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After last week’s plunge, the cryptocurrency market is stabilizing and sales volumes are declining. This means that if we see a move up within a week, it could be a great time to start looking for buying opportunities. But where would such a rally come from? What could cause it? Well, it would depend a lot on the news. It points out that there is a possibility that
The latest news about the Metaverse comes from South Korea. National regulators are working on a framework to track the rapid growth of the metaverse in the country. Although these are long-term plans, the market is likely to react positively to the news, which means potential growth for the top metaverse cryptocurrencies.
With this in mind, let’s take a look at the top three Metaverse cryptocurrencies to watch this week.
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Binance is one of the largest cryptocurrency exchanges in the world. Suitable for more experienced investors, with over 600 cryptocurrencies to choose from. Binance is also known for its low trading fees and multiple trading options that users can benefit from. Peer-to-peer trading, margin trading, spot trading.
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Decentraland (MANA) is one of the top Metaverse cryptocurrencies by market capitalization and one of the best performing cryptocurrencies in the November 2021 Cryptocurrency Rally. However, it has lost a lot of value since then and is currently trading below $0.80. This makes it very affordable for most investors, and MANA could rise as news of South Korea penetrates the market. Because it is one of the largest Metaverse cryptocurrencies on the market today and easily accessible to even the uninformed investor.
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Bitstamp is a leading cryptocurrency exchange that offers trading fiat or popular cryptocurrencies. Bitstamp is a fully regulated company that offers its users an intuitive interface, high security of their digital assets, excellent customer support and multiple withdrawal methods.
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Sandbox (SAND) is another big stake in the metaverse cryptocurrency that could do well if it picks up momentum this week. Like Decentraland (MANA), the Sandbox (SAND) has a larger, more visible Metaverse cryptocurrency around it that month where he can benefit if FOMO occurs. is one. In addition to being one of the largest Metaverse cryptocurrencies, SAND is highly undervalued at its current price due to its growing ecosystem of games and other virtual assets.
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Bitstamp is a leading cryptocurrency exchange that offers trading fiat or popular cryptocurrencies. Bitstamp is a fully regulated company that offers its users an intuitive interface, high security of their digital assets, excellent customer support and multiple withdrawal methods.
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Axie Infinity (AXS) is one of the top cryptocurrencies building one of the fastest growing play-2-earn ecosystems in cryptocurrency. One of the most expensive NFT collections on the market. The deepening P2E metaverse makes Axie Infinity much more likely to grow in the long term.
In the short term, Axie Infinity has everything needed to trigger FOMO should the Metaverse cryptocurrency start gaining momentum. One aspect of Axie Infinity’s potential for resilience is its proven resilience in the face of adverse events. For example, the price of Axie Infinity remained stable throughout the Ronin hack.
This, and the fact that Axie Infinity is currently trading at record lows after its recent all-time high, is very attractive to investors. Axie Infinity’s buying volume has already increased, indicating that the bulls are dominating the market and potentially a big move could be underway.
