Friday, December 9, 2022
 

Top 5 Metaverse Coins That Will Gain Further Momentum in 2023

  • It is anticipated that MANA, SAND, AXS, SLP, ENJ, and APE coins will gain momentum in 2023.
  • Axie Infinity changed the world of games by introducing the play-to-earn model.
  • Study suggests that APE is advancing particularly well in the field of the metaverse.

The world of crypto has found its new tangents with the emergence of the metaverse. By providing a 3D environment, the metaverse strives to function as the virtual setting for following interpersonal interactions.

Metaverse platforms are what we see the internet to be — a place where virtual reality and the real world collide. You will be able to compare the physical world to the digital one as a result.

Listed below are some of the best metaverse coins that are anticipated to soar in the coming months:

1. Decentraland (MANA)

Decentraland (MANA) is considered to be a pioneer in the world of the metaverse for changing the landscape of virtual reality. Decentraland has its native token called MANA which is an Ethereum token that powers the Decentraland virtual reality platform. Users can create buildings, play games, and engage in metaverse games, using DAO to govern the platform.

MANA currently ranks in the 47th position on CoinMarketcap, with 1.86B MANA in circulation valuing the total supply at $0.4887 at press time.

2. Sandbox (SAND)

Sandbox (SAND) is a blockchain gaming platform that allows players to create and own their own gaming experiences. SAND is Sandbox’s utility token used throughout the ecosystem as the basis for transactions and interactions. 

Users on Sandbox can control their content within the game using three functions, namely VoxEdit, Marketplace, and Game Maker. In VoxEdit, players may create and animate 3D creations using this 3D voxel modeling and Non Fungible Token (NFT) creation toolbox. Once an object is built in the Marketplace, it can be exported to the market and converted into an NFT. All of the NFTs created by users using VoxEdit can be uploaded, published, and sold here. Lastly, with the help of Game Maker, the 3D game experiences that players produce and build are their own. With this no-coding tool, players can build complex scripts that make up a cohesive game.

The SAND coin ranks number 46 on CoinMarketCap. The coin is priced at $0.6206, with 1.50B SAND in circulation.

3. Axie Infinity (AXS)

Axie Infinity (AXS) changed the world of gaming for the masses. This platform was one of the first to introduce the play-to-earn games model, turning gaming into a profitable business venture. The main trading hub for Axie NFTs is the Axie Infinity Marketplace, where players can buy and sell Axie. For the Axies, land parcels act as homes that can be upgraded with items bought at auction. The platform uses two tokens which are used in-game to breed creatures – Axie Infinity Shards (AXS) and Smooth Love Potions (SLP).

The price of AXS now stands at $6.91, sitting at the 59th on the trading platform. The data provided indicates that 95,843,931.87 AXS are in circulation at the time of writing.

4. Enjin Coin (ENJ)

Digital assets, such as NFTs, issued via the Enjin platform are backed by Enjin Coin (ENJ), which enables the purchase, sale, and trading of goods with real-world value. With the help of Enjin, customers can manage and store virtual goods for video games. Interestingly, Enjin has created a mod plug-in for Minecraft called the Enjincraft, which once installed, allows players to use the ecosystem. These may include in-game money or tokens that are one-of-a-kind.

At press time, the price of ENJ stands at $0.3491. The coin has a total supply of 1 billion ENJ.

5. ApeCoin (APE)

The native token of the Bored Ape Yacht Club Apecoin (APE) is advancing particularly well in the field of the metaverse. In the virtual worlds of the metaverse, users can trade, shop, and pay with digital assets. Speculation that the Bored Ape Yacht Club might enter the metaverse domain caused the coin to soar by approximately 38%.

The BAYC’s coin, APE, has nestled in the number 41 position on CoinMarketCap. Currently, there are 306,875,000.00 APE coins in circulation at the current price of $3.34.

Investing in metaverse coins is a smart move as it will boost your portfolio performance, by diversifying your assets, and provide you with safe, long-term profits. By using blockchain technology, one can lower risks and improve the chances of success in the metaverse.

  • It is anticipated that MANA, SAND, AXS, SLP, ENJ, and APE coins will gain momentum in 2023.
  • Axie Infinity changed the world of games by introducing the play-to-earn model.
  • Study suggests that APE is advancing particularly well in the field of the metaverse.

The world of crypto has found its new tangents with the emergence of the metaverse. By providing a 3D environment, the metaverse strives to function as the virtual setting for following interpersonal interactions.

Metaverse platforms are what we see the internet to be — a place where virtual reality and the real world collide. You will be able to compare the physical world to the digital one as a result.

Listed below are some of the best metaverse coins that are anticipated to soar in the coming months:

1. Decentraland (MANA)

Decentraland (MANA) is considered to be a pioneer in the world of the metaverse for changing the landscape of virtual reality. Decentraland has its native token called MANA which is an Ethereum token that powers the Decentraland virtual reality platform. Users can create buildings, play games, and engage in metaverse games, using DAO to govern the platform.

MANA currently ranks in the 47th position on CoinMarketcap, with 1.86B MANA in circulation valuing the total supply at $0.4887 at press time.

2. Sandbox (SAND)

Sandbox (SAND) is a blockchain gaming platform that allows players to create and own their own gaming experiences. SAND is Sandbox’s utility token used throughout the ecosystem as the basis for transactions and interactions. 

Users on Sandbox can control their content within the game using three functions, namely VoxEdit, Marketplace, and Game Maker. In VoxEdit, players may create and animate 3D creations using this 3D voxel modeling and Non Fungible Token (NFT) creation toolbox. Once an object is built in the Marketplace, it can be exported to the market and converted into an NFT. All of the NFTs created by users using VoxEdit can be uploaded, published, and sold here. Lastly, with the help of Game Maker, the 3D game experiences that players produce and build are their own. With this no-coding tool, players can build complex scripts that make up a cohesive game.

The SAND coin ranks number 46 on CoinMarketCap. The coin is priced at $0.6206, with 1.50B SAND in circulation.

3. Axie Infinity (AXS)

Axie Infinity (AXS) changed the world of gaming for the masses. This platform was one of the first to introduce the play-to-earn games model, turning gaming into a profitable business venture. The main trading hub for Axie NFTs is the Axie Infinity Marketplace, where players can buy and sell Axie. For the Axies, land parcels act as homes that can be upgraded with items bought at auction. The platform uses two tokens which are used in-game to breed creatures – Axie Infinity Shards (AXS) and Smooth Love Potions (SLP).

The price of AXS now stands at $6.91, sitting at the 59th on the trading platform. The data provided indicates that 95,843,931.87 AXS are in circulation at the time of writing.

4. Enjin Coin (ENJ)

Digital assets, such as NFTs, issued via the Enjin platform are backed by Enjin Coin (ENJ), which enables the purchase, sale, and trading of goods with real-world value. With the help of Enjin, customers can manage and store virtual goods for video games. Interestingly, Enjin has created a mod plug-in for Minecraft called the Enjincraft, which once installed, allows players to use the ecosystem. These may include in-game money or tokens that are one-of-a-kind.

At press time, the price of ENJ stands at $0.3491. The coin has a total supply of 1 billion ENJ.

5. ApeCoin (APE)

The native token of the Bored Ape Yacht Club Apecoin (APE) is advancing particularly well in the field of the metaverse. In the virtual worlds of the metaverse, users can trade, shop, and pay with digital assets. Speculation that the Bored Ape Yacht Club might enter the metaverse domain caused the coin to soar by approximately 38%.

The BAYC’s coin, APE, has nestled in the number 41 position on CoinMarketCap. Currently, there are 306,875,000.00 APE coins in circulation at the current price of $3.34.

Investing in metaverse coins is a smart move as it will boost your portfolio performance, by diversifying your assets, and provide you with safe, long-term profits. By using blockchain technology, one can lower risks and improve the chances of success in the metaverse.

 

Latest news