The metaverse is one of the latest technologies in the blockchain industry that lets users access virtual reality worlds for various reasons. The metaverse idea is futuristic, creating various possibilities of blending the physical and alternate worlds.
At the core of any metaverse project is its crypto asset. These metaverse coins enable transactions, including payments for virtual properties and products. Metaverse cryptocurrencies are also used to incentivize users on their platforms. As the metaverse buzz continues, let’s look at the best metaverse coins to consider in 2024.
Understanding Metaverse Tokens
As the name suggests, metaverse coins or tokens are digital currencies within metaverse platforms. Usually, these are gaming platforms where players can connect and combat each other. However, there are also metaverse platforms for education, entertainment, and even work.
To access these metaverse channels, users need to first obtain their unique tokens. These metaverse cryptocurrencies are used to pay for in-game items, including avatars, virtual tours, and wearables. Token holders can also stake their coins for periodic passive income and participate in the ecosystem’s governance.
Additionally, metaverse tokens are available for trading on cryptocurrency exchanges, allowing users to buy, sell, and invest in them.
Best 7 Metaverse Cryptocurrencies in 2024
Now that you understand metaverse tokens, it’s time to review the best metaverse crypto tokens that may be worth giving a shot in 2024.
Render (RENDER)
Despite not having its proprietary metaverse platform, Render is one of the most popular tokens in the metaverse market. The Render Network was the first to build a decentralized graphic processing unit (GPU) platform where digital creatives combine to contribute computational power for their 3D rendering projects.
This 3D rendering powers virtual reality games within the crypto metaverse. The RENDER token is the platform’s utility coin. The ERC-20 token is used as a means of exchange and for the network’s developers to pay for animation, motion graphics, and video rendering on the network.
The coin is currently trading at around $5, with over a 190% increase in the past year.
Decentraland (MANA)
Decentraland is arguably the most popular crypto metaverse gaming platform. The 3D virtual reality platform gamifies real estate investment by creating a decentralized virtual economy where people can buy, trade, and invest in digital plots of land.
The virtual plots of lands and other collectibles on Decentraland are converted to non-fungible tokens (NFTs), creating unique ownership structures.
Regarding its market performance, MANA has been leveraging the ongoing bullish trend in the market. The metaverse token is trading at around $0.3 per unit, and its value has increased by nearly 15% in the past month.
The Sandbox (SAND)
The Sandbox is another famous metaverse crypto gaming project that infuses real estate into its offerings. The multiplayer play-to-earn (P2E) game creates a virtual environment where players can build anything they want and sell their assets.
However, the platform’s P2E model makes it very rewarding for players. For instance, you can earn SAND, The Sandbox’s utility token, by creating assets and selling them or participating in in-game quests.
SAND is trading for about $0.27, up by nearly 9% in the past week.
Axie Infinity (AXS)
Trading at around $4.7 per token, Axie Infinity (AXS) is another metaverse cryptocurrency to watch. The AXS price has increased by nearly 6% in the past month, and the coin is currently experiencing a bullish trend.
Besides its market performance, one exciting thing about Axie Infinity is its battle game. The metaverse game creates a virtual battleground where players can have fun, collect in-game items, and trade NFTs.
Floki (FLOKI)
Floki’s Valhalla NFT Metaverse is one of the latest virtual crypto gaming metaverse. The platform features tactical battles, quests, and real-time human interactions.
Valhalla is powered by the FLOKI token. The metaverse coin is used to reward players and pay for in-game materials.
The FLOKI token has had a massive run in 2024. The coin is one of the crypto market’s top gainers, with a price increase of around 700% within the past year.
ApeCoin (APE)
ApeCoin is not precisely a metaverse coin, but it is heavily tied to such virtual reality crypto projects. The coin was created to support the development of the metaverse ecosystem, starting with the renowned Bored Ape Yacht Club.
Today, APE is one of the most popular coins used in the Yuga Labs’ “Otherside” metaverse project. This is no surprise since the company created ApeCoin.
At the time of writing, APE is valued at around $0.7, but the coin has been on a decline in the past few weeks. Nonetheless, it’s a metaverse token worth paying attention to.
Stacks (STX)
With a one-year price increase of about 160% as of October 2024, Stacks is another top-performing metaverse token that has been flying high in the crypto market. The Layer-2 solution was created to help applications and smart contracts on other blockchains to connect with Bitcoin. Its affiliation with Bitcoin, the world’s largest crypto, has caused a massive interest in Stacks among investors.
Conclusion
Despite the recent decline in hype, the metaverse remains a crucial aspect of the cryptocurrency world. With exciting games and other virtual reality opportunities, these projects and their metaverse tokens will continue to redefine asset ownership and the broader crypto economy.
However, before investing in any metaverse coin, do your due diligence and find projects that best align with your goals.
Zypto Offers Secure Wallet Solutions for Your Metaverse Coins
The Zypto DeFi Wallet is an efficient tool for storing and managing your cryptocurrencies, including metaverse tokens. The non-custodial wallet offers you complete control over your funds, and it works seamlessly with dApps and DeFi platforms.
Which of the metaverse coins in this article piques your interest the most, and which is your least favorable? Let’s have some thoughts below.
FAQs
Can you buy metaverse coins in the US?
Yes, you can legally purchase any metaverse coin of your choice in the USA. No regulatory framework explicitly says otherwise as of the time of writing this post.
What is the top metaverse crypto in 2024?
Many metaverse coins have been performing well in 2024. However, the top-rated options include Render (RENDER), Axie Infinity (AXS) , and Decentraland (MANA).
Where can you buy metaverse coins?
Like other cryptocurrencies, metaverse coins are available on various exchanges. You can purchase your favorite options on any reputable crypto trading platform.
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