Inflation is wreaking havoc on global markets, causing Bitcoin, Ethereum and the broader crypto market to struggle with increasing bearish pressure. While the short-term outlook for the international and crypto economy looks sharp, the long-term potential of cryptocurrencies and Metaverse cryptocurrencies remains bullish.
Experienced traders who see the dip as a buying opportunity know that the market situation is an excellent opportunity for low-Dollar-Cost-Average projects with enormous long-term potential. Analyst Kyle Portman also noted that this opportunity should not be missed and announced three potential metaverse cryptocurrencies for under $1 to buy in the June 2022 bear market.
WAX (WAXP)
Unit Price: $0.085
Market Cap: $175 million
Launched in December 2017, WAX (WAXP) is a leading Metaverse, NFT blockchain and infrastructure built specifically to serve the latest dApps. The platform also features fast transactions with low fees making it the perfect backbone for DeFi and GameFi applications that require high on-chain interaction. Metaverse platform with a strong crypto games ecosystem; It hosts the most popular games on the market, including games like Alien Worlds, Mining Network, Splinterlands, Farmers World.
Extremely user-friendly, WAX has a one-of-a-kind WAX Cloud Wallet that integrates all aspects of the ecosystem. This means users no longer need to install Chrome extensions like Phantom or MetaMask to access their favorite apps, making it extremely easy for new users.
Also, WAX has a unique approach to transaction fees and users do not have to pay gas fees. Instead, users benefit from three resources on the blockchain: CPU, NET, and RAM. Users can access these resources by staking WAXP tokens, which are native service assets on the platform.
WAXP tokens can be used to interact with various games, buy NFTs from the AtomicAssets market, etc. can be used for transactions.
The primary service asset of the WAX ecosystem is WAXP, which allows users to stake it for rewards, participate in management, purchase items, and interact with various Metaverses and games.
Compared to multi-billion-dollar valuation blockchains like Solana, WAX is quite underpriced with a current capitalization of $218 million. According to experts, the market drop could be a great time to hoard some WAXP tokens in anticipation of the next bull run.
With a market cap of $175 million at the time of writing, the metaverse coin is ranked 171st on the list of cryptocurrencies.
WAXP, the native token of WAX; Binance, KuCoin, Crypto.com, Bitfinex, Huobi etc. It is a cryptocurrency found on most major exchanges.
Mines of Dalarnia (DAR)
Unit Price: $0.29
Market Cap: $61 million
Released in November 2021 Mines of Dalarnia (DAR), is one of the analyst’s top cryptocurrencies among the Metaverse crypto games, which are priced the lowest according to their tokeneconomics. Mines of Dalarnia features a 2D platform game where users mine for resources, upgrade their characters and earn rewards through a play-to-win model.
Mines of Dalarnia is built on the Chromia blockchain, a newer chain specifically designed for Metaverse and NFT games that require lots of on-chain and smart contract interactions.
Mines of Dalarnia is 100% free to play and users can start earning rewards right away. We strongly recommend that you take a look at the game that was recently released on the mainnet. You can also create a Chromia Vault account to claim rewards and even cash them out.
Mines of Dalarnia’s primary service asset is the DAR token with both BEP-20 and ERC-20 versions on the BNB and Ethereum chains. The primary utility of DAR is to buy land in the Metaverse, upgrade characters, claim bounties, etc. includes.
With a current market cap of $61 million, DAR is undervalued for its availability and the project is a must watch in June 2022. You can check the game that has just been released and make your decision about it.
DAR, the native token of Miles of Dalarnia; PancakeSwap, Gate.io, Binance, Crypto.com etc. It is a cryptocurrency available on popular exchanges such as
Decentraland (MANA)
Unit Price: $0.831
Market Cap: $1.5 billion
First released in February 2020 Decentraland (MANA), the original Metaverse target=”_blank” unit and the best known Metaverse crypto game in this emerging industry. Currently the highest valued Metaverse coin with a market cap of over $1.5 billion and a favorite of most traders, Decentraland features a 3D blockchain-based metaverse that allows players to purchase land and explore the virtual universe.
Offering both an in-browser and desktop client experience with hundreds of places to visit and explore, the platform offers casinos, concerts, galleries, etc. A variety of experiences are available, including things
Decentraland’s most popular attractions include Decentral Games casino, Wonderland Mining Game, virtual mini golf, etc. activities can be counted. Decentraland is completely free to explore and users can connect to the platform via their browser and a compatible wallet like MetaMask. Decentraland also has the most active LAND and NFT market with thousands of options.
The game is built with the Unity engine, which makes it easy to run on any device. Having the most popular metaverse with the most users, the platform offers dozens of activities for users to enjoy. There are several ways to start earning bitcoin on Decentraland, including play-to-win games. If you’re looking to earn some free NFTs and crypto, we recommend checking out Decentraland’s Metaverse.
It also includes Decentraland, one of the most popular virtual real estate markets on OpenSea. But Decentraland lands are at an all-time low as the current bear market has hit the markets hard.
A plot of land in Decentraland can be purchased for as little as 2.2 ETH (about $2.7k at the time of writing).
Investors anticipating the market downturn are now considering this as the time to buy virtual real estate, compared to previous prices of over $10,000 for a single plot of land in Decentraland.
Decentraland’s primary service asset is MANA, an ERC-20 token on the Ethereum blockchain. Users can buy wearable NFTs, claim rewards, access special events, etc. can use MANA for
Any investor who wants to bet on the future of NFTs and the Metaverse should have at least some MANA on their wallet.
MANA, Decentraland’s native token; Gate.io, Binance, Gemini, Coinbase, LBank etc. It is a cryptocurrency available on popular exchanges such as
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.