Cryptocurrency is popular nowadays and many people have heard its name. But do you know what it is and how cryptocurrency works? And where it is used? If not, then let’s begin with every detail so that this article refreshes your knowledge and benefits the beginners as well.
10 Best Metaverse Crypto Coins
- Axie Infinity
- The Sandbox
- High Street (HIGH)
- Somnium Space
- Red Fox
1. Axie Infinity
As I mentioned above, every metaverse has its own crypto coins or token. Axie Infinity is a metaverse of games. One can play games and earn AXS and SLP in them. AXS (Axie Infinity Shards) and SLP (smooth love potion) is the crypto coin of the axis infinity metaverse. The craze is going so wide that some people have even quit their jobs to maintain a lifestyle in the axie metaverse. SLP can be earned by playing the game, while AXS cardholders can help build the infrastructure of axis infinity.
You can also convert AXS and SLP into ETH to buy any NFT at the marketplace.AXS right now is $45.65 and can hit $150 at the end of this year easily because predictors say this coin is in demand and people are going crazy about axie infinity. It is also predicted that the value of AXS will rise up to $200 in 2023.
2. The Sandbox
The sandbox uses SAND as an NTF token and allows the user to make games for free and participate in the ecosystem of the metaverse. The user can also be built and sell the game as NTF. The sandbox provides true ownership to the user. SAND works in the Ethereum ecosystem.
Right now the price of SAND is $2.77. SAND is getting fame amongst investors as this is one of the coins that has gained popularity in a short time. However, in 2022 the graph line has fallen as the price declines. But for a long-term investment expert says SAND is the one to invest. The prices could hit $15.89 at the end of 2023.
Decentraand is a virtual universe where you can play in 3D form. Mana is its cryptocurrency token. The land is also a cryptocurrency that is basically NFT and is used to buy land in decentral. Gamers, businesses, and other companies use this as a platform to invest money. The more the demand the higher the value of MANA will be. Therefore, as the audience increases the value of this virtual platform increases. All the updates in the game are decided after a voting system. The people of decentralize vote for the activity. The artwork can be bought and sold at the marketplace through NFT.
This is the oldest metaverse and thus is the competitor of SAND. But one cannot say which one is better as both are at the beginning and don’t know what they will bring in upcoming years. Let’s talk about the price of MANA, it is $2.32, if MANA keeps on improving its game then you will probably see it as $7.526 or more.
Gala is a gaming platform. It gives the player ownership over the game. This means that whatever you earn or win in the game is truly yours through NFT and you have complete right over it. In this metaverse, GALA tokens are used to purchase anything or sell anything.
GALA is also used for node operator incentives, network governance seems like this will be a great investment for the upcoming days. Right now the price is $0.212. Gala is expected to take a turn in upcoming years. Gala price in 2023 is expected to reach $1.8926. As the demand increases the token will definitely hit higher in other years.
Enjin crypto coin works through a process called minting in this process you can create assets and items that are used within the game. These items can be medicines or can be weapons etc. you can also increase the capabilities of your character using ENJ. You can also create NFTs through the minting process and the best part is these items can be converted back to ENJ cryptocurrency. The price of ENJ is $1.30 today. In 2022 the ENJ coin has faced a lot of declines but that does not mean it won’t rise again. Experts say that traders should invest in this coin as it will bring huge profits in the upcoming years.
6. High Street (HIGH)
The high street follows a simple mantra of play, moreover, if you are hybrid loving then it is totally your game. NFT plays an important role in this platform their products can be used on this platform. The currency is half virtual and half real this makes High Street more exciting.
The price of HIGH is $3.67. Many investors are stepping back from any further investment because of the fluctuations made in the cryptocurrency world. This coin is a good option to invest in and will bring back to you a lot. The price could reach $34.1 by the end of 2022.
7. Somnium Space
This 3D environment is fueled by CUBE. This works on the Ethereum blockchain. The NFT industry works by providing avatars. People buy these avatars for their characters. Polygon is the cryptocurrency used in sominium space. You can purchase NFTs through it. It a has huge growth rate. It is designed to make transactions cheaper on the Ethereum blockchain. Right now its price is $5.58. As this is now of the best crypto coin, the predictors have concluded that by the end of this year the rate will rise up to $28.01.
Hero is the cryptocurrency used in Meta hero to create 3D avatars, assets, medicines, and other items in the game. You can also trade NFTs over here. The price of Hero is $0.04764. By considering the previous charts, traders have forecasted that the value of HERO will surely increase by the end of 2022. The rise they predicted is $0.099. So if you are thinking to buy the coins then go ahead.
9. Red Fox
The red fox ecosystem utilized 2 types of tokens, VFOX is used for rewarding purposes while RFOX is used to buy assets and lands. RFOX price today is $0.04434. According to the forecast, the Rfox is the best investment for the long term. The coin can be increased at around $0.4258 as after falling many times it has gained rise again several times. So investors and traders are worried and not sure whether the coin will rise or decline.
In this metauniverse to trade anything, you would need a crypto coin named BLOK. You can buy real estate, games, and other NFTs through this crypto coin. Through BLOK, you can get access to many events like stacking, pre-sales, exclusive events, etc. It is a play-to-earn game on polygon blockchain. It is predicted that its price will be higher in future and people can make money on this. They will be able to sell and buy assets. The current price of BLOK is $0.01457. It is predicted that at the end of 2023, it will raise to $0.126.
What is Metaverse?
Meta refers to digital and verse refers to the universe so basically, Metaverse is a digital universe. Each metaverse has a map, events, games, plots, etc. You can buy these assets and they can be yours forever and ever and no one can steal that or claim it as your ownership is recorded. But the question is how it is recorded and how you buy the assets?
So the first question is how do you buy these assets? You simply buy them with crypto coins. Every planet has its own coins. You use those coins to buy the assets. Now you must be thinking about how these coins come from? Basically when you have to buy something you need a wallet with money. You can fill your wallet by converting your US Dollars into the particular currency of the metaverse and can buy assets over there.
Now the second most important question is how your data is recorded? Your data is recorded in blockchains. Each buys and sells, every transaction you are making is recorded in metaverse in the form of blockchains. Blockchains are the bank of metaverse but are more secure and safe. It cannot be hacked as the network and codes used in blockchains are so complicated that it would be so much difficult for the third party to crack it. There are two types of Blockchains Ethereum and bitcoin. Bitcoin is high ranked while Ethereum is the blockchain used by most gaming metaverse.
Moreover, your data is decentralized. It is not owned by one person or one institution like in the case of banks. In a bank, owners have the authority to even change the whole system and bring back the barter system but in cryptocurrency, no one has this right. Everybody knows about your transaction, your activities, etc. With this system, it is way too difficult to con.
Before we jump into our next topic I would like to remind you of NFT. NFT is basically an online marketplace where you can buy or sell and even auction your artwork. The artwork can be a song, image, slogan anything. If you buy NFT it will be yours forever no matter how many fake copies are produced, the original owner will be you forever and the more fake copies more will be the value of your NFT.
This was all overview about metaverse and how it works. Now let’s talk about each metaverse and its currency and scope. There is various metaverse out there and we will talk about some top of the metaverse and metaverse crypto coins like Axieinfinity, decentraland, the sandbox, GALA, Enjin, Hight Street, Red fox lab, and bloktopia.
How metaverse is secure?
Metaverse is super secure, every transaction you make is recorded in billions and trillions of copies due to its decentralized system. Nobody can hack your system and claim it to be theirs. The blockchain system has made this easier.
Does metaverse have a future?
There are two thoughts about his question. One says it has a diverse future due to its extraordinary planning and decentralized system. While the other thought says the graphs of meta coins will decline with a lack of interest from investors.
Can you buy metaverse?
You can buy land in metaverse by spending crypto coins. This land will be yours and no one can ever claim it. You can do whatever you like to do with it. You can even sell it if you want to.
Crypto coins are increasing and decreasing on daily basis. No one knows exactly which one is better to invest in. Metaverse has a huge scope in the future due to its super system in which everything is planned but some people never agree to invest and say it won’t work in the future. Moreover, this review is not financial advice, this is written for your knowledge about the metaverse crypto coins.