Top 5 Metaverse Crypto Token in 2022
By:C, FionaInterest in Metaverse, which forms a bridge between the real world and the virtual world, is expected to grow by leaps and bounds in recent years. This is further proved by the fact that social media giant Facebook recently changed its name to meta platforms.
In this guide, we will discuss the most valuable Metaverse crypto token in 2022.
Best Metaverse Crypto tokens to Buy in 2022
A list of the best Metaverse crypto tokens to invest in for 2022 can be found below.
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What is Metaverse Crypto Token?
In short, Metaverse refers to an emerging technology that allows a tangible real-world experience in the virtual world.This may be something simple, such as a 3D copy of your local town, where you can walk around and virtually view your neighbors.
Similarly, Metaverse may include a virtual shopping center that allows you to browse real-world goods and make purchases – without leaving your home. Either way, it is important to consider that Metaverse is not exclusive to cryptocurrency and blockchain technology.
On the contrary, as mentioned earlier, large market capitalization companies such as Facebook are also injecting billions of dollars into the Metaverse. Here, there are some Metaverse crypto token, and we really like their appearance — especially when you consider the current market decline — to provide a lower entry price.
They are the most unique plots in the virtual and public markets where users can purchase, explore, and so on. Moreover, in order for Metaverse’s products and services to be purchased and sold, the platform’s native cryptocurrency is required. By investing in the crypto token of the Metaverse project you choose, you can get economic benefits if the value of the token increases.
The Most Valuable Metaverse Tokens
Now invest in Metaverse – you will enter an innovation niche that is still in its infancy. Therefore, you have the opportunity to buy the Metaverse token of your choice at a favorable price. In addition, you also have the opportunity to diversify your portfolio with some of the best long-term cryptocurrency investments in 2022.
In the following chapters, we will take a closer look at the 10 Metaverse crypto tokens that are most worth buying now. You will also notice that many of the digital currencies in this guide are also considered to be undervalued cryptocurrencies that you can now invest in.
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Decentraland — the best overall Metaverse crypto token purchased in 2022
Launched in 2018, Decentraland’s team can take a significant lead in the Metaverse competition. In short, this leading Metaverse project is based on the Ethereum blockchain, which provides users from all over the world with a virtual game experience.
Users can create and customize their roles, chat with other users, and explore the growing Decentraland world. It has also become one of the most valuable network 3.0 crypto tokens to buy this year.
Moreover, from an investment perspective, Decentraland has its own crypto – MANA. Most importantly, all transactions in Decentraland must be executed in MANA- which makes the token truly effective. Some of the most profitable deals focus on the purchase of virtual land and real estate – often for more than $1 million.
Users can also buy and sell items in the game to enhance the Decentraland experience. In terms of market performance, Decentraland’s price when it first landed on the public exchange in 2018 was only $0.025. Fast forward to November 2021, the same Metaverse cryptocurrency hit a record high of $5.9.
In addition, when you buy MANA and land, you will get the best opportunity for NFT land projects. This is a gain of more than 24000%. At this point, Decentraland — and other cryptocurrency markets — were subsequently revised in the first quarter of 2022. As of today, you can buy MANA tokens at a great discount – the transaction price of the currency is more than 50% lower than its ath value.
Sandbox — the next most valuable Metaverse crypto token
Directly competing with Decentraland is the sandbox, which is also one of the most valuable Metaverse crypto in 2022. The project was even launched earlier than Decentraland, and sandbox released its first game as early as 2012. Since then, however, Sandbox has expanded its business model to focus on Metaverse.
The sandbox is built on the Ethereum blockchain and allows users to build, acquire and trade items in the game. Similar to Decentraland, this includes the ability to buy virtual land and build real estate. These properties can then be sold on the open market. Like Decentraland, Sandbox has its own local digital currency– SAND.
According to CoinMarketCap, SAND was first listed on a public exchange in mid-2020 at an price of $0.051 per token. Moreover, like Decentraland again, sand hit a record high in November 2021, breaking through the amazing price of $8.44. This means that in just one year of trading, the token value of the sandbox has increased by more than 16000%.
Please note that if you are not sure whether Decentraland or sandbox is suitable for your portfolio, eToro, a broker regulated by the U.S. Securities and Exchange Commission, allows you to obtain these two Metaverse cryptocurrencies from $10.
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Axie infinity — a top-level Metaverse crypto token suitable for Play-to-Earn Gaming
Axie infinity was recently launched in 2020 and is one of the most suitable Metaverse crypto token for game money. For those who don’t understand this concept, play-to-earn games give users the opportunity to generate rewards for completing certain tasks – such as reaching a specific level. Moreover, this motivates users to participate in the broader Axie infinity ecosystem.
Most importantly, the player’s end-to-end goal is to collect, raise and reproduce digital animals. Once cast, this can be expressed in a unique NFT form, which in turn can be sold in an open market. Like Decentraland and Sandbox, Axie infinity is built on the Ethereum blockchain.
Moreover, Axie Infinity has its own token, AXS. When AXS is launched in early 2020, you only need to pay $0.15 per token. In November 2021, the same token reached a high of more than $165. This means an increase of nearly 110000%. Therefore, this makes Axie infinity one of the best performing Metaverse coins in the purchase market.
Enjin — a cheap Metaverse crypto token that may be underestimated
In our list of Metaverse cryptocurrencies most worthy of investment in 2022, Enjin is next. Founded in 2017, Enjin provides a global database that allows users to manage and store digital game products in a safe and reliable manner. In addition, the platform makes the process of purchasing and selling NFT seamless through a user-friendly mobile application together with QR code.
Moreover, at the end of 2021, Enjin announced that it would raise $100 million to fund its Metaverse trip. On the one hand, this emerging Metaverse token has enjoyed a significant upward trend in price since it was listed on the public exchange in 2017. For example, early investors paid only $0.017 per token.
Fast forward to the end of 2021, Enjin Coin reached an all-time high of $4.85. This means end-to-end growth of more than 28000%. However, in 2022, Enjin coin hit a low of only $1.17. This means that the cryptocurrency rated Metaverse is trading at a significant discount from its previous record high.
Another Metaverse and crypto gaming that Enjin investors related are often interested in is Gala. Like ENJ.
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Ethereum — the factual basis of the best Metaverse cryptocurrency
The four top-level Metaverse projects analyzed above – Decentraland, the sandbox, Axie infinity and Enjin coin have one thing in common – they are all based on Ethereum blockchain. In fact, this seems to be the case for almost all Metaverse projects we encounter – so it goes without saying that if you want to invest in a wider industry, you should also consider Ethereum.
This is because Ethereum is the world’s leading smart contract blockchain – a crucial technology that enables the virtual Metaverse world to operate in a decentralized manner. Moreover, when you consider that Ethereum will be upgraded to the equity proof consensus mechanism this year, it will open the door to more Metaverse projects.
After all, Ethereum 2.0, as an upgraded brand, will significantly improve the transaction speed and scalability, while reducing the cost to close to zero. And don’t forget — when the Metaverse project builds its ecosystem on the Ethereum blockchain, the fee is paid by ETH. Therefore, Ethereum is one of the most valuable Metaverse coins at present.
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