Metaverse has become a well-discussed topic today, yet there’s a lot of confusion surrounding it. However, one thing is sure that companies are not going to take it for granted after Facebook rebranded itself as ‘Meta’. After many big companies invested in the metaverse, it quickly garnered attention across the world.
In Metaverse, Blockchain and Cryptocurrency play a key role. Cryptocurrency is digital money with verified transactions and records maintained by a decentralized system and Blockchain is the technology that enables the existence of Cryptocurrency.
What are Metaverse Coins?
The Cryptocurrency used in the metaverse is called Metaverse Coins or Metaverse Tokens. Every metaverse project uses the Cryptocurrency of its choice for transactions. As the metaverse is now in the growing stage, it is a clever idea to invest now in metaverse coins before the price goes unaffordable. So, here’s the list of the best metaverse coins to buy in 2022. Before getting in, one should remember that they should never invest more than they afford to lose as the crypto market changes quickly.
Best metaverse Coins to Buy in 2022
Here, we are going to introduce you to the top 3 leading and affordable metaverse coins. You can choose one or all, depending on how much you can invest.
The Sandbox (Sand)
Sandbox, the multiplayer metaverse game, which is based on Ethereum, like many crypto projects, performed great last year. The Sandbox currency, Sand, crossed the $1 mark in 2021 and rose suddenly to $8.40 last November. However, it has fallen to $0.89 and stuck there since then to now, Sept. 15th.
With the metaverse gaining popularity, popular game brands are backing Sandbox, making it withstand the current market.
Highlights
· Lionsgate partnered with The Sandbox recently on the ‘Hell-boy’ themed metaverse destination.
· Tony Hawk announced a skateboard park in The Sandbox.
· The market capitalization of The Sandbox is at $1.3 billion as of Sept. 15th.
Decentraland (MANA)
Decentraland is a virtual reality platform which uses the Ethereum blockchain. You can buy or sell land and other digital assets here. It uses MANA Cryptocurrency. Many companies are buying land here and using it for their offices.
Decentraland was launched in 2017 and worked hard to get the recognition it is enjoying right now. As of August, its market capitalization stands at $1.9 billion.
Highlights
· Token.com bought $2.4 billion worth of land in Decentraland in November 2021.
· Decentraland is funded by 9 investors including Digital Currency Group and Animoca Brands.
· Decentraland has invested in Decentral Games in May 2022 which is valued at $1M.
· Sotheby’s bought land in Decentraland and used it for replicas of its London offices.
ApeCoin (APE)
ApeCoin is an Ethereum-based token governed by ApeCoin DAO, a decentralized autonomous organization (DAO), which is launched to use within the APE Ecosystem.
The ApeCoin is inspired by the Bored Ape Yacht Club (BAYC), the web3 company Yuga Labs. All ApeCoin holders have governance rights over the DAO and its decision-making, besides some other benefits.
ApeCoin was launched in March 2022 and the price of it in August 2022 is $5.38. This coin has also seen the highest number of $26.19 in April 2022. Though, we are seeing some serious fluctuations, the chances of ApeCoin achieving success in the future is estimated because of the growing craze of the metaverse and so the investors shouldn’t delay any further!
Highlights
· ApeCoin started trading at $7.26 when launched and fluctuated drastically since then.
· ApeCoin has a maximum supply of 1 billion tokens of which 318 million are already in circulation.
Besides these 3 metaverse coins, there are some other metaverse coins including FLOKI, HIGH, TVK, HERO, ATLAS, EPIK PRIME and more that have high chances of success.
