Data from a recent report revealed that the NFT and metaverse markets hit an eight-month high with monthly volumes exceeding $1 billion on Jan. In this article, let’s take a look at 5 NFT and metaverse coin projects from the list of analyst Sachin Goswami that have the potential to gain high value in the coming period.
Here are 5 NFT and metaverse coins with high return expectations
The first-line ApeCoin (APE) is a cryptocurrency designed to aid the development of a decentralized Web3 based on the Bored Ape Yacht Club, one of the best known and valuable NFT collections. APE is an Ethereum-based ERC-20.
The price of ApeCoin at the time of this writing is trading around $5.40. Slightly rising over the last 24 hours.
Internet Computer (ICP)
Blockchain, called Internet Computer, makes it possible for programmers, businesses and entrepreneurs to create and deploy secure, autonomous and tamper-proof boxes. However, it is the only network that stores assets and all other parts of an NFT on the Blockchain.
Internet Computer is currently trading at $7.58. It gained around 5% in value with the momentum it gained in the last 24 hours.
Decentraland (MANA)
Decentraland (MANA) is a decentralized cryptocurrency that allows users to buy, develop and trade virtual land. Users can purchase parcels of land from last year’s NFT spree that sold for up to $100,000. The game’s NFT marketplace allows players to sell almost anything they create.
MANA is currently trading at $0.7136. It has remained relatively stable over the last 24 hours.
Flow (FLOW)
Developed by Dapper Labs, the company behind collectible items such as Flow (FLOW), NBA Top Shots, and CryptoKitties. The popularity of CryptoKitties blocked the Ethereum network at one point, making it impossible to purchase these NFTs.
Flow is currently trading at $1.34. It has gained around 30% in value in the last month.
Axie Infinity (AXS)
Axie Infinity stood out as one of the first major GameFi games to let players earn money by playing the game. The game itself is a cover for the staking and liquidity aspects of DeFi or decentralized finance. The actual gameplay involves players collecting, breeding and trading NFT-like creatures known as Axies.
AXS is currently trading at $10.81. The ATH level is trading at a 90% discount at $165.37. A potential bull has a long way to go to profit back.
A recent McKinsey report, which we quoted as Kriptokoin.com, predicted that the metaverse market could reach a trillion-dollar market cap in the coming years. Many experts think that a new bull market may occur thanks to the interest of Web2 companies in this area.
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