Bullish Metaverse Comments by Bank of America Drive Sandbox and Axie Infinity Higher

Briefly

  • Sandbox and Axie Infinity witness surged demand as Adidas, Balenciaga, and Bank of America reveal bullish comments on the metaverse.
  • Bank of America strategists trust that blockchain technology will achieve new opportunities with the metaverse.
  • Balenciaga, a renowned fashion brand, has introduced new spearheaded moves, focusing on metaverse.
  • Recently Adidas revealed plans to enter into the metaverse craze.

Strategists at Bank of America made bullish comments about the innovation metaverse. The remarks have triggered increased interest in Sandbox and Axie Infinity tokens. The two metaverse tokens see their price rising as they attract investors from different sectors.

Metaverse Tokens Rally Following Bullish Remarks by Analysts

A Bank of America strategist revealed his metaverse views to the insider, stating that it will introduce massive opportunities for the blockchain space. A research team managing director Haim Israel is also bullish on metaverse. Israel expects metaverse adoption to promote cryptocurrency acceptance.

That comes as the Axie Infinity sold a metaverse digital land for more than $2.5 million. After that, Decentraland real estate sold a virtual plot for $2.4 million. The two are digital land plots that sold at high prices.

November’s last week had Adidas revealing a 4-way partnership to introduce clothing to the metaverse. Known for its NFTs sales Bored Ape Yacht, cryptocurrency investor Gmoney and Punks Comic partnered with Adidas.

Meanwhile, Balenciaga has introduced a department to promote its metaverse initiatives. Traditional payment firms appear interested in crypto as they see value with the metaverse. With that, Sandbox and Axie Infinity have continued to rise higher, posting gains over the past day.

Wolfie, a YouTube channel by a cryptocurrency analyst, presents a bullish outlook on Axie Infinity. The crypto analyst believes that AS has the momentum to hit $150. Another crypto market analyst, Tyler Hill, revealed a symmetrical triangle printed by Sandbox’s price trend. The analyst says that SAND has formed a bullish pattern. Hill expects SAND to witness an upside breakout, forecasting a 30% upswing.

What are your views on what the metaverse has for the crypto world? You can leave your comment in the section below.