Latest Situation in Metaverse Coins: Which Metaverse Coin to Buy?
Metaverse coins became popular in 2021, especially after Facebook changed its name to Meta, and they are still on the radar of investors. So, what’s the latest on metaverse coins? What should be considered when investing in Metaverse coin?
Latest Situation in Metaverse Coins
Metaverse coins also started the week with the whole market with a decline, but except for one. With its upward moves, Apecoin appears as the only rising crypto currency among the top ten metaverse coins. While APE has recorded an increase of approximately 10% in the last 24 hours, it also maintains its position as the largest metaverse in terms of market capitalization.
Besides, we see that metaverse coins such as Decentraland (MANA), The Sandbox (SAND), Axie Infinity (AXS), Enjin Coin (ENJ) and Stacks (STX) are in red. It is noteworthy that the decreases are generally above 5%.
Although metaverse coins are popular and occasionally show independent rises from the market, they generally make moves with Bitcoin, so it may be necessary to see upward moves in the general market for metaverse coins to rise.
Which Metaverse Coin Should You Buy?
Actually, the answer to this question is “Which cryptocurrency to buy?” Almost the same as the answer to the question. Before investing in a metaverse coin, as I always say, you should stay away from the hype and do your own research. At this point, I think the investment strategy you have adopted is also important.
Before buying a metaverse coin, you should definitely examine its project, understand what it has achieved and what it aims to achieve, and examine its team. In addition, it is also an important factor to determine whether you will proceed with a short-term or long-term investment strategy. In addition, staying away from the hype in the market and investing with firm steps can minimize your risk of loss.