The Metaverse and cryptocurrency seem to be concepts that go hand in hand. Both are an integral part of “web3”, the third generation of the Internet, after web1 (World Wide Web) and web2 (Social Media). More experiential and engaging, this new version of the web embraces virtual and augmented reality (VR/AR) to create immersive 3D environments.
The metaverse and cryptocurrency are separate concepts that can exist without each other – like Bitcoin, which is useful in both the real and virtual worlds. And many visions of the metaverse include crypto and blockchain only marginally. However, it is clear that there is potential synergy between these two concepts.
In fact, people like to spend money. And shopping quickly became a key feature of web1 and web2. So there’s no reason for web3 to be any different. While no one knows exactly what form the Metaverse will take, it will have a significant impact on cryptocurrency development.
By investing in the Metaverse now, you are entering an innovative niche market that is still in its infancy. You have the opportunity to buy the Metaverse token of your choice and diversify your portfolio with long-term crypto investments. Let’s take a closer look at what a crypto metaverse is, which crypto metaverses are best to buy, and which platforms they can be bought on.
What is a crypto metaverse?
The metaverse refers to a emerging technology which enables access to tangible real experiences in the virtual world. It can be a virtual mall where you can browse real products and make a purchase without leaving your home.
the metaverse is not solely limited to cryptocurrency and blockchain technology. Even large-cap companies like Meta are pouring billions of dollars into this phenomenon. At the top of the highly valued Metaverse cryptocoins are Decentraland, Sandbox, and Axie Infinity.
In order for Metaverse products and services to be bought and sold, the platform’s native cryptocurrency is required. By investing in the native cryptocurrency of your chosen Metaverse project, you can do this make financial gains when the value of the token increases.
Things you should know before investing in a crypto metaverse
Here are the key points to consider before investing in a crypto metaverse.
The Metaverse is open to everyone
The Metaverse advocates virtual worlds accessible to all. For example, you can watch a movie in a New York theater without leaving your home, no matter where you live. There won’t be no restrictions on jurisdiction for those who want to delve into the metaverse. Thus, the global demand for Metaverse projects could be of significant size.
virtual real estate
Metaverse platforms like Decentraland and Sandbox have created a new and innovative concept – in which users can buy virtual land and then build real estate.
You have two ways to profit from the best Metaverse cryptocoins. On the one hand, you can think to buy the project’s native digital currency. On the other hand, you can buy virtual properties and build your own properties to sell on the open market. You should know that this industry is still in its infancy. The collective market valuation of digital currenciess is still relatively weak in this area.
According to CoinMarketCap, it is currently slightly less 200 Metaverse cryptocoins that you can buy. On this list, fewer than 10 projects have a market cap greater than $500 million. From an investment perspective, this means you can invest in a Small-cap metaverse with a small amount of money. And when it does, the upside could be huge. An added benefit of investing in Metaverse cryptocoins is that it does relatively easy to create a diversified portfolio.
Monitor metaplatforms closely
It is important to consider the risk factor of metaplatforms. The social media giant alone has around $50 billion in cash reserves. This means it has the necessary firepower dominate the entire Metaverse ecosystem. The meta-platforms (Facebook, WhatsApp and Instagram) are home to billions of daily active users. As a result, they already have a mainstream market ready to go.
Metaverse cryptocurrency coins to buy in 2022
Here are some of the most sought-after high-yield Metaverse cryptocurrencies in 2022.
Decentraland, at the top of the list
launched in 2018, Decentraland took a lead in the Metaverse race. This world-class Metaverse project is built on the Ethereum blockchain. It offers users around the world a virtual gaming experience. In addition, users can create and customize their characters, chat with other users, and explore the ever-changing Decentraland world.
From an investment perspective, Decentraland its own cryptocurrency, MANA. Basically, all transactions that take place in the Decentraland game must be done in MANA. Some of the most lucrative deals involve buying land and virtual real estate, often selling for over a million dollars.
It is possible to buy and sell in-game items to enhance the Decentraland experience. In terms of market performance, Decentraland was cost only $0.025 when first released on the public markets in 2018. In November 2021, the same Metaverse cryptocoin reached an all-time high of $5.90.
Invest in Sandbox
The sandbox is in direct competition with Decentraland. The latter released its first game in 2012. Since then it has expanded its business model to focus on the Metaverse. It is based on the Ethereum blockchain and allows you to create, earn and exchange in-game items.
Similar to Decentraland, this includes the Possibility to buy virtual land and build real estate. These can then be sold on the open market. The sandbox has its own native digital currency called SAND.
According to CoinMarketCap, SAND was first listed on public exchanges in mid-2020 an initial price of $0.051 per token. It reached a record high in November 2021, over $8.44. Thus it increased in one trading year its token value over 16,000%.
Axie Infinity, a Metaverse cryptocurrency for play-to-earn games
For those unfamiliar with this concept, play-to-earn games offer the opportunity to do so generate rewards when certain tasks are completed. And it encourages users to engage with the broader Axie Infinity ecosystem.
Basically the goal Collect and breed digital pets. Once minted, this can be represented as a single NFT, which in turn can be sold on the open market. Axie Infinity is based on the Ethereum blockchain.
Axie Infinity has its own native token, the AX. When AXS launched in early 2020, you would have just paid $0.15 per token. And in November 2021, the same token hit highs of over $165. This is explained Growth of almost 110,000%.
Wilder World, a low cap gem
This project allows users Purchase and create a variety of custom game items. This includes everything from land, condos, statues, etc. All are represented by tradable NFTs.
In April 2022, this top-rated Metaverse cryptocurrency was released a market cap of less than $150 million. That’s just a fraction of projects like Decentraland and the Sandbox. But Wilder World could be one of the best Metaverse cryptocoins to buy because of the upside potential.
Enjin Coin, a cheap Metaverse coin
Founded in 2017, Enjin offers a global database which allows users to securely manage and store digital game products. Additionally, the platform makes the process of buying and selling NFTs seamless through an easy-to-use mobile app that comes with QR codes.
In late 2021, Enjin announced it would be collecting $100 million to fund his Metaverse journey. This promising Metaverse token has seen a strong uptrend in price since it was listed on public exchanges in 2017.
Render Token, a growing project
Metaverse platforms require a significant amount of GPU memory. Finally, some of the big Metaverse players process large numbers of transactions every second, increasing the throughput that the underlying blockchain has to process.
This leads to ever increasing transaction fees and slow processing times. This is where render tokens come into play. The project offers a Distributed GPU rendering network which can be used by all Metaverse projects. The token was launched in 2020 at a price of just $0.05. Since then, Render Token has reached heights of $8.76.
Where to Buy Metaverse Cryptocoins?
The answer to this question depends on your project. For example, large Metaverse coins with a large market cap are often hosted some of the best crypto exchanges in the space. But if you’re looking for a new, recently launched Metaverse crypto, you might need Use a decentralized exchange. Nonetheless, the best places to buy Metaverse Coins safely, easily, and cheaply are Metaverse Coins eToro and binance.
Buy Metaverse Crypto from eToro
By opening an account with this broker, you can buy Metaverse Coins from a Minimum transaction size of just $10. With a deposit of $50 you can spread your way across five Metaverse tokens.
In addition, eToro authorized and regulated by the SEC and registered with FINRA. So you don’t have to worry about the safety of your Metaverse investments. In addition, eToro gives you access to Dozens of other digital currencies and even thousands of stocks. We also appreciate eToro for its easy deposit process, which covers e-wallets such as Paypal, debit/credit cards and ACH. All the USD deposits and withdrawals are processed free of charge.
Buy Metaverse Crypto on Binance
Binance is one of the cryptocurrency exchanges most popular worldwide. Beyond crypto, the platform offers a number of other financial management tools for its users. Binance supports over 350 cryptocurrenciesincluding many metaverse tokens.
Make an escrow deposit in USD through a E-wallet transfer or a bank transfer to Binance. Users are encouraged to do so Check available Fiat channels and selecting desired fiat currencies. Buy your favorite Metaverse cryptocurrency via the purchase of a user wallet or directly with a credit/debit card.