The Metaverse is considered the future of the internet. Aiming at better social connection, the program is built to achieve a 3D virtual world. It comprises various technologies and platforms to introduce a novel experience to the user. Major social media outlets such as Facebook also invested heavily in Metaverse. Metaverse also incorporated blockchain technology and introduced its cryptocurrency. Since the cryptocurrencies in Metaverse are rapidly gaining popularity, in this guide we will explore the top 7 Metaverse coins to invest in 2022.
What is Metaverse?
The 3D world Metaverse can be anything such as your neighborhood, favorite beach, favorite tourist destination, or an actual market where you can buy anything virtually without even stepping out of your home. The difference between Metaverse and the other online markets available on the internet nowadays is that in Metaverse, you can visit the marketplace virtually and choose items to buy. There are many other possibilities and applications of metaverse which we will discuss in a separate blog post.
Top 7 Metaverse Coins
There are enormous opportunities still yet to be uncovered in the Metaverse. One such opportunity is investing in cryptocurrencies that are under $10 at the moment. These cryptocurrencies can turn you into a super-rich person in no time if you invest wisely. Here are the top 7 metaverse coins to invest in 2022.
1. Decentraland (MANA)
Powered by the Ethereum blockchain, this cryptocurrency was launched in 2017 and kicked off a major head start. The platform offers various opportunities to the users, such as creating and monetizing their content. This virtual gaming platform originally came with a blank canvas where users could use their content to sell in the marketplace. If you become a user, you can create engaging games, interactive 3D virtual spaces, and more in your specific workspace. This particular space is called a parcel of LAND, and users can create anything they want. The token associated with these user activities is called MANA which has a current value of $2.13 according to CoinMarketCap. According to the experts, MANA will be at the top of this list in 2022.
2. The Sandbox (SAND)
SAND was launched in 2011, and it allows the users to create, buy and sell tokens in the form of a game. It creates an encouraging environment for the gaming community with the combination of NFT and DAO. According to its’ whitepaper, SAND’s main objective is to create a conducive environment for the gaming community through blockchain technology. Currently, this cryptocurrency is in second place in the list of top Metaverse cryptocurrencies in CoinMarketCap.
3. ApeCoin (APE)
ApeCoin is one of the latest coins on the list, and it was launched in March 2022. At the moment, it is thriving well. The coin is linked with the famous NFT collection Bored Ape Yacht Club, and this might be one of the reasons for its’ relatively high market value compared to other Metaverse tokens. The coin is based on Ethereum blockchain technology and surged by 90% on its second day in the market. Therefore, we believe that ApeCoin will have a good future in the cryptocurrency market in 2022.
4. Theta Network (THETA)
Theta (THETA) is an Ethereum-powered blockchain network specifically designed to stream video. It was launched in March of 2019. The Theta mainnet functions as a decentralized network, where users can share computing and bandwidth through a peer-to-peer (P2P) base. The project is supervised by Steve Chen, co-founder of YouTube, and Justin Kan, co-founder of Twitch. Theta has the world’s first native cryptocurrency, THETA, which plays various governance roles within the network. It also has Google, Binance, Blockchain ventures, Gumi, Sony Europe, and Samsung as Enterprise validators, and the Guardian network consists of thousands of community-run guardian nodes.
5. Axie Infinity (AXS)
This game based on blockchain technology has captivated the world with its adorable animal-like characters and the opportunities it offers its players who’ve ended up making big money playing something that’s as fun as playing. Indeed, many players have turned playing Axie into the equivalent of a full-time occupation. The heart of the Ethereum blockchain metaverse is Axie’s native currencies, AXS and SLP. AXS, also known as Axie Infinity Shards, serves as a token for governance. The players who own AXS can vote on the game’s upcoming development plan, including upgrades and treasury account use. AXS is regularly considered among the top metaverse cryptos, and in the year 2021 alone, the value increased by around 200% compared to last year’s.
6. Stacks (STX)
This cryptocurrency is associated with Bitcoin and offers smart contracts to the communities. It was launched in 2019 and became the first coin to be validated by the U.S Securities and Exchange Commission. Besides providing smart contracts, the Stacks project offers open-source software for data storage. The initial market value of the total assets was $75 million, which was raised through a mix of token sales.
7. Enjin Coin (ENJ)
This cryptocurrency was founded in 2017. The technology has offered gaming-based data storage and validation since then. It is also associated with a user-friendly app that the community can buy and sell NFTs. Although the current value of a token is shown at $1.50, in its launch, the coin was only valued at $0.017, according to the CoinMarketCap. The potential is enormous in this coin, and experts predict that this would be one of the best Metaverse coins to invest in 2022. This coin hit the highest value at $4.85 in 2021 and is now settled at $1.30-1.50.
While you may be considering ways to put your money into crypto or the future of the Metaverse, however, you must proceed cautiously. The reason behind this is that many market experts claim that this new industry will likely be controlled by a single player, that is, Meta Platforms. As we’ve already mentioned, Meta Platforms is the new name for trading for Facebook.
Not only is it the case that Meta Platforms have significant cash reverses that can be injected into its Metaverse project, but also billions of active users on its different online social networks.
Above is only a guideline on the top listed Metaverse cryptocurrencies in the CoinMarketCap. We do not bear any responsibility for the transactions you would endeavor by investing in the aforementioned cryptocurrencies.