names, and more from the game’s unique NFT marketplace using this virtual currency.
Branding will never die – that’s the mantra Decentraland has been following. Even during these red times, it is one of the few NFT tokens still trading in the green zone.
Yesterday’s wick reads 4.92%, which created a bullish engulfing pattern. It is a small increase, but MANA continues to trade in the green at the time of the writing.
By CoinMarketcap’s estimations, MANA price today is $0.830624 with a 24-hour trading volume of $749 million. The token’s price has been up 7.72% in the last 24 hours, and from what the pattern says, the token has a brighter tomorrow.
The reason this token is continuing on its bullish path is because of the continued participation of the community. Decentraland is organizing 2022’s Game Jam, a contest asking the community to use the game’s code to design a unique experience for the users.
?The deadline to submit your game to #Decentraland‘s 2022 Game Jam is tomorrow!?
Submit your entry by June 14 at 11:55pm UTC using this form before time runs out:
— Decentraland (@decentraland) June 13, 2022
Your capital is at risk.
3. Project Galaxy (GAL): Leading Web3 Credential Data Network Trading in the green
Experts have cited a lack of innovation and use cases as the primary reason behind people are so bearish about certain NFTs. Project Galaxy aims to change that. It provides opportunities for Web3 Developers to use digital credential NFTs and data to create better products and communities.
What are digital credential NFTs? It is the NFT holding your digital credential, your digital footprint as you serve the web 3. It can be a list of your activities, your contribution to the liquidity pool of a DeFi protocol, or your on-chain voting history. By turning your credentials into ERC 721 tokens and putting them under blockchain governance, you’ll be able to have full control over movements in Web 3.
Project Galaxy is an infrastructure where the community members can only contribute their credential data as NFTs and develop better applications and more meaningful web3 communities.
People couldn’t grasp the full potential of this utility when Project Galaxy first introduced it. But now, it has taken centre stage, making GAL, the native governance token of Project Galaxy, one of the few cryptocurrencies trading in the green.
Although the wick at the time of writing shows a red pattern, it is just the start of the day. The red zone is not large enough to create a bearish engulfing pattern, and the experts are saying that, hopefully, it won’t be.
Project Galaxy Price Today, at the time of writing, is $3.05 with a 24-hour trading volume of $263 million. The coin has hit a small setback of 6.22%, but the market patterns suggest it will recover soon.
Your capital is at risk.
4. Axie Infinity: Another NFT token trading in Green Today
Axie Infinity has seen quite a few ups and downs since the beginning of this year. But now, is it one of the few NFT tokens that are seeing some uptrend.
It is a Blockchain-based trading and battling game partially owned by the players. In similar veins to Pokemon, Axie Infinity lets players collect, breed, raise, battle, and trade NFTs known as Axies. As one of the first trading card games to grace the NFT ecosystem, Axie hit the ground running, breaking many records and reaching its all-time high in November 2021, costing $164.90.
It has now retraced by a 91.7% but has shown a partial bullish pattern since the beginning of June. AXS closed the month of May with a massive bullish engulfing pattern at 29.68%.
At the time of writing, the token is trading at $14.14 with a market capitalization of $238 million. It is up 2.83% in the last 24 hours.
Your capital is at risk.
Conclusion
Despite the current bear market, the crypto assets we have described continually create interest among the crypto crowd. While it is too soon to say how long these tokens will continue to trade in the green. But for the time being, we can say that people have not lost faith in most NFT-based cryptocurrencies.
Read More
Lucky Block – Our Recommended Crypto of 2022
- New Crypto Games Platform
- Featured in Forbes, Nasdaq.com, Yahoo Finance
- LBLOCK Token Up 1000%+ From Presale
- Listed on Pancakeswap, LBank
- Free Tickets to Jackpot Prize Draws for Holders
- Passive Income Rewards – Play to Earn Utility
- 10,000 NFTs Minted in 2022 – Now on NFTLaunchpad.com
- $1 Million NFT Jackpot in May 2022
- Worldwide Decentralized Competitions
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Source: https://insidebitcoins.com/news/top-4-nft-coins-today-by-market-trends