These 3 play-to-earn tokens could return massively once the bull market returns


Play-to-earn (P2E) games, digital platforms that let users earn rewards by playing, are gaining popularity. Their concept of allowing gamers to monetise their games has boosted the value of their in-game currencies. Cryptos native to Decentraland, Sandbox, and Axie infinity has the potential to rally post the bear market.

Decentraland MANA

Topping is Decentraland (MANA/USD), an Ethereum-based token, ranked # 47 with a valuation of $1.3 billion. It powers Decentraland, a blockchain comprising Games, NFTs, and user-managed experiences. The Decentraland concept is big on LAND NFTs, also referred to as virtual platforms that enable users to interact.

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From the daily chart, MANA is consolidating at $0.603 support after a trend of lower highs and lower lows. If the level does not hold, the token could find lower support. On the contrary, $0.671 is the immediate resistance.

Where to buy MANA

eToro

eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in.

It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest.

eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.


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Binance

Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600.

Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.


Buy MANA with Binance today

The Sandbox SAND

Second on the best P2Es to watch is Sandbox (SAND/USD), currently trading at $0.7472, with a market cap of $1 billion. Although the price is a fraction of its $7.5 ATH, the platform is ranked as one of the largest GameFi platforms. Sandbox has been attracting corporate investors, the latest being Paris Hilton for cryptoween experience.

1666716797686 bec2efb7 5f43 4722 80dc c148bbddef35Source: TradingView

According to the daily chart above, SAND has been on a strong sell-off. The possible retracement levels in the next leg up are $0.86, $0.95, $1.03, and $1.10, all at the Fibonacci levels.

Where to buy SAND

eToro

eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in.

It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest.

eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.


Buy SAND with eToro today

Binance

Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600.

Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.


Buy SAND with Binance today

Axie Infinity AXS

The NFT-based online game, developed by Sky Mavis, had significant success last year. Its native token, AXS, traded at the peak of $160. However, the crypto winter has since eroded the gains to as low as $9 at the moment, representing a market cap of $1 billion. As CoinJournal reported, news of unlocking more Axie Infinity Shards contributed to the latest decline.

Despite the huge selloff, Axie Infinity remains a strong P2E platform, recently releasing Game Raylights, the first blockchain land mini-game. With its popularity among play-to-earn investors, it has the potential to return big gains in the next bull run.

1666716840281 b286ba5f 8400 4393 b766 5ee3db0aed89Source: TradingView

AXS lost $12 support on October 5. The momentum indicator, RSI, is at 33, above the oversold zone, meaning AXS could be due for a trend reversal.

Where to buy AXS

eToro

eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in.

It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest.

eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.


Buy AXS with eToro today

Plus500

Plus500 is a leading provider of Contracts for Difference (CFDs), delivering Leveraged trading on +2,000 financial instruments, including Forex, Commodities, Indices, Shares, Options and Cryptocurrencies. CySEC license number (#250/14)


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