The demand for Metaverse projects has increased greatly with the popularization of play-to-win games and a number of large companies turning to this area. Cryptocurrencies of projects such as Axie Infinity, Decentraland and The Sandbox have recorded high value increases in recent times.

Axie Infinity (AXS)

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Axie Infinity, an Ethereum-based online video game, has gained a serious upward momentum with the spread of NFTs and play-to-earn model games. AXS, which was traded at 0.50 cent price levels at the beginning of 2021, recorded high value increases within 1 year and rose to 164 USD price levels. AXS has pulled back a bit after the peak levels it recorded, as the leading cryptocurrency Bitcoin started to record losses and the market showed a general downward trend. AXS, which fell to the price levels of 135 USD for a short time during the week, recovered somewhat and started trading at 145 USD price levels again and managed to stay above the support level in the USD 140 region.

Decentraland (MANA)

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Decentraland, the virtual reality platform developed on the Ethereum blockchain, has recorded very serious increases in value in the last 1 month. MANA, which was traded around 0.70 cents in October, managed to exceed the price levels of 3 USD with the upward momentum it gained. Unlike most crypto assets, which fell with the spread of the Evergrande bankruptcy news, MANA continued its upward price movements in the weekly time frame, keeping its rises. MANA, which was traded at the price levels of 2.97 USD last week, started to be traded at the price levels of 3.30 USD with the rises recorded during the week.

The Sandbox (SAND)

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Contrary to the general coins, one of the altcoins on the rise was SAND, the native token of The Sandbox gaming platform. SAND, which surpassed the resistance level of 1 usd and approached the price levels of 3 usd in a short time like a month, continued to rise on the weekly chart. SAND started trading at the price levels of 2.87 usd, with the rises that it started to record from the price levels of 2.70 usd in 1 week.

The information contained in this article does not constitute investment advice. Investors should know that cryptocurrencies carry risks due to their high volatility and should perform their transactions in line with their own research.