Coins Expected to Rise Metaverse 2022!
Since the end of last year, countless projects have emerged about the metaverse, dozens of giant companies have announced their plans for the metaverse. Cryptocurrencies are more advantageous in this regard because metaverse-oriented studies have been continuing in this sector for a long time. As a matter of fact, the giant companies of web2 have also started to establish business relations with some crypto-based platforms.
As of the date of writing, there are 222 different cryptocurrencies focused on the metaverse. Many of these are those trying to take advantage of the current hype, as the metaverse is too much on the agenda. It should not be forgotten that projects with a market value of less than $ 20 million always have a much greater risk.
Decentraland ( MANA ) and SAND have long been at the top of the list of metaverse coins . However, with the introduction of ApeCoin, the token of BAYC NFTs, the king metaverse coin changed. The largest metaverse altcoin by market cap was ApeCoin (APE) with $4.12 billion.
Coins Expected to Rise by 2022
Investors can earn 10-20 times more than metaverse coins with a market cap under $20 million . Likewise, they have to risk losing more than 90% of all their money. If you want to take less risk, it will be more advantageous to focus on projects that have proven themselves and have established a community.
ApeCoin ( APE ), which is backed by Yuga Labs, is backed by record-selling NFT collections such as BAYC. Other collectibles acquired by BAYC and Yuga Labs are targeted at cryptocurrency whales, celebrities and corporations. There is a lot of news feed feeding ApeCoin, from the movie series that will be produced by Coinbase for BAYC to the metaverse land sales that are expected to be announced soon. In 2022, ApeCoin may revisit the ATH zone of $40.
Until ApeCoin came into our lives, the largest metaverse-oriented crypto money project was Decentraland (MANA). MANA, the second largest metaverse coin by market value, is priced at $2 at the time of writing. In the scenario where Bitcoin recovers ($46,000+), its price could quickly rise to $3.
Other Metaverse Coins
The rest of the list is long, but the most popular ones were; The Sandbox (SAND), Theta Network ( THETA ), Axie Infinity ( AXS ), Stacks (STX), Enjin Coin (ENJ), WAX (WAXP), Render Token (RNDR), CEEK VR (CEEK), and Illuvium (ILV) All these are projects in high demand with a market value of over $330 million.
The total market cap of metaverse-focused cryptocurrencies is over $28.9 billion. In the last 24 hours, these coins have reached a transaction volume of $ 4.5 billion.