The NFT marketplaces were extremely active. The market leader is still OpenSea. Genie, an NFT aggregator platform, was taken inside by Uniswap. Gamestop, recently debuted the newest NFT marketplace while partnering up with Immutable X.
In the metaverse, NFTs did well. Compared to previously, they exchanged 96% more. On the other side, blockchain-based games or NFTs performed poorly. Their trading activity decreased by 82%. Even eBay got involved by buying the KnownOrigin NFT marketplace. The Immutable X has our attention. One of the things that has received the most attention is its collaboration with GameStop. Cadence, a brand-new programming language created for FLOW’s smart contracts, is perfect for NFT-related applications. Let’s look at some of these tokens
The Sandbox (SAND)
The first “MetaMansion” will be made available by Playboy in the Sandbox. In addition to planned NFT collectible releases from the company, it will introduce a MetaMansion that will contain gaming, social, and scheduled activities, enhancing its Web3 services. A mix of gaming, social, and scheduled events will be featured in this digital recreation of the Playboy home, along with impending nonfungible token (NFT) collection releases from the corporation. Let’s look at the SAND price
SAND retraced to the crucial support level of $0.95 after failing to break the $1.30 resistance level. To become bullish again in the near future, it needs to break over the $1.30 resistance level. To hit the goal of $1.80, SAND needs keep its price above the crucial resistance level at $1.30.
Immutable X (IMX)
With the help of Immutable X, Gamestop has collaborated to introduce the newest NFT marketplace. With no transaction fees, Immutable X offers up to 9000 TPS. Additionally, they are completely carbon-neutral. Layer 2 non-custodial application: Gamestop NFT Marketplace. Users can link their Gamestop wallet and other cryptocurrency wallets. Clients can store their assets, such as cryptocurrency coins and NFTs, in digital asset wallets. They can also buy, sell, or exchange virtual assets thanks to it. Let us look at the IMX price
The bulls need to keep IMX’s price above the $0.79 support level for bullish momentum to prevail and then the price could cross the $1.04 resistance level. In the lower time frame, there are indications that bullish patterns are brewing. But unless IMX closes above the $1.29 resistance level, we won’t be bullish in the medium term.
Flow (FLOW)
The group behind Crypto Kitties developed the Flow blockchain especially for NFTs. It is still in the main net’s beta phase. The Flow blockchain functions differently than any other blockchain available on the cryptocurrency market. For FLOW’s smart contracts, a new programming language called Cadence was created that is perfect for NFT-related applications. Let us look at the FLOW price
FLOW, despite continuing to rise, was unable to overcome the significant $1.80 resistance level. The critical support levels of $1.39 and $1.16 must hold in order to provide short-term bullish confirmation. For a short-term upswing to overcome downward momentum, FLOW must cross $1.80 resistance level with volume.
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