Web 3 technology has given rise to some exemplary technologies in the entire world that have changed various aspects. These include the blockchain, cryptocurrencies, NFT, and metaverse domains. Out of all of these, we would focus on the metaverse sector in this article. We have curated a list of the best metaverse crypto coins that you can look forward to if you are a crypto enthusiast and trust the metaverse. Therefore, we hope that you go through the list carefully and if you think of investing in them, make a cautious decision.
10 Best Metaverse Crypto Coins That Are Fascinating!
Metaverse crypto is one that can be used in the metaverse that they have been attached to. The user has to buy them via the in-game store that each virtual universe has. The concept of these cryptocurrencies is extremely fascinating and therefore worth knowing about. So, the list contains some of the popular metaverse crypto coins that you should definitely go through in detail. The list has been sorted according to the market capitalization held by these metaverse crypto coins at the time of writing.
You can consider holding them as well if you are certain about their potential and that you can earn through playing games in the virtual world. However, at press time, these cryptocurrencies were in the ‘red’ mostly because of the extreme market conditions. But if in the future the situation improves, do not deter yourself from considering them if you really are interested in it. This is because the various metaverse blockchain options might be luring.
Apecoin is one of the famous metaverse crypto coins that people like to hold and invest in. This digital currency is one of its kind and this is why the faith of people in it never died completely. For further information let’s look at the way the Apecoin CoinMarketcap page defines it. It mentions that it is:
“A decentralized project inspired by Yuga Labs’ Bored Ape Yacht Club project. ApeCoin was founded to be used within the burgeoning APE Ecosystem, which is supported by the APE Foundation. The ApeCoin DAO aims to build and maintain the APE Ecosystem in a fair and inclusive way, providing an infrastructure for ApeCoin holders to collaborate through open and permissionless governance processes.”
At the time of reporting this article, the APE token was down by 1.51% and traded at $5.13. The market capitalization of this metaverse crypto was $1.5 billion, down by 1.46%. However, the 24-hour trade volume of the token was up by a huge 61.17% and stood at $146.48 million. The day’s high was recorded at $5.27.
Internet Computer (ICP)
Internet Computer is a crypto coin that is not much talked about when metaverse cryptos are considered. However, ICP supporters do believe in its potential. The Internet computer CoinMarketCap page defines it as:
“A decentralized blockchain network that was officially launched in May 2021 by the DFINITY Foundation with a global goal to push the boundaries of Internet functionality and support smart contract development at a larger scale. Among the advantages of the project include a skilled team of crypto enthusiasts and the capability for smart contracts, allowing developers to create dApps. Moreover, ICP supports almost endless scalability and a high level of security maintained through a system of checks.”
The ICP token was down by a huge 8.27% and traded at $5.32 at the time of drafting this article. The market capitalization of this metaverse cryptocurrency was $1.42 billion, down by 7.43%. On the contrary, and in line with Apecoin, the 24-hour trade volume of the coin was up by a massive 154.45% and stood at $67.49 million. The day’s high for ICP was recorded at $5.80.
Decentraland is a metaverse blockchain you should definitely read up on. MANA is one of the most famous metaverse cryptocurrencies and surely could not be omitted from our list of the best metaverse crypto coins to know about. The Decentraland CoinMarketCap page notes that it is:
“A virtual reality platform powered by the Ethereum blockchain that allows users to create, experience, and monetize content and applications. In this virtual world, users purchase plots of land that they can later navigate, build upon and monetize.”
The MANA token was down considerably by 4.89% and traded at $0.657 at the time of writing. The market capitalization of this metaverse cryptocurrency was $1.21 billion, losing 4.65% in value. In contrast, the 24-hour trade volume of the coin was up substantially by 104.57% and stood at $117.09 million. The day’s high for MANA was recorded at $0.6909.
The Sandbox (SAND)
The Sandbox crypto gained popularity last year towards the end due to the price hikes it saw. Therefore, SAND is still one of the metaverse currencies that people like to avail the benefits of as it is one of the best ‘play-to-earn’ cryptos out there. The SAND CoinMarketCap page states that it is:
“A blockchain-based virtual world allowing users to create, build, buy and sell digital assets in the form of a game. By combining the powers of decentralized autonomous organizations (DAO) and non-fungible tokens (NFTs), the Sandbox creates a decentralized platform for a thriving gaming community.”
The SAND token was down considerably by 5.24% and traded at $0.7894 at press time. The market valuation of this metaverse crypto was $1.18 billion, declining 4.22% in value. However, the 24-hour trade volume of the token was up considerably by 75.78% and stood at $152.28 million. The day’s high for SAND was recorded at $0.8335.
Theta Network (THETA)
Theta Network, one of the lesser-known digital currencies in the metaverse, is based on the concept of video streaming, making it stand out in the crowd of other such coins. The Theta Network CoinMarketCap page suggests that it is:
“A blockchain-powered network purpose-built for video streaming. Launched in March 2019, the Theta mainnet operates as a decentralized network in which users share bandwidth and computing resources on a peer-to-peer (P2P) basis. The project is advised by Steve Chen, co-founder of YouTube and Justin Kan, co-founder of Twitch.”
At the time of writing, the THETA token was down by 4.17% and traded at $1.02. The market cap of this metaverse cryptocurrency was $1.05 billion, slumping 4.17% in value. However, the 24-hour trade volume of the token surged by 116.80% and stood at $23.69 million. The day’s high for THETA was recorded at $1.06.
Axie Infinity (AXS)
Axie Infinity is one of the popular play-to-earn cryptocurrencies that people have tried in recent years. This crypto is known to provide exceptional benefits to its users and is a great option for those who like to play games in the virtual universe. The Axie Infinity CoinMarketCap page notes that it is:
“A blockchain-based trading and battling game that is partially owned and operated by its players.”
The AXS token was down by a huge 5.99% and traded at $11.67 at the time of reporting this article. The market capitalization of this metaverse crypto was $973.37 million, losing 5.71% in value. On the contrary, the 24-hour trade volume of the token gained by 27.80% and stood at $51.56 million. The day’s high for AXS was recorded at $12.42.
Enjin Coin (ENJ)
Enjin Coin is a crypto that is developed by a social gaming platform, thus bringing cryptocurrencies and games together again. Users can even tokenize the in-game items using the Ethereum blockchain. The Enjin Coin CoinMarketCap page states that it is:
“A project of Enjin, a company that provides an ecosystem of interconnected, blockchain-based gaming products. Enjin’s flagship offering is the Enjin Network, a social gaming platform through which users can create websites and clans, chat, and host virtual item stores.”
The ENJ token was down by 4.26% and traded at $0.4291 at the time of drafting this article. The market capitalization of this metaverse cryptocurrency was $428.67 million, losing 4.25% in value. On the other hand, the 24-hour trade volume of the token was by a massive 114.83% and stood at $30.60 million. The day’s high for ENJ was recorded at $0.4484.
Stacks is a metaverse crypto that uses Bitcoin (BTC) as a base layer to build its DApps with features that would not have been possible to integrate into a regular app. The Stacks CoinMarketCap page notes that it is:
“A layer-1 blockchain solution that is designed to bring smart contracts and decentralized applications (DApps) to Bitcoin (BTC). These smart contracts are brought to Bitcoin without changing any of the features that make it so powerful — including its security and stability.”
At the time of writing, the STX token was down by 5.26% and traded at $0.314. The market capitalization of this metaverse cryptocurrency was $421.29 million, down by 5.15%. In contrast, the 24-hour trade volume of the crypto was up slightly by 8.40% and stood at $12.15 million. The day’s high for STX was recorded at $0.3322.
Zilliqa is a metaverse blockchain launched in 2019 that has been responsible for giving rise to several decentralized applications (DApps), which is indeed notable. The Zilliqa CoinMarketCap page defines it as:
“A public, permissionless blockchain that is designed to offer high throughput with the ability to complete thousands of transactions per second. It seeks to solve the issue of blockchain scalability and speed by employing sharding as a second-layer scaling solution. The platform is home to many decentralized applications, and as of October 2020, it also allows for staking and yield farming.”
The STX token was down by 5.00% and traded at $0.03058 at press time. The market capitalization of this metaverse crypto was $409.90 million, down by 4.07%. In addition, the 24-hour trade volume of the token slumped by 21.32% and stood at $52.84 million. The day’s high for STX was recorded at $0.03221.
Ontology is a blockchain that is operated at low costs and offers a high speed. It has been developed to bring identity and data solutions to the Web 3 ecosystem, which is indeed important. The Ontology CoinMarketCap page mentions that it is:
“A project designed to bring trust, privacy, and security to Web3 through decentralized identity and data solutions. It is building the infrastructure to provide trusted access to Web3, allowing individuals and enterprises to rest assured that through regulatory compliant digital identity solutions, users and their privacy come first.”
The ONT token was down by 4.02% and traded at $0.2161 at the time of reporting this article. The market capitalization of this metaverse cryptocurrency was $189.14 million, losing 4.02% in value. However, the 24-hour trade volume of the token gained (though merely) by 3.93% and stood at $16.28 million. The day’s high for ONT was recorded at $0.2255.
Winding It Up!
Our list of the best metaverse crypto coins that one should know about has come to an end. But we hope that your opportunities to invest and explore the crypto market never end. Do tell us which metaverse cryptocurrency is your pick and if it is not on the list then do share the relevant details about it. These can be great investment and play-to-earn options.
However, the domain is volatile, and this is why you need to be cautious whenever making a choice about the investment options to consider. Therefore, if you are thinking of investing in one of the above-mentioned metaverse cryptocurrencies then do proper research and analyze the trends well before you do it. In addition, during gameplay try giving your best to earn better rewards.