CNBC contributor and CEO of digital currency investment firm BKCM Brian Kellythree that it believes have high potential in 2022. metaverse altcoini named it.
In a new episode of Fast Money, Kelly thinks the three altcoins will rise in value as their virtual worlds become more popular.
a virtual reality platform Decentraland (MANA) Talking about it, Kelly thinks that the crypto-asset could rise to copy the upward trajectory of social media giant Facebook’s stocks.
“You can buy real estate in the Decentraland world, you can open a store there by buying shop windows, you can do many different things virtually. The currency used in this world is of course the local token MANA.
And of course, what we need to remember here is the “network effect”. Decantraland could follow a similar path to Facebook’s growth that caused the price of its shares to rise. As these virtual worlds grow, the underlying currency must grow to serve the underlying economy.”
Decentraland, which has gained over 4,200% in the last 12 months, is trading at $3.38 at the time of writing.
Next up is Axie Infinity (AXS), a decentralized gaming universe where players can own, buy, sell and trade digital assets earned from their participation. According to Kelly, AXS will enjoy upside potential if the ecosystem continues to grow.
“Actually, this is a game, a game based on the logic of play to win. This year he really hit the scene like gangsters. And it’s all about the network effect. As this game continues to grow, the value of the base currency (AXS) will increase with this network.”
AXS is trading at $96.62 at the time of writing. Axie Infinity’s native token has increased by an average of 18,000% over the past 12 months.
The next crypto asset is Sandbox (SAND), a gaming ecosystem on the Ethereum blockchain, a virtual universe where participants can share and monetize NFTs and gaming experiences. Kelly thinks SAND will rise as the sandbox virtual world gains more popularity.
“As this network grows, the currency will tend to grow with it to serve the underlying economy.”
The Sandbox’s native token SAND is trading at $6.10 at the time of writing. SAND has increased by over 16,800% over the past year.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.