Best Metaverse Coins to Buy for 2022
It’s common to hear the term “metaverse” in the news, on social media, and even in everyday speech. Despite not yet being extensively adopted, the technology is quickly picking up the interest of cryptocurrency and business investors. The market for metaverse coins is so untapped as of 2022. One of the largest online companies in the world, Meta, is betting on the metaverse and even went so far as to rebrand from Facebook, which is beneficial. In 2021, the company reportedly committed $10 billion to its “future of technology” metaverse effort. Cryptocurrencies and blockchain technology will be crucial on the way there.
It’s important to keep in mind that the bitcoin market is always shifting, so what is doing well now might not be worth as much tomorrow. Never risk more than you can afford to lose. What links the cryptocurrency to the metaverse then? What is the metaverse, exactly? What other metaverse tokens ought you to buy? Here is a look at the key details of the metaverse and the best coins to purchase.
Top 10 Metaverse Cryptocurrencies
This year, investors in metaverse coins will see enormous returns on their investments. The developing Metaverse ecosystem is thought to contain a significant amount of blockchain and NFT technology. There are many metaverse tokens available for purchase. Anyone can purchase many different metaverse cryptocurrencies. The top 10 Metaverse cryptocurrencies of 2022 are listed below.
1. Dvision Network
Dvision Network, which also enables the NFT market in virtual reality, is essentially a blockchain-based ecosystem for VR content. In a brand-new virtual reality setting created by Dvision Network, people can live prosperous lives right at the epicenter of the fourth industrial revolution, which is built on ICT. One of the top metaverse coins under $1 to watch in 2022 is this one.
2. Axie Infinity
This is yet another useful metaverse cryptocurrency that enables users to engage in play-to-earn activities on the Axie Infinity network. Virtual animal collection and breeding are always popular among players. They may be minted and offered for sale as an exclusive NFT in the open market. Built on the Ethereum network, Axie Infinity’s native cryptocurrency, called ACS, debuted in early 2020 at a price of $0.15 per token. In November, it reached its all-time high of $165, increasing in value by more than 110,000% in just one year. Because of this, Axie Infinity is a promising metaverse coin to buy in 2022.
3. Sandbox (SAND)
Because it adapted blockchain technology to a sizable worldwide market like the game industry and is wholly dedicated to decentralization, The Sandbox is still a wise investment as of March 2022. The Sandbox is an online environment where users can create, control, and sell their game experiences using the SAND token and the Ethereum blockchain. Non-Fungible Tokens (NFTs) are a type of digital asset that players can generate, submit to the market, and include into games using Game Maker.
4. Decentraland
Decentraland describes itself as an Ethereum-powered virtual reality platform that enables users to build, enjoy, and make money from applications and contempt. Users buy blocks of land in this virtual environment that they can subsequently explore, develop, and profit from. It now ranks among the top 2022 Metaverse cryptocurrencies in terms of volume of trading.
5. lluvium
Although this coin was established in 2020, its native token, ILV, didn’t go live until 2021 and was priced at $68 on open markets. Illuvium was created as an RPG (role-playing game)-inspired open-world gaming platform. It is the responsibility of the players to hunt illuvial animals. ILV grew in value by almost 4,000 percent and reached a high of nearly $2800 seven months after its introduction. Even if illuvium’s price has been stabilizing around $600, it’s still a suitable place for prospective investors to start trading this metaverse coin.
6. Enjin Coin
This metaverse cryptocurrency was introduced in 2017, and as of 2022, it is unquestionably one of the top metaverse coins to invest in. Through a smartphone app, Enjin provides a simple method for purchasing and selling NFTs. Additionally, it provides customers with access to a safe global database where they may store and manage digital game products. In 2021, Enjin started its metaverse adventure after announcing that it will raise $100 million to support it. The Enjin cryptocurrency reached an all-time high of roughly $4.85 in 2017, having increased in value by about 28,000 percent since its inception on open markets in 2017 at a price of $0.017 per token. Because of this, it ranks among the best metaverse coins for investment.
7. Ethereum (ETH)
The Ethereum blockchain was the foundation for almost all metaverse projects. This strongly suggests that Ethereum is a smart alternative to think about if you want to invest in the metaverse coins. The capacity to operate metaverse platforms in a decentralized and safe manner is provided by Ethereum, unquestionably the world leader in smart contract blockchain technology. Given that Ethereum will be upgraded to Ethereum 2.0, which uses a proof-of-stake consensus method, many more metaverse applications will be launched. Transaction speed and scalability are certain to rise significantly with ETH 2.0.
8. Radio Caca
The native token of the Universal Metaverse is Radio Caca. Additionally, Radio Caca serves as the sole manager of the NFT “Maye Musk Mystery Box.” In the 3D Planet virtual world known as the Universal Metaverse (USM), users can own land, construct structures like shops and art galleries, and make and play games.
9. Highstreet (HIGH)
Highstreet is an intriguing metaverse project that supports virtual reality and has potential, at least in terms of metaverse applications. One is that you can buy things in this virtual world using the virtual currency HIGH. Some Shopify stores are already present on the platform. It appears to be up to date with technology and cryptocurrency trends since it mentions gaming and has NFTs on its radar. Additionally, Coinbase now offers access to HIGH. From a real-world, or in this case, meta world, perspective, this initiative already delivers on the promises made by the metaverse technology. If you’re an investor who uses practicality as a metric, this might be a wise decision.
10. Floki Inu (FLOKI)
Although Floki Inu is a dog-meme-based cryptocurrency, it is still a contender for a useful metaverse coin, especially for those seeking out inexpensive coins. The currency bears Elon Musk’s Shiba Inu dog’s name, which is also the name of another cryptocurrency project. According to the project’s website, it tries to merge memes with actual use cases. A game, an NFT marketplace, a content and education portal, and more are also mentioned. As of July 19, Floki Inu has a $90.53 million market cap and is trading at $0.000009495.
