The crypto markets performed well last week. Some metaverse coin projects also remain the most popular niche tokens for traders and investors. Crypto expert Paul Brabus examines the top three metaverse coins under $0.2 a unit to watch in July 2022. We present the projects to our readers with the expert’s explanation.
First metaverse coin project WAX (WAXP)
WAX (WAXP) was launched in December 2017. It is one of the least used Metaverse Blockchains, providing infrastructure to numerous NFT and Blockchain-based projects. WAX has some of the most popular Metaverse games on the market, including Alien Worlds, Splinterlands, Farmers World and much more.
WAX ecosystem has cloud wallet integrated with dApps built on WAX. So, it is extremely easy for those new to the crypto market. This means users no longer need to download and install third party web wallets like MetaMask or Phantom wallet to access various dApps. It makes exploring the WAX ecosystem and everything it has to offer easy and hassle-free.
Also, WAX’s Proof of Stake (PoS) system does not require miners to use electricity to secure the network. Therefore, it makes the network environmentally friendly. Instead, WAX uses virtual resources called CPU, NET, and RAM to pay for transactions. It is possible for users to acquire these resources by staking WAX’s token, WAXP.
WAX has a current market cap of $201 million. The token price is below 10 cents. WAXP enables users to purchase NFT, interact with various dApps on the platform. It also allows them to obtain resources (CPU, RAM and NET) to pay for transactions.
Efinity (EFI) second metaverse coin
Efinity (EFI) hit the market in August 2021. Another unique Blockchain created specifically for the Metaverse. The Enjin team supports the Efinity Blockchain. Efinity provides a high-traffic backbone for on-chain high-interaction applications. In this way, it focuses on Blockchain functionality and stability.
Up to 2,200 coins can be minted in a single transaction on the Efinity Blockchain. This is an impressive statistic for Blockchain. Efinity is still in its early stages. However, it already has several projects built on Blockchain. One of the prominent projects is Newscrypto. The project offers traders and investors an inside look at cryptocurrencies with unique market reports and insights. The current market cap of Metaverse coin is $28 million. The token price is 17 cents. The primary token for Efinity is EFI. The token provides faith for users to pay transaction fees on the platform, interact with the dApps ecosystem.
The latest metaverse coin project Chromia (CHR)
Chromia (CHR) launched in May 2019. A good choice for the lowest value Metaverse coin with tokens under $0.2. Chromis describes itself as a next-generation relational blockchain built for Metaverse gaming applications that require high on-chain interaction.
Meanwhile, Chromia has proven to be a Blockchain that supports quality Metaverse applications. Some notable projects built on blockchain include Mines of Dalarnia and My Neighbor Alice. Both projects have a market value of millions. It points to the immense potential of every Metaverse game and the infrastructure on which it is built. Chromia’s ecosystem has a large collection of projects that include much more than just Blochain games.
At the same time, Chromia’s relational development environment makes it much easier to produce high-quality dApps. It also provides developers with a robust toolset for creating Metaverse and NFT-based games. The primary service asset on the platform is CHR, an ERC-20 token with a BEP-20 version. The token enables payment of dApp fees for the platform and activation of the Chromia ecosystem. CHR has a current market cap of $103 million and a unit price of $0.18. For more information about Chromia, have a look at this article from Kriptokoin.com.
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