Facebook, one of the largest technology companies in the world, changed its name to Meta to reflect its Metaverse vision. Earlier this year, Facebook announced that the Metaverse project is worth $10 billion. He also talked about this new concept as the technology of the future. The journey to reach the Metaverse is powered by Blockchain and cryptocurrencies. Recently, many new Metaverse coins have hit the market. However, Metaverse is still far from being mainstream in crypto. Recently, however, it has begun to attract the attention of crypto and institutional investors.
9 Metaverse coins expected to shine
The adoption of the Metaverse and the number of cryptocurrencies in this space is growing. For this reason, many analysts are sharing Metaverse coin projects that they expect to rise. This article, which we prepared as Kriptokoin.com, features a crypto analyst’s favorite Metaverse assets. According to the analyst, these 9 cryptocurrencies have the potential to make a big rise in the coming months.
Highstreet (HIGH)
Considering Metaverse applications in virtual reality, Highstreet is an interesting project. Metaverse coin HIGH is used for shopping in this virtual universe. It is already integrated with some Shopify stores. The site is aware of technology and crypto trends. Also, it has games and NFTs. HIGH coin is currently on sale on Coinbase. Highstreet already fulfills the requirements of the Metaverse concept. HTC, a technology company, funded the project in August 2021. The company has a market capitalization of over $20.79 million as of July 2022.
Decentraland (MANA)
One of the crypto metaverse coin projects that has been in the news a lot lately is Decentraland. In addition to the NFT frenzy, the platform’s native token MANA also gained significant value. It has become very popular among users to showcase their NFTs on Metaverse. There are not only NFTs on this Metaverse platform, there is much more. Users can buy and sell virtual land in the Decentraland universe. It can also create various items such as virtual games within the platform. Sotheby’s bought a plot of land in Decentraland to expand its firm’s London office. So even big companies are logging into Decentraland. Created in 2017, Decentraland is one of those older projects that took some time to get recognized. MANA is the second largest Metaverse token by market cap. The price of MANA has dropped significantly since the beginning of the year, but has increased slightly from its value a year ago.
Enjin (ENJ)
There are lots of Metaverse coins in games like Enjin. Using ENJ, you can purchase assets to progress through a Metaverse-style game environment. With ENJ, you can pay for everything in the game, from medicine to feature enhancements. Therefore, Enjin can be thought of as a Metaverse marketplace. Operating on Ethereum, Enjin has a market cap of $543.67 million. More than 100 games and apps are available on the project’s NFT parachain, which was recently launched on Polkadot. Also, beta testing of Enjin Wallet 2.0 started after 500,000 wallets were created in May.
Apecoin (APE)
It is an ERC-20 token, so it is based on the Ethereum blockchain. ApeCoin holders gain access to exclusive products and services. They also participate in the management of the Ape ecosystem. Another use case is in the game Otherside Metaverse, developed by Yuga Labs and based on the famous BAYC NFTs. The company held a land sale in Otherside for APE owners. Accordingly, it has collected about $320 million from sales. Owners purchased 55,000 ‘Otherdeed’, 45,000 of which went to Yuga Lab NFT owners and developers. Due to the sale, the Ethereum network was flooded with traffic and gas fees soared. However, ApeCoin price dropped due to an issue with Otherdeed printing. At the time of the initial announcement, the price of APE rose to $26. However, the Metaverse coin fell as low as $3.49 in June. With the release of Otherside Metaverse, it is possible that a big increase in price will occur.
Terra Virtua Kolect (TVK)
Terra Virtua Kolect existed before NFTs. Now it’s all about NFTs in a virtual environment. A native token called TVK is available to create, sell or buy NFTs from other members. So NFTs are a vital component of this project. The platform supports Web, PC, VR and AR environments. Recently Terra Virtua has added the Cardano network to its market to increase its sustainability. One report said that TVK has already integrated Polygon, the first carbon-positive blockchain. The Metaverse coin is currently worth over $40.98 million by market cap. Also, its annual performance is 74%. Metaverse seems to reach its potential in the long run with new partnerships such as the NFT game Kawaii Islands.
Floki Inu (FLOKI)
There are countless dog-based meme coins, but Floki Inu is among the best. It has the potential to be a low-value and viable Metaverse coin. The memes are combined with real-world use cases on the project’s website. In addition, FLOKI; will launch a game, an NFT marketplace, and an education and content platform. Although FLOKI is still a project in development, people are buying the token.
Metahero (HERO)
Metahero is a new project that aims to create 3D avatars of real-world objects and people. The company has even set up a scanning room in Doha to scan objects and create their digital, 3D forms. They achieved this goal through a partnership between Metahero and Wolf Studio. Metaverse coin HERO has reached a current market cap of $46.31 million. Due to its relatively young age, the token is smaller than the other tokens on this list. Metahero’s Annual performance is at 93%. This is also compatible with other altcoins. It reinforces CEO Rob Gryn’s partnership with Everyone, a different Metaverse project. Therefore, it is possible that the price of the token will increase in the future.
Star Atlas (ATLAS)
Star Atlas features stunning graphics as part of a metaverse project. The game shows a very futuristic environment where players can conquer lands and obtain resources. In a deal that is expected to expand its Metaverse membership, iBuyPower, a PC manufacturer, has become the hardware provider for Star Atlas. Playing the game gives users a token called ATLAS, which is used in the Metaverse. You earn coins by earning rewards, completing missions and playing the game. However, there is a possibility of winning in this case. The game is based on Solana, making the transaction cheaper than Ethereum. A market cap of $18.7 million is attributed to Metaverse coin, which is trading at $0.008654.
Sandbox
In the Crypto Metaverse, The Sandbox performed well. In the last quarter of 2021, SAND exceeded $1. It also continued to rise until reaching $8.40 in November last year. Its price has since plummeted and is now at $1.43, up 66% from a month ago. This project realizes the Metaverse vision through a VR headset. Essentially Sandbox is a game, so game brands like Atari support it. Therefore, it is more likely to survive the current crisis. Sandbox has recently partnered with Lionsgate to create a ‘Hellboy’ themed metaverse destination. Also, a famous name, Tony Hawk, announced his plans to build a skate park. The metaverse universe makes heavy use of NFTs. This is why Metaverse coin SAND is widely spent developing NFT. This Ethereum-based project has 1.26 billion tokens in circulation. The number of tokens held is 3 billion. This is also a promising feature.
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