Top 7 Metaverse Coin List To Invest – The metaverse is the company’s next evolution of social connection, the vision of Facebook’s meta is to bring the Metaverse to life which brings about the change in its name to reflect the company’s commitment to the future.
Metaverse has seen growing interest from users and admirers. Many of the metaverse crypto coins have taken to flight in their prices since facebook’s rebranding to ‘Meta’ news.
Shortly after Facebook introduced the Metaverse, cryptocurrency investors saw the rebranding as a sign of growing the acceptance of the Metaverse trend. This coincided with a rising interest in altcoins and meme coins such as Dogecoin and its Dog faced competitor Shiba Inu. (SHIB) saw shrap rallies causing Robinhood market Inc. (NASDAQ: HOOD) to field questions about how they will add more of these coins to its trading platform.
Despite the fact that both coins have the same breed of dog as their respective avatars, DOGE and SHIB are quite different. DOGE is a coin whereas SHIB is a token, Meaning that DOGE has its own chain that enables it to be mined SHIB is a token existing on the Ethereum blockchain. The differences between this two is in supply where DOGE has a current supply of 132 billion whereas SHIB has one quadrillion in supply.
The Crypto market is still feeling the effect of the announcement of Facebook changing its name to meta platforms, Inc. So far many early adopters of the metaverse are not impressed.
Meanwhile the announcement of the Facebook Metaverse, caused another currency to surge namely; One called Decentraland (MANA), which quickly rock an all time rate of $4.16, According to coin market cap data up to 400% from where it was trading shortly after Facebook announced it was changing it name to Meta.
Top 7 Metaverse Coin List To Invest In 2022
Below is a list of the Metaverse Cryptos.
Metaverse Coins
Amongst the tens of metaverse crypto coins existing, here is a list metaverse coins to look out for;
Facebook Tokenized Stock(FB)
Since Facebook’s rebranding, It has invested about $50 million into its metaverse projects. So it’s only wise if one could choose to invest in their tokenized derivatives/version of shares that represents 1:1 of the underlying stocks.
FB token is currently trading in FTX and Bittrex centralized exchanges.
Axie Infinity (AXS)
Another metaverse crypto coin one should be looking at is the Axie Infinity governance token AXS. Axie Infinity is an NFT based online video game on the Ethereum blockchain. Players breed, raise and battle their digital pets in this play-to-earn ecosystem.
AXS has seen a significant run this year and is available for trading in Binance, Coinbase, FTX, and several other major CEX and DEX in the crypto space.
Decentraland (MANA)
Decentraland is a virtual reality platform built on the Ethereum blockchain that allows users to create, experience, and monetize content.
Amongst metaverse crypto coins that have surged in price lately, MANA has taken the front row seat. MANA is an ERC-20 token used in the Decentralized metaverse to buy avatars, wearables, names, and more. It is burned to acquire non-fungible LAND ERC-721 tokens.
Enjin Coin(ENJ)
$ENJ is an ERC-20 token on the Enjin network, a social gaming platform that allows users to create websites, chats, and host virtual item stores.$ENJ by market cap is the third metaverse token behind $MANA and $AXS according to Coingecko. ‘
Minting Blockchain assets with $ENJ provides creators and users the benefits of transparency and scarcity which could, in turn, raise the monetary value of their assets in the long run.
$ENJ is available in Binance, Coinbase, FTX, and several other major CEX and DEX in the crypto space.
Metaverse Index (MVI)
This is another metaverse crypto coin, a metaverse ETF but for the crypto market. It has a maximum supply of 39,602 tokens.
It is available in Decentralized exchanges like UniSwap and 0x Protocol.
The SandBox (SAND)
SAND is an ERC-20 token for the Sandbox, a decentralized blockchain-based virtual platform that is combining the powers of the decentralized autonomous organization (DAO) and non-fungible tokens (NFTs). It allows users in the game to buy, sell, create and build digital assets.
SAND is currently trading in Binance, Mandala Exchange, OKEx, CoinTiger, FTX, and some other DEXs and CEXs.
