Crypto-cloud economies are dubbed to be the next investment destination in the web3 ecosystem. At the helm of this paradigm development is what we call “Metaverse.”
A Metaverse is an interconnected, 3D virtual world, offering an experiential (real-time) socializing experience. It enables a user-owned internet economy in a fusion of the digital and physical worlds.
The curiosity-oozing realm of the Metaverse has been intriguing the users ever-since its mainstream debut.
With Facebook embracing Meta as its new brand identity, the Metaverse vitality simply cannot be understated. Meta, in fact, invested over $10 billion on the metaverse project in 2021.
News headlines, social media spotlights, and on/off-stage discussions, the Metaverse is omnipresent, offering an alluring investment destination in 2022.
Sitting on a $4.21 Billion market cap today, per CoinGecko, the Metaverse realm is home to promising coins. Spotting these high-potential coins early, investors may reap a hefty profit. It’s advised to select investing in coins that come with a robust financial backing:
Let’s explore some of these utility-offering, well-performing metaverse coins:
1. The Sandbox (SAND)
Priced $0.562772 at press time, SAND gained 2.5% today, with a 24-hour volume of $118 million, per CoinGecko. SAND’s market cap, as of Nov. 24, 2022, is $875 million.
Crossing the $1 price range in Q4 2021, it peaked to $7.51 in November 2021. Note that SAND’s supply is pegged at 3 billion tokens. Together these factors make it a noteworthy Metaverse coin.
2. Axie Infinity (AXS)
AXS is priced at $6.81 at press time, AXS gained 2.9% today, with a 24-hour volume of $78.1 million, per CoinGecko. AXS’s market cap, as of Nov. 24, 2022, is $767 million. The AXS token’s all-time high price is $159.76 (in Nov. 2021).
With AXS’s daily active users (DAUs) breaking the 2.7 million mark in November 2021, its real-time live player count is 104,926, reports ActivePlayer.io. AXS’s current DAU stands close at 556,058.
3. Decentraland (MANA)
Trading at $0.387304 at press time, MANA gained 3.5% (so far) today, with a 24-hour volume of $67.1 million, per CoinGecko. MANA’s market cap, as of Nov. 24, 2022, is $702 million. The MANA token scaled to $5.20 in Nov. 2021.
Decentraland allows players to buy virtual land, develop virtual games plus digital assets. It’s worth noting that even the luxury goods and art broker, Sotheby’s, purchased a land plot in Decentraland.
4. Enjin Coin (ENJ)
Currently priced at $0.300008, the ENJ coin has gained 2.3% at press time, with a 24-hour volume of $15.6 million, per CoinGecko. MANA’s market cap, as of Nov. 24, 2022, is $299 million.
The Enjin coin touched the $4.24 price mark in Nov. 2021. Its 14-day peak stands at $0.375892 on November 11, 2022. Enjin announced its $100 million Efinity Metaverse Fund on November 4, 2021.
5. Render (RNDR)
A digital creation process marvel, Render is rendering the Metaverse. It does so via distributed GPU rendering on the blockchain.
RNDR is trading at $0.451524 at press time. It gained 5.9% (so far) today, with a 24-hour volume of $12.3 million, per CoinGecko. RNDR’s market cap, as of Nov. 24, 2022, is $135 million.
RNDR topped to $7.83 in Nov. 2021. Its recent peak is at $0.489906, as of November 20, 2022.
6. Merit Circle (MC)
The Metaverse-building token, Merit Circle DAO, is priced at $0.420479 at press time. Merit Circle scored 6% (so far) today, with a 24-hour volume of $2.8 million, per CoinGecko.
The play-to-earn game, Merit Circle’s market cap, as of Nov. 24, 2022, is $131 million. Its peak price is $10.70 (in Nov. 2021).
Its innovative in-game economics rewarding on performance makes Merit Circle a worthy Metaverse player.
7. FLOKI Inu (FLOKI)
Priced $0.00000926 at press time, FLOKI gained 6.4% (so far) today, with a 24-hour volume of $2.4 million, per CoinGecko. FLOKI’s market cap, as of Nov. 24, 2022, is $85.9 million. FLOKI peaked at $0.00030955 (in Nov. 2021).
FLOKI Inu is unique in that it aims to consolidate memes with real-life use cases. A game and an NFT marketplace is in the making for FLOKI Inu, much to delight its 400,000 token buyers.
8. Mobox (MBOX)
Trading at $0.476904 at press time, MBOX gained 6.8% (so far) today, with a 24-hour volume of $15 million, per CoinGecko. MBOX’s market cap, as of Nov. 24, 2022, is $79.5 million. MBOX touched $12.74 in Dec. 2021.
9. Radio Caca (RACA)
Currently priced at $0.00021513, RACA has gained 3.6% at press time, with a 24-hour volume of $5.4 million, per CoinGecko. RACA’s market cap, as of Nov. 24, 2022, is $71 million. RACA touched the $0.01131572 mark in November 2021.
Radio Caca, in cooperation with the University of Cambridge Blockchain Society, is building a Metaverse education system.
10. My Neighbor Alice (ALICE)
The charming farm and builder game’s native ALICE token is trading at $1.23 at press time. It has gained 6.9% today, with a 24-hour trading volume of $24.9 million, per CoinGecko.
ALICE’s market cap, as of Nov. 24, 2022, is $70.1 million. The ALICE token peaked at $26.97 in November 2021.
