Metaverse crypto coins are the most popular cryptocurrency industry making them an excellent investment option. This article will examine eight top metaverse crypto coins and explain how to acquire our first choice. Since the Metaverse bridges the gap between the real and virtual worlds, interest in it will continue to grow in the coming years. So let’s get started.
The Best Metaverse Coins You Should Buy Now
If you invest in the Metaverse now, you will enter an innovative niche market still in its infancy. Each of the Metaverse crypto tokens we reviewed has a robust feature set and high utility value. This allows you to purchase your chosen Metaverse token at a low entry price. You also have the opportunity to diversify your portfolio with some of the best long-term crypto investments in 2022.
XANA is a blockchain-based Metaverse that allows users to interact seamlessly and without borders. The project allows players to explore virtual worlds and collect digital assets in a futuristic environment. The native token of this project is XETA.
In XANA, users can create their own characters, communicate with other users, buy and sell land, real estate, and game items, or explore the ever-expanding world of this Metaverse project. Within XANA, users can perform transactions in $XETA. Moreover, its popularity makes it one of the best Metaverse cryptocurrencies.
In addition, XETA is the green power of the XANA ecosystem, including the blockchain, Metaverse, NFT products, and games/events. It has voting rights for major changes in the ecosystem after a certain period when the DAO is fully functional.
If you’ve been following the crypto market for a while, we don’t need to introduce you to Decentraland. MANA is the native cryptocurrency that has been the talk of the town for the past year. Currently, MANA is selling for $0.798. It was significantly less than its all-time high of $5.90 in November 2021. As Decentraland grows and evolves with new partnerships and integrations, we expect MANA’s price to keep up.
Projects like Decentraland show that the Metaverse can be for everyone. It brings people, companies, and technologies together to create a thriving Metaverse that gives us a glimpse into the future.
Axie Infinity was started in 2020 and is one of the best Metaverse crypto coins for play-to-earn gaming. A brief explanation of Play-to-earn games: Play-to-earn games allow users to generate rewards when tasks are completed – like reaching a certain level. It incentivizes users to engage with Axie Infinity’s broader ecosystem.
Crucially, the end goal for players is to collect, raise and breed digital animals. Once minted, this can be represented in a unique NFT, which can be sold in the open marketplace. Like the Sandbox, the decentraland, Axie Infinity is also based on the Ethereum blockchain.
Axie Infinity has its own native token – AXS. When AXS launched in early 2020, you paid just $0.15 per token. In November 2021, the same token reached a high of over $165, a growth of almost 110,000%. It makes Axie Infinity one of the fastest-growing Metaverse coins to buy based on market performance.
This project was launched earlier than Decentraland, as Sandbox released its first game in 2012. Since then, however, Sandbox has expanded its business model to focus on the Metaverse. In direct competition with Decentraland, Sandbox is also one of the best metaverse crypto coins to invest in 2022.
A blockchain-based game, Sandbox uses Ethereum and allows users to build, earn, and trade items in-game. Like Decentraland, there is the ability to buy virtual land and build real estate. Users can sell these properties can then be sold on the open market. Like Decentraland, Sandbox also has its own digital currency – SAND.
According to CoinMarketCap, SAND first traded on public exchanges in mid-2020 at an initial price of $0.051 per token. Like Decentraland, SAND reached an all-time high of a remarkable $8.44 in November 2021. Sandbox’s token value increased by over 16,000% in just one year.
Our next recommendation for Metaverse coins for investment in 2022 is Enjin. Founded in 2017, Enjin offers a globalized database that allows users to securely manage and store digital gaming products. In addition, the platform enables seamless buying and selling of NFTs via a user-friendly mobile app and QR codes.
On the one hand, this emerging Metaverse token has seen a sharp rise in price since it was listed on public exchanges in 2017. For example, early investors would have paid just $0.017 per token. In late 2021, Enjin announced that it would raise $100 million to fund its Metaverse journey.
By the end of 2021, Enjin Coin reached an all-time high of $4.85. This represents end-to-end growth of over 28,000%. However, by the beginning of 2022, Enjin Coin has reached a low of only $1.17. This means that this highly valued metaverse crypto coin is trading at a significant discount compared to its previous all-time high.
It is necessary to have a significant amount of GPU memory for metaverse platforms. Finally, some of the leading Metaverse players process a large number of transactions per second, increasing the throughput the underlying blockchain must handle.
This, in turn, leads to increasingly higher transaction fees and slower processing times. It is where Render Token comes in – the project provides a distributed GPU rendering network that all Metaverse projects can use. They launched the token in 2020, and at that time, its value was $0.05. It has since reached a high of $8.76.
The next Metaverse project we should take a look at is SushiSwap. First and foremost, SushiSwap is home to a popular decentralized exchange that allows users to buy and sell digital currencies without needing a centralized third party. This popularity has led SushiSwap to reach a market capitalization of $500 million in early 2022.
Meanwhile, SushiSwap has expanded its business model by creating an NFT marketplace with the Metaverse. This not only deepens the NFT trading experience but by making the marketplace available through the SushiSwap network, buyers and sellers can trade in a decentralized manner.
Founded in 2017, Ontology is a China-based blockchain project with a proprietary network. The Ontology team claims its blockchain can facilitate 4,000 transactions per second and up to 12,000 in certain test environments. In addition, transaction fees are as low as 0.05 ONG. At the time of writing, that’s just $0.02 per transaction.
Given these points, some market commentators argue that Ontology could be the best blockchain network to host Metaverse projects. Ontology has seen a major market correction over the past 12 months in terms of token performance, falling from a high of $2.94 to a low of just $0.40. However, this means that you are investing at a significant discount.