MONA Token and VIDT Datalink Both Rallied More Than 300% While Terra Virtua Kolect Spiked 111%

In this edition of the token boom report, $MONA, $GAFI, and $LYXE posted huge gains for the metaverse segment, while $TVK, $VIDT and $AURY led NFTs and Collectibles rally.
Token Boom Series

Quick take:

  • Monavale spiked more than 310% before trimming gains during the weekend. 
  • VIDT Datalink led NFTs and collectibles with a 357% rally before pulling back later in the week.
  • LUKSO, GameFi, Aurory and Terra Virtua Kolect also posted significant gains.

In this edition of the weekly token boom report, the metaverse NFTs and Collectibles tokens edged slightly lower from the previous week to extend the current streak of declines. 

The slight decline comes despite a significant recovery in crypto prices during the week. Both segments also saw some tokens register sharp spikes in prices before pulling back towards the end.

From an industry perspective, UK-based tech startup teamed up with Polygon to bring NFTs to smartphones, while Etihad Airways followed its compatriot Emirates to the Web3 race. 

Elsewhere, Tencent was reported to be testing 3D avatars for its QQ Music App to be used in a metaverse hub called the “Music Zone”, while Klang Games and Mask Network, both secured more than $40 million in funding to finance various Web3 projects.

Metaverse tokens

Over the last seven days, metaverse tokens edged slightly lower to a market cap of $11.27 billion down from the previous week’s valuation of $11.43 billion. The decline comes despite a relatively strong week for the crypto market, which saw leading cryptocurrencies close higher than they opened.

Moreover, the industry continued to attract venture capital funding with Klang Games Raising $41 million to build the Seed universe gaming ecosystem. Planetarium Labs also raised $32 million in a Series A round led by Animoca Brands to build a blockchain gaming ecosystem making it easier for mainstream gaming companies to join Web3.

Some of the tokens that registered tp gains include Monavale, GameFi and LUKSO.

Monavale (MONA/USD)

Monavale token $MONA is the governance token of the DIGITALAX metaverse-based fashion platform. The ERC-20 token is also used to facilitate transactions in the platform including staking to earn yield.

Last week, $MONA spiked more than 310$ before pulling back towards the end of the week to trim the gains.

Technically, traders could target potential rebound profits at about $1,195, or higher at $1,385. On the other hand, if the pullback continues, the $MONA token could find support at about $855, or lower at $717.

LUKSO (LYXE/USDT)

LUKSO is a metaverse world created to bring blockchain gaming, luxury fashion, design and social media together. The platform uses smart contract technology to try to onboard masses to the metaverse.

Last week, the $LYXE token rallied more than 80% before pulling back during the weekend. 

Technically, traders could target potential rebound profits at about $5.90, or higher at $6.16. On the other hand, if the pullback continues the $LYXE token could find support at about $5.43, or lower at $5.18.

GameFi (GAFI/USDT)

GameFi is a one-stop-shop for gaming finance created to serve players, traders and investors. The platform can be used for gaming ecosystems based on different blockchains including Polygon and BNB Chain, among others.

The $GAFI token is the ecosystem token used to facilitate game commerce including, cross=-trading between games, buying in-game items and NFTs.

The $GAFI token last week spiked more than 50% before pulling back slightly on Sunday. 

Technically, traders will be looking to pounce for profits at about $13.55, or higher at $13.99. On the other hand, $12.20, or lower at $11.73.

NFTs and Collectibles tokens

Over the last seven days, NFTs and Collectibles tokens edged slightly lower to a market cap of about $19.09 billion, down from the previous week’s equivalent of $18.15 billion extending the weekly streak of declines in the segment.

From an industry perspective, UK-based tech startup Nothing teamed up with Polygon to launch a Web3 smartphone to bring NFTs to the masses. UAE, Etihad Airways also jumped on the Web3 trading with a limited edition NFT drop for 3D model aircraft. 

VIDT Datalink, Terra Virtua Kolect, and Aurory were among the best performing NFTs and collectibles tokens during the week.

VIDT Datalink is a hybrid blockchain technology based on the “every cloud for every chain approach”. Numerous integrators use the platform to protect value at minimum cost and effort. 

The platform is used to secure valuable digital assets including certificates, NFTs, sensor data, and firmware.

The $VIDT token last week rocketed more than 350% before pulling back towards the end of the week to trim gains.

Technically, traders could target potential rebound profits at about $0.45, or higher at $0.51. On the other hand, if the pullback continues $0.35 and $0.29 could be crucial support zones.

Terra Virtua Kolect (TVK/USD)

Terra Virtua Kolect is a curated cross-platform NFT marketplace for NFT creators and collectors. The platform is available on both Web/PC and mobile AR/VR environments.

The $TVK token is the ecosystem token used to facilitate cross-platform transactions within the platform. 

Late last week, the token spiked sharply, rallying more than 110% before pulling back during the weekend.

Technically, traders could target potential rebound profits at about $0.0434, or higher at $0.0485. On the other hand, $0.0355 and $0.0321 are crucial support levels.

Aurory (AURY/USD)

Aurory is an NFT-driven creature battle game built on the Solana blockchain. The blockchain game revolves around magical creatures designed as NFTs that can be collected, hutched, traded and used to battle in the game.

The $AURY is the native token of the gaming ecosystem and can be used to acquire more creatures and upgrade to new levels.

The token rallied more than 27 last week before edging slightly lower on Sunday.

Technically, traders can target extended gains at about $2.40, or higher at $2.47. On the other hand, if the $AURY token pulls back, it could find support at about $2.31, or lower at $2.24.

Stay up to date:

Previous Post

Warner Records UK Teams Up with Audio Company Bose to Offer Free NFT Collection

Next Post

The Sandbox Onboards KEB Hana Bank and Playboy to the Metaverse

Related Posts
Stay on top of things
Follow us on Twitter
Total
1
Share