The crypto space is constantly evolving and it is difficult to keep up with all the new coins. This article will look at some of the best metaverse cryptocurrencies you should follow in May.
Table of Contents:
Ontology (ONT)
ONT is ontology’s cryptocurrency, a distributed ledger technology that uses consensus protocols and verifiable rules to ensure security and integrity. The price of ontology will most likely increase in the future and should be a good investment.
ONT is built on the Ontology Blockchain. It is a high-speed, low-cost public chain that provides decentralized identity and data solutions to other chains in Web3.
In a time frame of 1w, the price action of $ONT/USDT formed a falling wedge chart pattern. The price is consolidating within the wedge. Therefore, we must wait for a breakout or failure to confirm its next move.
ApeCoin (APE)
In a recent partnership, ApeCoin is working with tokenproof to make the system more secure. Tokenproof is an app that allows NFT owners to authenticate ownership of NFTs, so that they remain safe on the blockchain when they are stored in cold storage. As a result, investors with large Ethereum wallets are optimistic about the price of ApeCoin and predict that ApeCoin will be a top performer in 2022.
Over a 1H time frame, the price action of $APE/USDT formed a descending triangle chart pattern. The price is the test above the support zone. We have to wait for a successful breakout.
Decentralization
The Decentraland ecosystem has just welcomed the release of a new game on its network called Megacube 2. With more projects looking to launch on the MANA platform, we could see the price of the token rise. MANA is one of the most successful cryptocurrencies on the market and in recent years has been one of the best performing tokens.
Over a 4H time frame, the price action of $MANA/USDT formed a cup chart pattern and reverse handle. The price is moving inside the handle and is about to break the handle. If it breaks successfully, the model will be confirmed. Then the price will drop further.
conclusion
Discipline and patience are the most important components of a successful trade. According to the above analysis, the coins we just discussed could make you earn decently if other market conditions prevail favorably. Again, it’s your hard-earned money that you’ll be using. Do your research before investing.
