The term Metaverse gained more attention after Facebook announced their metaverse project. The company even changed their name from Facebook to Meta. They invested nearly ten billion USD in the project. It will take a few more years for the “metaverse” to make a global presence and will be an accessible platform for everyone in the future.
Blockchain technology will play a crucial role in the meta platform. Hence, crypto investors see this platform as a great place for investing in crypto coins. But remember the cryptocurrency market is very volatile, so be wise while investing in this platform. But how is the metaverse connected to cryptocurrency? What are all the best crypto coins to invest in this platform? This article will answer these questions.
Best metaverse coins to invest in 2023
Metaverse has not been launched for public use until now. It’s good news for investors as coin prices are affordable and less expensive. Most of the coins are just a dollar or even less. It doesn’t mean that all the coins are worth it. So it is crucial to invest in a currency that performs well and has stable financial growth. The currencies mentioned below have consistent financial backing and powerful performance for 2023.
1. Sandbox
Sandbox’s cryptocurrency is known as Sand. It is essentially a game backed by a brand called Atari. The currency has had a great performance throughout 2022. The price went from 1 dollar to 8$ last November. However, the prices got low at the end of November and now the price is at 0.74$ approximately.
The sandbox cryptocurrency is built on NFT trading technology. Users can create NFTs by using the Sandbox cryptocurrency. Lionsgate entertainment corp has recently partnered with Sandbox to create a metaverse destination called “Hellboy”. The currency is built on the Ethereum platform. This coin has a limited supply of 3 billion tokens, where 1.5 billion tokens are already in use.
2.ApeCoin
This coin was launched in march 2022 with a market cap of $1.3 billion. Apecoin allows investors to control the Ape ecosystem and the games are only accessible to investors. It is built on the Ethereum platform and is also known as ECR-20. Apecoin has a partnership with Yuga Labs.
The popular game “Bored Ape” is owned by Yuga Lab, which raised $320 million in a virtual land sale. The price of Apecoin went from 26$ to 3$ in June 2021. To control the further price drop Apecoin restricted its coin flow. It is one of the largest metaverse coins. This coin may give you a noticeable return if the project survives in a long run.
3. Highstreet
Highstreet already has many features that a metaverse promises to deliver in the future. Developers even created Shopify stores on this platform, where you can buy things using High currency. This platform offers you virtual reality support. Highstreet features many games and NFTs.
4. Decentraland
It is one of the oldest metaverse projects and was introduced in 2017. Decentraland is popular for NFTs and a native token called MANA. You can buy virtual land using MANA and you can display NFTs on this platform. Many big companies have already bought virtual land in Decentraland. This metaverse project has a market cap of $ 1 billion, which makes it the 3rd largest crypto coin. With a high-risk tolerance, you can expect a good return on investment.
5. Metahero
Metahero is new to the metaverse platform. It mainly focuses on creating real-world objects inside the metaverse platform. It even installed a scanning chamber in Qatar to capture the objects in 3 dimensions.
Metahero has partnered with Wolf Studios to develop high-definition avatars from the real world. This platform also has a crypto coin named “HERO” and the performance is unstable at present. However, it may become stable in the future. Hence, investors see this project as the riskiest one.
6. Virtua
This project was launched in 2017 when NFTs were not that popular. But the metaverse is all about NFTs. This platform has its crypto coin TVK. With TVK you can create, buy, and sell NFTs.
Virtua is built on the Cardano blockchain and has a partnership with the game Kawaii Island to create a sustainable marketplace for this platform. This project has a market cap of $27 million. Its user base is low compared to other platforms, but it may grow in the future.
7. Star Atlas
This platform focuses on delivering games with high graphic configurations. Its crypto coin is Atlas. Users can collect the coin by playing the game based on the Solana blockchain.
PC manufacturer iBuypower has joined hands with Star Atlas to provide all the hardware support. The partnership will help Star Atlas expand its game membership. Its market cap is $8.55 million as of October 2022.
8. Epik Prime
Like other metaverse projects, Epik Prime is all about NFTs. It was released in 2022 and its cryptocurrency is available on the PancakeSwape platform. Epik has partnered with more than 300 game platforms and offers licensable NFTs. It has a market cap of $5.3 million which is the lowest among all the metaverse projects.
Final Thoughts
More than millions of Metacoin projects are in the development phase. But only a few seem to be potential. The whole metaverse project is built on blockchain, cryptocurrency and NFTs. It is a deep concept and shows innovations every day.
Like any other investment, this too involves high-risk factors. So be cautious while investing. Most importantly, diversify your investment across the coins. At Last, only invest in coins which have potential and stable financial gains. To frequently read more updated technical blogs visit our website.
