Metaverse coin is a currency in the Metaverse. The term Metaverse appears everywhere on social media, in the news, and even at dinner. While this technology is far from mainstream, it is fast gaining the attention of tech and Crypto investors. As a result, Metaverse coins offer an incredible opportunity to investors.
It helps that one of the world's largest tech companies, Facebook, is staking on the Metaverse world. The company has already spent 10 billion on the project, which is technology's future. In this journey, Cryptocurrencies and Blockchain will play a vital role.
What are Metaverse Coins?
Metaverse is a technology behind a virtual universe where people can play, shop, and trade currencies and commodities.
In Metaverse, Cryptocurrencies will act as money. It bases on the Blockchain concept. It is where the terms Metaverse Coin, Metaverse tokens, and Metaverse Crypto originate from. Each Metaverse project contains tokens used for transactions in this particular environment.
Best Metaverse Coins to Buy Now
The good news is that since Metaverse projects are relatively new, Metaverse coin prices are pretty low. It opens up investment opportunities for every investor. It does not mean that all projects are worth your money.
It's good to buy Metaverse coins that have demonstrated potential through performance, substantial financial support, or both.
Here are the top Metaverse and cryptocurrencies for 2022.
XANALIA Marketplace
XANALIA is one of the largest and most widely used NFT markets. It is one of the largest, hosting all types of NFT purchases, sales, and sports. Think of XANALIA as the Amazon of NFT markets. It stores everything. Many cryptocurrency payment tokens support it. XANALIA is easy to use, and you can set up an account for free and start minting, selling, and browsing in minutes.
Although based on the idea of Metaverse, VR has not been included yet. But it is based on the ideology of Blockchain and Crypto, which is giving control to the people.
Sandbox (SAND)
The Crypto Metaverse Project Sandbox has performed impressively. The platform SAND's local token continued to grow during 2021 and finally crossed the $1 mark in the last quarter, continuing its upward momentum.
With the VR aspect, this project understands the vision of Metaverse. It's a game, but it's based on creating and trading many Non-fungible tokens. By using the SAND Metaverse, token players can create NFTs.
Like countless other Crypto projects, it is based on Ethereum.
Another good factor of it, it has a supply of three billion tokens, of which more than 680 million are in use. As of January 23, 2022, its market cap is $3.690 billion. This token's token performance is 462.52%, indicating how well it is performing.
Decentraland (MANA)
Decentraland is a Cryptocurrency project that is often in the news in terms of popularity. It was partly due to NFT's obsession, which brought significant benefits to the platform's MANA local tokens.
Many NFT owners use the platform to show their NFTs. But NFTs are not the only thing on this Metaverse platform. You can also buy virtual land as an essential feature - hence the name.
Luxury goods and art broker Sotheby's bought a plot in Decentraland and used it to replicate his London offices. It shows that even the big companies keep an eye on Metaverse projects.
Created in 2017, this is one of the oldest projects that have taken time to identify. Although there is little to write about MANA's performance, by early 2022, its market cap is impressive at $6 billion. YTD performance was 247.45%.
Highstreet (HIGH)
Highstreet is an interesting Metaverse project. For one thing, you can buy items within this virtual universe using Currency High.
From a real-world perspective, the project already does what Metaverse Technology said. It is a good option if you are an investor who sees practicality as a measure.
By tech company HTC, the project is backed. It was raised $5 million in August 2021. As of January 2022, its market cap is over $85 million. Since opening in October 2021, the coin's value has increased by at least 90%.
It also has gaming features and NFTs on its radar, so it looks like it's the latest with tech and Crypto trends.
Floki Inu (FLOKI)
Yes, Floki Inu is another dog-meme-based Cryptocurrency. But it's in the race for viable Metaverse crypto, especially for those looking for a low-cost Cryptocurrency. The currency is named on Elon Musk's dog.
The project's website aims to link memes to real-world use issues. It also says it will launch a game and an NFT marketplace. It is a ready project. But it is not prohibited from buying FLOKI.
On Floki Inu, there is no market cap. The coin has risen a staggering 1331.53% since its launch in July 2021.
Conclusion
Metaverse projects appear left and right, but some show real potential from the public. In Blockchain, the Metaverse concept is profound, so it may be good to invest in some of these projects. Also, the NFT buzz seems to be growing.
However, like any other investment, don't spend all your money on just one type of Meta coin. It's better to diversify, and more importantly, buy coins that you think have potential.
