Bitcoin (BTC) managed to regain the $23,000 region again after a five-month hiatus. Meanwhile, various altcoins and metaverse coins are displaying significant strength. In this article, let’s take a look at 10 coins with high expectations.
The best metaverse coins to stand out in 2023
Decentraland is a metaverse coin project that allows users to purchase their own virtual land and create 3D experiences that can be monetized in various ways. There are few limits to what can be built within the Decentraland metaverse, resulting in a vast virtual world that can be freely explored by players. All plots are bought and sold as NFTs on the platform’s integrated platform. Each parcel covers an area of 256 square meters, with a total of 90,000 parcels.
Among the largest metaverse coins, Decentraland is one of their major projects on Web3, with a market cap of around $10 billion at the ATH level. Over time, the project is expected to grow in popularity and become a central hub for immersive 3D experiences in the metaverse.
The token, which peaked at $3.28 in 2021, is now trading in the $0.7396 region. MANA is expected to regain its all-time high in the next few years, making it a great investment at its current price level.
ApeCoin is the metaverse coin used to power the APE Ecosystem. The project was inspired by the Yuga Labs NFT project Bored Ape Yacht Club (BAYC). First of all, ApeCoin is a decentralized autonomous organization (DAO) with participants at the forefront of Web3. The project aims to drive Web3 development by allocating industry-wide resources and building new projects for the APE ecosystem. The APE token is used to vote on management proposals and all actions are taken by an elected board on behalf of the community.
APE is a relatively new metaverse coin released in 2021. The project has a large and dedicated community that supports a decentralized future built on Blockchain. The APE ecosystem is constantly expanding and looks set to become a major DAO in the coming years.
For now, APE is worth only ApeCoin (APE) dollars. It’s a metaverse project that could turn out to be a great investment at this price point, as the APE token could see some big gains in the coming years.
MANA is a Layer 2 scaling solution for Ethereum that enables the creation of decentralized applications (dApps). Transactions on the Polygon network are fast and transaction fees are low, allowing dApps to support large numbers of users without sacrificing performance.
Besides that, the Polygon network is a popular destination for metaverse projects such as P2E games. Because blockchain-based games rely on a large number of user transactions, Polygon’s high transaction throughput and near-zero network fees make it an ideal choice for game developers.
MATIC is the native token of the Polygon ecosystem. It is used to pay transaction fees and reward validators for supporting the infrastructure. Polygon is also one of the largest Blockchain ecosystems and has an important function for Ethereum. While Ethereum has historically been criticized for its scalability issues, Polygon can help expand the capabilities of the network and improve the overall user experience for dApps in the Ethereum ecosystem.
Metaverse coins face a new competitor: Shiba Inu (SHIB)
Shiba Inu is one of the most popular meme coins in the crypto market. It has also attracted a large and dedicated follower base since last year. Prepared for the Metaverse coin market, Shiba represents a fun and accessible way to join the Blockchain ecosystem. The project now aims to introduce a new utility for its users, including a Shiba-inspired metaverse project that can connect community members in virtual reality. cryptocoin.com We have included the details in this article.
The anonymous founder of Shiba Inu announced the development of a Tier 2 scaling solution called Shibarium for the Shiba Inu. Shibarium will bring faster and cheaper transactions than currently possible on Shiba Inu’s Ethereum-based Layer 1. The community hopes that more and more dApps will be built on Shibarium that can bring more and more benefits for token holders.
Shiba Inu now offers token holders the ability to interact on the metaverse and explore NFT art galleries, as well as benefit from a variety of DeFi products. Once Shibarium is launched, the scope and scale of service in the Shiba Inu ecosystem will be similar to other major Blockchains.
Most meme tokens offer little to no benefit. Shiba Inu is changing the game for meme coins and it could be of great benefit.
Sandbox is a metaverse coin project that allows users to create games and online experiences in an expanding virtual reality world. User-generated content (UGC) is the foundation of the game, and P2E mechanics reward players for discovering and playing games created by other users.
Games can be printed as NFTs and traded using SAND in the platform’s marketplace. SAND, The Sandbox’s native token – is the barter for all transactions and can be used to vote on governance proposals in The Sandbox DAO.
Games that prioritize UGC have long been extremely popular. The most famous example of a UGC game is Minecraft and Sandbox has been described as similar for several reasons. Both games allow players to build anything they want using the tools provided in-game; however, Sandbox differs by allowing all users to own their assets and monetize their creations.
Cryptocurrencies to watch out for this year
The top-ranked Bitcoin is pinning its price above the critical $20,000, leading the market to rebound. Currently, the bulls are attempting to hold the support above the $21,000 level. Notably, Bitcoin’s bullish action pushed it to a four-month high on Jan. 17, and while analysts note that the bulls are under tight control, BTC remains among the cryptos to buy for the weekend.
Ripple, on the other hand, is benefiting from the general market sentiment, although it has not found a bullish trigger from the ongoing SEC litigation. XRP can look forward to building on the news that Ripple continues to expand globally despite US regulatory scrutiny.
Currently, XRP is trading above the $0.40 resistance, making the token an ideal asset to buy over the weekend.
Kava, a layered blockchain, has been experiencing an uptrend line in recent days and stands out among altcoins with its price boom. Backed by network development, KAVA also rose after crypto exchange Coinbase announced that the token was listed on the platform. The Kava community will be hoping that the listing of Coinbase will trigger organic growth for the platform.
Part of the ongoing development focuses on building KAVA’s PoS Blockchain, which aims to revolutionize the DeFi space. On the weekly chart, KAVA has rallied over 30% and is currently trading above $1.00.
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