Despite the general downturn in the market, Web3 Gaming has experienced significant growth recently, with gaming tokens like Axie Infinity and Sandbox showing resilience. This indicates potential for higher price rallies. Key highlights: – The crypto gaming sector in the Web3 space has recorded a 29.3% increase, performing better than average market gains of 17.9%.
– Sandbox price is 40% away from challenging the double bottom reversal pattern’s key resistance. – Axie Infinity price shows a potential breakout in the near term after a long accumulation phase. Sandbox Price Analysis: – Sandbox price increased from $0.223 to $0.86, registering a 288% growth in the past three weeks.
– A double bottom reversal pattern with a neckline at $0.82 can result in a 75% upside potential if the pattern holds true. Axie Infinity Price Analysis: – The Axie Infinity price has been consolidating between $3.9 and $13.7 since September 2022. – A potential breakout above $13.7 could signal a major trend change and 80% growth in the near term.
As per Coingecko data, the Gaming (GameFi) Coins market cap is $25.4, with an intraday gain of 4.2%. The 24-hours trading volume holds at $5.59 Billion.
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<p>The post Web3 Gaming Beats Market Correction: Sandbox, Axie Infinity Tokens Show Resilience first appeared on CoinBuzzFeed.</p>
