The Metaverse blockchain is a relatively new player in the cryptocurrency world, but it has already made a significant impact. This innovative platform allows users to create and trade digital assets, which has sparked the development of exciting new projects. The metaverse is driven by cryptocurrency, and as crypto adoption continues to grow, so will many metaverse cryptocurrencies and projects.
Many big corperations, such as Meta, have already taken an interest in the Metaverse blockchain. This has led to the development of many projects expected to be significant in the crypto world. Moreover, since metaverse projects are relatively new and cost less than other crypto projects, they are expected to experience a lot of growth in the coming years.
Some of the top metaverse cryptocurrency projects to keep an eye on include:
The SandBox (SAND)
The SandBox is one of the biggest metaverse projects. SandBox is a virtual reality environment built on the Ethereum network where users can create, develop, and share content. Users can also purchase and sell land on the metaverse. SandBox has positioned itself as one of the best metaverse crypto projects in the past year. Thanks to its innovative platform and strong growth potential the platform has risen to prominence.
One of the biggest reasons for SandBox’s exponential growth is the native token SAND. This token has shown impressive growth performance and a steady price increase all through 2021. In the last quarter of 2021, it increased to over $1. By November 2021, it was selling at about $8, indicating the potential that the coin offering.
However, as the crypto market has experienced a bearish trend in the past year, SAND has also declined in price. At the time of the publication, it is trading at an average of $0.75. While some see this as an alarm, in my opinion, while the price is low is the best time to invest. As the market improves and SAND continues to grow, it’s projected that its value will continue to rise throughout 2023 and beyond. Interestingly, SandBox is expected to make a shift to Polygon’s layer 2 blockchain technology. With this move, it will have faster processing time and cost fewer transaction fees.
Decentraland is arguably the most popular metaverse project. This virtual reality platform is built on the Ethereum blockchain and allows users to create, develop, and monetize their content.
Decentraland has been growing rapidly since its launch in 2017. By 2020, it had over 90,601 parcels of land sold at an average of $3,000.
Its growth can also be attributed to the MANA token, which is used for all transactions on the platform. The popularity of this token is evident in its performance in the past year. MANA has grown steadily throughout 2020 and early 2021, peaking at $5.90 by November 2021.
MANA has shown signs of growth as investors are starting to show more confidence in Decentraland and its potential to become a leading VR platform in the crypto world. In the past month, there’s been a price change of about 3.81%, with MANA trading at an average of $0.38 by late November 2022.
APE is an ERC-20 token because it’s built on the Ethereum blockchain. It is a governance token, and its users use it to govern the Ape Network. It is the native token for Otherside, a metaverse gaming platform. The ApeCoin cryptocurrency was inspired by the Yuga Labs’ Bored Ape Yacht Club project. This club has some of the most famous people in the world. Celebrities such as former Chelsea captain John Terry, musicians Justin Beiber and Selena Gomez, and rapper Eminem, reportedly are investing.
ApeCoin Investors have used it to purchase land or Othwerdeeds on the platform. As with all other metaverse crypto projects, ApeCoin has also experienced steady growth in the past year. It reached its peak at $ 24.07 by October 2022. While it may have dropped like the rest of the market, it’s still an established and promising project in the metaverse space.
In the final week of November 2022, APE was trading at an average of $3.38. At such discounted prices it presents an excellent time to buy the dip. The projection is that the price of APE will likely shoot up in 2023, and market watchers expect it soon be above $10 again. ApeCoin is also expected to begin accepting tokens across other industries. Consequently, metaverse projects are hinting that they could break the $50 barrier mark by 2024.
Metahero focuses on creating high-quality and high-definition avatars for real-life objects and people in the metaverse. The HERO token is the native currency for this project. Hero performs the following:
- It enables bandwidth
- Storage space
- Access to high-definition avatars on the Metahero platform
The HERO has a market cap of about $30,189,595 and traded at an all-time high of about $0.25 in Dec 2021
The current price of HERO is a good indicator of the project’s potential. In the past week, its price has increased by about 0.86% and is now trading at $0.0038 on November 28, 2022.
With a promising platform that focuses on improving virtual reality experiences in the metaverse, it’s expected that Metahero will continue to grow in popularity and attract more investors in the coming years.
Additionally, the project has collaborated with other metaverse projects, such as the metaverse project, Everyone. The Everyone project not only helps it scale but also gives it the potential to become one of the leading platforms in the metaverse space.
AXIE INFINITY (AXS)
Axie Infinity has become one of the most popular gaming platforms due to its endearing animal-like characters and the chances it provides to its players. In this metaverse players can raise their axes, breed them, and battle other players on the platform. It is one of the best ways players can earn real money in the metaverse while having fun playing games.
The AXS token is an integral part of the Axie Infinity platform.
AXS allows users to:
- Buy land
- Breed axis
- Battle other players
The popularity of this project is evident in its performance over the past year. In 2021, AXS experienced a 200% price increase compared to 2021. However, the bearish trend in the crypto market in 2022 has seen it suffer similar drops to other crypto projects in the metaverse space. As of late November 2022, AXS is trading at an average of $6.50. Currently it is shown signs of a potential price increase in the coming months.
With its growing user base and unique gaming experience, Axie Infinity is expected to become one of the most prominent players in the metaverse gaming space in the coming years.
Moreover, AXS gives its investors a chance to vote on the game’s future development. In addition, AXS is the governing token of the metaverse project.
Cryptovoxels is a Minecraft-inspired metaverse that is built on the Ethereum blockchain. It consists of a rich network of digital infrastructure, such as roads, buildings, and other infrastructure which players can use.
In this platform, users own exclusive rights over their assets. The platform is built on an immutable blockchain, so there are virtually no chances of data loss or breaches. The CVPA token is the native currency for this project and is used to buy land and pay for other services throughout the platform. You can purchase these tokens on OpenSea to correlate with land Cryptovoxel’s Origin City.
The popularity of Cryptovoxels is evident in its market cap, which rose above $3 million by late 2022. It also has a floor price of 0.4044 ETH, making it one of the metaverse projects enjoying price buoyancy. It has built a solid community behind it as it’s one of the early initiatives in the crypto gaming space.
With the growing popularity of this unique platform. Cryptovoxels is expected to continue growing in the coming years as it offers players a new frontier for crypto gaming and asset ownership in the metaverse.
High Street (HIGH)
The high street is a metaverse platform that allows you to shop for products inside the virtual world. It’s already connected to top eCommerce stores like Shopify and more. As more e-commerce platforms move in this direction you will be able to easily buy products for real money in the game. The platform’s big selling point is the two-way floor of currency between the real world and the virtual world.
The HIGH token is the native currency of this project, and it is used to purchase land, which will let you build your shops or can also be used to purchase products, play games, and more on this platform.
With a growing user base of over 300,000 on the HighStreet platform, it is quickly becoming one of the most popular platforms in the metaverse shopping space. Moreover, with its growing popularity and integration into leading eCommerce stores. The coin has a market cap of about $14,313,121 and a 24-hour trading volume of $35,881,174. What makes this coin unique is the integration between the virtual and real worlds. With this technology, players are allowed to earn utilities that can be used on both platforms.
Looking forward, we expect HighStreet to continue gaining popularity as more users discover this immersive platform for buying and selling products in the metaverse space. The current price of $1.17 is only expected to go higher.
The Virtua project was first launched in 2017 and has quickly become one of the most popular platforms for trading crypto assets in the metaverse space. It was launched back when NFTs weren’t in existence, making it one of the best projects in the crypto gaming space.
Unlike most platforms, Virtua integrates real-time voice communication and multi-player gameplay into its platform. This makes it one of the most immersive metaverse projects for gamers to interact with each other. It is also built on the Cardano blockchain, which focuses on the project’s sustainability.
The TVK token is the native currency of this platform, and it can be used for buying land, playing games, and more on this platform. It is an ERC-20 utility token with a market cap of about $21,931,420 in November 2022.
TVK token trades at $0.029 as of late November 2022, giving investors a chance to invest in it. TVK token is a good catch in the crypto market because it’s fairly new and has had a steady price increase. It hit an all-time high of $1.13 before dropping due to the crash in the crypto market.
Enjin Coin (ENJ)
Enjin coin is built on the Ethereum blockchain, an ERC-20 utility token used in the metaverse gaming space. It allows users to upgrade in-game assets or to pay for game items when playing in the metaverse. Like any other token, it focuses on the rich and ever-developing gaming platform in the metaverse space.
As of late November 2022, the ENJ token has a market cap of close to $295,749,071, and it’s currently trading at $0.31 with a 24-hour volume of over $14,831,089. It has impressive performance in trade volumes and gained popularity among gamers in the metaverse space.
The ENJ token is one of the most sustainable projects in the crypto gaming market, making it a favorite among investors. As more users engage with the platform, its value will continue to increase, making it an excellent investment opportunity for those looking to make money from their investments in the metaverse space. When minting blockchain assets with ENJ, you can get the following benefits:
- Provides scarcity hence the value
- Creates a permanent digital record of ownership using the ENJ blockchain.
- All transactions are verified through smart contracts, making them immutable and transparent.
- Users can destroy their blockchain assets anytime and retrieve the value from within.
Star Atlas (ATLAS)
Star Atlas is a metaverse project for the future. This is because it involves users investing in games they’ll play in 2620, where players can acquire properties in a future reality while existing in the present.
ATLAS is a Solana-based blockchain coin with a market cap of about $$23,480,077 as of late November 2022. The price as of November 28, 2022, was at $0.0024, making it one of the most affordable and stable crypto projects in the metaverse space.
ATLAS is a good investment because it provides a gaming experience encompassing different genres and a cinema-quality gaming experience, and users can also earn assets. Players can use this token as an in-game currency to purchase the following in the metaverse:
- Land and clubs
- Tickets for gaming events
- Tokens to bet on games.
If you’re looking for a great investment opportunity in the metaverse space, look no further than the top 10 metaverse crypto projects listed above. Each of these projects offers something unique and exciting for gamers and investors alike. Consequently, they are some of the best metaverse cryptocurrencies in this rapidly developing market. Whether you’re looking to invest in an innovative gaming platform or a token that can be used for other purposes, you’re sure to find something that meets your needs with these top metaverse crypto projects.