Metaverse has become a term we encounter everywhere. In the news, on social media, and even at the dinner table. However, Metaverse is still far from being mainstream. However, it continues to rapidly attract the attention of tech and crypto investors. Therefore, Metaverse coin projects appear as an opportunity for 2022 that has not yet reached its potential.
Top 10 Metaverse coins in 2022
Metaverse coin projects are relatively new compared to other cryptocurrencies. As a result, token prices are quite low. In most cases, prices can be found well under $1, and in some even less than a cent. This provides an investment opportunity for just about anyone. However, just because it can be purchased does not mean that all projects are worth the money. In this article, as Kriptokoin.com, we have compiled 10 Metaverse coin projects where the analyst expects big gains in 2022.
ApeCoin (APE)
APE is an ERC-20 token, i.e. on the Ethereum Blockchain. As a governance and service token, it allows its holders to participate in the governance of the Ape ecosystem. It also gives them access to games and other products and services available only to ApeCoin holders. ApeCoin works as a Metaverse coin for Otherside, the Metaverse of Yuga Labs that created the Bored Apes Yacht Club NFTs. Yuga Labs recently raised approximately $320 million from a land sale, Fortune reports. The sales allowed APE token holders to purchase land on the Otherside. However, problems arose with the printing of plot NFTs called Otherdeeds. The price of APE fell from $26 at the time the sale was announced to $3.49 in June. However, the Otherside Metaverse demo resulted in a price spike for the token. ApeCoin is priced at $6.95 as of August 13.
Sandbox
Metaverse coin project Sandbox performed impressively. The platform’s native token, SAND, has been on a steady rise throughout 2021, surpassing the $1 mark in the last quarter of 2021. Then, it continued its upward move to $8.40 last November. However, the price has since experienced a decline. It settled at $1.32, up about 63% from its June 2022 low. With a VR aspect, this project realizes the metaverse vision. Sandbox is actually a game. It has the support of game brands such as Atari. In addition, Lionsgate has recently partnered with The Sandbox to create a “Hellboy” themed Metaverse destination. As a result, Tony Hawk announced that he would build a skate park there. In this Metaverse running on the Ethereum network, SAND is used for various purposes such as NFT creation.
Decentraland (MANA)
In terms of popularity, Decentraland is a Metaverse coin project that is frequently in the news. This is partly due to the NFT craze, which has led to significant gains for the platform’s native token, MANA. Many NFT owners have started using the platform to display their NFTs. But NFTs aren’t the only thing on this metaverse platform. In this universe, you can buy virtual land, create virtual games and other digital assets. Luxury goods and arts broker Sotheby’s has bought a plot of land in Decentraland. He then built on this lot a replica of his London offices. This shows that even big companies are looking at Metaverse projects. MANA has dropped significantly since the beginning of the year. However, it has increased by 31% compared to a year ago.
Highstreet (HIGH)
Highstreet is an interesting Metaverse project with virtual reality support, with potential at least for metaverse applications. First, you can shop for things in this virtual universe using the Metaverse coin HIGH. Some Shopify stores are already integrated into the platform. The project has the ability to play games and has NFTs on its radar. That’s why she stays up to date with technology and crypto trends. Moreover, HIGH is now traded on the Coinbase exchange. The project received support from technology company HTC and raised $5 million in August 2021. As of August 2022, its market cap is over $24.9 million.
Floki Inu (FLOKI)
Yes, Floki Inu is another meme-based cryptocurrency. However, it is working to be a Metaverse coin that specifically appeals to those looking for low-value cryptocurrencies. They named the currency after Elon Musk’s Shiba Inu dog. This is also the name of another crypto project. The project’s website says it aims to combine memes with real-world use cases. It also says it will launch an educational platform as well as a gaming and NFT marketplace. This is a project still under construction. However, its current situation does not prevent people from purchasing FLOKI tokens. Floki Inu has a market cap of $141.31 million and is selling for $0.000015 as of August 12.
Metahero (HERO)
Metahero is a new Metaverse project revolving around creating high-resolution avatars of real-world objects and people using 3D scanning. The company has even set up a scanning room in Doha that scans objects and creates their digital, 3D forms for the Metahero universe. Metahero has also partnered with Wolf Studio for this purpose. Its native token, Metaverse coin HERO, has a market cap of $44.3 million as of August 2022. This indicates that it is comparatively smaller than other tokens on the list. However, this is not due to failure, but because the project is very new. Metahero’s annual performance is down 43%. Many on this list have seen some rally in the last month. However, when compared to other alt cryptocurrencies, HERO is not out of line. CEO Rob Gryn has made several collaborations with his other Metaverse project, Everdone, over the past month. This has the potential to support Metahero price.
Terra Virtua Kolect (TVK)
Terra Virtua Kolect is a project that dates back to 2017, when NFTs did not exist. However, it now works as a virtual environment all about NFTs. Using the native token TVK, you can create, sell and buy NFTs from other members. Since this project depends on NFTs, it has great potential given the increase in NFT investment. According to CoinMarketCap, the platform is compatible with web, PC and augmented reality/VR environments. Terra Virtua has recently integrated into the Cardano network to increase the sustainability of its market. TVK market cap is currently over $40.98 million. Also, its annual performance is down 70.8%, an improvement from last month. However, new developments such as a recent partnership with NFT game Kawaii Islands have the potential to increase its user base.
Star Atlas (ATLAS)
Star Atlas is a Metaverse project based on a game that offers stunning graphics. The game takes place in the year 2620, where players can conquer lands and collect resources in a highly futuristic environment. Metaverse has briefly partnered with iBuyPower, a PC manufacturer, in a deal that is expected to expand its user base. Star Atlas also includes ATLAS, a metaverse coin earned by playing games. Think of it as a game where you earn money as you play and achieve something. So you can earn money by playing games. ATLAS is based on Solana, which provides the advantage of low transaction fees compared to Ethereum-based projects. The market cap is $16.9 million and the coin is trading at $0.0078.
Enjin (ENJ)
You’ll see lots of Metaverse coins in games, and Enjin is no exception. Enjin is a Metaverse-style game environment where you can “print” the native token ENJ, which you can then use to purchase assets that will help you progress through the game. Everything in the game, from medicine to improving your character’s traits, is paid with ENJ. So it is also like a market place. Enjin is based on the Ethereum network and has a market cap of $621.7 million. The project has recently launched the first NFT parachain, making over 100 games and apps available on Polkadot. After the number of unique wallets reached 500,000 in May, Enjin started beta testing of Enjin Wallet 2.0.
Epic Prime (EPIK)
Epic Prime is a Metaverse project that has become all about NFTs. The cryptocurrency is available on EPIK, PancakeSwap, Hotcoin Global, KuCoin and Huobi Global. According to CoinMarketCap, Epik has more than 300 gaming customers. Additionally, NFT licenses its collections and experiences to companies such as Warner Music and Universal. As a result, it signals that it is likely to bounce back after the crash of the past few months. EPIK was launched just last year and has a market cap of $4.9 million. This is by far the smallest Metaverse coin project on this list. But it’s worth considering adoptions from big companies.
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