The top leaders of the crypto space Bitcoin and Ethereum seems to be exhausted after clinching their new ATH. Besides, the global market cap has been undergoing a healthy consolidation of around $2.63 trillion with 1.25% profits round the clock. It appears traders exhibiting a greater appetite towards non-Bitcoin-related assets as the market leader is on a halt. Notably, Axie Infinity (AXS) and Verasity (VRA) have recently dominated the space with incredible gains.
Both of the aforementioned coins intend to serve distinct purposes. Axie Infinity is a blockchain-based gaming firm and Verasity is an advanced video sharing platform for game developers across the globe. Moreover, popular crypto analyst Micheal Van De Poppe has mentioned potential price targets for these promising projects.
Axie Infinity (AXS) Price Analysis:
Axie is an ERC-20 token built on the Ethereum blockchain that has displayed phenomenal performance in recent times. As an offshoot of AXS staking program in late September, the Axie Infinity price surged by over more than 50% smashing new ATH of $155.08. As the price is not indicating any signs of slowing down, crypto analyst Van De Poppe has come up with a chart, showcasing a possible bull run.
The chart highlights a converging bullish pennant pattern. bottom support has seen managing uptrend and above resistance attempting to reach $130. The analyst expects the altcoin to continue its uptrend after a breakout from that converging channel. The gaming token has the potential to slide up to $155 in the next bull cycle.
Verasity (VRA) Price Analysis:
The platform aims to maximize advertising revenues coupled with Video publishers on different video platforms. Verasity has shown its exceptional potential throughout the year with substantial gains. Noticing the steady growth of the altcoin, Micheal Van de Poppe has come up with an exciting prediction.
The chart shown by him projected altcoin’s competence to soar by another 15 to 20%. The pattern seems to have followed as the analyst predicted before. The VRA price has been trading at $0.0811 with 16% gains round the clock. He expects the price to continue its uptrend up to $0.0912 and strengthen its support there for some time. Probable support levels for the altcoin resides around $0.044 to $0.050.
Collectively, reports from Okcoin highlighted a 460% surge in institutional investments towards altcoins from September 2020 to 2021. This huge inflow is further interconnected to altcoins with strong fundamentals and a mighty market cap. The aforementioned altcoins’ Axie Infinity and Varsity further hold the strong potential to attract such huge investments going further.