Best Metaverse coins to buy in 2022

Metaverse (disambiguation) is already all over the news and social media. As you know, the Metaverse is the sum of all virtual spaces.

Metaverse may also refer to:

• Multiverse, the totality of all universes;
• Fictional universe with many alternative timelines;
• Primeval Earth in the DC Universe;
• The Metaverse, a supernatural dimension derived from the collective unconscious in Persona 5;
• “Da Metaverse”, Daisuke ‘s music project Asakura;
• Zompist.com, aka “Metaverse”, website in constructed languages;
• Facebook Metaverse, a virtual reality project in the Meta virtual space Platforms (Meta Inc., formerly Facebook Inc.).

While this technology is still far from mainstream, it is quickly gaining the attention of tech and crypto investors. As a result, Metaverse tokens represent a good opportunity for 2022.

Another positive factor in this market is that one of the world’s largest technology companies, Meta, is betting on the Metaverse and even changed its name from Facebook ( banned in Russia). The company reportedly spent $10 billion last year on its Metaverse project, calling it the future of technology. So naturally, cryptocurrencies and blockchain will play a vital role in this direction.

This article will look at how the Metaverse relates to cryptocurrencies, what the Metaverse is, which Metaverse tokens to buy, and everything you need to know about the Metaverse and the best tokens for investment.

Best Metaverse Coins to Buy

The good news is that since the Metaverse projects are relatively new, their coin prices are pretty low – well below $1 in many cases and less than 1 cent in some. So it opens up investment opportunities for almost everyone. But, at the same time, this does not mean that all projects will be profitable.

It is ideal to buy those coins of the Metaverse that have shown potential due to performance, utility, financial solid support, or all three factors.

Here are some promising Metaverse coins in 2022.

ApeCoin (APE)

APE is an ERC-20 token, which means it exists on the blockchain Ethereum. It allows holders to participate in the governance of the Ape ecosystem as a governance and utility token. In addition, it gives them access to games and other products and services only available to ApeCoin holders.

In the distant future, ApeCoin holders can use their coins in Otherside, Yuga’s Metaverse Labs, which created the extremely popular Bored Non-Fungible Token (NFT) Apes Yacht Club. According to Fortune, Yuba Labs recently raised about $320 million in a virtual land sale that allowed APE token holders to purchase lots in Otherside. Owners purchased 55,000 lots, and 45,000 went to others, such as NFT Yuba owner’s Labs and project developers. Unfortunately, the sale created so much traffic on the Ethereum network that it significantly increased the “gas fee” – the fee each user pays to make a transaction through Ethereum.

Apecoin was launched on March 17, when it expected that about 30% of the maximum supply of 1 billion coins would be in circulation. Despite being a brand new token, it already has a market cap of $2.435 billion, making it the Metaverse’s largest coin by that metric.

Sandbox (SAND)

Metaverse Project The Sandbox showed impressive results. The platform’s native token, SAND, has steadily risen throughout 2021 and finally broke the $1 mark in last year’s last quarter, continuing its upward trajectory. As of May 26, SAND is selling for $1.32.

With the aspect of virtual reality, this project realizes the vision of the Metaverse. The Sandbox is a game and is backed by gaming brands like Atari. HSBC recently acquired virtual real estate in this Metaverse. Players can create NFTs using tokens SAND Metaverse.

Like many other cryptocurrency projects, The Sandbox is based on Ethereum.

Another promising factor for investors is that the project has a limited coin supply of 3 billion tokens, of which 1.23 billion are in circulation. Its market capitalization is $3.96 billion as of May 26.

Decentaland (MANA)

In terms of popularity, Decentraland is one of the crypto-Metaverse projects that are often in the news. It was partly due to the NFT craze, significantly increasing the platform’s native token MANA.

Many NFT holders have started to showcase their NFTs on the platform. But NFT is not the only thing on this Metaverse platform. As a primary function, you can buy virtual land and create virtual games and other digital assets – hence the project’s name.

Sotheby’s, a luxury goods and art broker, bought a piece of land in Decentaland and used it to replicate their London offices. It suggests that even large companies are eyeing the projects provided by the Metaverse.

Decentraland is one of the oldest projects (it was created in 2017) that has taken time to gain recognition. So while MANA’s performance is not particularly remarkable, it has a market capitalization of $2.15 billion as of May 26, making it the second largest Metaverse token by market capitalization.

Like many, if not most cryptocurrencies, MANA has declined significantly since the beginning of the year but is up over 8% year-over-year.

Highstreet (HIGH)

Highstreet is an interesting VR-enabled Metaverse project with potential in terms of Metaverse applications. Firstly, in the project, you can make purchases within this virtual universe using the HIGH currency. A row of Shopify stores is already integrated into the platform. It also includes games and plans to launch NFTs as it keeps up with trends in technology and crypto. Moreover, HIGH is now available on Coinbase.

From the side of the natural world – or, in this case, the meta world – this project is already fulfilling what the Metaverse technology promises. Therefore, investors who care about practicality can turn their attention to this project.

The project is backed by tech company HTC and raised $5 million in August 2021. Its market capitalization as of May 26, 2022, is over $24.9 million.

Floki-Inu (FLOKI)

Floki Inu – is another cryptocurrency based on dog memes. She is on the lookout for a viable Metaverse, especially for undervalued cryptocurrencies. The currency is named after Elon Musk’s other Shiba Inu dog (another Shiba Inu crypto project is named after the former).  

The project’s website aims to combine memes with real-life use cases. It also says it will launch an NFT game, marketplace, and content and education platform. It is a project still in development but hasn’t stopped people from buying FLOKI tokens.

Floki Inu has a market capitalization of $89.6 million and is selling for $0.0000008977 as of May 26.

Metahero (HERO)

Metahero is a new Metaverse project that involves creating HD avatars of natural objects and people using 3D scanning. The company even installed a scanning camera in Doha that scans objects and creates their digital 3D shape for the Metahero universe.

For this purpose, Metahero is partnering with Wolf Studio. HERO cryptocurrency is it’s token. Its market cap is $77.3 million as of May 26, 2022. At the same time, this is comparatively less than other tokens on this list because the project is very new.

Since the beginning of the year, Metahero has lost 87% of its capitalization, which is not out of proportion compared to other alternative cryptocurrencies. It’s listing on the Bybit exchange could give it a boost.

Terra Virtua Kolect (TVK)

 Terra Virtua Kolect is a project dating back to 2017 when NFT didn’t exist. However, it is now a virtual environment entirely dedicated to NFTs where you can create, sell and buy NFTs from other participants using the native TVK token.

Since this project is betting on NFTs, it has enormous potential given the growth in investment in NFTs. According to CoinMarketCap, the platform is compatible with the web, PC, and augmented reality/VR environments.

TVK’s market capitalization is currently over $28.9 million, having dropped 80% since the start of the year. However, new partnerships such as the recent partnership with the NFT game Kawaii Islands can grow their user base enough to make it viable in the long run.

Star Atlas (ATLAS)

Star Atlas is a Metaverse – a game with amazing graphics. In addition, the game shows the future – specifically, the year 2620 – where players can conquer lands and collect resources in a futuristic setting.

The game, which is still in development, also includes the ATLAS Metaverse Token, which can earn from playing. So it’s like a regular reward-based game where players earn coins by playing and completing challenges. But in this case, the game reward can bring profit.

The game is built on the Solana blockchain, allowing it to charge lower transaction fees than Ethereum projects. Its market cap is over $17.8 million, and the coin is trading at $0.008239.

Enjin (ENJ)

Metaverse-style gaming environment where users can “mint” a local ENJ token, which can then use to purchase assets to help progress in the game.

Everything in the game, from medicine to character upgrades, can be paid for with ENJ. So it’s a market.

Enjin is also based on blockchain Ethereum and has a market capitalization of over $626 million. Despite the volatility of the past few months, ENJ has gained about 4077% since its introduction in 2017. And it looks like it’s ready to grow. Most recently, Enjin launched the first ever NFT parachain on Polkadot, bringing over 100 games and apps to ENJ.  

Epik Prime (EPIK)

Epik Prime is a Meta-verse project entirely dedicated to NFTs.

PancakeSwap, Hotcoin Global, KuCoin and Huobi Global are available for EPIK cryptocurrency. Additionally, according to CoinMarketCap, Epik licenses collectables and NFT expertise from companies like Warner Music and Universal, suggesting they will likely bounce back from the past few months’ slumps.

EPIK was released a year ago with a market capitalization of $7.3 million. 

The little coins are on this list, although large companies also show interest in the project. The maximum supply of coins is 2 billion, with more than 349 million in circulation, or 17%. 

What are Metaverse Coins

Metaverse is a virtual universe technology where you can shop, play, buy and exchange currency, items, and more.

It may look like a combination of augmented reality, virtual reality, social media, games, and cryptocurrencies.

In the Metaverse, cryptocurrencies will play the role of money. It is based on the concept of blockchain. From here, naturally, the terms “Metaverse coins“, “Metaverse tokens“, and “Crypto Metaverse” arise. Every Metaverse project has tokens used for transactions in that particular environment.

Current Metaverse Projects

Numerous Metaverse projects are already running, and their tokens are available for purchase; some are even listed on several exchanges—these projects show good potential.  

According to Macro, a research firm based in the UK, in 2021, Metaverse coins have outperformed Bitcoin — with a vast 37,000% increase. Meanwhile, Bitcoin, the largest cryptocurrency by market value, is up 100%.

Each of the Metaverse projects – from virtual games to non-fungible tokens – offers a unique concept and even some applications for the real world.   

Conclusion

Metaverse projects always appear, but some show real potential and stand above the rest. Adopting the Metaverse concept in blockchain and cryptocurrencies is growing, so investing in some of these projects might be a good idea.

However, as with any other investment, don’t invest all of your money in just one Metaverse project, and don’t invest money that the investor is not prepared to lose. Instead, it is best to diversify your investments and, more importantly, buy upside potential coins.

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