Investing in cryptocurrencies is considered risky because of the volatile price swings they experience. But like any risky investment, many investors are still attracted to the potential upside of investing in crypto since the space is evolving rapidly.
The potential for earning huge returns on your monetary investment is exciting, and metaverse cryptocurrency is relatively new. Let’s break down what cryptocurrencies do in their specific space and introduce you to our list of the top 15 best metaverse cryptocurrencies to invest in.
What is metaverse cryptocurrency?
Metaverse cryptocurrency is the digital currency or native tokens, used to purchase avatars, NFTs, participate in virtual events, and buy other assets in the various metaverse worlds. Additionally, different metaverse worlds may use different cryptocurrencies.
Cryptocurrency is purchased with fiat money, and many of these cryptocurrencies are used to purchase items in specific virtual reality games and worlds. In the metaverse, people use crypto tokens to join virtual reality communities, buy items in these communities, play games and create their own digital personas, or avatars, that represent themselves in these online spaces.
These tokens are essential in order to participate in the metaverse. However, cryptocurrencies are also being purchased as investments by non-users of these specific virtual worlds, simply to hold on to for several years as the cost of these tokens rises along with the popularity of the metaverse worlds.
Here are the top 15 metaverse cryptocurrencies you may want to consider investing in.
1. Ethereum (ETH)
Ethereum (ETH) is the cryptocurrency that powers the Ethereum blockchain. The Ethereum blockchain is a platform in which many virtual spaces exist, and Ethereum has the most significant number of NFT users and games compared to all the other blockchains available.
The sheer size and importance of the Ethereum blockchain make its token very valuable since many users require it of this platform.
ETH can be used in many ways:
- It is used to run and join personal apps
- To process transactions on the Ethereum blockchain
- It is used by the network of coders who create programs and games for users
- It is even used to buy things in the real world
The Ethereum network allows coders to write programs that create financial documentation that keeps tabs on NFTs. Coders must pay to use these programs, called “smart contracts” and are vital for automating the thousands of financial products used on the blockchain.
Most of the tokens and games in this “best metaverse cryptocurrencies to invest in” list call the Ethereum blockchain home. There is stability in the ETH coin that makes it an excellent investment.
ETH will likely be around for a very long time, if not forever. Currently trading around $2800 but is expected to almost double in 5 years.
2. Decentraland (MANA)
Decentraland is one of the oldest and most popular metaverse worlds built on the Ethereum blockchain. Decentraland is a digital equivalent to a world or a country. MANA is used as currency in the Decentraland space.
As a user, you can use MANA to:
- Buy and sell digital real estate
- Build on assets and properties to boost the value
- Create digital art to sell
- Gamble in digital casinos
- Earn MANA playing games in Decentraland
Decentraland is one of the more user-friendly metaverse worlds, in that it’s straightforward to use without any advanced knowledge of the platform. Therefore, its popularity and number of users will only rise as the metaverse takes off.
Samsung teamed up with Decentraland in 2021 for their upcoming metaverse project code-named “Samsung 837X”. Expect other major tech companies to venture into the metaverse field similarly.
The MANA crypto is a very promising investment – currently selling below $2.90 but is expected to reach the $20 mark in 5 years.
3. The Sandbox (SAND)
The Sandbox is a gaming metaverse that exists on the Ethereum blockchain. This game gives non-tech savvy users the ability to create, use, and sell their own virtual reality NFTs. The SAND token is the native form of currency in The Sandbox.
This game is at the forefront of making the crypto metaverse a more user-friendly space by keeping itself a simple platform for users without coding skills.
The Sandbox consists of:
- VoxEdit, which allows players to create NFT assets
- Its own Marketplace for selling and buying assets
- A program called Game Maker enables players to build without any coding.
These three programs are very enticing for the average user and will only boost the popularity of The Sandbox in the future. SAND looks to be a virtual currency that provides good returns, and its value is expected to grow by roughly 1700% percent. Currently at $3.46 but is expected to reach $39 in the next five years.
4. Somnium Space (CUBE)
Somnium Space is a virtual reality world on the Ethereum blockchain. CUBE users can:
- Buy land and construct buildings
- Import NFTs
- Attend concerts and other virtual events
- Play realistic video games
- Trade virtual items
Somnium Space is unique because users can create scenes and full-body avatars on their land with incredible life-like detail. CUBE tokens are used to purchase land, buildings, homes, and other in-game items. CUBE tokens also pay for goods and services in the metaverse, as well as reward players with good “Karma.”
Somnium has secured a partnership with Sony to let users build 3D avatars of themselves. Also, Somnium Space has made many other beneficial partnerships that could bring more publicity and popularity to its platform. CUBE is a promising token to invest in at $5.95. It is projected to reach $72 in the next five years.
5. Enjin Coin (ENJ)
Enjin Coin (ENJ) is the coin used in the Enjin network. The Enjin network currently hosts three trendy games:
- Space Misfits
- The Six Dragons
- Nestables
These three games’ recent surge in popularity has seen the ENJ token rise in value, moving it into the top 75 cryptocurrency list by market capitalization. Look for ENJ to be in the top 50 very soon.
Enjin boasts a large user community, even with the metaverse still in its infancy. The success of Enjin is directly tied with the growing popularity of their games, popularity in NFTs, and the growing interest in the metaverse.
Enjin is poised to take off with the increased number of users expected to join the metaverse in the coming years. Currently, Enjin sits around $1.64 and is projected to reach $10 in 5 years.
6. Treasure (MAGIC)
Treasure is a game on the Ethereum blockchain, and MAGIC tokens are the natural resource of the Treasure metaverse. This particular metaverse is called Bridgeworld.
MAGIC tokens allow NFTs to transform fantasy units into productive, money-making assets. MAGIC tokens are designed to be increasingly scarce as the metaverse grows and expands over time. Players can earn MAGIC tokens by playing, mining, and participating in Bridgeworld. The scarcity of MAGIC tokens in the future makes them even more valuable.
Magic tokens are currently trading at $5.92 but are projected to reach $73 in the next five years.
7. Axie Infinity (AXS)
Axie Infinity is the most popular blockchain game globally, with over 5 million users. It is a fighting game where players can breed and train their Axies to fight against others.
Axies are like digital pets. In this game, players breed the most powerful Axies offspring that they can later sell. The AXS token, which stands for Axie Infinity Shard, is the cryptocurrency used in this game.
Players can sell their Axies on the NFT marketplace in exchange for tokens and other items. AXS tokens can also be used to purchase products within the game. The AXS token is likely to grow in value because of its expanding number of users and its total revenue brought in from its millions of users.
Currently selling at $54 per coin, it is seen as a fantastic investment, with the price going up to $574 per coin in 5 years.
8. Bloktopia (BLOK)
Bloktopia is a virtual skyscraper in the metaverse comprised of 21 levels, designed to pay homage to the 21 million total maximum supply of Bitcoin.
Owners of the BLOK tokens will be known as Bloktopians. This virtual skyscraper will be the central hub where users can buy and sell NFTs, purchase digital ad venues, own real estate, and more in the Bloktopia virtual reality metaverse.
Bloktopians can earn revenue by selling or leasing virtual property in the skyscraper to buyers and earn advertising revenue. Bloktopia uses the world’s most advanced 3D creation engine to create stunning visuals and boost the user’s experience.
Many analysts believe BLOK crypto will bring good profits to investors who get in early. And early is now, the current price is $0.019, and the current outlook has it going up to at least $0.40 in 5 years.
9. Epik Prime (EPIK)
Epik has partnered with over 250 gaming companies and more than 1,000 global brands to create unique and exclusive digital content and NFT collectibles.
They are brilliant at creative buzz for their NFTs.
Epik uses its business-to-business (B2B) and business-to-consumer (B2C) partnerships to boost the brands and games they partner with.
Users of the Epik platform have access to the entire collection of NFTs and unique gamer items they create. Epik Prime is a loyalty program that gives token owners exclusive rewards and the ability to pre-order digital collectibles. The EPIK token is the way to gain access to Epik Prime, which provides users with exclusive advantages to new NFTs.
Having EPIK tokens is the key to getting the most from this platform. This token is strongly tied to Epik Prime, having exclusive rights to its partnerships. A token costs roughly 12 cents, but its price is expected to rise to over a dollar in the next five years.
10. Meta Hero (HERO)
Metahero is a recently launched project that combines 3D scanning technology with games and spaces involving NFTs, which basically means the entire metaverse.
Metahero wants to create more life-like avatars using 3D scanning to scan people and things into the metaverse. They will use 3D Metascanners to allow people to scan anything they want into the metaverse, including themselves. These scanners will create the most realistic NFTs of people and things in the entire metaverse.
HERO tokens are the only way to purchase a metascan. These tokens will be used for buying scans and how you are paid if you were to loan out a metascan to another user. Metahero plans to have 12 3D Metascanners all around the world.
The HERO token could be a very profitable crypto investment if this technology takes off. This project could be a gamechanger in the metaverse. Currently costing $0.029 to invest in this coin but is expected to reach over $1 in 5 years.
11. RedFox (RFOX)
The RedFox metaverse is an exciting project that was built to give users from all economic backgrounds the ability to participate in virtual reality spaces.
Since its creation in 2018, it has built a metaverse that allows companies, products, and services to create an immersive shopping, retail, and entertainment space for users. They are constantly adding new areas for land sale and business growth and plan to expand into e-sports on their platform.
Their RFOX VALT program allows users to display NFTs for sale in the metaverse. RFOX is the token that powers this metaverse, and the token has done well in the market and is one of the top-performing metaverse tokens.
Currently costing 5 cents, but is expected to reach $1.40 in 5 years. Users can use VR retail and entertainment spaces.
12. Star Atlas (ATLS)
Star Atlas is probably one of the most awaited games on the Solana blockchain. It is a play-to-earn project that requires an initial investment to settle things down. Once you have all the requirements, you’re ready to earn crypto after buying and then selling assets on the platform.
In this game’s universe, you can:
- Explore stars
- Complete fun quests
- Build assets
- Interact with other users
- Trade valueable resources
Star Atlas is a very immersive game with many financial upsides since it’s so new to the scene. Currently selling at .00474 cents per token but expected to reach .025 cents per token in 5 years.
13. WEMIX (WEMIX)
This game was created never to end! WEMIX addresses the need for gamers to have a game that doesn’t require sequels or new releases, that they could, in theory, play forever.
WEMIX-based games are developed within an interconnected ecosystem of developers, users, and platform providers who interact for long-term growth and work to create new material constantly. Users find meaning and interconnection in this online ecosystem that spills over into the real world.
The WEMIX model is at the forefront of game technology and is a very intriguing investment opportunity. WEMIX is predicted to be a profitable crypto token. Currently $5.57 per token but expected to rise to $57 per token in 5 years.
14. Ceek VR (CEEK)
The CEEK metaverse connects artists, athletes, and other digital content creators with fans in a virtual universe on the Ethereum blockchain.
In this metaverse called CEEK City, all payments are through CEEK tokens. Together, people can hang out with their favorite athletes, actors, pop singers or visit a movie set. Users can buy tickets to attend music festivals, see 3D movies or watch sports.
This platform plans to build VR/AR studios all over the country so CEEK partners and entertainers can create exclusive content for CEEK users.
This platform will deliver high def virtual reality content for users. For example, many users could purchase the same front-row seat at a VR concert, and all have a high-quality life-like concert experience.
The possibilities for this metaverse are inspiring. Currently $0.35 cents per token but expected to rise to $2.91 per token in 5 years.
15. Dvision Network (DVI)
Dvision Network is a blockchain-based VR content ecosystem that allows users to live in a new virtual reality world, where humanity can lead an affluent life.
DVI tokens are how users join and prosper in this new virtual reality world.
Users can buy property in these cities, build on them, sell advertising on storefronts, host fashion shows, art exhibitions, or have virtual shops inside of their buildings.
There is an NFT Market where users create or trade unique digital items, a Meta Space where users acquire and customize their own virtual space, and a Meta City where all of this takes place. Each user purchases DVI tokens to join this game, create their avatar, buy land, build and play games.
This game could really take off. DVI coins currently cost .63 cents but are expected to reach $5 in the next five years. A 5-year investment is expected to go up by 770%.
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