Top 15 Metaverse Coins by Market Cap Worth Investing In Today:
What Are Metaverse Coins?
Simply put, metaverse coins are the currency that people use in the metaverse. Coin holders can pay for anything within the 3D universe, from embodiment clothing to substantial estate. They can besides create and sell products, goods, or services within the platform. While some tokens are available for use only within their respective metaverses, others are available on cryptocurrency exchanges like Binance. But more than an in-game currency, metaverse tokens have value both inside and outside of the metaverse. For one, the currency can represent unique items, like community membership. Using these coins can besides grant you access to VIP features and allow you to compete with other players. furthermore, you can convert metaverse coins into veridical money. In the shell of non-fungible tokens ( NFTs ), you can use them to verify the possession of digital assets like artworks or collectibles. There are three types of metaverse coins in the grocery store .
- Play-to-earn (P2E) games
Players engage in games and receive rewards with real-world value. The most coarse and popular type of metaverse crypto, they are besides widely available in switch over platforms.
- 3D virtual metaverses
Compared to the simple P2E games, these offer a virtual population experience. much fewer and more complex than early types of metaverse currencies, these virtual realities are worth billions of dollars. These can besides serve as platforms for P2E games.
- Metaverse platforms
These include the blockchains that serve as the basis of 3D metaverses. Like any investment, metaverse coins need stopping point study to determine whether you ’ re making a good investment. One of the things that investors consider is the asset ’ south market capitalization .
Why is Market Capitalization Important?
In traditional investment, market capitalization ( or merely market ceiling ) is the full dollar value of a company ’ mho outstanding shares of stock. In the case of cryptocurrency, it ’ s the sum dollar value of all the mine coins. To compute the grocery store cap, multiply the total number of mined coins by the current price of a individual coin . The importance of market cap is that it measures a cryptocurrency ’ south value, provides a more detailed overview of a cryptocurrency, and compares its value across other cryptos. ultimately, these can lead stakeholders into making more informed investment decisions. This besides allows them to determine the likely growth of a cryptocurrency and its volatility relative to others. The bigger the market detonator, the stable the investment. In contrast, coins with smaller currencies are more explosive. still, it ’ mho significant to know that cryptocurrencies are generally explosive and can fluctuate dramatically. With that in mind, let ’ s now look at the 15 top-performing metaverse coins in the market nowadays.
Best Metaverse Coins by Market Cap
Market cap: $ 5.14 billion Price: $ 2.81 A contribute metaverse coin, Decentraland offers a 3D world that users can access for free on a browser. Its active ecosystem is home to countless businesses. Users create everything in this metaverse reality, from scenes and establishments to entire villages and space adventures. Using the nominal MANA, players can buy, sell, or trade parcels of LAND ( a non-fungible digital asset ). Over the past year, MANA ’ randomness price has gone up by over 4,000 %. Tokens.com purchased virtual estate on the platform for $ 2.5 million, while Decentral Games, a popular Decentraland platform raked in over $ 7.5 million in tax income in equitable three months. Following Facebook ’ s shift to Meta, MANA has besides reached an all-time senior high school last class.
Market cap: $ 4.20 billion Price: $ 3.95 The Sandbox is a virtual bet on world where users can create gambling experiences and monetize their content. It ’ sulfur one of the most popular platforms in the market, clearing a hundred sales every minute. Players can use sandpaper tokens within the metaverse to purchase digital goods and participate in P2E. They besides get the opportunity to truly own anything that they collect in the game. The Sandbox is a premier option for those who are venturing into virtual substantial estate of the realm. Like MANA, SAND ’ s price went up by over 900 % belated end year. In the lapp period, the platform besides sold over $ 144 million in gross merchandise respect. Adidas then announced a partnership with Sandbox, while SoftBank Vision Fund 2 led a fundraiser that raised $ 93 million of investments into the chopine.
Market cap: $ 3.54 billion Price: $ 3.54 theta is the world ’ mho first gear video streaming decentralized application ( dApp ). A cryptocurrency and a television delivery ecosystem, it seeks to address the hapless timbre and inefficiency of the traditional video streaming sector. THETA coins world power the Theta ’ second network. Coin holders can verify their transactions, secure the blockchain network, and make changes to the network through community vote. Theta Network ’ s active agent drug user base continues to grow following its partnership with Google. THETA is besides included in crypto social intelligence LunarCrush ’ s top ten-spot coins. furthermore, the platform has had partnerships with NASA, Katy Perry and ONE Championship, among others. meanwhile, corporate heavyweights like Samsung NEXT and Sonny Innovation Fund have backed the Theta ecosystem.
Market cap: $ 3.43billion Price: $ 56.20 A metaverse crypto gaming pioneer, Axie Infinity is an in-browser game featuring characters called Axies. These Pokemon-like creatures are NFTs, which players can buy, breed, and trade. The game besides has a virtual real number estate, which draws non-gamers to the platform. Using the AXS currency, players can make in-game purchases, stake their coins, and participate in residential district administration. The Axie Marketplace is one of the most active in the industry. A single transaction within the game costs an average of $ 420. By September 2021, Axie has welcomed an estimated 1.5 million active players around the world, and its sales have peaked to $ 2.05 billion. then, before the end of the year, a individual diagram of virtual land sold for $ 2.5 million within the platform.
Market cap: $ 1.48 billion Price: $ 1.73 One of the longest operate cryptocurrencies, Enjin Coin is a aggressive marketplace for NFTs. Its calculate is to create advance virtual economies through blockchain engineering. Its local currentness, ENJ, correlates with the respect of NFTs within the platform. Because of this, users can melt their NFTs back to ENJ. This in turn increases the value of the NFT by scarcity principle. Enjin Coin has received meaning concern from investors. ENJ ’ sulfur price surged after rumors of a partnership with Samsung began floating about. Microsoft is besides presently working with Enjin to produce Azure Heroes, a broadcast for earning digital collectibles. recently, Enjin announced its $ 100 million-dollar Efinity Metaverse Fund, which aims to support its ecosystem partners.
Market cap: $ 678.64 million Price: $ 5.46 WEMIX is a blockchain NFT ecosystem. Like any GameFi platform, it follows a P2E exemplary and allows users to buy, sell, and trade wind NFTs. Games within WEMIX are accessible evening without a crypto wallet. Its native currency serves as an switch over between game-specific tokens. Users can bet on these tokens to earn rewards for their activities within the ecosystem. WEMIX has over 600 million users. The popularity of Mir 4, one of the games on its platform, upped the currency ’ s measure by about 30 % in November last year. With its intention to add more games and token listings with big crypto exchanges, WEMIX is only tie down to grow stronger. Online game developers like AN GAMES Co. have besides announced plans to release products on the WEMIX stage deoxyadenosine monophosphate well.
Market cap: $ 661.46 million Price: $ 0.3389 Worldwide Asset exchange asserts itself as the most climate friendly blockchain for NFTs. Its focus is on video games and entertainment collectibles. With the chopine ’ s intuitive interface, users who are not familiar with blockchain can still use it efficiently. WAX holders can use the nominal to validate their crypto transactions, pay up for ache abridge fees, and buy and trade virtual assets on the chopine. The demand for more NFT-focused tokens has catapulted WAX into a clear performer in the crypto universe. In fact, it ’ s the most use game blockchain, clearing 15 million transactions a day. Historically, NFT sales on WAX have sold out within minutes. This has drawn many leading brands like Major League Baseball and Funko Digital Pop ! into offering their physical and digital goods through the platform.
Market cap: $ 514.31 million Price: $ 4.04 SushiSwap calls itself the home of decentralized finance ( DeFi ). The automatize commercialize maker uses fresh contracts ( a self-actualizing contract on a blockchain ) to generate a digital assets market, which allows anyone to simply swap cryptocurrencies. The SUSHI nominal gives users voting rights on community operations and an opportunity to receive a share of the substitute swap fee. SushiSwap ’ s total value locked ballooned by 990 % only a year after its launch. In the first quarter of 2021, SushiSwap reached an all-time high price of over $ 23, and sales for its digital collectibles surged to $ 2.5 billion. In partnership with dApp-focused blockchain Harmony, SushiSwap has launched a $ 4 million incentive campaign for borrowers and lenders.
Market cap: $ 398.46 million Price: $ 619.79 Illuvium is an open-world role-playing television game ( RPG ) on blockchain technology. Users journey across the crippled ’ mho landscape in search of creatures called Illuvials. The bet on uses the ILV currency, which players can earn through game performance. The currency besides allows users to participate in community administration. ILVs had a big run in 2021, increasing about continuously since the third base quarter of the year and double over in value during the last quarter. In the early parts of the lapp year, Illuvium raised $ 5 million from multiple investors to build a chopine that puts together NFTs and fantasy struggle games. One of its lead investors is venture capital fast Framework Ventures.
Market cap: $ 383.36 million Price: $ 0.07378 Metahero uses ultra-realistic 3D engineering to create avatars and digital items that people can use across games, trades, and social media. Its target demographic are celebrities, influencers, gamers, and artists. HERO is the only currency in the ecosystem. Holders and developers can use this metaverse coin for all purchases within the platform, from scanning and licensing to NFT sales. Metahero has 2.7 billion gamers across the earth. It managed to reach an all-time high of $ 0.2518 just five months after its launch. In the past, HERO ’ mho value has besides grown due to Metahero ’ s increased social media betrothal and its search ranking on data chopine CoinGecko. Metahero has besides claimed that Ferrari and Disney have made consumption of its services.
Market cap: $ 382.20 million Price: $ 0.001946 radio Caca is the Universal Metaverse ’ mho ( USM ) native currency. USM is a three-d world where players can own lands, build establishments, and develop their own games. They can even travel around the virtual planet. Using RACA, players can cultivate lands, resources, and NFTs in the USM. With more investors seeking metaverse tokens, RACA is the ideal coin. In June last class, Maye Musk partnered with Radio Caca to create 500 Maye Musk Mystery Boxes. The NFT sold out within 4 minutes. This calendar month, RACA collaborated with two blockchains from Turkey to hold NFT exhibitions, talks, and events on USM. E-commerce platform Shipping.io has besides included RACA as payment method.
Market cap: $ 308.80 million Price: $ 1.02 PlayDapp is a blockchain gaming platform. Players within the game collect and raise heroes that exhibit different traits. good game performance leads to rewards in the shape of tokens, digital assets, and runes. The PlayDapp ecosystem uses the keepsake PLA to buy and trade NFTs. Game developers can besides earn PLAY tokens from every in-game purchase. Well-renowned companies, like Samsung and LINE, have already partnered with PlayDapp. The metaverse platform has besides announced a project that would bring the benefits of PlayDapp to a P2E game service. recently, the metaverse has signed a partnership cover with boyfriend korean company IT Solutions for Business. Their common goal is to penetrate the north american english market.
Market cap: $ 298.12 million Price: $ 12.42 Starting from a little NFT platform, Vulcan Forged has expanded into a game studio apartment, marketplace, and multi-dApp platform. It is home to more than 10 games, 20,000 communities, and five best NFT marketplace volumes. Vulcan Forged uses the PYR token, which users can buy or sell, earn through play, or stake in VulcanVerse land and early assets. In December 2021, the PYR coin reached an all-time senior high school at $ 49.74. While it experienced an all-time moo this January, it quickly rebounded after the Elysium testnet launch, the limited list of 100 land plots in VulcanVerse, and the achiever of VulcanDex. Vulcan Forged has besides partnered with Merit Circle, a decentralized autonomous arrangement that invests in P2E games and lends NFT assets to players.
Market cap: $ 291.72 million Price: $ 0.5073 Chromia is both a blockchain and P2E platform for build dApps. It uses a blockchain terminology that allows developers to program and code apps faster. Chromia ’ s standard platform currency is CHR. It ’ s used for system-wide purposes, including paying host fees and providing users a stake in the Chromia ecosystem. A growing interest in the metaverse late last class bumped up CHR ’ s measure to an all-time high of $ 1.50. Along with My Neighbor Alice and Mines of Dalarnia, Chromia besides announced the inauguration of a Metaverse Grant Program worth $ 80 million. The company behind Chromia has besides launched a mentorship program for 2022, which aims to develop the next generation of blockchain invention.
Marketplace: $ 254.47 million
Price: $ 2.95 output Guild Games is a P2E bet on ecosystem that gathers players through blockchain based economies. It operates on a lend economy ; through a eruditeness program, YGG invests in NFTs and rents them to players who don ’ t have money upfront. club members can then use these assets in rally for in-game rewards. YGG ’ s native nominal allows investors to participate in community administration. Thanks to the coronavirus pandemic, more people became tidal bore to participate in P2E games. stopping point year, YGG token sales sold out for $ 12.49 million in 31 seconds. YGG was besides able to double the phone number of scholars under its cellblock. In July 2021, YGG scholars produced more than $ 3.259 million in send revenue—its highest monthly gain yet .