Last updated on January 5th, 2023 at 11:40 am
Ever since Facebook changed its name to Meta signaling the incorporation of the ever-exploding world of virtual reality into its social media platform, there has been an upward trajectory in the use case of metaverse coins (future of Technology).
Metaverse coin projects are fairly new, with coin prices low and investment opportunities open for nearly anyone. If you have been looking for top Metaverse coins with high returns, to invest in you are at the right place.
In this article, 36crypto has listed some of the best metaverse coins that you should be investing in now.
RELATED: Top 5 NFT Games to play in 2022
Advertisement
Best Metaverse Coins To Invest in
MetaverseThe metaverse is predicted to be the next generation of the internet and the future of technology. Recently Metaverse coins are on the rise giving massive returns to their investors. There are a plethora of metaverse cryptocurrencies that anyone can invest in. Below are top metaverse coins to invest in with significantly large market capitalization.
Decentraland (MANA)
Created in 2017, Decentraland with a $1.516 billion market capitalization as of July 11 is one of the most popular metaverse coins that has gotten wide recognition. It is a virtual reality platform that has an outstanding feature that allows buying virtual lands (a non-fungible digital asset), that can be used to create virtual games, offices, and establishments for an entire village
The governance token MANA powered by the Ethereum blockchain is used by players to buy, sell, or trade parcels of LAND. Over the past year, MANA’s price has gone up by over 4,000%. The MANA token is currently trading at $0.8056 as of writing.
Sandbox (SAND)
Advertisement
The Sandbox is an Ethereum-based virtual gaming world where users can create digital assets in the form of Non-Fungible Tokens (NFTs), upload them to the marketplace and use them for gaming experiences and also monetize their content. It is a viable choice for investors who are looking towards owning virtual real estate.
Players can use SAND metaverse coins within the metaverse to purchase digital goods and participate in P2E (Play to Earn). The technology behind the Sandbox is entirely focused on decentralization. SAND’s price went up by over 900% late last year and currently has a market cap of $1.43 billion as of writing. The SAND token is currently trading at $1.10 as of writing.
Enjin (ENJ)
Enjin is more of a fast-growing marketplace for trading in-game NFTs. The local token, ENJ is minted to buy assets ranging from medicine to game characters that can help one progress in the different stages of the virtual games.
Enjin metaverse coins are based on the Ethereum blockchain and have available over 100 games and apps. Recently the enjin network is planning on expanding into the heterogeneous network called Polkadot to avoid the high gas fees accompanied by the ETH network.
Microsoft is currently working with Enjin to produce Azure Heroes, a program for earning digital collectibles. The current market cap is at $470 million and is trading at $0.4774 as of writing.
Metahero (Hero)
Metahero is a metaverse project that has its foundation built on the creation of HD avatars that relates to real-world objects and people using 3D technology. These avatars are used across games, trades, and social media.
With 2.7 million gamers across the world, Metahero has again gained popularity over the years. The cryptocurrency HERO, its native token, has a market cap of $67 million as of July 2022 and currently trading at $0.0086.
Axie Infinity (AXS)
Axie Infinity is well known among other play-to-earn games as one of the most active in the industry. It has an estimated 3 million active players around the globe on its platform. The gaming metaverse has in-browser characters called Axies, which are NFTs that are bought, bred, and traded on.
The game also has virtual real estate, which draws non-gamers to the platform. Players can make in-game purchases, stake their coins, and participate in community governance using the AXS token.
Axie Infinity (AXS) is available to trade on exchange platforms like Binance, Huobi Global, Coinbase, FTX, etc.
The current market cap is at $1.16 billion and is trading at $14 as of writing.
Conclusion
Metaverse crypto projects are gaining momentum and you wouldn’t want to miss out on this real gold mine. If you are looking for the top metaverse coins to invest in, then it can’t get better than this list. The metaverse concept has a deep root in blockchain and cryptocurrency, which is why it can be a good idea to invest in some of these projects.
However, as with any other investment, there are risks associated with trading cryptocurrencies, so it is advisable to do thorough research on the projects before investing in any of the projects. It’s best to diversify, and more importantly, buy coins you think have potential.
Special Offer (SPONSORED)
Binance Free $200 (Exclusive): Use this link to register and receive $200 free trading fee credit (terms).
"3Commas Trading Bot" Special Offer: Use this link to Sign up with 3Commas and get 10% off your first monthly subscription.
NWANKWO CHIGOZIE
Nwankwo Chigozie is a content writer and cryptocurrency enthusiast. He loves researching about cryptocurrency and everything surrounding the cryptospace. Follow on all social platforms.