Metaverse Tokens Crash Amid Broader Market Correction

The Metaverse tokens crash amid the broader market correction and coins like Sandbox, Enjin Coin, Decentraland, and Axie Infinity all tumbled by about 6% in the past day so let's read more today in our latest altcoin news. The heavyweights in BTC and BTC, the popular metaverse tokens crash amid the broader market correction.

Timeline of Axie-infinity, Enjin-coin, Decentraland, The-sandbox

Metaverse has proved to be a very diverse opportunity for financial institutions to jump in. The Sandbox announced that KEB Hana Bank will be entering into the digital virtual world with them.

Decentraland remains one of the largest metaverse projects by market cap (Worth $1.6B, at press time), despite the latest bear market. In fact, MANA enjoyed a strong bullish performance in 2021 on the back of the metaverse's hype.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the opinion of the writer. On a higher timeframe chart, Axie Infinity [AXS] formed a range since mid-June.

Axie Infinity co-founder and CEO Trung Nguyen recently took to Twitter to inform the community that “nature is healing.” The fall of Axie Infinity At its peak, the Pokemon-inspired play-to-earn game was trouncing the competition.

Paris, France, 8th July, 2022, Chainwire The metaverse has gained momentum recently, and it is predicted to continue to expand in the years to come. Metaverse Summit, with its co-organizer The Sandbox, supports the development of various industry stakeholders and assists brands, start-ups, and corporations in determining their position and metaverse strategy.

AXS could recapture its former glory if market participants view the launch of land staking, increasing activity on the Ronin bridge and upcoming roadmap targets as bullish catalysts.

The SAND token is having a blast after a recent 12% surge in one day and the coin was one of the most active cryptocurrencies recently so let's have a closer look at today's latest altcoin news. After reaching a low of $1.13, the SAND/USD pair reached a high of $1.28.

Since May 16, Enjin Coin (ENJ) has been in the process of creating a bullish pattern that has been combined with bullish divergence in the RSI. The post Enjin Coin (ENJ) Creates Bullish Double Bottom Pattern appeared first on BeInCrypto.

Sandbox (SAND) was one of the most active cryptocurrencies on Thursday, with values increasing by as much as 14 percent. After reaching a low of $1.13 on Wednesday, the SAND/USD pair reached a session high of $1.28 earlier today.

The latest report on the Axie Infinity/ Ronin bridge hack is too good to be true. Especially considering the FBI claims a North Korea-sponsored hacking group is responsible for it.