The Metaverse is becoming a popular term among crypto enthusiasts as more developments are being unveiled within the space as new ideas show untested limits of Web3 technology.
And, Metaverse coins are basically the currency that people use in the Metaverse. People spend a fortune on Metaverse coins to be able to interact with others in the alternate universe and as an investor, you can position yourself to benefit from the rising currency.
Whats is more? Ever since Facebook changed its name to Meta, the value of these coins has increased significantly.
Today, there are several Metaverse coins in the crypto market. At the time of writing this, Metaverse coins constitute over $10 billion of the total crypto market capitalisation, according to data from Coinmarketcap.
In this article, we will share 3 Metaverse coins you should keep an eye on if you wish you position yourself for future financial rewards.
Related post: All you need to know about the Metaverse
$MANA is a token of one of the most popular metaverse platforms on the Ethereum ecosystem, The Decentraland. The popularity of Decentraland rose with the increasing attention given to Metaverse tokens.
The Decentraland platform allows creatives to create and monetise content using the MANA token. Also, users can purchase land in the form of NFTs and develop them using the coin.
The ecosystem is limitless and continues exploring all the Web3 possibilities, implying a brighter future for the MANA token and the Decentraland platform. Although the MANA token price is on a downward trend, a more optimistic future has been predicted.
This metaverse coin should be on your radar.
ApeCoin is the native token used for governance and utility purposes within the APE ecosystem.
It is a means to govern the ApeCoin DAO Ecosystem Fund by determining how the funds should be used. The voting rights are obtained by holding ApeCoin tokens, which are ERC-20 governance tokens within the APE ecosystem.
ApeCoin was inspired by the Yuga Lab’s Bored Ape Yacht Club NFT project, which has received attention from several celebrities on the internet. The Yuga Labs’ success with the Bored Ape Yacht club is now spilling over to the ApeCoin which has made significant strides recently.
According to data from Coinmarketcap, the overall market rank of ApeCoin is #36. As buzz and attention continue to flock around Yuga Lab’s BAYC, Apecoin is also expected to gain traction.
You should keep tabs on it.
This is the native token of The Sandbox, a popular metaverse platform.
It was launched in 2021 by Pixowl and extensively explores Web3 possibilities as it encourages developing, creating, and selling digital assets on its platform.
Sandbox has continued to improve its platform to ensure sustainability and efficiency for its users. The Sandbox platform focuses on the gaming community by incorporating the power utilities of the Decentralised Autonomous Organizations and NFTs.
The Sandbox creates a metaverse of involved players who contribute to the platform’s further development. Using the $SAND token, the Sandbox promotes decentralised governance and allows users to share their views and ideas about the development of the project.
These efforts have been successful so far, as witnessed by the impressive performance of its native crypto token, SAND. The market rank of the SAND token is #41 according to the market cap.
It is predicted to have a positive growth rate in years to come, based on its innovative model that promotes earning for creatives and gamers on its platform.
Metaverse coins with strong fundamentals and backing can give huge returns as illustrated by the bullish runs of coins like $AXS, $ENJ, $SUSHI and others in 2021.
However, it is important to do your research and analysis before investing in any coin. And, always remember not to invest more than you can afford to lose.