The Sandbox

Bitcoin

Axie Infinity

Coin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/metaverse-tokens-lose-investor-appeal" data-wpel-link="internal" rel="noopener noreferrer nofollow">Metaverse Tokens Lose Investor Appeal</a><br></p>
<p style="text-align: justify">Recent trends in the cryptocurrency market reveal a diminished interest in metaverse-related tokens. This phenomenon is not unprecedented, as tokens often experience temporary hype but fail to sustain long-term enthusiasm. Notably, tokens like SAND have seen a decline in investor interest as new tokens in diverse sectors, such as artificial intelligence, gain traction.</p>
<h2 id="axie-infinity-axs-june-predictions">Axie Infinity (AXS) June Predictions</h2>
<p style="text-align: justify">In the last 30 days, the overall cryptocurrency market value surged by 17%, with <a href="https://en.bitcoinhaber.net/volatility-strikes-key-resignations-at-grayscale-and-uncertainty-in-bitcoins-future" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> briefly surpassing $70,000. However, it failed to maintain this level due to various market events, including a hack at the Japanese crypto exchange DMM Bitcoin on May 31. Predictions for AXS Coin in June anticipate a challenging period despite its popularity in the play-to-earn sector. Its price saw a modest increase of 11%, but a drop below the 20-day EMA suggests waning investor interest.</p>
<p style="text-align: justify">The 20-day EMA is crucial for forecasting short-term price movements, reflecting an asset’s average price over the past 20 days. A fall below this level typically signals a sell-off. If selling pressure persists, AXS Coin’s price might plummet to $7.3, potentially declining further to $6.76.</p>
<h2 id="the-sandbox-sand-june-predictions">The Sandbox (SAND) June Predictions</h2>
<p style="text-align: justify">The Sandbox (SAND) token has seen minimal activity recently. The MACD indicator for SAND shows a sell signal, with its short-term average falling below the long-term average. The metaverse sector’s waning hype has been overshadowed by interest in AI, PolitFi, new meme coins, and RWA tokens. The once-popular trend of buying metaverse lands has diminished, and long-term losses have become evident.</p>
<p style="text-align: justify">However, the integration of <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">AI-powered</a> story and image creation by robust metaverse projects might alter the landscape. The June forecast for SAND Coin warns of a potential drop to $0.36 if it fails to close above $0.4. This trend could shift if Bitcoin and ETH ETF listings avoid triggering a sell-the-news event.</p>
<h2 id="key-takeaways-for-investors">Key Takeaways for Investors</h2>
<p style="text-align: justify">• Monitor the 20-day EMA for AXS Coin as an indicator of investor interest.<br> • Watch for AI integration in metaverse projects as a potential game-changer.<br> • Be cautious of sell signals from MACD indicators for SAND Coin.<br> • Stay updated on significant market events, such as Bitcoin and ETH ETF listings, which could influence token prices.</p>
<p style="text-align: justify">The evolving dynamics in the cryptocurrency market, particularly concerning metaverse tokens, demonstrate the volatility and shifting interests among <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">investors</a>. Remaining informed and vigilant is crucial for navigating this landscape.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/metaverse-tokens-lose-investor-appeal" data-wpel-link="internal" rel="noopener noreferrer nofollow">Metaverse Tokens Lose Investor Appeal</a></h5>

Metaverse Tokens Lose Investor Appeal

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