The global cryptocurrency market is approaching a two-year low, currently valued at $856 billion. Bitcoin and Ethereum continue to struggle with bearish momentum. The good thing about the current bear market is that after a bear market, a bull market is inevitable. Crypto expert Paul Brabus is examining the top three metaverse coin projects under $2 a unit to buy in this bear market. We present it to our readers with the expert’s explanation.
Decentraland (MANA) first metaverse coin project
Decentraland (MANA) hit the market in February 2020. Currently the most valuable metaverse coin project in Ethereum-based, Polygon compatible crypto. It has a market capitalization of over $1.5 billion. Also, Decentraland is the most popular project with the most users on Metaverse.
Decentraland has a fully functional 3D environment as an in-browser experience and a desktop client for those looking for a high quality immersive experience. Decentraland’s Metaverse was built with the Unity game engine. This allows it to run on many devices, including low-end laptops and high-end desktops.
Decentraland offers dozens of places to visit, from a variety of play-to-earn (P2P) games to clubs to hang out with friends. Also, Decentraland has one of the robust communities. It allows users to purchase virtual real estate in the form of NFTs and customize their character by purchasing wearable NFTs on the market.
It is also possible for users to earn free NFTs by participating in various events and promotions for those who want to expand their existing NFT collection on Ethereum. In addition, Decentraland also owns Decentral Games, a virtual casino that allows users to win real cash prizes for gaming.
Second metaverse project Sandbox (SAND)
The Sandbox (SAND) released Alpha in December 2021. It follows ApeCoin (APE) closely. It is currently valued at over $1.2 billion. And the second most valuable Metaverse crypto project on the market. Sandbox is a direct competitor of Decentraland. The primary difference is that Sandbox does not include an in-browser client. It also focuses on providing users with a higher visual quality experience with additional RPG features.
Sandbox also incorporates the popular P2P model into its experiences. However, Metaverse is currently in development. Therefore, users cannot win rewards yet. However, the Sandbox Metaverse is still developing. The Sandbox has long-term potential. The Sandbox’s primary utility token is SAND. The token is used in The Sandbox’s Metaverse and can be staked on the platform for rewards. For more information cryptocoin.comTake a look at this article.
Latest metaverse coin project Aavegotchi (GHST)
Aavegotchi (GHST) first hit the market in February 2021. It currently has an incredibly low market cap. As the name suggests, Aavegotchi is a play on the popular Tamagotchi pet toy that gained viral popularity in the early 2000s.
Aavegotchi are NFT-based creatures that live on the Ethereum Blockchain. It is possible for users to interact with these NFTs. They’re also likely to develop a kinship score that raises Aavegotchis and boosts its stats. In turn, this increases the value of each NFT. This provides an exciting way to make a profit.
An interesting fact about Aavegotchi NFTs is that they hold their value well despite current market conditions. The lowest price for an Aavegotchi NFT is currently at 419 GHST (roughly $648). Since Aavegotchi is a Blockchain-based project, it is possible to immortalize the virtual pet forever. That’s why your friend is never lost as long as you keep your wallet and private keys safe.
Also, Aavegotchi has the option to purchase virtual real estate in the form of parcels on its Metaverse. The Metaverse of the project is called Gotchiverse. It allows users to purchase parcels to start earning passive income and claiming rewards in the virtual world of Aavegotchi. Aavegotchi has long-term potential.
GHST is the primary utility asset for the Aavegotchi ecosystem, an ERC-20 entity living on the Ethereum Blockchain. GHST is used to buy virtual real estate, Aavegotchis and interact with all aspects of the Aavegotchi economy.
