Top 5 Metaverse Coins
In addition to NFT tokens and meme coins, Metaverse is gaining a lot of attention in the crypto market. Today, CryptoSiam will take its readers to see which of the top 5 Metaverse coins with a market capitalization of more than $1 billion have.
Table of Contents
- 5th place WEMIX (WEMIX) – $1.9 billion
- 4th place Enjin Coin (ENJ) – $2.4 billion
- 3rd place The Sandbox (SAND) – $3.1 billion
- 2nd Place Decentraland (MANA) – $5.8 billion
- No. 1 Axie Infinity (AXS) – $8.1 billion
In addition to NFTs tokens and meme coins, Metaverse is undoubtedly gaining a lot of attention in the crypto market. Today, CryptoSiam takes readers to take a look at the top 5 Metaverse coins. What are the first coins with a market capitalization of over $1 billion? By market capitalization from lowest to highest
5th place WEMIX (WEMIX) – $1.9 billion
WEMIX is a blockchain game of WEMADE, a South Korean gaming company. A veteran in the mobile gaming industry, WE MADE has been in business for over 20 years, with some of its games reaching more than 500 million downloads.
Unlike other Metaverse projects that started out as crypto tokens, WEMIX was built on the grounds of blockchain gaming where users can search, buy and sell Non-fungible tokens (NFTs). WEMIX has a list of blockchain games that users can now download via Android or the Apple App Store, although the game has been criticized for its bugs but understandable because the game was released recently.
Overall, most of WEMIX’s popularity comes from South Korea. Considering the trading volume it was found that most of the trading volume comes from Bithumb, a South Korean cryptocurrency exchange. As a leading mobile game development company, WEMIX could be seen as a leader in the Metaverse sector, with a market cap of $1.9 billion and a 24-hour trading volume of $323 million very much.
4th place Enjin Coin (ENJ) – $2.4 billion
Another Metaverse project that has received a lot of attention recently is Enjin, an all-in-one platform that allows users to create assets and use them in dApps. Enjin has previously positioned itself as a leader in NFT by creating a high-use market. This is full of rare NFT tokens. At the time of writing, there are over 17,000 non-fungible tokens (NFTs) on the platform which shows the true scale of Enjin’s ecosystem.
Enjin has established itself as a strong player in the cryptocurrency space. Enjin has also proven to be able to beat the trend and establish you as the top competitor time and time again
In the latest announcement, Enjin mentioned a new blockchain that will allow developers to join the Metaverse system, dubbed Efinity, which will allow inventors of the metaverse to reach users in a decentralized network that is on the go keep growing both existing and in the future
Overall, Enjin has good long-term prospects especially considering they put a lot of emphasis on Metaverse.
3rd place The Sandbox (SAND) – $3.1 billion
Which is a virtual world where players can buy land and can customize various assets One of the main reasons why SAND is so popular is Amazing gameplay footage this includes the fact that many well-known companies have invested in SAND. For example, in early November Softbank announced it had invested $93 million in The Sandbox. Additionally, The Sandbox recently announced that the alpha version of their game will be released on November 29 and will take 3 weeks for users to experience the Sandbox Hub. Overall, this is the most-watched Metaverse project on the market, so The Sandbox could be a great long-term holding option.
2nd Place Decentraland (MANA) – $5.8 billion
Another multiplayer favorite is Decentraland, a fully functional virtual world that allows players to visit different hubs and interact with the Decentraland Metaverse.
Decentraland is a virtual world on the Ethereum blockchain where players can create characters. Buy things and buy land using MANA tokens. The great thing about Decentraland is that users can earn money from the land through renting ads.
No. 1 Axie Infinity (AXS) – $8.1 billion
The most marketable Metaverse project at the moment, Axie Infinity, is a Pokémon-inspired NFT game. This allows users to breed and upgrade their Axis.
AXS, or Axie Infinity Shards, is a token of Axie Infinity, an Ethereum blockchain game built on the ERC-20 system. NFT Games and Cryptocurrencies caused its popularity to increase rapidly.
Axie Infinity’s popularity has grown exponentially this year, allowing Axie’s sales revenue to increase from $100,000 in January to $2 billion. Axie Infinity has also become ranked NFT collectibles. one in the world right now There are over 600,000 traders trading Axie Infinity NFTs, with more than 4.88 million transactions and more than 1.5 million daily active users. In addition, it is expected that in the first half of 2022 there will be a launch of the battle phase of the game which creates a lot of excitement among the players if already launched there is also a chance that AXS will have a significant increase in the number of users which also leads to higher valuations.
DISCLAIMER: Investing in digital assets involves high risk and volatility. The views and opinions of the authors are for informational purposes only. It does not provide any financial information, investment, or other advice. Investors should always study a combination of factors and control their risks.