Top Metaverse coins to invest in 2022
Metaverse – a virtual universe where people can shop, play games, buy and trade currencies and objects and more.
Consider it a blend of augmented reality, virtual reality, social media, gaming, and cryptocurrencies.
Cryptocurrencies are the common mode of payment in this virtual universe and this, of course, is where the terms “metaverse coins,” “metaverse tokens,” and “metaverse crypto” originated. Within each environment, every metaverse project utilizes its native tokens for transactions.
For example the metaverse project Decentraland has its own cryptocurrency called MANA and the users will need MANA in their crypto wallets to trade on the platform.
In the coming years, the Metaverse projects are expected to experience significant growth. And it’s quite the right time to start investing in those Metaverse projects to add value to your portfolio.
Here are top 10 metaverse coins that you should consider investing in to take advantage of this growth. These coins have all shown potential and have been around for a while, so better keep an eye on them!
Decentraland is a blockchain-based virtual reality platform that’s part of the Ethereum network. The native token, MANA, which powers the ecosystem in decentraland, has a total supply of almost 2.2 billion. At present, there are 1.84 billion MANA tokens in circulation.
Gamers, producers, and businesses seeking to profit from the metaverse opportunities are buying land on the Decentraland.
On the surface, it looks like a typical game. You can buy property on this platform by buying plots of LAND. You may develop the plot by constructing whatever you want on it and then monetizing the same.
The MANA token has experienced quite a hike in price at the last quarter of 2021, however, now the value is quite steady, showing comparatively less volatility during the first quarter of 2022.
The Sandbox is a virtual reality environment in which players can develop, own, and profit from their gaming experiences using SAND coins. Players may use Game Maker to integrate Non-Fungible Tokens (NFTs) they’ve created into games on the marketplace.
It gives its creators complete control of their NFTs and compensates them for their participation in the ecosystem through transaction fees, staking, or purchasing and selling game items.
Currently there are 1.15 billion SANDS in circulation with a max total supply of 3B.
During the first quarter of 2022, the SAND coins are fairly stable since it climbed down from its all time high of $8.4 in the last quarter of 2021.
Enjin’s a metaverse-style gaming platform in which you may “mint” local tokens ENJ, which you can then trade for assets that will assist you to advance in the game.
Its native token is ENJ, an ERC-20 token that runs on the Ethereum network. It’s intended to be a gaming cryptocurrency for trading in-game goods on its marketplace.
In late 2021, Enjin announced that it plans to raise $100 million for its Metaverse project, and ever since being listed on public exchanges in 2017, this Metaverse coin has enjoyed an incredible price increase.
With total 1 billion tokens in supply, 872 million ENJ tokens are in circulation. Early investors paid just $0.017 per token, and despite such volatility in its price – the same token is valued at $1.83 USD today – having more than what they invested.
Axie Infinity is one of the highest revenue-generating metaverse projects. It’s an NFT pet game, much like Pokemon, that has garnered much attention in the crypto community for its adorable creatures called Axies – sold as NFTs.
Axie infinity has given life to play-to-earn concept and many have given up their full-time jobs in pursuit of this opportunity. The users can collect AXS, the native token called Axie, by playing the game, and can convert them for ETH to buy NFTs on the Axie Marketplace.
The AXS token is currently valued at $69.75 USD.
With a steady growth during the first quarter of 2022 and after reaching an all time high of $160 USD in November 2021, there’s hope for AXS to grow in value if it continues to grow on similar patterns as of last year.
Aavegotchi is a Metaverse project built on Ethereum network that has been operational since last year. It is one of the fastest growing Metaverse projects to date.
Users collect pixelated ghosts as NFTs that are called Aavegotchis and earn prizes by playing the game, improving their spirits, and building a Kinship score with their virtual pets.
To start trading on this metaverse project, you will need to buy an Aavegotchi on the Gotchi Bazaar. This initial investment might put you off but you can always sell the Aavegotchi back into the market or if you manage to develop a higher kinship degree with the Aavegotchi and raise its scarcity, you may even profit!
The primary utility asset on the platform is GHST, an ERC-20 token living on the Ethereum blockchain. GHST’s primary utility is to buy Aavegotchis in the marketplace. In addition, GHST holders can participate in Aavegotchi’s DAO.
The platform’s main utility asset is GHST, an ERC-20 token. The primary purpose of GHST is to purchase Aavegotchis from the Gotchi Bazar – its exclusive marketplace.
The sharp increase in value in the last quarter of 2021, has triggered a steady growth for GHST to thrive in this competitive market – valued at $2.06 USD per token.
SushiSwap is primarily a decentralized exchange where users can buy and sell cryptocurrencies, with a market cap of $500 million
However, SushiSwap has grown its business concept by establishing an NFT marketplace alongside the Metaverse. This will not only immerse consumers in the NFT trading experience but will also allow buyers and sellers to exchange goods in a decentralized manner.
Its native token is called SUSHI and is currently valued at $4 USD per token.
Their most recent metaverse project makes it an investment worth keeping an eye on to get in early-on since they already have 51% of the total supply out in circulation.
However, the volatility is still there and you may want to be careful when investing in highly volatile projects.
Illuvium is an open-world gaming platform, a metaverse project based on an RPG (role-playing game) framework. Players in a completely immersive setting are assigned the duty of hunting animals, referred to as Illuvials.
The cognitive (artificial intelligence) capabilities of Illuvium’s gaming platform are what sets it apart from other metaverse projects. Rather than being restricted to certain areas, players can explore the entire in-game world or developers could create their own games on this platform.
The Illuvium native utility token is ILV, introduced in early 2021, when it traded on public exchanges for just $68. In the last quarter of 2021, ILV soared to over $1,800 and since then, it has fallen as low as $600 or so, keeping the value more or less steady around $600.
Gala is a blockchain gaming platform that utilizes Non-Fungible Tokens (NFTs) to create a gaming platform on a blockchain in which gamers may trade and own game assets all over the world at any moment.
Its native token is known as GALA that offers utility for network governance, node operator incentives, and in-game rewards for gamers. It can also be used as an in-game currency to buy NFTs and assets from their exclusive marketplace, Gala store.
The graph below shows a spike and decline, but overall the current trading volume indicates that GALA is on a slow and steady path upwards. Its value has significantly improved over the past year since its launch in 2020 and is only projected for growth as the traffic on the platform increases.
Wilder World is the right opportunity to look into if you’re seeking a low-cap metaverse project. The project, which claims to be a “5D Metaverse created on Ethereum,” allows users/players to acquire and create customized in-game items. This covers everything from land to condos, statues, and other features that are traded as NFTs on the platform.
Its native token is an ERC 20 token known as WILD, valued at $1.53 per token. Currently, this Metaverse cryptocurrency has a market capitalization of less than $150 million, indicating that it may be one of the best cryptocurrencies to invest in for large gains.
First of many to come, StarAtlas is a Solana powered metaverse gaming platform. It’s focused on developing the greatest AAA gameplay possible and has been extremely popular among gamers since it launched.
StarAtlas features a two-token system, allowing tokens to be staked. Its users/gamers can explore numerous environments and engage in battles, which may help them acquire unique in-game items by establishing alliances and forming bonds.
It native token ATLAS can be used to purchase those in-game assets.
With the project still in its early phases, this is an excellent opportunity to invest and profit from being an early investor.
These are just a few of the many exciting metaverse projects that you can invest in. However, these projects are highly volatile and fairly unpredictable especially during the initial phases. The best you can do is do your own research, make an educated guess and trust your instincts.
Remember to never put all your eggs in one basket. Invest a minimum amount of what you can afford to lose that may amount to 1% to 5% of your investment portfolio.
Start investing in Metaverse coins in 2022!
Disclaimer: All investment strategies and investments involve risk of loss. Nothing contained in this website should be construed as investment advice.