Crypto investment firm BKCM CEO Brian Kelly names three altcoins he believes have strong growth potential in 2022.
On a new episode of Fast Money, Kelly said three altcoins will increase in value as the virtual world becomes more popular.
In the case of Decentraland (MANA), a virtual reality platform, Kelly said the cryptocurrency could soar on the upward trend of social media giant Facebook.
“In Decentraland you can buy real estate, shop windows and much more with the virtual world currency MANA.
In terms of network effects, Facebook’s share price is growing, as is Facebook. As this virtual world grows, so will the currency that serves this virtual economy. “
Daily MANA / USDT chart | Source: TradingView
Decentraland, whose price has risen more than 4,200% in the past 12 months, is trading at $ 3.32 at press time.
Next up is Axie Infinity (AXS), a decentralized gaming universe where players can own, buy, sell and trade the digital assets earned through their participation. According to Kelly, AXS will have growth potential as the ecosystem continues to grow.
“Axie Infinity gave users the ability to make money playing games, a revolution in business.
The setting will be like a series this year and it’s all network effects. As long as this game continues to increase the value of the base currency [AXS] will increase accordingly “.
Daily AXS / USDT Chart | Source: TradingView
AXS is trading at $ 94.15 at press time. Axie Infinity’s native token has grown approximately 18,000% over the past 12 months.
Next up is The Sandbox (SAND), a gaming ecosystem on the Ethereum blockchain where participants can share and monetize NFTs and gaming experiences. Brian Kelly said that as the virtual world, The Sandbox, becomes more popular, SAND will also increase.
“If the network [The Sandbox] Development, the currency will also evolve to serve this virtual economy ”.
SAND / USDT daily chart | Source: TradingView
The sandbox’s native token, SAND, trades at $ 5.91 at press time. SAND grew more than 16,800% last year.
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