Investors are showing less interest in metaverse tokens lately. This isn't surprising since tokens often gain significant value during hype periods but struggle to maintain long-term enthusiasm. Tokens like SAND have lost appeal as new tokens, especially those focused on artificial intelligence, gain traction.

Axie Infinity (AXS) June Forecast

Over the last 30 days, the total value of cryptocurrencies increased by 17%. Bitcoin briefly surged above $70,000 after falling below $60,000, though it couldn't sustain this due to various factors affecting its price. On May 31, for example, news of a hack on the Japanese crypto exchange DMM Bitcoin led to sell-offs. What does this mean for AXS Coin in June? For the latest tech news, visit NEWSLINKER.

Despite being a leading play-to-earn initiative, AXS's price rose only 11%. A drop below the 20-day EMA signaled waning investor interest. The 20-day EMA tracks an asset's average price over the past 20 days and helps predict short-term movements. A fall below this level suggests a sell signal. If selling pressure persists, AXS could drop to $7.3 and possibly further to $6.76.

The Sandbox (SAND) June Forecast

The SAND Coin has shown little activity recently. The MACD indicator signals a sell as the short-term average falls below the long-term average. The fading hype in the metaverse space has been ongoing, with AI, PolitFi, new meme coins, and RWA tokens overshadowing metaverse altcoins. Buying virtual land from listing sites is no longer popular, and we previously warned this might lead to significant long-term losses.

However, integrating AI-supported story and image creation into established metaverse projects could change this scenario. For June, SAND Coin risks falling to $0.36 if it closes below $0.4. This situation might improve if there's no sell-the-news reaction after Bitcoin’s unusual rise and ETH ETF listings.

In summary, metaverse tokens like AXS and SAND are currently out of favor with investors. While other fields like AI are drawing attention, the future of these tokens could improve with technological integrations and favorable market conditions.