Despite a phenomenal rise in these metaverse tokens, these are the five tokens worth investing as much as buying Bitcoin in 2009.
By changing the name of his social media company from Facebook to META, Zuckerberg steps into the digital multiverse space. This has brought multiple existing decentralized multiverse platforms into the limelight. Many tokens or the currency of these platforms have gained more than 200% in real-life value in a few days. And, the bull run in these coins continues to this day.
"Metaverse is the next chapter for the internet" — Mark Zuckerberg
With the latest news of the collaboration of "Bytedance," the parent company of TikTok, into the META project and gaming startups are bringing significant fundings from various bigshot venture capital firms. The value of different metaverse coins is sky-rocketing.
For example, Solana Ventures, FTX, and Lightspeed Venture Partners have teamed up to invest $100 million into companies that are developing a gaming metaverse. Andreessen Horowitz, on the other hand, led a $150m financing for Mythical Games. This was a result of Mythical's success with play-to-earn concepts as well as playable non-fungible tokens.
As the metaverse becomes mainstream among users, the demand for these companies will increase exponentially. Hence, buying these five meta-verse coins now can be like investing in Bitcoin in 2009.
MANA is the fungible token that allows players to buy LAND, services, and goods (NFTs) in the digital economy. The NFT marketplace has grown by more than 2000% since the start of 2021.
"Buy land today in the virtual world feels like buying land in Manhattan in 1750" — Janine Yori, Head of Republic Realm.
For instance, a patch of virtual real estate in the online world Decentraland was sold for a record $2.4 million worth of MANA. Thus, the value of these plots in the upcoming years is only expected to rise higher.
MANA currently trades around $4.50, making its new ATH and up almost 4,800% YTD. It has surged 465% during the past month. It is presently completing a bullish engulfing candle to break above the previous swing high.
Hence, with the growing digital economy inside the metaverse, the MANA token will breach the $10 mark in 2022.
The play-to-earn concept of Axie Infinity is attractive because it allows players to earn real-life passive income by redeeming their earnings and exchanging them for assets outside of the game. Hence, helping the gamers community to grow and flourish.
AXS is one of the few cryptocurrencies to see dramatic 28,000% price growth in the last year. Its popularity and high revenue have made investors wonder if they should buy-in. It has generated $197M in revenue in the past 30 days, more than the top five apps combined.
Back in February, a user spent 888.25 ETH worth about $1.5 million at that point on nine plots of land in Axie. Therefore, with the growing gamers community worldwide, we can see the AXS coin price reach $300 in upcoming years.
Furthermore, with people in Vietnam and the Philippines quitting their day jobs to play and earn from Axie Infinity, we can surely see the AXS price growing exponentially over the years.
The Sandbox is a crucial token you can invest in this financial year, and it should be on your radar in the world of metaverse tokens. Its native currency is "SAND," created on the Ethereum platform. Sandbox, unlike other P2E games, allows players to trade and sell on NFTLAND. The SandBox enables anyone to create, share and monetize assets.
This month's ebullience was partly due to Sandbox's announcement that it will open up part of its metaverse via its multi-week play-to-earn Alpha event on Nov 29. And, with the news of the META project, SAND showcased a growth of 300% within a week.
In detail, the blockchain startup confirmed that it would select a group of 5,000 players to earn up to 1,000 SAND (currently worth $5,540) and three non-fungible tokens (NFT) as they spend time across Sandbox's 18 virtual experiences.
SAND creates a new ATH of $7 at press time and shows gaining bullish momentum. It has spiked more than 750% in the past month and has given a return of 14,000% YTD.
Star Atlas metaverse players can trade, obtain, and create non-fungible tokens. Star Atlas gamers can interact with DeFi platforms enabled by smart contracts while at the center of the gaming experience. Hence, allowing players to borrow and lend various Solana or Serum assets.
Built on Solana brings its own set of plus points. As Solana is considered as the main Ethereum competitor, ATLAS can also gain momentum. Moreover, Solana Ventures announced its participation in a new $100 million fund to boost blockchain gaming.
However, the launch of the main version of the game is scheduled for 2022. But this term may be increased due to the expansion of the range of tasks associated with developing such a large-scale project.
Thanks to the combination of professional game development and blockchain technologies, the Star Atlas project can be the game that will revolutionize the crypto game's sphere and take it to the next level.
The ATLAS coin price is $0.177, with a rise of 11% in the past 24 hours. The coin's market cap is $384 Million, with a circulating supply of 2.16 Billion out of 36 Billion tokens.
MyNeighborAlice is a story-driven game that encourages social interaction and creativity. Players can build upon their land plots and then show their creations to their friends and fellow players.
As a multipurpose platform that incorporates features of decentralized finance (DeFi), MyNeighborAlice is transforming the open-world gaming experience through a blockchain-based system that enables interaction between users.
The majority of items in the game can be represented by non-fungible tokens, which the player entirely owns. To earn a yield, ALICE token holders can also stake their tokens.
In other ALICE crypto news, Antler Interactive raised $2.1M for MyNeighborAlice at the start of this year. Moreover, the project recently announced an $80 million metaverse grant collaborating with Chromia and Mines of Dalarnia.
The token has been up by 100% in the past month, with a current value of $23.67. The market cap of ALICE is $413 Million, with a 7-day price range of $12.55-$25.18. The coin has surged 600% from its ATL of $3.24 in June 2021.
According to the estimates of Digital Coin Price, the cryptocurrency is expected to close the year with a price level of $35, and the price will continue to surge upwards — reaching $83 by 2026.
The metaverse grant has turned the portfolio green for many investors and is expected to continue seeing green for a while as the platforms gain more and more attention.
With the increasing market cap of NFTs marketplace and growing gamers community all over the world, living in metaverse could become a new normal. Hence, we can see the Metaverse tokens can prove highly profitable in 2022 as Zuckerberg pushes the META project.
However, investors are encouraged to research and discuss investments in these tokens with their financial advisor(s).