Although the term ” metaverso ” originally appeared without any connection to cryptocurrencies (in Neil Stevenson’s 1992 novel “Avalanche”), today it has become clear that these two technological concepts cannot live without each other. The decentralized, anonymous nature of cryptocurrencies is the best option for working with virtual universes, and also provides a great scope for the development of the platforms themselves – incentivizing users, simple trading operations without intermediaries, and much more. In this article we will mention the best metaverse cryptocurrencies most promising, based on their market capitalization – the main indicator of user creditworthiness.
Which metaverse cryptocurrency is better?
The cryptocurrency, or token , of the metaverse is understood as a digital asset that runs on the blockchain and offers benefits to project participants. As a rule, such cryptocurrency is launched on one of the blockchains with the support of smart contracts and high transaction speed, as each action within the platform is a transaction carried out with the participant's cryptocurrency wallet.
The main options for using cryptocurrency in projects with metauniverses:
- Purchasing the territory of the first character, pet, depends on the specific project. This is necessary to start the game.
- Rewards for in-game actions – battles, character development, participation in competitions.
- Decentralized Governance – Vote for innovation for the metaverse.
Finally, these cryptocurrencies often gain popularity outside of their native project. In a free market, assets perform very well as long as their metaverse is also actively developing, because then the tokens become more useful and in demand.
In fact, there are auxiliary tokens that do not belong to any particular metaverse but help the overall development of the industry. You will read about several of these coins now.
Best Metaverse Coins by Market Cap
1. Axie Infinity (AXS)
- Capitalization: 8 842 782 287 $
- Price: $112
- In circulation: 65 864 267
- https://axieinfinity.com/
Axie Infinity is a virtual world where participants raise pets called Axies and use them to fight against other players. The more powerful the pet, the more expensive it is, so you can earn money by breeding Axies and selling them. The AXS token acts as the main trading asset in the system. The SLP token is also widely used, with the help of which animals are crossed.
2. THETA (THETA)
- Capitalization: $6,482,854,659
- Price: $4.7
- In circulation: 1,000,000,000
- https://www.thetatoken.org/
THETA is the infrastructure for realizing the metaverse. At its core, it is a decentralized video streaming blockchain network. It allows users to watch videos and receive rewards in the form of tokens for their loyalty. In November, the analyst named this project as one of the most promising in the virtual universe industry.
3. The Sandbox (SAND)
- Capitalization: 6 392 661 908 $
- Price: $5.4
- In circulation: 913 246 119
- https://www.sandbox.game/
On November 29th, the long-awaited encetativo version was released on The Sandbox, one of the most popular projects in the Metaverse. By downloading the client, players have access to a variety of games and game objects, exclusive opportunities, and can also earn NFT and SAND tokens for their activities. Until December 20th, participants can access daily competitions and promotions.
4. Decentraland (MANA)
- Capitalization: 6 247 069 471 $
- Price: $3.71
- In circulation: 1 327 372 145
- https://decentraland.org/
A virtual reality platform powered by the Ethereum blockchain. It allows players to create, use, and monetize in-game content. It is based on LAND NFT tokens, which are entirely owned by the decentralized community. MANA is used to purchase goods and services in the universe.
5 Enjin Coin (ENJ)
- Capitalization: 3 400 287 108 $
- Price: $2.73
- In circulation: 934 340 659
- https://enjin.io/
A set of tools for integrating NFT and metaverse into any blockchain application. A convenient solution for a company looking to expand into a promising industry. Allows you to create tokens in a few clicks, without deep knowledge of programming and blockchain technologies.
6. Sushiswap (SUSHI)
- Capitalization: $ 1,458,471,675
- Price: $6
- In circulation: 192 789 255
- https://sushi.com/
The popular decentralized cryptocurrency exchange in late October announced the imminent launch of the ShōYu solution – an NFT marketplace. It will allow the sale and purchase of metaverse assets, such as OpenSea and other similar markets. By the way, the ecosystem is actively implementing a variety of solutions related to supporting popular blockchains and dApps.
7. WAX (WAXP)
- Capitalization: 1 313 040 170 $
- Price: $0.62
- In circulation: 1 852 340 234
- https://on.wax.io/wax-io/
The WAX protocol is a proxy Proof-of-Stake (DPoS) blockchain designed to scale with the microservice layer, providing the infrastructure for building metaverses and digital goods marketplaces. WAX was designed to make blockchain easier for decentralized applications, and it has succeeded.
8. CEEK VR (CEEK)
CEEK VR
- Capitalization: $761,768,559
- Price: $0.63
- In circulation: 739 647 760
- https://www.ceek.io/
A metaverse focused on working with music artists, performers, and other content creators. Here, celebrities can sell their tokens and fans can create collections of valuable virtual items. CEEK VR is partnered with Universal Music, so users will have the opportunity to experience live performances by legendary stars, from Bon Jovi to Lady Gaga.
9. Ultra (UOS)
- Capitalization: 569 124 367 $
- Price: $1.83
- In circulation: 267 919 582
- https://ultra.io/
A blockchain ecosystem that enables interaction with NFTs, the development of new games and applications, and the introduction of innovations. The project also has a referral system: it rewards both the attraction of new users to the platform and the promotion of products promoted on Ultra.
10. My Neighbor Alice (ALICE)
- Capitalization: $ 338,174,749
- Price: $14
- In circulation: 17.4 million
- https://www.myneighboralice.com/
A farm simulator where you can buy and equip your land, meet neighbors, trade NFT tokens in the form of animals, products, decor elements, buildings. The ALICE token allows players to buy NFTs, land plots, and various integrated DeFi solutions.
Other promising metaverse coins
Major metaverse currencies also include the following assets:
- Alien Worlds (TLM)
- MOBOX (MBOX)
- Mines of Dalarnia (DAR)
- Yield Guild Games (ASB)
- Star Atlas (ATLAS)
- Aavegotchi (GHST)
You can see the list and current indicators of coins in the aggregator here .
Forecast for the meta sector
At the end of October, the Facebook corporation, which includes WhatsApp, Instagram and the social network Facebook, changed its name to Meta. Mark Zuckerberg explained the reason for this decision – the company will focus on developing its own metaverse from now on, and this may take up to ten years.
NFT support is expected in the project, but what the cryptocurrency will be in Zuckerberg's metaverse is still unknown. But there is no doubt that it will be, which was confirmed in a letter to investors by Zuckerberg himself, also noting that the way the projects are managed will undergo changes. This will probably involve the creation of a DAO, but at the same time, many users doubted that such a government-controlled organization would launch a truly decentralized project.
However, Meta's presentation had a positive effect on the cryptocurrency market in the metaverse. It also indirectly leads to an increase in the growth of tokens from various blockchains, including Ethereum or Solana . New Metaverse projects appear regularly, and investors have the opportunity to choose the most promising of them.
Where to buy metaverse tokens
The main options for purchasing cryptocurrencies associated with metauniverses are:
- Centralized exchanges. Allows fiat usage, requires verification. Examples: Binance , cooperative , BingX .
- Decentralized exchanges. They do not support fiat, they allow you to work anonymously and without intermediaries. Examples: Uniswap, PancakeSwap.
- Cryptocurrency wallets. Examples: Trust Wallet , Metamask.
The more popular and sought after a cryptocurrency, the more services and platforms will add support for it. Consequently, the asset receives more liquidity and can be easily not only bought, but also sold.
Storage wallets
Choosing a wallet for metaverse tokens depends on which blockchain the cryptocurrency runs on. You can also consider multi-currency wallets that support different blockchains.
Where to store metaverse coins.
Wallets that support Metaverse project coins:
- For a computer – Trust Wallet, Exodus .
- For mobile devices – Trust Wallet , Math Wallet
- Most used: – Metamask , Binance Chain Wallet.
- Hardware – Trezor , Ledger .
Expansion wallets, such as Metamask, are convenient for connecting to metaverses. In the case of active trading, it is allowed to store coins on a cryptocurrency exchange.
Conclusion
The top cryptocurrencies of the metaverse will help you choose a suitable asset for trading or investing. However, you should not take this as a guide to action – the market situation is constantly changing, some projects are going to the top, others are losing popularity. It is necessary to look first of all at the possibilities of profitable use of the asset (both existing and planned for the future). A useless coin will sooner or later lose the interest of users. On the other hand, a token that is an important and irreplaceable part of the popular metaverse is likely to increase in value.