The top 5 Metaverse coins to watch in 2022 are shown below, sorted by market capitalization from highest to lowest, and aggregated by nulltx.
For many investors, the metaverse is fertile ground. Choosing a metaverse cryptocurrency, on the other hand, is a difficult task. The top 5 Metaverse currencies to watch in 2022 are shown below, sorted by market capitalization from highest to lowest, and aggregated by nulltx.
1. Decentraland (MANA)- $5.2 billion
Decentraland, a blockchain-based virtual platform that provides a range of experiences and chances for users to acquire land and make money from it, is one of my personal favorites and a pioneer in 3D metaverse initiatives.
Decentraland is the longest-running 3D metaverse project in crypto, having been open to the public since February 2020.
While Decentraland is already one of the most valuable projects out there, MANA’s worth may easily double or treble over the next year as other platforms build on the platform.
With a 24-hour trading volume of $796 million, MANA is currently trading at $2.86 at the point of writing. With 1.82 billion tokens in circulation, it has a market valuation of $5.2 billion.
2. Axie Infinity (AXS)- $4.6 billion
Axie Infinity, one of the most popular blockchain-based games, was released in March 2018. It’s so popular, in fact, that the game’s creators built Ronin, a blockchain dedicated solely to the game.
Axies are monsters that may be upgraded or traded and have specific traits. Players can win rewards by battling other players in an arena with their Axies.
With a 24-hour volume of $619 million, AXS is currently trading at $77.34 at the point of writing. With 60 million tokens in circulation, it has a market capitalization of $4.6 billion.
Most major exchanges, including Binance, Coinbase, FTX, KuCoin, Bitfinex, Gemini, Kraken, and others, offer AXS for purchase.
3. Sandbox (SAND)- $4.3 billion
Sandbox is the most popular cryptocurrency metaverse coin on the market right now. It has the highest-quality Unity-based 3D metaverse. While it may have a low volume-to-market-cap ratio, keep in mind that SAND is valued in the billions of dollars.
The Sandbox is superior to other Metaverse projects in terms of quality because it has a downloadable client.
The sandbox allows users to buy and sell land while also providing a gaming experience that includes quests, games, and challenges for users to complete in order to gain prizes.
The SAND token, the platform’s native money, is also kept in the sandbox. With a 24-hour trading volume of $1.4 billion, SAND is currently trading at $4.80 at the point of writing.
SAND can be purchased on Binance, KuCoin, Huobi Global, Bithumb, Gate.io, FTX, Uniswap, Gemini, Kraken, and other exchanges with a market cap of $4.4 billion.
4. Theta Network (THETA)- $4.2 billion
THETA is “the next generation of blockchain video and entertainment powered by users,” according to its website. It comes with the NFT marketplace and is available for free on Github.
THETA’s Enterprise Validator Nodes have a long list of noteworthy partners, including Google, Sony, Samsung, Binance, Blockchain, and others.
According to THETA’s official website,
“Theta Blockchain is the only end-to-end decentralized video transmission and distribution infrastructure that provides both technical and economic answers.”
THETA has a 24-hour volume of $411 million and is trading at $4.25 at the point of writing. With 1 billion tokens in circulation, the market capitalization is 4.2 billion USD.
THETA can be purchased on Binance, Huobi Global, KuCoin, Gate.io, Crypto.com, and Bithumb, among other exchanges.
5. Enjin Coin (ENJ)- $2 billion
Enjin, which was founded in 2009, has established itself as a market leader in the NFT industry. The Enjin platform is powered by the ENJ ERC20 token. The Enjin platform’s objectives are as follows:
“Make using a non-fungible token (NFT) easier for individuals, businesses, and brands.”
Enjin’s most recent project is Efinity, a Polkadot-based next-generation blockchain for digital assets. Efinity aspires to be the central hub for all fungible and non-fungible tokens, addressing the difficulty of NFT pricing and exchanges.
ENJ is now trading at $2.36 at the time of writing. It has a market cap of $2 billion and a 24-hour trading volume of $408 million, making it the Metaverse’s sixth most traded coin.