Hot New Trend
Facebook recently announced that they are changing their name to Meta as part of the company’s effort to rebrand from a social media company to a metaversal company.
It’s likely that more and more tech giants will turn their attention to this hot new trend. And where the giants go, the money follows:
NFT gaming firm The Sandbox raises $93 million in round led by SoftBank
Firm backed by Alan Howard, Winklevoss twins closes $100 million Metaverse fund
It is therefore unsurprising that we have seen a large uptick in Metaversal projects and Metaversal cryptos.
In this context, Metaverse refers to a project or coin that is either building or helping to build a virtual world. Consider these 3 Metaverse coins
MANA/USD
Still bullish MANA.
Had a big pump and now some sideways action.
Long term accumulation here seems more beneficial compared to short term plays.
AXS/USD
Continuing to perform well and get funding.
As long as the crypto bull market continues, this seems like one of the safer bets; as one of the most well known metaverse projects.
ENJ/USD
Big breakout right into resistance.
Hasn’t broken ATH yet so has potential for a pump and explosive move up.
Potential level to be reclaimed for breakout: $3.5