blockchainreporter
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise
No Result
View All Result
Bet Now
blockchainreporter
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise
No Result
View All Result
blockchainreporter
Bet Now
No Result
View All Result
Bitcoin
BTC
1d:
7d:
Ethereum
ETH
1d:
7d:
Polkadot
DOT
1d:
7d:
Solana
SOL
1d:
7d:
Ripple
XRP
1d:
7d:
Shiba INU
SHIB
1d:
7d:

Margin Trading Today’s Hottest Metaverse Tokens On PrimeXBT

Max Clark by Max Clark
May 26, 2022 - 9:38 am
in altcoins news, metaverse news
0
PrimeXBT
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Everyone is buzzing about the Metaverse. The technology is so important to the future and potentially groundbreaking that Facebook rebranded its parent company under the name Meta to represent the new focus in the category. Following that news, the value of Metaverse tokens exploded. Investors were left wishing they had bought in sooner.

Cryptocurrencies have since had a corrective phase, essentially pressing reset on the price trajectory of these promising assets. The time is now here to be greedy when others are fearful while also being cautious about the current market conditions. The best way to do that is to focus on margin trading these popular Metaverse tokens instead. Here’s how you can stay profitable and protect capital using PrimeXBT.

Recapping The Meta Reveal Melt Up

In late October 2021, Mark Zuckerberg announced his company’s new name: Meta. The name change from Facebook to Meta represented the company’s renewed efforts around the virtual reality experience known as the Metaverse.

The Metaverse is a digital world where users can interact with one another and with objects, own property, host events, and more. These worlds are often tied to a digital economy. The digital economy, governance, etc., are all achieved by using a native cryptocurrency token. 

Decentraland And The Sandbox Blast Off On Incredible Rally

This created a massive wave of buying in Metaverse tokens. Decentraland (MANA) climbed by 300% in a single week following the news. From the June 2021 low to the high, MANA had a 1,500% rally. After a recent crypto bear market, MANA has dropped by 89% in value, making it both highly volatile and once again attractive at past lows.

The Sandbox (SAND) had an even more remarkable success story. In the same timeframe, MANA rose by 300%, The Sandbox saw three times that for 900%. From the June 1, 2021 low to the high, SAND pumped by 6,000%. The results are shocking, and after an 88% drawdown, the asset could be gearing up for another spike to the upside in the future.

Metaverse Tokens Present Another Profit Opportunity

Metaverse tokens and the related platforms still have the support of celebrities, developers, venture capital, and influencers behind them. For example, Snoop Dogg has launched a line of NFT avatars and owns property in the virtual reality Metaverse The Sandbox. The rapper’s involvement is part of what helped the coin achieve dramatic gains. 

Although those gains were gone like a puff of smoke, Snoop Dogg remains involved, and the project still is filled with potential. However, risk still remains in the market, which could make these tokens highly volatile for a while longer. But that’s why margin trading today’s hottest Metaverse tokens is the best approach to take.

Metaverse Token Margin Trading At PrimeXBT

Using leverage, traders can go long at current prices and, if they ever reach such highs again, would make an absolute fortune – much like the investors who profited on the way up the first time. On the way back down, traders using PrimeXBT can go short and profit from the downside in crypto. Combined, long and short positions give traders more flexibility over the market.

Stop-loss, take profit orders, and leverage allows traders to condense risk, use less capital to get more results and manage risk while they are at it. PrimeXBT offers exposure to both MANA and SAND, as well as a massive list of more than 40 different cryptocurrencies and 100 trading instruments in total across forex, crypto, commodities, and stock indices.

PrimeXBT also lets traders connect with Covesting copy trading or yield accounts for passive investing opportunities. To get in on the action going on with Metaverse tokens, you need PrimeXBT’s advanced margin trading tools. Check it out today.

Tags: CryptoCryptocurrencyMANAMetaverseSAND
ShareTweet
Max Clark

Max Clark

Max Clark is a content writer specialising in the cryptocurrency space. He is very enthusiastic about altcoins, NFTs, and the Metaverse. Max is convinced that the network is capable of replacing the existing global monetary system and granting financial independence to billions of people all over the world. Max loves to go on adventures, play sports, and read books when he has free time outside of work. He has also worked in the financial industry before, so he knows how the world's banking system works and how to deal with clients in the tech and finance industries.

Recommended For You

Justin Sun Says TRON Will Offer an AI-Focused Decentralized Payment Agenda for AI Systems

by Umair Younas
February 4, 2023 - 1:02 pm
0
openai

Sun noted in the tweets that the Tron platform will offer an agenda for decentralized payments to facilitate the AI systems OpenAI and ChatGPT.

Read more

Game Space Powers Web3 Gaming With the Launch of Player One Tournament, Aligns Partnership with Splinterlands, Gods Unchained and Big Time

by Max Clark
February 3, 2023 - 12:00 pm
0

For Player One Tournament, Game Space will continue to cooperate with more public chains, various gaming guilds, Web3 Infra, Web3 communities, etc.

Read more

Bybit Achieves Fivefold Growth Despite Bear Market: CEO Ben Zhou Reflects on the Power of ‘Quiet Growth’

by Mushu Butt
February 3, 2023 - 11:13 am
0
Bybit

Crypto exchange Bybit achieves fivefold growth despite the bear market, solidifying Bybit's leadership position in the crypto derivatives sphere.

Read more

Binance Joins Hong Kong Police Department to Confront Cybercrime

by Umair Younas
February 3, 2023 - 9:53 am
0
Binance

The biggest blockchain infrastructure, “Binance” has recently participated in and provided support for a Virtual Asset Investigation Course (VAIC).

Read more

Shibonk Ends the Week with Multichain Adoption

by Kester Odero
February 3, 2023 - 9:03 am
0
shibonkcoin

The Shibonk team recently announced the transition of the asset into a Multi Chain asset. The token is set to feature in three new exchanges.

Read more
Next Post
Terra Airdrop

Terra Community Votes to Revive LUNA Cryptocurrency

PARTNERS LIST

PRESS RELEASE

Game Space Powers Web3 Gaming With the Launch of Player One Tournament, Aligns Partnership with Splinterlands, Gods Unchained and Big Time

by Max Clark
February 3, 2023 - 12:00 pm
0

For Player One Tournament, Game Space will continue to cooperate with more public chains, various gaming guilds, Web3 Infra, Web3...

Metacade presale investment rockets past $5 million as GameFi investors hurry to buy remaining MCADE tokens

by chainwire
February 2, 2023 - 3:38 pm
0

London, United Kingdom, 2nd February, 2023, ChainwireThe Metacade presale is selling out fast with stage 3 coming to a close...

Snowfall Protocol

Joe Biden Reveals Game-Changing Crypto “Roadmap” after $2 Trillion Bitcoin (BTC) and Ethereum (ETH) Crash! Snowfall Protocol (SNW) Still the Top Pick for 2023

by Josh Fernandez
February 2, 2023 - 9:23 am
0

A perennial problem that has dogged the crypto world – and one that Snowfall Protocol (SNW) aims to address –...

Peer Acquires Elite Team of Engineers Behind Zenly’s Popular 3D Maps

by chainwire
February 1, 2023 - 5:44 pm
0

Seattle, Washington, 1st February, 2023, ChainwirePeer today announced the hiring of a specialist team of engineers from Zenly to develop...

BlockchainReporter is a trusted name in the cryptocurrency and blockchain technology news space, keeping its readers abreast of the latest and most significant trends in the industry.

Here at BlockchainReporter, our team of global writers is dedicated to providing price analysis on leading cryptocurrencies and covering the latest developments pertaining to bitcoin news, altcoins news, blockchain news, NFT news and cryptocurrency adoption news from around the world.

News

  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • Adoption
  • NFT
  • DeFi
  • Metaverse

Info

  • Education
  • Glossary
  • Market
  • Press Release

Company

  • About Us
  • Terms & Conditions
  • Advertise
  • Sitemap
  • Contact

@2022 – Blockchainreporter.net. All Right Reserved.

No Result
View All Result
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise

@2023 - Blockchainreporter.net. All Right Reserved.