Will Metaverse Coins Make a Comeback In June 2023?; $MANA, $SAND, $AXS Price Analysis

Decoupling from the broader market sentiment, the Metaverse coin has experienced significant growth for nearly two weeks. These meta coins on a recovery streak are gradually reclaiming higher ground, offering traders the opportunity to take long entries.

Timeline of Axie-infinity, Decentraland

In a week filled with positive developments, the metaverse market has witnessed a surge in value, with various metaverse tokens experiencing notable gains ranging from a solid 2% to an astounding 28%.

Axie Infinity Origins, the blockchain-based, play-to-earn (P2E) game, has successfully cleared Apple's rigorous App Store review process and the game's app is now available for Apple iOS users.

On Wednesday, the renowned game developer Sky Mavis revealed the release of the Origins crypto game on Apple's App Store, allowing individuals from selected countries to enjoy the game seamlessly. The update triggered increased on-chain activity on Axie Infinity's platform (within the Ethereum blockchain). That confirmed surged appetite from retail participants.

Makers of Axie Infinity are hopeful that launching the game on the Apple platform will spurt growth. They are also hopeful of Apple making policies friendlier for NFTs in the future.

Decentraland (MANA) is currently ahead of the rest of the crypto market after seeing almost double-digit gains in the last day. This incredible recovery comes at a time when the broader crypto market is following in the steps of Bitcoin and shedding most of its first quarter's gains.

The latest price moves in bitcoin (BTC) and crypto markets in context for May 17, 2023. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.

Axie Infinity (AXS), the blockchain-based trading and battling game, is showing positive momentum today. According to data from CoinMarketCap, each AXS token is worth about $7.55 after recording as high as a 15% daily growth rate.

Blockchain-based gaming platform Axie Infinity (AXS) launched Axie Infinity: Origins on Apple's App Store — leading to a surge in the value of its AXS token. According to a May 17 statement, the new mobile game is a card-based strategy game created to onboard more people into the Axie Infinity ecosystem.

The cryptocurrency market saw net outflows of $2.6 billion over the last 24 hours and currently stands at $1.12 trillion — down 0.2% from $1.13 trillion. During the reporting period, the Bitcoin (BTC) and Ethereum (ETH) market caps fell 0.6% and 0.4% to $520.51 billion and $217.14 billion, respectively.

Decentraland (MANA) is visibly leading the altcoin charge today following its meteoric price growth over the past 24 hours. Within that time frame, the metaverse-focused token has jumped by 10.26% atop a spot price of $0.5193, sending a very bullish signal to the broader ecosystem that imbued utility can always propel a token to new heights.