Bloktopia Price Prediction: Will BLOK Recover?

Bloktopia has been around for the last four years, but hasn’t quite lived up to its potential. At inception, the project was built around the metaverse ecosystem.

Bloktopia is an interactive metaverse skyscraper with 21 levels, paying homage to Bitcoin's 21 million fixed BTC supply. Players can participate in advanced learning about blockchain technology, solve puzzles, own virtual real estate, build networks, play games, and get rewarded in BLOK coins.

Participants can also rent the NFT virtual real estate property acquired to other parties to use for advertising or hosting events.

Bloktopia has been around for the last four years, but it hasn’t quite lived up to its potential. At inception, the project was built around the metaverse ecosystem, but the hype around it seems to have cooled similarly to the metaverse. As it is not a meme coin, BLOK's rise will depend on the attractiveness of its utility.

Bloktopia's ecosystem sounds fun and interactive, but it has not struck the right chord with users. The underperformance is not project-specific, but mirrors the decline in interest around metaverse and NFTs across the globe.

A key barrier to entry in the metaverse ecosystem is the expensive equipment needed to offer immersive experiences. However, technological advancements could bring the cost down and help boost Bloktopia price and user numbers.

Bloktopia Price Prediction

This Bloktopia price prediction is based on its performance in the last year and recent momentum. The coin is down by 25.9% year-to-date and has lost 9.4% in the last week. Also, it trades below 50, 100 and 200 moving average levels on the daily chart.

In addition, the 50-MA recently crossed above the 200-MA, confirming a bearish control of the market. BLOK price will stay subdued if it continues to face resistance at the Volume Weighted Moving Average (VWMA) level at $0.000575.

That momentum will likely take the coin to the first support at $0.000482. An extended control by the sellers could extend the decline to the psychological support at $0.000400.

On the other hand, breaking above $0.000575 will create a pathway to move $BLOK price to $0.000690 at the 50-MA level. Beyond that point, the momentum could potentially test the second resistance at $0.000800.