As the Metaverse emerges as the new generation of communication technology, several cryptos on the blockchain are in strategic standing. These tokens are used in various Metaverse platforms and allow investors to become part of the creation of this world. The Metaverse tokens that investors should look forward to include STX, RENDER, FLOKI, EGLD, AXS, and SAND.
Stacks (STX)
Stacks (STX) is the layer 1 blockchain that incorporated smart contract and decentralized applications (dApps) into the Bitcoin business. Due to Bitcoin’s security and reliability, Stacks enables people to build secure and effective Metaverse apps. STX is a primary asset of the Stacks ecosystem, which is vital to the network’s operation to support Metaverse on the base of Bitcoin.
As of press time, STX is priced at $1.72, marking a 4.42% decline within the last 24 hours. Despite this short-term dip, STX has experienced a significant 13.71% increase over the past 7 days, showing resilience and a positive trend in the broader market.
Render Token (RENDER)
RENDER or Render Token is an integrated token of the Render Network which is a decentralized rendering service that uses GPUs. As Metaverse continues to demand higher quality of 3D content, Render Token directly addresses the rendering of complex assets on a decentralized platform. This makes it possible for developers to create interactive Metaverse areas at a cheaper price and provides Render Token a strong position as a small mover for every Metaverse.
In the past 24 hours, the price of RENDER has experienced a 2.45% decline, bringing its current value to $6.12 as of press time. Despite this recent dip, RENDER has seen an impressive 33.30% increase over the last 7 days, indicating strong upward momentum.
Floki Inu (FLOKI)
While Floki Inu (FLOKI) was initially regarded as a meme coin, it has evolved towards the Metaverse model as a decentralized community-independent organization. In this ecosystem, the FLOKI token is used as a payment tool for products and services, rewards and encouragement. Therefore, the increasing community of Floki Inu and expanded emphasis on Metaverse also support the assumption of Floki Inu as one of the market players in Metaverse.
As of press time, FLOKI is trading at $0.000153, reflecting a slight 0.94% dip in the last 24 hours. However, over the past week, FLOKI has surged by 20.26%, showing strong growth momentum despite the recent minor setback.
MultiversX (EGLD)
EGLD is the native token for MultiversX which is a high throughput blockchain that aims at building dApps and digital economies. Due to its speed and adaptability, EGLD is perfect for Metaverse projects that require users to transact without complications, such as slow transaction confirmations. EGLD is one of the key elements for instantiation and deployment of Metaverse apps on the platform.
Over the past 24 hours, MultiversX (EGLD) has experienced a 6.75% drop, bringing its price to $29.88 as of press time. This decline reflects short-term market volatility affecting the token.
Despite the recent downturn, EGLD has seen a solid 9.16% gain over the last 7 days, indicating strong performance in the broader weekly trend. The token’s ability to bounce back highlights its resilience and potential for continued growth.
Axie Infinity Shards (AXS)
Axie Infinity Shards is an in-game token for a play and earn game called Axie Infinity, one of the leading ICO games on Metaverse. AXS allows gamers to be involved in a decision-making process, mainly the economic decisions of a game, to use tokens to gamble on decisions and in severe decisions, vote. Due to the popularity of Axie Infinity, AXS remains a list of tokens for Metaverse games that give entertainment and value to users.
As of writing, AXS is priced at $4.94, reflecting a -4.83% drop in the past 24 hours. However, over the last 7 days, AXS has managed a 3.54% gain, showing some positive momentum despite the recent dip.
The Sandbox Secures $20 Million in Funding for Metaverse ExpansionThe Sandbox (SAND)
The Sandbox (SAND) is the world actually created on the blockchain that makes them launch, own, and trade gaming experiences. This is a utility and governance token associated with The Sandbox and used for transactions within The Sandbox economy. The Sandbox and its token, SAND, are crucial in not only creating and expanding various spaces in the Metaverse to socialize, work, play, and create.
As of press time, SAND is trading at $0.276, showing a 5.02% drop in the last 24 hours. Despite this recent pullback, SAND has climbed 4.47% over the past week, indicating a steady upward trend amid short-term volatility.
