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

On May 25, 2023

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.