Recently, the Axie Infinity (AXS) and The Sandbox (SAND) cryptocurrencies have been the subject of a lot of speculation and analysis. Charts showcase that their prices could soon spike back up after the bearish market downtrend. However, another cryptocurrency can achieve the most significant gains, and that’s Watchvestor (WVTR). Today, we will look at each project individually to see how far they can climb.
Axie Infinity (AXS) Price Prediction
The recent market volatility caught Axie Infinity (AXS) investors off-guard. However, as the industry continues to advance, a new narrative can emerge for the project. The Axie Infinity price chart reveals a falling wedge pattern.
Moreover, the crypto failed to break free throughout the past few months. This has raised a lot of concerns surrounding its ability to sustain the current price trajectory.
Subsequently, the current Axie Infinity price might gain the upper hand and drive it below the nearest support level. Despite the recent performance, the Axie Infinity crypto is trading below the 20,50, 100, and 200-day EMAs.
Consequently, based on the on-chart data, the cryptocurrency has massive growth potential, as it still has a market cap of $645,077,157, even despite averaging a price point of $5 during the year. According to the Axie Infinity price prediction, it can reach $7.73 by the end of 2023.
The Sandbox (SAND) Future Outlook
Trading between $0.30 and $0.40 throughout the year, The Sandbox (SAND) has been underperforming. Its annual decrease has been by 68.9%, and this has left many worried about the future of The Sandbox cryptocurrency. The altcoin still has a market cap of $677,816,426; however, it is expected to see a price upswing soon. Based on the on-chart activity, the current The Sandbox’s price prediction indicates that it will climb in value to $0.54 by the end of the year.
With this in mind, it does currently need to break past $0.40 in order to reach these gains, which is a possibility for The Sandbox only if it picks up the pace. For the time being, however, the short-term outlook for this cryptocurrency is uncertain, and many investors even began to look elsewhere and diversify their holdings from The Sandbox.
Investors Diversify with Watchvestor (WVTR) Will Reach $0.5
Aside from Axie Infinity and The Sandbox, Watchvestor (WVTR) also showcased a massive increase in investor count. During the early presale period, the WVTR token trades at just $0.03.
Subsequently, according to a technical analysis conducted by experts, the crypto will climb to $0.35 by the time it launches. The platform aims to make the luxury watch investment segment accessible to anyone. It disrupts the notion of watches being only available to the extremely wealthy by minting each watch as an NFT.
Moreover, each NFT is backed by a real-world watch that has been authenticated, and the serial codes and other important certificates are stored in the metadata. Anyone can buy brands like Richard Mille, Rolex, Patek Phillippe, and others for as little as $10. With the luxury watch market being valued at $42.21 billion in 2022, it’s clear that interest is high, and through Watchvestor, anyone can now be a part of it.
Find out more about the Watchvestor (WVTR) Presale Today
Telegram Community: https://t.me/WatchvestorOfficial