Selecting just a few crypto assets from the thousands out there can be a tough call, but worry not, we’re here to guide you through the process. In this article, which is the third installment of a series of pieces, we’ll try to bring three to four tokens for everyone to follow through the upcoming days. Bitcoin (BTC), The Sandbox (SAND), Decentraland (MANA), and Basic Attention Token (BAT) are from this week’s list—read on to see why.
Bitcoin (BTC) is by far the largest crypto asset by market cap, and so its price movements have measurable impacts on the rest of the market. After the recent dip, Bitcoin is still keeping the faith of investors, as its valuation is reluctant to leave the neighborhood of $20,000. This means that even though BTC has been trading around $19-20,000 numerous times recently, it seems that buyers have the upper hand now, and sellers will have a hard time pushing and keeping the price down. In any case, whether BTC loses its grip and starts trading around $17-18,000 later this week, or manages to regain a stable $20,000 position remains to be seen.
The Sandbox (SAND) is among the most popular virtual realities of the crypto space. Users not only have the chance to own virtual plots (LAND) as NFTs (non-fungible tokens), but can also build their very own little world on them. The Sandbox is a project attracting users from all over the world with its unique Play-to-Earn (P2E) framework that essentially allows players to monetize their in-game progress through SAND tokens and in-game item NFTs. SAND is the native token of The Sandbox, with a market cap of around $1B.
Decentraland (MANA) is fairly similar to The Sandbox, albeit with completely different graphics and approach to a blockchain-based virtual reality. Decentraland, as its name suggests, is fully decentralized, as well as owned and directed by its community via MANA tokens. Users also have the chance to own almost every item in-game as an NFT, which opens exciting opportunities for anyone around the world.
As demand for virtual realities is surging, it will be interesting to watch the performances of Decentraland and The Sandbox in the near future.
Basic Attention Token (BAT) has a very descriptive name, pinpointing what the token is actually used for: compensating individuals for their attention. The rewarding happens through Brave browser, where users’ data and attention is of the highest value. Imagine if you got paid for every single pop-up ad or video spot that you had to watch, or if you could secure monetary proceeds by allowing websites to use your personal data. With BAT and Brave, these are all possible. As data protection and user consciousness about advertising grows, BAT could see a surge in popularity in the upcoming times.
Monitoring all crypto assets at once is not possible, but investors can still be consistent by narrowing their focus on just a few crypto tokens. This week, watch BTC, SAND, MANA, and BAT to see whether they will break out, or will not manage to keep their prices stable in the upcoming days.
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