By investing in the metaverse at this time, you will gain access to a specialized market that is innovative and still in its infancy. As a result, you have the option to get your desired Metaverse crypto at an attractive price.
In addition, you will be able to diversify your portfolio in 2022 with some of the top long-term crypto investments.
In the sections that follow, we examine the 10 best metaverse crypto coins to buy right now in further detail.
Many of the digital currencies featured in this article on metaverse crypto are also among the most undervalued cryptocurrencies available for investment right now.
1. Decentraland is the Best Metaverse Cryptocurrency to Purchase in 2022.
Decentraland’s launch in 2018 gave its team a significant head start in the Metaverse competition. Simply said, this premier Metaverse project is built on the Ethereum blockchain and offers virtual games to people from all around the world.
Users can create and modify their characters, engage in user-to-user communication, and explore the ever-expanding Decentraland universe. This year, it has also become one of the greatest web 3.0 crypto coins to buy.
Moreover, from an investing standpoint, Decentraland has its own cryptocurrency: MANA. Importantly, all transactions within the Decentraland game must be conducted in MANA, giving the token actual utility.
Some of the most lucrative transactions involve the acquisition of virtual land and real estate, which frequently sell for more than a million dollars.
Users can also purchase and sell in-game products to enhance their experience on Decentraland. In terms of market performance, Decentraland’s initial price on public exchanges in 2018 was just $0.025. In November 2021, the same Metaverse cryptocurrency reached an all-time high of $5.90.
In addition, when you purchase MANA and LAND, you will receive access to the greatest NFT Land projects currently available.
That is an increase of approximately 24,000%. In the first quarter of 2022, Decentraland and the rest of the crypto markets corrected. As of today, you can get MANA tokens at a substantial discount. discount, as the coin is currently trading over 50 percent below its ATH. Consult our instructions on how to purchase MANA.
2. The Sandbox: The Upcoming Best Metaverse Cryptocurrency to Invest In.
Sandbox is in direct rivalry with Decentraland and is one of the greatest Metaverse cryptocurrencies to invest in for 2022.
Even earlier than Decentraland, this initiative was established in 2012, when the Sandbox released its first game. Since then, though, the Sandbox has expanded its economic model to include the Metaverse.
The Sandbox, which is built on top of the Ethereum blockchain, allows users to create, earn, and trade in-game objects. Similar to Decentraland, this feature includes the opportunity to purchase virtual land and construct real estate.
The property can then be offered for sale on the open market. The Sandbox, like Decentraland, has its own native digital currency: SAND.
3. Enjin Coin – A Low-Priced Metaverse Cryptocurrency That May Be Undervalued
Enjin is next on our list of the finest Metaverse cryptocurrencies to invest in for 2022. Enjin was founded in 2017 and offers a multinational database that enables customers to safely manage and store digital gaming products.
In addition, the platform streamlines the process of buying and selling NFTs using a user-friendly mobile app that includes QR codes.
In addition, Enjin said in late 2021 that it would raise $100 million to fund their Metaverse trip. On the one hand, after being launched on public exchanges in 2017, the price of this next Metaverse coin has exhibited a significant increasing tendency. Early investors, for instance, would have paid just $0.017 per token.
4. Ethereum Is the Actual Home of the Finest Metaverse Cryptocurrency Coins
Four of the highest-rated Metaverse projects, Decentraland, the Sandbox, Axie Infinity, and Enjin Coin, are constructed on the Ethereum network.
In fact, this appears to be the case with the vast majority of Metaverse projects we’ve encountered, so it goes without saying that Ethereum should also be considered if you desire to invest in the industry as a whole.
This is because Ethereum is the world’s leading smart contract blockchain, a vital piece of technology that enables the decentralized and safe operation of virtual Metaverse worlds. And, considering that Ethereum will upgrade to a proof-of-stake consensus mechanism this year, this will open the door to many more Metaverse initiatives.
After all, Ethereum 2.0, as the upgrade is called, would significantly boost transaction speed and scalability while reducing transaction fees to near nothing.
Moreover, fees are paid in ETH when Metaverse projects create their ecosystem on the Ethereum blockchain. Thus, Ethereum is currently one of the top Metaverse coins to invest in.
5. Axie Infinity: Leading Play-to-Earn Cryptocurrency for the Metaverse
Axie Infinity, which was introduced in 2020, is one of the top Metaverse crypto coins for play-to-win gaming.
For those unfamiliar with this concept, play-to-earn games provide gamers with the chance to win incentives for completing particular activities, such as reaching a specific level. Moreover, this encourages users to participate in the greater Axie Infinity network.
Importantly, the ultimate goal for players is to collect, raise, and breed virtual creatures. After being minted, this can be represented by a unique NFT, which can then be traded on the open market. Axie Infinity, like Decentraland and the Sandbox, is built on the Ethereum blockchain.
Furthermore, Axie Infinity has its own native token: AXS. At the time of AXS’s launch in early 2020, each token cost just $0.15. In November 2021, the value of the identical token surpassed $165.
This is a growth of over 110 million percent. As a result, Axie Infinity is one of the finest Metaverse currencies to purchase based on market performance.
6. Render Token – Expanding Project Providing GPU Space for Metaverse Platforms
Without a doubt, Metaverse systems require a substantial quantity of GPU space. In fact, some of the most prominent Metaverse players execute a large number of transactions every second, which increases the amount of traffic the underlying blockchain must handle.
Consequently, this leads to ever-increasing transaction costs and sluggish processing times. This is where Render Token comes in since it provides a GPU rendering network that can be utilized by all Metaverse projects.
The token was introduced in 2020 for only $0.05. Since then, Render Token’s price has peaked at $8.76.
7. SushiSwap is a decentralized exchange that offers an NFT marketplace through the Metaverse.
SushiSwap is the next Metaverse initiative to consider. SushiSwap is primarily a decentralized exchange that enables users to purchase and sell digital currencies without the need for a centralized third party.
This popularity has led to SushiSwap attaining a $500 million market valuation as of early 2022.
SushiSwap has since augmented its business model by launching an NFT marketplace in cooperation with the Metaverse. By delivering its marketplace through the SushiSwap network, buyers and sellers will be able to conduct decentralized transactions.
8. Ontology: A Scalable Blockchain Network Could Be the Perfect Home for the Metaverse.
Initiated in 2017, Ontology is a blockchain project based in China with its own proprietary network. The Ontology team asserts that their blockchain is capable of supporting 4,000 transactions per second, and up to 12,000 in specific test conditions.
In addition, transaction fees are only 0.05 ONG. This equates to just $0.02 per transaction at the time of writing.
Taking into account all of these factors, several market analysts assert that Ontology could be the finest blockchain network to host Metaverse projects.
In the past year, Ontology’s token performance has undergone a significant market correction, falling from a high of $2.94 to a low of $0.40. However, this implies that you are investing at a substantial discount.
9. Wilder World – Low-Cap Metaverse Cryptocurrency to Monitor in 2022
If you’re looking for one, Wilder World is your best option for a low-cap gem that specializes in the Metaverse. The project, which advertises itself as a “5D Metaverse built on Ethereum,” enables players to purchase and create a wide variety of personalized in-game products.
This includes land, condominiums, monuments, and more. All of this will be represented by NFTs that are tradable.
This top-rated Metaverse cryptocurrency has a market capitalization of less than $150 million at the time of writing.
This is a small fraction of what projects like Decentraland and the Sandbox hold, therefore Wilder World could be one of the greatest Metaverse cryptocurrencies to invest in if you’re looking for growth.
10: The Fantasy Battle Game Illuvium Meets the Metaverse
Illuvium, founded in 2020, is the last project on our list of the greatest Metaverse crypto coins. In brief, the Illuvium team has developed an open-world gaming platform based on an RPG (role-playing game) architecture. Illuvial are the monsters that players are entrusted with hunting in a fully immersive environment.
Early in 2021, Illuvium debuted its native ILV token, which debuted for $68 on public markets. In just seven months, the ILV token surpassed $2,800, representing an increase of more than 4,000 percent.
Since then, the price of Illuvium has been reduced to roughly $600, making it an acceptable entry point. SafeMoon currency is an additional viable alternative.
This new cryptocurrency has already experienced exceptional growth, with some crypto traders predicting that the SafeMoon price will reach the moon.
Conclusion on Metaverse Crypto
This introductory guide to Metaverse cryptocurrencies explains the principles of how this niche blockchain industry operates, including its future potential and associated hazards. In addition, we have analyzed the top Metaverse coins on the market.
In terms of upside potential, we discovered that Lucky Block is the greatest cryptocurrency to buy right now – not least since its revolutionary blockchain-based lottery technology has led to a token increase of over 6,000 percent in 2022 alone.