The Best Metaverse Coins To Buy in 2022
Since 2021, there has been a lot of buzz about Metaverse cryptocurrency. This began with the buzz that came with Facebook’s decision to change its name to Meta. As one of the world’s major tech companies, Facebook had an obvious appeal in a sector that has witnessed a lot of technological advancements since 2019.
In reality, Metaverse coins were among the greatest performers by the end of 2021. Within a year, some of them saw profits of up to 10,000%. With so many optimistic predictions, Metaverse coins appear to have a good chance of outperforming the market this year.
As the cryptocurrency market is finally beginning to recover from its recent downturn, it’s time to start looking for the best Metaverse cryptos to invest in for 2022.
While Mark Zuckerberg was quick to jump on the Metaverse train, it isn’t too late for you to follow in his footsteps. So, how do you go about doing that? Is it necessary for you to focus your business on the Metaverse as well? Well, you could do that, without a doubt, but you could also invest wisely in metaverse currencies. To avoid any disappointments or missing out, we’ve compiled a list of the best metaverse coins to invest in, in no particular order.
Top 5 Metaverse tokens to look into
Axie Infinity is a fictional character created by Axie (AXS). In 2021, Axie Infinity, like the other two cryptocurrencies mentioned above, was a top Metaverse cryptocurrency performer. Looking ahead to 2022, there are several reasons to assume that AXS will continue to outperform the overall cryptocurrency market. FOMO over Metaverse coins is one of the primary factors anticipated to push Axie Infinity’s stock price in 2022.
Because it is one of the most well-known Metaverse cryptocurrencies, it is likely to see an increase in investment as interest in Metaverse cryptocurrencies grows.
Most importantly, Axie Infinity has a well-funded developer staff and Axie Infinity’s parent firm raised more than $150 million from venture capitalists in 2021.
In 2021, Sandbox increased by thousands of percentage points. While it began the year in the red, it now appears to have found support and is gathering upward momentum.
Sandbox’s success thus far has been largely due to its approach to a huge and rapidly expanding game industry. This has enticed gamers to look at play-to-earn gaming as a way to have fun while also earning a living.
Furthermore, the awards earned or created in the Sandbox game ecosystem can be transferred to any other platform with ease. As a result, it has become one of the most popular venues for gamers and developers wishing to profit from gaming NFTs.
Because the SAND coin is required to transact within the Sandbox ecosystem, adoption may increase in 2022.
Decentraland has become one of the most widely used Metaverse coins today. Decentraland made waves in late 2021 when a $2.4 million piece of virtual real estate was sold on the Metaverse.
Samsung, which recently built a virtual store in Decentraland, is the most current Decentraland news. With such high-profile adoptions, Decentraland has a good chance of performing well in 2022.
Aside from its expanding popularity, Decentraland has an advantage in that it understands the Metaverse as a whole. The Metaverse is supposed to be a community-owned space where everyone in the world can do whatever they wish. Decentraland does exactly that since it is governed by a DAO. Anyone who possesses MANA tokens has a lot of control over how they are used.
Every component of the Bitcoin industry, including the Metaverse, is similar. While investing in large-cap cryptocurrencies pays off, the best profit margins are usually found in smaller-cap cryptocurrencies. RFOX comes into play in this situation. RFOX has a market capitalization of just over $120 million. This offers it plenty of room to expand as the Metaverse’s popularity grows.
RFOX makes sense as an investment for a variety of reasons, not the least of which is its low market capitalization. While the majority of Metaverse cryptocurrencies are focused on the gaming business, RFOX takes a more holistic approach to Metaverse to create a virtual reproduction of the real world, which includes Metaverse commerce.
RFOX now has a broader adoption scope and could play a significant role in the future.
Metahero is a new metaverse initiative that uses 3D scanning to create HD avatars of real-world objects and people. In Doha, the company has even set up a scanning room that scans objects and converts them into digital, 3D forms for use in the Metahero realm.
For this, they have teamed up with Wolf Studio. As of the beginning of 2022, the native cryptocurrency HERO has a market capitalization of about $494 million. Although this is a lower amount than some of the other tokens on our list, it is because the project is still in its early stages.
Victoria VR, which was launched in December 2021 and is powered by the Unreal Engine, is one of the most promising Metaverse crypto coins. Victoria VR bills itself as the “world’s first realistic Metaverse,” complete with a completely immersive virtual environment.
Victoria VR’s Metaverse will undoubtedly be one of the most immersive experiences on the market, as it will use Unreal Engine’s outstanding 3D rendering technologies. Victoria VR will have MMORPG elements, such as quest completion, the ability to buy and sell products and services, and more.
With the current bear market in full swing, investors wishing to stockpile Metaverse cryptocurrencies for 2022 and beyond can take advantage of the recent price drop. The Metaverse is way past a buzzword. Get in!