Crypto News

NFT platform tokens to take your collection to the next level

  • The Sandbox (SAND), Axie Infinity (AXS), theta Network (THETA) and Decentraland (MANA) are all tokens that have growth potential.

  • Each of these projects is aimed at the area of ​​non-fungible tokens (NFTs) specialized and has undergone numerous updates.

  • All of these tokens are likely to appreciate in value by the end of May 2022, and we’ll discuss exactly how much.

On May 4th, 2022, we saw the announcement of Dubai’s Virtual Assets Regulatory Authority (VARA) in the open metaverse.

Specifically, it was announced that The Sandbox (SAND) would provide a responsible, creative platform that enables individuals to own their intellectual property and monetize their assets.

The United States Treasury Department’s Office of Foreign Assets Control (OFAC) announced that it will sanction cryptomixer Blender.io for its role in laundering proceeds from the hacking of Axie Infinity’s Ronin Bridge.

This could lead to increased user confidence in the Axie Infinity (AXS) project.

Additionally, non-fungible tokens (NFTs) are coming to the Theta Network (THETA) in collaboration with Sony. Theta Labs CEO Mitch Liu said that Sony’s Spatial Reality Display gives NFTs tremendous potential for 3D visualization.

Decentraland (MANA) has seen a huge influx of developments and updates. Notably, on May 4th, Decentraland shared their latest security update, where they discussed how they would keep the community safe.

This is what awaits you in this article

Should You Buy The Sandbox (SAND)?

On May 9, 2022, The Sandbox (SAND) was valued at $1.90.

That all-time high of The Sandbox (SAND) was on November 25, 2021 when the token was worth $8.40.

If we look at the performance over the last month, The Sandbox (SAND) peaked on April 2nd at $3.64. Its lowest value was $2.13 on April 30.

This represented a loss of $1.51, or 41%. However, the SAND token may rally and reach as high as $2.5 by the end of May 2022, making it a solid buy.

Should You Buy Axie Infinity (AXS)?

On May 9, 2022, Axie Infinity (AXS) was valued at $29.25.

NFT platform tokens to take your collection to the next level, Crypto Trading News

If we look at the token’s all-time high, Axie Infinity (AXS) was valued at $164.90 on November 6, 2021.

If we look at the previous month’s performance, Axie Infinity (AXS), its high, was $74.86 on April 2nd. However, its low was on April 30 at $31.07.

Here we see that AXS is down $43.79 or 58%. However, with the latest developments and updates, it could bring back player confidence and climb to $50 by the end of May 2022.

Should You Buy Theta Network (THETA)?

On May 9, 2022, Theta Network (THETA) was valued at $2.

NFT platform tokens to take your collection to the next level, Crypto Trading News

Theta Network (THETA) surpassed the token’s all-time high and reached its ATH of $15.72 on April 16, 2021.

If we look at performance in April, Theta Network (THETA) had its highest on April 1st at $4.35 while its lowest was on April 30th at $2.40.

This represented a loss of $1.95, making the $2 price point a solid entry point for new investors. THETA may reach $3 by the end of May 2022.

Should You Buy Decentraland (MANA)?

On May 9, 2022 Decentraland (MANA) was valued at $1.25.

NFT platform tokens to take your collection to the next level, Crypto Trading News

If we look at its all-time high, Decentraland (MANA) reached its ATH of $5.85 on November 25, 2021.

Looking at the performance of the token in April, Decentraland (MANA) had its highest value on April 2nd at $2.75.

Its low was on April 30 at $1.54. Here we see a drop of $1.21 or 44%. However, MANA may actually hit $2 by the end of May and be on the way to recovery based on recent updates.

Source: Crypto News Deutsch

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