{"id":3341,"date":"2022-03-28T03:57:28","date_gmt":"2022-03-28T03:57:28","guid":{"rendered":"https:\/\/metaverseplanet.net\/blog\/?p=3341"},"modified":"2025-12-30T07:52:44","modified_gmt":"2025-12-30T07:52:44","slug":"analyst-identifies-5-metaverse-coins","status":"publish","type":"post","link":"https:\/\/metaverseplanet.net\/blog\/analyst-identifies-5-metaverse-coins\/","title":{"rendered":"Analyst Identifies 5 Metaverse Coins: Quick Rise Potential!"},"content":{"rendered":"\n

The most recent trend in 2021 has been metaverse coins\/tokens for play-to-win (P2E)<\/a><\/em><\/strong> games. According to a popular crypto analyst, a blockchain-based gaming ecosystem and other specific altcoins could join this momentum as an Ethereum rival prepares for a rally.<\/p>\n\n\n\n

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ETH-based metaverse and NFT coin projects could rally if Bitcoin \u201cplays nice\u201d<\/h2>\n\n\n\n

Commencing with a recently launched altcoin, Altcoin Sherpa advises caution regarding the risk\/reward ratio (R:R) of ApeCoin (APE). ApeCoin<\/a><\/em><\/strong>, created by the founders of Bored Ape (BYAC) and currently boasting a market cap rapidly surpassing $2 billion, is under scrutiny:<\/p>\n\n\n\n

The bullish market structure on the lower timeframes remains intact; however, the analyst expresses reservations about the R:R, considering it may not be favorable for a swap. From an investment perspective, the coin is deemed to have a very high valuation. Despite this, it has demonstrated the potential for being acquired during a dip.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

\u201cTime to take profit\u201d<\/h2>\n\n\n\n

Altcoin Sherpa is also cautious about the enterprise-grade Blockchain platform Phantom (FTM). Following a tweet on March 19, he advises investors to reduce their risk, expressing the belief that there won’t be a “full” alt season, where altcoins significantly outperform Bitcoin (BTC).<\/p>\n\n\n\n

He reminds investors to consider taking profits in altcoins, specifically mentioning the $2.70 purchase of FTM and suggesting that waiting for it to reach that level may not be realistic. The advice implies a strategic move to minimize losses or secure gains.<\/p>\n\n\n\n

Metaverse coin projects AXS and SAND exhibit similar price movements<\/h2>\n\n\n\n

Sherpa then examines the Ethereum-based metaverse coin The Sandbox (SAND). He notes that the price action is reminiscent of another metaverse game, Axie Infinity (AXS):<\/p>\n\n\n\n

The chart appears similar to the previous AXS. If AXS starts experiencing significant upward movement, considering investments in other metaverse coin projects, including The Sandbox, might be a prudent move. Sherpa suggests that these remaining projects could perform well in such a scenario.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The crypto strategist expresses optimism about the scaling solution protocol Near (NEAR), suggesting that it could exceed $16 if Bitcoin (BTC) experiences a rise as well. Analyzing the technical chart, he states:<\/p>\n\n\n\n

Assuming BTC performs well, I believe we will reach $16 or even higher in the upcoming weeks. The chart has been consolidating for the past two months, and it seems poised for an expansion soon.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n


Bitcoin (BTC) is currently trading at $44,556.89, aiming to reach the $45,000 resistance level at the time of writing. As reported by Metaverseplanet.net<\/em><\/strong>, the support from Terra’s more than 3 billion Bitcoin purchases has been a contributing factor for the bulls this week.<\/p>\n\n\n\n

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    The most recent trend in 2021 has been metaverse coins\/tokens for play-to-win (P2E) games. According to a popular crypto analyst, a blockchain-based gaming ecosystem and other specific altcoins could join this momentum as an Ethereum rival prepares for a rally. ETH-based metaverse and NFT coin projects could rally if Bitcoin \u201cplays nice\u201d Commencing with a …<\/p>\n","protected":false},"author":1,"featured_media":2512,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAown96uCw:productID":"","footnotes":""},"categories":[322],"tags":[319],"class_list":["post-3341","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metaverse1","tag-metaverse-blog"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/posts\/3341","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/comments?post=3341"}],"version-history":[{"count":0,"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/posts\/3341\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/media\/2512"}],"wp:attachment":[{"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/media?parent=3341"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/categories?post=3341"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/tags?post=3341"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}