Play-to-earn (P2E) games, digital platforms that allow users to earn rewards by playing, are gaining popularity. Their concept of allowing gamers to monetize their games has boosted the value of their in-game currencies. Cryptos native to Decentraland, Sandbox, and Axie infinity have the potential to rally after a bear market.
Decentraland MANA
topping is Decentraland (MANA/USD), an Ethereum-based token, is ranked #47 with a valuation of $1.3 billion. It powers Decentraland, a blockchain that includes games, NFTs, and user-managed experiences. The Decentraland concept is big on LAND NFTs, also known as virtual platforms that enable users to interact.
Source: Tradingview
From the daily chart, MANA is consolidating at the $0.603 support level, which is followed by a trend of lower highers and lower lows. If the level does not remain stable, the coin may find lower support. Conversely, $0.671 is an immediate resistance.
where to buy mana
eToro
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Binance
Binance is one of the largest cryptocurrency exchanges in the world. It is better suited for more experienced investors and it offers a large number of cryptocurrencies to choose from, over 600. Binance is also known for low trading fees and multiple trading options that its users can benefit from, such as; Peer-to-peer trading, margin trading and spot trading.
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sandbox sand
Second among the best P2E to watch sandbox (SAND/USD), is currently trading at $0.7472 with a market cap of $1 billion. Although the price is a fraction of its $7.5 ATH, the platform is ranked as one of the largest GameFi platforms. The sandbox is attracting corporate investors, the latest for the crypto experience being Paris Hilton.
Source: TradingView
As per the daily chart above, SAND is in strong sell-off. Possible retracement levels in the next phase are $0.86, $0.95, $1.03, and $1.10, all Fibonacci levels.
where to buy sand
eToro
eToro offers a wide range of crypto, such as Bitcoin, XRP and others, along with crypto/fiat and crypto/crypto pairs. eToro users can connect with other users, learn from them, and copy or paste.
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bitstamp
Bitstamp is a leading cryptocurrency exchange that offers trading in fiat currencies or popular cryptocurrencies. Bitstamp is a fully regulated company offering users an intuitive interface, a high level of security for your digital assets, excellent customer support, and multiple withdrawal methods.
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AXI Infinity AXS
The NFT-based online game developed by Sky Mavis had a significant success last year. Its parent token, AXS, was trading at a peak of $160. However, the cryptocurrency winter has since reduced gains to as low as $9, representing a market cap of $1 billion. as coinjournal informed ofThe news of more Axie Infinity Shards unlocked contributed latest fall.
Despite the heavy sell-off, Axie Infinity remains a strong P2E platform, having recently released Game Raylights, the first Blockchain Land mini-game. With its popularity among investors who play to earn, it has the potential to return huge profits in the next bull run.
Source: TradingView
AXS lost the $12 support on October 5. The momentum indicator, the RSI, is above the oversold zone at 33, which means that the AXS could be headed for a trend reversal.
Where to buy AXS
eToro
eToro offers a wide range of crypto, such as Bitcoin, XRP and others, along with crypto/fiat and crypto/crypto pairs. eToro users can connect with other users, learn from them, and copy or paste.
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bitstamp
Bitstamp is a leading cryptocurrency exchange that offers trading in fiat currencies or popular cryptocurrencies. Bitstamp is a fully regulated company offering users an intuitive interface, a high level of security for your digital assets, excellent customer support, and multiple withdrawal methods.
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