Amid the Artificial Intelligence (AI) hype this year, the metaverse projects have recorded slower growth compared to the mania a year and a half ago. As a result, metaverse projects have amassed lesser funding and growth in the past twelve months. Nevertheless, the metaverse industry remains an area with immense potential to grow into a trillion-dollar industry over the coming years.
According to the latest crypto market data provided by Binance-backed Coinmarketcap, the crypto tokens used in the metaverse industry had a total market capitalization of about $13.3 billion on Thursday.
According to a popular crypto analyst with more than 60k Twitter followers, Captain Faibik (@CryptoFaibik) the top Metaverse coins with a bullish flag include The Sandbox (SAND), Axie Infinity (AXS), Enjin Coin (ENJ), and Decentraland (MANA).
#Metaverse Coins Look Promising for June/July 🧐
– $SAND
– $AXS
– $ENJ
– $MANA pic.twitter.com/Y4FdhMOEfr— Captain Faibik (@CryptoFaibik) May 25, 2023
The Sandbox (SAND)
As for The Sandbox (SAND) token, the analyst deduced a falling channel with the price retesting the upper band. A breakout above the upper resistance level could lead to a 385 per cent rally in the next two months.
Axie Infinity (AXS)
Similarly, the analyst plotted a bullish scenario if Axie Infinity (AXS) breaks out of the upper band of a multi-week falling trend.
Enjin Coin (ENJ)
In regards to Enjin Coin (ENJ), an Ethereum-based ERC-20 token used for social gaming, the analyst noted the price is currently retesting the lows of a breakout, thus subjected to a 309 per cent rally in the next two months.
Decentraland (MANA)
As for Decentraland (MANA), Captain Faibik noted that the token could rally 10x in the next two months if a breakout to the upper side materializes.
Source: https://coinpedia.org/altcoin/crypto-market-analysis-top-4-metaverse-token-with-bullish-outlooks-for-june-and-july/