Top 10 BEST Metaverse Coins to Invest in 2022

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The year 2021 was an explosive year for the metaverse community. VR technology finally making its breakthrough to the mainstream, the world exploring other uses of the blockchain, and Facebook changing its name to Meta were key catalysts in the rapid development we saw during the last quarter of the year. Not to mention the whole NFT craze that’s currently going on.

Now embracing the New Year, if you’re not yet involved in any metaverse project, you’re arguable a little slow, but not entirely late to the party. In this article, we will highlight ten of the best metaverse coins and tokens to invest in, in 2022.

Top Metverse Coins to Invest Today

Most of these projects have already gained ground, however, getting involved now doesn’t make you late.

Let’s get to it!

Decentraland (MANA)

Decentraland is a metaverse founded by Ari Meilich and Esteban Ordando in 2017. Although they’ve long since stepped down from handling key roles in the metaverse project, now they just work as advisors to Decentraland.

The project raised $26 million in its ICO alone while selling tokens for $0.02 and digital land parcels for about $20. However, to some these numbers during its launch is very much expected because %40 of its supply went to it for the ICO event.

It currently has a market cap of just above $7 billion, with a current price ranging within the $3.55 levels. This is healthy for the coin as it’s very close to challenging its ATH at $5.90. Considering the project and its uses, this is a prime level to get involved. You’ll need just about %52 of growth of its current worth to double the value of whatever you invest, and this is easily doable as the project is very promising.

Decentraland is a project developed for content creators searching for a better artistic medium, business owners looking for more business opportunities, and individuals looking for a new source of entertainment. It’s a little more than a “Gameworld” which is what we’re used to calling all metaverse related projects.

The Sandbox (SAND)

The Sandbox is a game created in 2012 as a result of the collaboration between Pixowl studios and Animoca Brands studios. Although, it wasn’t until 2018 when Animoca Brands studio acquired full rights to the game it began to get utilize blockchain technology.

The coin boasts a market cap of just above $6 billion and is currently priced at around the $6.5 level. Technical analysis shows that a perfect discount to buy is around $5.5 to $6.0, but buying at the current market price is still much reasonable considering the fully diluted market cap is at least three times the current market cap so there’s enough room for upwards growth. Again, the circulating supply is just about 9.2 million with a total supply of 3 billion, which means we’ve still got a long way to go because the project is still very young.

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The project is among the first to introduce blockchain technology to the gaming industry. This fact further increases its potential as much of the metaverse vibes is currently being pushed by the gaming world.

Enjin (ENJ)

Enjin was founded in 2009 by Maxim Blagov and Witek Radomski originally as a gaming community platform. However, the crypto coin Enjin (ENJ) was launched through an ICO in 2017.

The coin has a market cap of $2.6 billion, with a current market price ranging around $2.8. There’s a lot of positives to take from this metaverse coin because it has a solid project running behind it, and it’s one of that crypto that people in the gaming space actually use, and not just a buy and Hodl to the moon vibe. The only downside is that it already has 85% of its total supply in circulation, so it’s probably not a good investment opportunity for people who want to Hodl to the moon because we seem really close to it; judging with the total supply at least. It’s something to throw a few bucks at nonetheless.

The Enjin coin is an ERC20 token running on the Ethereum network, which means it is capable of handling smart contracts. Every token minted with the Enjin platform is directly backed by ENJ, giving the in-game items real-world value. This fact makes it a project that is to some extent safe, and not about to die soon.

Efinity (EFI)

Efinity is a project designed by Efinity to be a cross-chain NFT blockchain. It is built on Polkadot in collaboration with the Web3 Foundation and Parity Technologies. It is essentially a parachain with the consensus algo based on Polkadot’s Relay Chain validators.

It’s a really potent project, currently priced at $1.22 with a relatively small market cap of just over $206 million, a lot distant from the fully diluted market cap of $2.4 billion. Currently, only 8% of its entire quantity is in circulation meaning if you get involved now, you’re probably catching the Bull Run earlier than others.

The main idea behind this project is to reduce the high transaction fees people pay when they want to transact NFTs through Ethereum and other blockchains. Also, the transaction speed is considered too, making it a very viable project to bloom in 2022.

Axie Infinity (AXS)

Axie Infinity is a pay-to-play-to-earn game developed by a company called Sky Mavis, a company founded by Trung Nguyen and Aleksander Larsen. It is essentially a blockchain-based trading and battling game where the players are the real owners. The project is inspired by other well-known games like Pokémon and Tamagotchi.

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The market cap currently sits just above $6.6 billion, and only 23% of the entire coin’s volume is in circulation. We currently have the market price trading at $110, while the ATH is at $151.5. The current price level looks like a great area to buy, especially with price projections predicting growth to at least $240 in 2022.

The game is designed in such a way that the gamers really benefit, and it’s not just crypto traders buying it and pushing the price. Hence, there’s a level of assurance that the project will be stable and grow in the coming years as metaverse gamers increases.

Metahero (HERO)

The Metahero Project was established in October 2021 by Robert Gryn. It is function is to create NFTs with 3D scanning technology, enabling unlimited creation of unique meta-objects and avatars. Think of a tech that allows you to analyze real-world objects, collect data, and reproduce it digitally.

Although the idea behind this project is very promising, there’s quite some uncertainty as to whether it’s safe to invest in it because it’s very new, and still looks experimental. It has a self-reported market cap of $809,293,901, with the current price trading at $0.15.

A lot of the stats of the HERO token is self-reported, as such, there’s still every reason to take the reports with a pinch of salt. However, if you’re thinking like an early investor, it’s something to really pay attention to in 2022.

Gala Games (GALA)

Gala games is a blockchain-based gaming-making platform. It was developed by 60 team members and currently has over 1.3 million active users. They concentrate their efforts on developing high-end games, as opposed to what we regularly see in the play-to-earn gaming sector.

The GALA token is currently priced at 0.55, with a market cap just above $3.8 billion. It has a current supply of 6.9 billion, against a total supply of 35 billion, indicating that there’s still much room for growth. Although the token was launched in September of 2021, all its necessary info is verified on Coinmarketcap adding more confidence to the project.

Gala games allow its users to claim true ownership of their in-game items in the form of NFTs. Also, more control over the games is given to the users such that they get to decide on what Gala should develop, as well as what games should be promoted. This approach is going to be instrumental in inviting a sizable amount of audience to the platform, which in turn gives much bullishness to the GALA token.

Bloktopia (BLOK)

According to Coinmakret cap, Bloktopia is a decentralized metaverse built and backed by Polygon. Bloktopia aims to provide an unparalleled VR experience for the crypto community, where all users are together in a captivating and engaging environment.

The market price is currently ranging around $0.061, with a market cap just above $500 million. The fully diluted market cap currently sits at $12.2 billion, with only 4% of the coin in circulation. Investing in this coin will get you on the early train for the potential upcoming bull run of 2022.

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The project is one of its kind, there’s not a lot of projects out there with potential centered on creating a metaverse for now.

Netvrk (NTVRK)

Netvrk is a metaverse world built on the blockchain founded by Michael Katseli and Linus Chee. According to the whitepaper, the project has the vision to become the next evolution of the internet by offering a way to consume and create immersive experiences while monetizing and sharing content that will result in an ever-expanding virtual metaverse.

It currently trades at $3.80, with a self-reported market cap of $119 million. The self-reported circulating supply is exactly at $31 million. Again, considering much of its details are self-reported, one needs to be careful when making investments; don’t bet the farm.

The metaverse project has got a lot of functionality as seen on the whitepaper. Hopefully, if all of its key details are fully confirmed, there’ll be more confident in getting involved.

Star Atlas (ATLAS)

Star Atlas, is an online multiplayer game that is hosted on the virtual gaming metaverse. A huge plus for this project is that it is built on Unreal Engine 5, which means it’s going to have a high graphic quality, and feature real-time environments. The project was initiated CEO Michael Wagner, COO Pablo Quiroga and Head of operations Deb Lucas.

The ATLAS token currently trades around $0.11 with a market cap just above $243 million. The total supply is 36 billion, and only 6% is currently being circulated. These stats bode well for a project believed to have a bright future. Its average trading volume as of December 2021 is well above $15 million, which means it’s a healthy token that others are also interested in.

Star Atlas is built on the Solana blockchain, making it capable of executing transactions faster and with lesser fees. At the moment, the Star Atlas game is the best when it comes to gameplay possibilities. There are also plans to offer an NFT marketplace soon, making the project even more bullish for the coming years.

Final Takeout

There you have it, my top ten metaverse coins to look out for in 2022. Considering that these projects are fundamentally bullish, it’s only a matter of time before investments will begin to bring dividends. The only issue you might have is choosing the one that will be the top performer.


Disclaimer

This content is for entertainment and educational purposes only, and not financial advice. Please do your due diligence before putting your hard-earned money in the financial market.

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