NFT platform tokens to bring your collection to the next level

The Sandbox (SAND), Axie Infinity (AXS), Theta Network (THETA), and Decentraland (MANA) are all tokens that have the potential for growth.

Each of these projects specializes in the sphere of non-fungible tokens (NFTs) and has seen numerous updates.

All of these tokens will likely see an increase in their value by the end of May 2022, and we are going to go over exactly how much.

On May 4, 2022, we saw the announcement of Dubai’s Virtual Assets Regulatory Authority (VARA) into the open Metaverse. 

Specifically, it was announced that The Sandbox (SAND) would provide a responsible, creative platform that will empower individuals to own their IP and monetize their assets.

The United States Treasury Department Office of Foreign Assets Control (OFAC) made an announcement that it would sanction the crypto mixer Blender.io for the role in laundering proceeds from the hacking of Axie Infinity’s Ronin Bridge. 

This could lead to a heightened level of user confidence when it comes to the Axie Infinity (AXS) project.

Furthermore, non-fungible tokens (NFTs), in collaboration with Sony, are coming to the Theta Network (THETA). The Theta Labs CEO Mitch Liu said that the Spatial Reality Display by Sony gives NFTs a huge potential for 3D visualization.

Decentraland (MANA) has seen a huge influx of developments and updates. Specifically, on May 4, Decentraland shared their latest security update, where they discussed how they would keep the community safe.

Should you buy The Sandbox (SAND)?

On May 9, 2022, The Sandbox (SAND) had a value of $1.90.

The all-time high of The Sandbox (SAND) was on November 25, 2021, when the token was worth $8.40.

When we go over last month’s performance, The Sandbox (SAND) had its highest point of value on April 2 at $3.64. Its lowest point of value was on April 30 at $2.13.

This marked a decrease in value of $1.51 or 41%. However, the SAND token can recover and reach up to $2.5 by the end of May 2022, making it a solid buy.

Should you buy Axie Infinity (AXS)?

On May 9, 2022, Axie Infinity (AXS) had a value of $29.25.

When we look at the token’s all-time high, Axie Infinity (AXS) had a value of $164.90 on November 6, 2021.

When we take a look at the performance throughout the previous month, Axie Infinity (AXS), its highest point, was on April 2 at $74.86. Its lowest point, however, was on April 30 at $31.07.

Here, we can see that AXS decreased by $43.79 or by 58%. However, with the latest developments and updates, it could bring back player confidence and increase to $50 by the end of May 2022.

Should you buy Theta Network (THETA)?

On May 9, 2022, Theta Network (THETA) had a value of $2.

Going over the all-time high of the token, Theta Network (THETA) reached its ATH of $15.72 on April 16, 2021.

When we go over the performance in April, Theta Network (THETA) had its highest point of value on April 1 at $4.35, while its lowest was on April 30 at $2.40.

This marked a decrease in value of $1.95, which makes the $2 price point a solid entry point for new investors. THETA can reach $3 by the end of May 2022.

Should you buy Decentraland (MANA)?

On May 9, 2022, Decentraland (MANA) had a value of $1.25.

When we take a look at its all-time high, Decentraland (MANA) reached its ATH of $5.85 on November 25, 2021.

Going over how the token performed in April, Decentraland (MANA) had its highest point of value on April 2 at $2.75.

Its lowest point was on April 30 at $1.54. Here we can see a decrease of $1.21, or 44%. However, MANA can indeed reach $2 by the end of May and be on its path to recovery due to the recent updates.

The post NFT platform tokens to bring your collection to the next level appeared first on The Home of Altcoins: All About Crypto, Bitcoin & Altcoins | Cointext.com.

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