With the renewed popularity of GameFi projects, cryptocurrencies like Axie Infinity (AXS) and Illuvium (ILV) have witnessed significant gains in the past few days, and another digital asset from this branch could soon join the crowd and therefore provide a great opportunity for investing.
Specifically, pseudonymous crypto market analyst Crypto Tony has observed that BRN Metaverse (BRN), a token and game project designed for the metaverse, GameFi, and Web3 areas, is getting ready to become “a hot run next,” as he said in an X post published on February 27.
BRN price action analysis. Source: Crypto Tony
Indeed, this crypto asset is showing some optimistic signs for its future price, including its 100-day and 200-day exponential moving averages (EMAs), as well as simple moving averages (SMAs) pointing at a ‘buy’ sentiment, alongside a positive 10-day momentum.
BRN 24-hour price chart. Source: Finbold
Ultimately, BRN might, indeed, follow the success of the giants in the GameFi sector, including AXS, ILV, and others, provided it meets all the necessary preconditions for such an advance. However, predicting its future price with certainty is difficult, so doing one’s own research is critical.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
