There is a good reason to invest in metaverse coins. Research groups say the Metaverse will be worth $800 billion or more by 2030. These prospects make Metaverse one of the biggest technological growth trends of the 2020s. The metaverse trend is still extremely young, too. Facebook rebranded itself as Meta in a recent October 2021. So it is possible to enter this field very early. So how will you invest?
Should you invest in Metaverse coins?
There are many benefits to investing in Metaverse coins, But the Metaverse is not a singular digital world. So there are many metaverses you can invest in, and which one you invest in is very important. The two most popular Metaverses in the cryptocurrency space are currently Decentraland (MANA) and The Sandbox (SAND). Both Mana and SAND refer to native tokens for their respective Metaverse platforms. These allow users to purchase digital real estate, among other things.
The good thing is that since Metaverse is new, the number of people investing in Metaverse coins is also small. Even the most popular MANA and SAND have not yet reached their full potential. It is possible to buy many things with them, as we mentioned above. An outfit or real estate are just a few examples. As more people join these platforms and spend tokens in the future, the price of MANA, SAND and others will increase even more. As a result, it is quite possible to see them as a good investment.
How to invest in Metaverse coins?
However, investing in metaverse cryptocurrencies is difficult. Because it’s almost impossible to know which platform will eventually get the most adoption. They’re not all the same, so meticulous research is required before investing. The improvement of user data does not mean that the value of Metaverse coins will increase. According to DappRadar, from November 2021 to June 2022, user metrics increased steadily. However, the price of MANA , a Metaverse coin, dropped more than 80% over the same period.
Investing in metaverse coins means high risk, just like cryptocurrencies. The same goes for NFTs. NFTs represent digital ownership of assets such as pictures, music, tickets and more. Owning digital ownership on a Metaverse platform will be valuable one day. However, it is extremely difficult to predict when that will happen. Investors will benefit from focusing on real-world companies that generate revenue from the metaverse trend. However, in this article, we will focus on Metaverse coins with bullish potential.
Which Metaverse project should you invest in?
Decentraland (MANA) is one of the top Metaverse cryptocurrencies by market cap. The token was among the top performers in the November 2021 cryptocurrency rally. However, it has since lost a lot of value and is currently trading below $0.80. This makes it quite affordable for most investors. Also, MANA is likely to explode as South Korean news hits the market.
If you want to invest in metaverse coins, this is among the best options. Because it is very large, it is possible to access it from many places. You don’t even need to know much about the cryptocurrency world if you want to buy MANA. MANA is currently traded on many cryptocurrency exchanges, and it is enough to become a member and deposit money on these exchanges and buy it.
Sandbox (SAND) is another big player for those looking to invest in Metaverse coins. Like Decentraland (MANA), Sandbox (SAND) is a well-known and widely accepted platform. SAND is one of the largest Metaverse cryptocurrencies. It also has a growing gaming ecosystem and other virtual assets like NFT. This puts it among the assets that are worth buying at current prices. Like MANA, the SAND token is traded on many major cryptocurrency exchanges.
Axie Infinity (AXS)
Axie Infinity (AXS) is one of the fastest growing play-2-win ecosystems in crypto. It is quite old and has one of the most expensive NFT collections on the market. With the deepening P2E Metaverse, Axie Infinity can achieve very good growth rates in the long run. In the short term, as interest in Metaverse coins increases, their price will rise. One of the things that gives Axie Infinity the potential to recover is its proven resilience, even during adverse events. You can find it on Binance and Bitpanda.