After the sell-off over the past week, the cryptocurrency market is stabilizing while sales are declining. This means that if there is a rebound this week, this could be an excellent time to start looking for buying opportunities. But where does this backlash come from? What can trigger it? Well, a lot depends on the news, currently, news points to the Metaverse cryptocurrency as a possible big winner this week.
The latest news about Metaverse comes from South Korea. The country’s regulators are developing a framework to fast-track the growth of the country’s Metaverse. While these are long-term plans, the market is likely to react positively to the news, implying potential growth for the top Metaverse cryptocurrency.
With that in mind, let’s now take a look at the top 3 Metaverse cryptocurrencies to watch this week.
Decentraland (MANA)
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Decentraland (MANA) is one of the top Metaverse cryptocurrencies by market cap and is also 2021 One of the best performing cryptocurrencies in the November cryptocurrency rally. However, it has lost a lot of value and is currently trading at less than $0.80. That makes it affordable for most investors, and MANA could surge as the South Korean news hits the market. That’s because it’s one of the largest Metaverse cryptocurrencies on the market right now, making it easily accessible to even unsophisticated investors.
Sandbox(SAND)
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eToro is one of the world’s leading multi-asset trading platforms, offering some of the world’s lowest commission and expense rates in the industry. Its social copy trading feature makes it an excellent choice for beginners.
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Capital.com is a global broker offering its users over 200 cryptocurrencies. It comes with a range of features such as; excellent security, 24/7 support, demo account and various assets. Best of all, it also has no inactivity, withdrawal or deposit fees, which sets it apart from other cryptocurrency brands.
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Sandbox (SAND) is another big Metaverse cryptocurrency if Metaverse cryptocurrency Gaining traction this week, it might do well. Like Decentraland (MANA), Sandbox (SAND) is one of the larger and therefore more visible Metaverse cryptocurrencies that could benefit if there is FOMO around Metaverse this month. In addition to being one of the largest Metaverse cryptocurrencies, SAND also has a growing ecosystem of games and other virtual assets, making it severely undervalued at current prices.
Axie Infinity (AXS)
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eToro is one of the world’s leading multi-asset trading platforms, offering the lowest commission and fee rates in the industry. Its social copy trading feature makes it an excellent choice for beginners.
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Capital. com
Capital.com is a global broker offering its users over 200 cryptocurrencies. It comes with a range of features such as; excellent security, 24/7 support, demo account and various assets. Best of all, it also has no inactivity, withdrawal or deposit fees, which sets it apart from other cryptocurrency brands.
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Axie Infinity (AXS) is one of the top cryptocurrencies and it is building the fastest growing crypto space One of the fastest play-2-earn ecosystems. It has one of the most expensive NFT collectibles on the market. Axie Infinity has quite good long-term growth opportunities as the P2E Metaverse deepens.
In the short term, if the Metaverse cryptocurrency starts to gain upward momentum, Axie Infinity will have everything it needs to trigger FOMO. One thing that gives Axie Infinity the potential to bounce back is its proven resilience, even during adverse events. For example, during the Ronin hack, the price of Axie Infinity remained stable throughout.
This and the fact that Axie Infinity is currently trading from recent all-time highs to all-time lows makes it highly attractive to investors. Buying volume for Axie Infinity is already on the rise, suggesting that bulls are taking over the market and a potentially big move could be on the way.
