The concept of the metaverse is now a reality thanks to projects like Axie Infinity (AXS), The Sandbox (SAND), and Kangamoon (KANG). This article explores the recent developments in these projects and their contributions to the metaverse landscape.
Axie Infinity (AXS): Wallet Surge
Axie Infinity (AXS) has seen a remarkable surge in active wallets. In fact, Axie Infinity saw a staggering 77% increase in a single day. This notable uptick in user engagement reflects the growing popularity of the play-to-earn model.
Furthermore, active Axie Infinity deposits increased and the supply on exchanges decreased. Meaning buying pressure surpassed selling pressure. These factors combined make the Axie Infinity crypto one to watch.
Due to all these reasons, market analysts forecast that the Axie Infinity price may surge to $7.73 before the year ends.
The Sandbox (SAND): A Bold Statement
While the metaverse is gaining momentum globally, the co-founder of The Sandbox (SAND) made a bold statement. Sebastien Borget said the concept is “dead” in the West but “so hot” in Asia. This assertion highlights the contrasting attitudes towards the metaverse in different regions. For example, the metaverse is becoming an integral part of daily life in Asia.
In other The Sandbox news, Borget hinted at a significant development – the launch of Lion City. This new addition to the Sandbox metaverse aims to spotlight Singapore’s rich culture.
Collaborating with global brands, Lion City will become a vibrant hub within The Sandbox. About price predictions, experts remain confident that The Sandbox price will reach $0.54 within Q4 of 2023.
Kangamoon (KANG): Memecoin Revolution
Amid this Axie Infinity and The Sandbox evolution, Kangamoon (KANG) is making its mark. Beyond the traditional meme coin model, Kangamoon offers a play-to-earn gaming experience. Players embody the energetic Kangamoon, engaging in virtual boxing matches and quests to earn valuable in-game assets.
These assets can be traded or sold within the game’s marketplace, creating a digital economy within the Kangamoon ecosystem. This opens up opportunities for players to invest in their virtual assets, making Kangamoon more than a meme coin.
Kangamoon is a testament to the growing trend of blockchain-powered economies. As more projects explore the possibilities of these virtual realms, Kangamoon stands out as a pioneer.
The platform’s native token, KANG, has a value of $0.005. But, Newzoo reports that by 2024, there will be over 3B players in the games market. Thus, KANG’s long-term growth is impressive. As a matter of fact, analysts predict its value could grow by 220% by the completion of its presale.
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