Crypto Market Analysis: Top 4 Metaverse Token With Bullish Outlooks for June and July

The post Crypto Market Analysis: Top 4 Metaverse Token With Bullish Outlooks for June and July appeared first on Coinpedia Fintech News

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.

Top Metaverse Coins to Watch in the Coming Months 

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).

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.