Despite the overall market downturn, Web3 gaming has seen a significant increase in investments. This growth is evident in gaming tokens like Axie Infinity and Sandbox. Recent data from Arthemis shows that the crypto gaming sector has seen significant growth during the market correction. Sandbox’s price is up 40% and is now challenging the key resistance of the double bottom reversal pattern.
Meanwhile, Axie infinity has experienced a long accumulation phase, with a potential breakout in the near future. The Web3 gaming sector has experienced a 29.3% increase in growth, making it one of the top-performing categories. This performance is well above the average market gain of 17.9%, highlighting renewed investor interest and potential bullish momentum in blockchain-based gaming projects.
The Sandbox price has shown a remarkable increase of 288% in the past three weeks, forming a double bottom reversal pattern. If this pattern holds true, the Sandbox price could rise 40% before a decisive breakout from the neckline. The potential post-breakout rally could drive the asset 75% up to hit $1.44.
Similarly, Axie infinity has experienced a 74% surge during the accumulation trend. If buying pressure persists, this gaming token could rise 80% before challenging the key resistance of $13.7. A potential breakout from this resistance would signal a major trend change in Axie infinity coins.
Source
<p>The post Web3 Gaming Reigns Amid Market Correction: Sandbox & Axie Infinity Show Potential first appeared on CoinBuzzFeed.</p>
