CNBC analyst Brian Kelly shares 3 metaverse coin projects that he expects to follow closely in 2022 and which he expects to have massive price movements. Let’s take a look at Kelly’s analysis and prospects.
Analyst focuses on growth rate of metaverse coin ecosystem
BKCM’s CEO, Brian Kelly, in his recent CNBC Fast Money appearance, 3 metaverse coin projects become more popular He said that he will live as long as he comes. According to the analyst, the first of these, Decentraland (MANA), could rise to replicate the padol of social media giant Facebook’s stock market series. Kelly bases his predictions on a very simple equation:
In Decentraland you can buy real estate, shop windows, virtually do many different things. And the currency of this virtual world is MANA. About the network effect, just like Facebook’s growth, the price of Facebook stock has gone up. As these networks grow and these virtual worlds grow, the underlying currency needs to grow to serve the underlying.
Analyst highlights a play-to-win ecosystem
Next up, a decentralized platform where players can earn and trade cryptocurrencies by playing there is the game universe Axie Infinity (AXS). Analyst shares how AXS will gain value with the growing metaverse ecosystem:
It’s a play-to-win game. This year he really hit the scene like gangsters. And it’s all about the network effect. As this game continues to grow, the value of AXS will increase with this network.
Kelly’s latest choice, whose analysis we have quoted as Cryptokoin.com , is Sandbox (SAND), an Ethereum-based Blockchain game ecosystem. As with other metaverse coins, the CNBC analyst says that going mainstream will raise the price of SAND:
As the sandbox network grows, the currency will tend to grow with it to serve the foundation.
- Sandbox (SAND) is trading at $5.91 at the time of writing. SAND has increased by over 16,800% over the past year.
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