Investing in Cryptocurrency, NFT, or Metaverse Tokens: Which One is Profitable?

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2 years ago

The Crypto market has started showing improvement. The currency BTC price is $44,226 and ETH is $3,145. While this is still too low compared to the all-time high price, we can see the market has gained some confidence. The total market cap has once again crossed 2 trillion, and the 24 hours trading volume was $106 billion in 476 Exchanges (the number is based on CoinMarketCap data)

Even though there are over 18,463 cryptos (according to CoinMarketCap), BTC dominates the market with 41.9 percent and ETH with 18.8 percent. Based on the market dominance, I would like to ask a question, “Do you think investing in other cryptocurrencies is still profitable?”

Cryptocurrencies are not the only digital asset in the world of cryptography and blockchain, there are Metaverse Tokens with a market cap of $33 billion, and $8 billion trading volume in 24 hours.

Then there are NFTs. According to Bloomberg, NFT market surpassed $40 billion in 2021, and it is expected to grow further. OpenSea alone is estimated to be $13.3 billion in market value. OpenSea is the largest NFT marketplace but there are numerous NFT marketplaces. A site called golden.com estimates the number of NFT marketplaces to be 180. 

For a small investor, this is so confusing. What do you think is more profitable?

Start Investing in Metaverse Before it is Too Early

A metaverse is a virtual world where you connect with people and engage in various activities just like in the real world. A metaverse is closely related to the real world in terms of what you can do but everything exists only in the network of 3D virtual world and augmented reality. In the world of metaverse, you use metaverse tokens for buying virtual goods. In the real world, you trade with fiat money, likewise in metaverse, you facilitate transactions with metaverse tokens. Metaverse tokens are a virtual currency you can use in metaverse for digital transactions.

Just like crypto coins and crypto tokens, or even NFT, metaverse tokens are also available for investment. Metaverse is still in early-stage but the metaverse tokens are already getting very popular. In fact, metaverse token market cap has already reached 32 billion USD. According to Coin Market Cap, there are 208 metaverse tokens. If you want to invest in something other than cryptocurrencies, crypto tokens, or even NFT, you can try metaverse tokens.

The highest-priced metaverse token is called ILV, which is a native token of Illuvium, a game built on Ethereum blockchain.  At the moment ILV is priced $607. However, the top metaverse token by market cap is MANA, which is a token of Decentraland. MANA has a marketcap of 4.89 billion USD.

 4 Profitable Metaverse Tokens You Should Be Investing Right Now

Here are some profitable metaverse tokens.

Decentraland: Decentraland is a browser based 3D platform where you can buy and sell virtual land as NFT through the currency called MANA. Decentraland used Ethereum Blockchain. MANA is the bitcoin of metaverse because it tops the marketcap rank among all metaverse tokens. MANA has a market cap of 4.89 billion USD. The current price is $2.66

Axie Infinity: Axie Infinity is NFT based video game. In the world of Axie Infinity, users can collect NFT by playing the game, which are called Axies.  It has a metaverse token called AXS, which is the highest-priced metaverse token. The current price of AXS is $68.46. It has a marketcap of 4.09 billion USD.

The Sandbox: The Sandbox is a Blockchain based Sandbox game where you build your own virtual world. It is a free play-to-earn game, which means you don’t have to pay money to play the game, but in the meantime also earn tokens or NFT. The virtual currency of The Sandbox is called SAND. It is priced $3.87 billion USD.

ApeCoin: ApeCoin or APE as it is called is Ethereum based metverse token in the APE Ecosystem. The current price is $13.59 and has a market cap of 3.77 billion USD. However, a lot of people are speculating that this can be a Rug Pull.

First published on tendri, in author's name

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I love metaverse, it seems to be dominating the space, I like the atmosphere when it comes to the cryptosphere. Hope to accumulate those latest gems that are easily compatible with my non-custodial wallet application from https://atomicwallet.io/, for the future.

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