Many metaverses have come to the fore lately and are expected to be pioneers in the digitizing world. This has made metaverse coin projects stand out as well. Metaverse coins are used to trade on various metaverses. Some of these coins are also listed on various cryptocurrency exchanges. For example, users on WazirX, Coinbase and Binance can trade with these coins regardless of the metaverse. For this reason, many cryptocurrency investors are also looking at metaverse coins.
There is huge potential for these 5 metaverse coins
Strategists in particular are very enthusiastic about metaverse tokens. Users were even reassured by Bank of America strategist Haim Israel that the metaverse tokens represent a “huge, huge opportunity.” So, which coins should be considered in the upcoming period? Here are the coin choices of analysts…
Apecoin (APE)
cryptocoin.com As we have also reported, APE has the ERC20 token standard. That is, it is accessible on the Ethereum network. As a utility and management token, it allows holders to participate in the management of the ApeCoin ecosystem. It allows users to gain access to games and other goods and services available only to Apecoin holders. At the time of writing, APE is changing hands at $6.17, down 2.2 percent. The trading volume in the last 24 hours is around $259 million.
Decentraland (MANA)
MANA is a well-known cryptocurrency that comes up frequently. Its metaverse is Decentraland. Its popularity was partly driven by the NFT craze, which also brought massive gains to the platform’s native token, MANA. The platform was soon used by many NFT owners to view their NFTs. MANA is up 5% in the last 24 hours and is currently changing hands at $0.70. The 24-hour trading volume is around $187 million.
Axie Infinity (AXS)
Axie Infinity is a game similar to Pokémon. The design of the Ethereum-based game rewards players for mastering NFT assets while encouraging players to manage their own assets. Axie Infinity’s price at the time of this writing is $11.8, up 2.3 percent in the last 24 hours. The trade volume in the last 24 hours is around $175 million.
The Sandbox (SAND)
The Sandbox is a win-to-play game powered by Ethereum. The Sandbox also combines Defi, NFTs and Blockchain in a three-dimensional metaverse. According to many, this game paved the way for metaverses to have an important place in the game industry. Currently, SAND is changing hands at $0.75, up 2.8 percent. The trading volume in the last 24 hours is around $162.
Theta Network (THETA)
Theta Network offers several Blockchain-enabled fixes for the problems the traditional video streaming industry is currently experiencing. The project is a decentralized video distribution network. Compared to traditional service providers, the platform offers high quality video streaming at a more affordable price. Also, experts say Theta Network is one of the best metaverse tokens to invest in. Currently, THETA is changing hands at $1.10, down 5.6 percent.
