Top metaverse cryptocurrencies as South Korea aims to accelerate metaverse growth

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After a sell-off in the past week, the cryptocurrency market is stabilizing and sales volumes are falling. This means it could be an excellent time to look for buying opportunities if there is a rally within the week. But where could such a rally come from? What could trigger it? Well, that will depend a lot on the news, and right now the news points to Metaverse cryptocurrencies as potentially big winners this week.

The latest news about the Metaverse comes from South Korea. The country’s regulators are working on a framework that will accelerate the growth of the Metaverse in the country. While these are long-term plans, markets are likely to react positively to this news, signifying potential growth in Metaverse’s best cryptocurrencies.

With this in mind, let’s now look at the top 3 Metaverse cryptocurrencies to watch this week.

Decentralized Country (MANA)

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Binance

Binance is one of the largest cryptocurrency exchanges in the world. It is better suited for more experienced investors and it offers a large number of cryptocurrencies to choose from, with over 600. Binance is also known for its low trading fees and a multitude of trading options that its users can take advantage of such as; peer-to-peer trading, margin trading and spot trading.

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Decentraland (MANA) is one of the top Metaverse cryptocurrencies by market cap and one of the top performers in the November 2021 cryptocurrency rally. However, it has lost a lot of value since then and is currently trading at less than $0.80. This makes it quite affordable for most investors, and as South Korean news filters into the market, MANA is likely to pump. That’s because it’s now one of the largest Metaverse cryptocurrencies on the market, making it easily accessible even for a non-sophisticated investor.

Sandbox (SAND)

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Bit Stamp

Bitstamp is a leading cryptocurrency exchange that offers trading in fiat currencies or popular cryptocurrencies. Bitstamp is a fully regulated company that provides users with an intuitive interface, a high level of security for your digital assets, excellent customer support and multiple withdrawal methods.

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The Sandbox (SAND) is another large cap of Metaverse cryptocurrencies that could do well if Metaverse cryptocurrencies gain momentum this week. Like Decentraland (MANA), Sandbox (SAND) is one of the larger and thus more visible Metaverse cryptocurrencies that can benefit if there is FOMO around Metaverse cryptocurrencies in the month. In addition to being one of the largest Metaverse cryptocurrencies, SAND has a growing ecosystem of games and other virtual assets, making it vastly undervalued at current prices.

Axie Infinity (AXS)

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Bit Stamp

Bitstamp is a leading cryptocurrency exchange that offers trading in fiat currencies or popular cryptocurrencies. Bitstamp is a fully regulated company that provides users with an intuitive interface, a high level of security for your digital assets, excellent customer support and multiple withdrawal methods.

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Axie Infinity (AXS) is one of the top cryptocurrencies building one of the fastest growing play-2-earn ecosystems in crypto. It has one of the most expensive NFT collections on the market. With its deepening P2E Metaverse, Axie Infinity has pretty good long-term growth opportunities.

In the short term, Axie Infinity has what it takes to trigger FOMO as Metaverse cryptocurrencies start gaining momentum. One thing that gives Axie Infinity the potential to recover is its proven resilience, even during adverse events. For example, during the Ronin hack, the price of Axie Infinity remained stable all the time.

This and the fact that Axie Infinity is currently trading at record lows since its most recent all-time highs makes it very attractive to investors. Axie Infinity buying volumes are already increasing, an indicator that bulls are taking over the market, and a potentially big move could be underway.

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