Attention to virtual currency Web3.0 brands! Can they soar in the coming years?
In 2021, metaverse stocks surged, with game-related stocks drawing particular attention.
- SAND
- AXS
Game-related stocks such as The SANDBOX and Axie Infinity surged more than 100-fold, delivering extraordinary gains and leading the cryptocurrency market.
And from 2022 onward, attention has spread to Web3.0 stocks.
Web3.0 Stock List
- DOT (Polkadot)
- FIL (Filecoin)
- ICP (Internet Computer)
- JASMY (Jasmy)
- ENS (Ethereum Name Service)
- MASK (Mask Network)
- BTT (BitTorrent)
- KSM (KuCoin)
- GRT (The Graph)
- BAT (Basic Attention Token)
These are considered Web3.0 stocks.
The cryptocurrency market tends to give painful returns if you pick these stocks based on fundamentals alone.
What matters is the past charts.
- Past charts
- Buzz on social media
These are the factors to use for judgment.
- If you want large price swings, target stocks that are not currently in the spotlight
For stocks that are already attracting attention, it is hard to capture gains.
Stocks with less social buzz can offer bigger upside potential.
Even the previously mentioned “SAND” and “AXS” weren’t much in the spotlight, but as games started to become popular, they surged gradually.
Capturing the moment when a trend begins is crucial.
And chart-wise, it’s better to choose stocks that haven’t risen much yet.
- Stocks that are rising gradually
- Stocks that remain flat
You should target these, and take a break on stocks that have already surged.
Thus, checking gradually rising stocks makes it easier to catch the next sudden rise.
Don’t miss the early stage of a daily 1-3% rise.
- Influencers on social media can be indicative
Instead of “up” or “down” by influencers, use counts of likes and retweets as references.
- Prices may not have risen, but likes can be high
- Likes and RTs may be few
These stocks are prime targets.
However, since generally prices rise for stocks with many likes, you should focus on stocks with few likes or RTs.
If you get in before the rise, you’re more likely to profit in the end.
- How to buy Web3.0 stocks
We’ve summarized how to buy Web3.0 stocks in the article below.
Right now, this is a turn dominated by metaverse-related stocks, and there are no clear signs of a rapid rise for Web3.0 stocks.
However, exactly that situation can be a good opportunity, so use available funds to aim for a sharp rise.
