Metaverse Tokens Outpace Top Cryptocurrencies This Week, What's Next?

Top metaverse tokens continue to soar higher amid skyrocketing interest in the space. After a decline in April, top metaverse tokens including ApeCoin (APE), Decentraland (MANA), The SandBox (SAND), and Axie Infinity (AXS) appear to have bottomed out, and are logging strong gains.

Timeline of Apecoin-ape, Axie-infinity, Decentraland, The-sandbox

Popular gaming token Axie Infinity (AXS) rallied over the past 24 hours after introducing land staking rewards, while crypto lender BlockFi also added support for the token. AXS jumped nearly 20% to $34.56, recovering sharply from a near one-year low hit earlier in the week.

The ApeCoin community has voted in favor of three proposals linked to staking ApeCoin (APE) and restructuring its governance. The AIP-21 and AIP-22 staking proposals have received 91.55% and 91.17% votes in favor, respectively.

The month of April not only demolished the March rally but was also responsible for the price bottoming of most of the cryptocurrencies. Decentraland's MANA suffered too along with the rest of the market and recorded a new low a few days ago.

On May 4th, the Apecoin(APE) price rebounded from the 0.786 Fibonacci retracement level($14) with a long bullish engulfing candle of 10% intraday gain. Furthermore, this sudden gain was bounded by the event that the Billionaire Elon musk had his Twitter profile picture changed to a collage of several Bored Ape NFTs.

Following one of the largest non-fungible token (NFT) mints in history and after apecoin transactions from the sale fueled Ethereum network fees, apecoin is now integrated with the Polygon (MATIC) network. On May 2, the Apecoin project announced that with Polygon support, APE is now available via MATIC's 19,000 decentralized applications (dapps) and games. Apecoin

Elon Musk, for some odd reason, manages to shake up the core of the cryptocurrency market each time he says, does, or even thinks something. On 4 May, Musk went ahead and changed his Twitter display picture to a collection of Bored Ape Yacht Club (BAYC) NFTs followed by a tweet about the same.

Axie Infinity price is trading around a crucial support level that is likely to trigger a massive run-up for early investors. On-chain metrics also support this asymmetric, no-brainer, and a bullish outlook for AXS.

APE just made a lot of noise, courtesy of another Elon Musk social media comment, which easily rouses the crypto market. Musk updated his Twitter profile photo on Wednesday to include various avatars from the Bored Ape Yacht Club collection of non-fungible tokens.

APE surges in one hour after Elon Musk put a BAYC Twitter profile picture which resulted in the 20% price increase as we can see more today in our latest altcoin news. The richest man on earth, Elon Musk, caused a stir once again in the crypto community after he decided to put a Bored

Elon Musk is yet again in the picture as he chooses Apecoin after Dogecoin and Shiba Inu. The popular and the largest Web3 token broke out of its comfort zone and rallied by nearly 20%. After Musk changed his profile pictures to Apes, the native token of the Board Ape Yacht Club(BAYC) ecosystem soared from …