These 5 altcoins are on fire: Is the Metaverse trend coming back?

The rise of leading altcoins in the Metaverse in the last week gave signals that the trend could reverse.

With Bitcoin holding above $95,000, the momentum of altcoins has accelerated. Particularly, altcoins related to Metaverse have stood out with their rise. The performance of Metaverse projects in the past week has brought the bull season of 2021 to mind. So, which altcoins could explode with a potential Metaverse trend?

1- The Sandbox (SAND)

SAND, which has increased by 120% in the last week, has almost carried the Metaverse trend. SAND, which has shown a good performance compared to not only altcoins in this category, but also the overall market, has made its investors happy. The $1 band can be followed as a resistance for the popular altcoin.

2- Decentraland (MANA)

MANA, one of the popular projects in the Metaverse space, has recorded a 60% increase in the last week. MANA, which experienced a surge after a long time, broke the $0.50 mark with significant volume. If the Metaverse trend continues to return, the upward momentum in the pair may continue.

3- Axie Infinity (AXS)

AXS, operating in the Metaverse/GameFi categories, has shown a 50% performance in the last week. The popular altcoin, surpassing 8 dollars, reminded the bull run in 2021. Depending on the trends, AXS’s price will experience volatility.

4- Enjin Coin (ENJ)

ENJ, which made a lasting impression with the bull run in 2021, has increased by 40% in the last week. Reaching a market value of 500 million dollars again, ENJ continues to give bullish signals. With a possible trend reversal, the target for ENJ could be the $0.50 band.

5- Yield Guild Games (YGG)

Another altcoin active in the Metaverse/GameFi field, YGG has increased by 70% in the last week. Standing out with its support for gaming projects, YGG seems to have the wind at its back. The resistance level that YGG investors should pay attention to will be $0.75. Breaking through this level could accelerate the rise even further.

This article does not contain investment advice or recommendation. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.