Cryptocurrency markets have somewhat recovered from this weekend’s sell-off, with several projects showing significant growth over the past 24 hours. Some Metaverse and NFT projects have challenged the market, with gains of over 45 percent today. This indicates plenty of momentum and bottom-line traders are ready to buy the dip. We, as KoinFinans, examined the two most profitable metaverse cryptocurrencies.
Launched in December 2020 Monavale (MONA)is a CC0 (Creative Commons) enabled Web3 fashion and metaverse project. As the name suggests, this platform is a platform for the metaverse that includes digital fashion as well as physical fashion items that users can purchase on the website. In other words, Monavale is a fully decentralized, forkable, and self-managing protocol stack built specifically for the metaverse.
The project’s primary token is MONA, which is the main service asset for the DIGITALAX ecosystem and platform. In addition, Digitalax has a diverse marketplace, including physical fashion, digital fashion and unique metaverse boutique designs.
Movale’s Fashion NFTs include DeFi staking functionality, a 3D resource file that users can modify and review, and a one-of-a-kind partial clothing ownership (FGO) system.
DIGITALAX designers, developers, modders, gamers etc. It is a community of crypto enthusiasts. The team maintains a regular program of active communication and is easily accessible through various social networks. The guiding principle of the Community is decentralization. The official technical review contains the following sentence on the subject:
“The team received a 0% allocation of all tokens launched through the ecosystem to ensure the highest integrity.”
DIGITALAX is a one-of-a-kind fashion NFT platform that we recommend you check out. If you want to support independent artists in the Web3 and C00 movement, Monavale may be a must-watch platform in June 2022.
Why did it rise?
Besides the recent price increase in MONA, the positive trend in the market,
most likely the result of the team’s participation in NFT.NYC, where they showcased their products and announced a special collaboration.
Woooohhh!! #cc0 Music x Fashion Coming this https://t.co/l8CWI4DLIT! RSVP Below 👇 https://t.co/IprB3PtX1f
— DIGITALAX | CC0 Web3 Fashion Ecosystem (@DIGITALAX_) June 15, 2022
After this development, MONA, which reached $284 with an increase of over 49 percent in the last 24 hours, is trading at $245 with an increase of 15 percent at the time of writing, preserving some of its earnings. With a market cap of $2.8 million and a 24-hour trading volume of $57,000, this metaverse coin has a very low market value compared to its content, making it a cryptocurrency to be watched closely.
Render Token (RNDR) price increased by over 45 percent
The second metaverse cryptocurrency project, which is experiencing the biggest rise today, is the one that has gained over 45 percent in the last 24 hours. From Render Token (RNDR) not someone else.
Launched in June 2020 Render Token (RNDR)as the name suggests, is a crypto project focused on providing a decentralized GPU-based processing solution while using blockchain technology to revolutionize the digital creation process.
Render Network’s vision is to democratize GPU cloud rendering by creating an efficient, scalable and robust rendering network. The goal of the project is to provide tools and rendering capability for GPU-intensive operations such as animation and video.
If you’ve ever tried uploading 4K 60FPS gameplay videos to YouTube, you know that it can take hours to render, depending on your system type. Render Token aims to shorten the time it takes for creators to create quality videos using a distributed network of nodes.
If you want to learn more about Render Network’s services and become a node, you can fill out the form on the website. If you have a powerful GPU and want to use it while earning rewards, you might consider checking out this project.
Render Network’s native service asset is RNDR, the leading digital asset behind Render Network. RNDR, as the primary service token, allows for the decentralized creation of 3D assets.
RNDR; KuCoin, Huobi Global, Gate.io, Poloniex, Phemex, Coinbase, Binance, FTX, Gemini etc. It is a cryptocurrency available on popular exchanges.
Why did it rise?
Like Movale, the Render Network team joins NFT.NYC to showcase their products and ecosystem to investors.
PSA: A few of our #render team members will be attending #NFTNYC2022!
We’ll have some cool giveaways for artists throughout the week!✨
Look out for a list of events that we’ll be attending and make sure you come out and connect with us!
— Render Network | RNDR (@RenderToken) June 17, 2022
The recent price spike is also due to the market recovery, most likely due to the team’s participation in this important event that brings together crypto enthusiasts around the world.
Render Token is trading at $0.466, up about 28 percent at the time of writing.
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.