Are AXS, SAND, And GALA Now The Only Source For 2X Gains Amidst Bear Season?

The post Are AXS, SAND, And GALA Now The Only Source For 2X Gains Amidst Bear Season? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

The crypto folks have now pinned their binoculars on diverse sectors of the industry. That includes, NFTs, metaverse, gaming projects, DeFis, amongst others. The quest for diverse offerings of the industry comes following the recent market crash. As a result investors and traders are in search of opportunities to buy the dips and incentivize their portfolio.

Successively, play-to-earn projects are now under the active radar of investors and traders. Owing to the wide array of offerings that the projects host. Consequently, Axie Infinity, The Sandbox, and Gala Games have emerged as the top picks of the folks from the business.

Will These Projects Bring Virtues To Investors Sack Of Cryptos?

Axie Infinity (AXS):

  Axie Infinity has been a renowned contender from the world of blockchain-based P2E games. And is one not to miss out on with its gameplay, which lets players collect, breed, and battle with their Axies. The makers of the game have been empowering the protocol with events and developmental updates. In a recent feat, Axie Infinity has emerged as the first NFT series to cross the $4 B trades mark.

AXS at the time of press is changing hands at $50.30 with negative gains of 6.9%. The market cap of the digital asset is hovering around $3.5 B, while the volume of trades for around the clock is at $414,155, 297. The crypto asset has been trading in the 24-hours bandwidth from the lows of $46.54 to the highs of $54.78. The YTD returns of AXS are presently at 2632.4%.

The daily time frame chart suggests that the price action is in favor of the bulls. Learning from historic events AXS tends to accumulate prior to its run. And the digital asset seems to be doing the same. Last time AXS price had a catapulting flight of over 3000%. On the 4-hour chart, AXS has been waiting at current levels post rejection at $65. The asset would need impetus from the bulls for a rise from current levels, in the absence of which AXS could drop to $38.

The Sandbox (SAND):

  The project has been one of the bluechip protocols of the metaverse industry. The Sandbox has is escalating in prominence with its presence in the virtual world, gaming, relations with celebrities amongst others. In a recent land activity, the 7D average price of land Ξ4.3132, while the 7D volumes account for Ξ2,562.0291.

SAND at the time of writing is trading at $3.14 with negative gains of 4.4%. The market cap of the asset is floating around $3.4B, while the volume of trades for 24-hours is at $1,011,072,676. SAND price has been moving in the frequency from $2.86 to $3.31 since the previous day. The YTD returns of SAND are up 863.2%.

The 4-hour chart of SAND enlightens that, the digital asset has been under the control of the bulls since its inception. Post its rejection at levels around $4.5, the crypto asset is buckling up at $3.14 for another hit. Howbeit, SAND would need the support of the bulls to stay afloat above the support at $3. Successively, the intervention of bulls could take the price to levels around $3.70 to $3.75.

Gala Games (GALA):

 Gala games has been making its presence felt in the world of blockchain games. The ecosystem is powered by more than 16,000 player-run nodes. The most expensive NFT from the project is sold for $3M. The team constitutes of over 90 members, the platform boasts around 1.3 M active users. And till date over 26,000 NFTs have been sold.

GALA at the time of press is changing hands at $0.232 while incurring losses of 10.9%. The market cap of the digital asset is presently hovering around $1,751,518,042. In the interim, the volume of trades for 24-hours is at $1,062,429,690. GALA price has been trading along the bandwidth from $0.217 to $0.262 since the bygone day.

The digital asset initiated its league with a notable kick-start on the charts. However, post claiming its ATH, GALA has been trending southwards following sell-offs. The price of GALA was rejected at its resistance of $0.65. And is currently trying to stack up on numbers for a leg-up from support, for a breakout from the downtrend.

Summing up, the aforementioned projects have been emerging as capable ones to not miss out on for healthier returns. With the year expected to revolve around the diverse offerings of the business. Axie Infinity, The Sandbox, and Gala games are under the active consideration of older hands in the business.