- Axie Infinity and Sandbox see increased demand as Bank of America, Adidas and Balenciaga reveal bullish outlook on the metaverse.
- Bank of America strategists believe the metaverse will create new opportunities in blockchain technology.
- Famous women’s fashion label Balenciaga has launched a new division to lead moves focused on the metaverse.
- Adidas recently announced a four-way partnership with Bored Ape Yacht Club, Pixel Valut’s Punks Comic and crypto investor Gmoney.
The Bank of America strategist made upbeat remarks about the metaverse, triggering a spike in interest in Axie Infinity and Sandbox tokens. The rices of the two metaverse tokens continue to climb with increased interest from investors.
Analysts bullish on Axie Infinity and Sandbox as Metaverse tokens rally
A Bank of America strategist told Insider that the metaverse presents a huge opportunity for blockchain technology. Global Thematic Research Team Director General Haim Israel expects cryptocurrency to mainstream through adoption of the metaverse.
Israel a this,
I really believe this is a huge, huge opportunity… You need the right platforms… it will definitely be a great opportunity for this whole ecosystem.
A digital land in the Axie Infinity metaverse was recently sold for over $ 2.5 million. Subsequently, real estate on Decentraland sold for $ 2.4 million, adding to the list of digital lots sold at a relatively high price.
In the last week of November 2021, Adidas revealed a four-way partnership bringing fashion to the Metaverse. Bored Ape Yacht Club, popular for selling their NFTs, Punks Comic and crypto investor Gmoney are part of the Adidas partnership, releasing visuals of their NFT characters donned in the brand’s clothing.
Balenciaga has set up a new department to promote their metaverse initiatives.
Traditional payment companies are now interested in cryptocurrencies because they find use in the metaverse. Axie Infinity and Sandbox prices have shown gains over the past 24 hours, continuing to climb.
YouTube channel cryptocurrency analyst “Woolfie” is bullish on Axie Infinity. The analyst has set the next price target for the AXS price at $ 150.
Tyler Hill, a cryptocurrency analyst, identified a symmetrical triangle in the Sandbox price trend. The analyst explains that the pattern is bullish if the price of the asset comes out of an uptrend. Hill expects the sandbox price to explode higher, predicting a 30% price hike.
