The last month has been fantastic for Metaverse tokens, which have soared to unprecedented heights as a result of the news of Facebook’s renaming to meta. However, it will be interesting to see how they progress from here.
Axie Infinity and Sandbox tokens saw a surge in interest after a Bank of America strategist made bullish statements about the metaverse. The prices of the two metaverse tokens continue to rise as investor interest grows.
Bank of America Bullish Comments on Metaverse Tokens
The metaverse, according to a Bank of America strategist, presents a big opportunity for blockchain technology. Haim Israel, managing director of the worldwide thematic research team, believes that cryptocurrency will become popular as a result of metaverse acceptance.
In the Axie Infinity metaverse, a digital parcel of land was recently sold for more than $2.5 million. Following that, Decentraland real estate sold for $2.4 million, adding to the list of digital pieces of land that have sold for a significant price.
Adidas announced a four-way agreement to bring fashion to the metaverse in the last week of November 2021. Adidas has partnered with Bored Ape Yacht Club, Punks Comic, and crypto investor Gmoney, who have all posted images of their NFT characters dressed in the brand’s attire.
Balenciaga has created a new department to promote its metaverse efforts.
Cryptocurrencies have piqued the interest of traditional payment companies, who see their utility in the metaverse. The prices of Axie Infinity and Sandbox have risen in the last 24 hours, maintaining their upward trend.
Axie Infinity is favored by “Woolfie,” a cryptocurrency specialist on YouTube. The next price objective for AXS has been established at $150 by the analyst.
Coming to SAND Price, cryptocurrency specialist Tyler Hill has discovered a symmetrical triangle. If the asset’s price breaks out of a positive trend, the pattern is bullish, according to the expert. Hill expects Sandbox pricing to break out to the upside, with a 30% price increase predicted.