Top Metaverse Cryptocurrencies. Metaverse tokens have recently been all the rage in the cryptocurrency markets. The 2022 bear market was a turning point for the token, which had previously attracted much interest. Nevertheless, a new upswing is possible now that most tokens have recovered their vigor. To engage in Metaverse’s economy, one must use Metaverse tokens, digital currencies based on the blockchain.
With these tokens, you can buy virtual land, avatar clothing, in-game equipment, and digital art (often NFTs). The coins continue to show a considerable increase in value, and the crypto markets are becoming more assertive. The following list is the most essential metaverse crypto tokens to watch. Since January, these tokens have steadily risen and may see significant price appreciation in 2024.
Internet Computer (ICP)
Internet Computers are among the chains that intend to shake up the centralized internet by introducing a decentralized alternative. The token has destabilized the market with over $5 billion capitalization. The ICP price began the trade with a huge blast and marked a new ATH at $750, followed by a bearish pullback.
Top Metaverse Cryptocurrencies: The token experienced a massive influx of volume in the past few weeks, which has propelled the price by over 55% since the beginning of the year. The price appears to have risen over the bearish influence, and once the price breaks the barrier at $18 to $20, a fresh ascending trend may be triggered to reach beyond $50 soon.
Stacks (STX)
Stacks, Bitcoin’s smart contract layer, allows users to use Bitcoin to create smart contracts and decentralized apps. This platform has the key to $500 billion of Bitcoin, stored in Layer 1 settlement. From its lows below $0.5, the price initiated a substantial upswing and marked a fantastic upswing of more than 380%.
Despite getting close to the neckline and completing a double-bottom pattern, the STX price could not break through the critical barrier. While bears work diligently to establish a nice downward trend, the price sees a minor setback. However, if the market’s behavior changes slightly, the price may restart its remarkable ascent and recapture above $2.
Axie Infinity (AXS)
Axie Infinity is a user-owned and operated game platform built on the blockchain. The platform’s users can amass, breed, nurture, fight, and trade Axies, creatures based on tokens. In line with market sentiment, the AXS price has increased by more than 160% over the last several months and may continue its strong ascent.
With a significant increase in trading volume, the token’s volatility has finally increased after a long period. This caused the price to approach the highs of 2023, which were $12, but it failed to reach those levels. The selling pressure is gradually diminishing, and the bulls show tremendous resilience despite the rejection. So, in 2024, the price could go above $15 with a slight increase.
The SandBox (SAND)
During the later part of the 2021 bull run, the SandBox started trading and reached incredible heights. A blockchain-based virtual environment where players may design, construct, purchase, and sell digital goods within the context of a video game. The platform is robust for the gaming community and integrates DAO and NFT functionalities.
Top Metaverse Cryptocurrencies: The price of STX has recovered sharply from its lows and shown a 140% increase, following a protracted negative trend. The bears put a lot of effort into dragging the price down, but the bulls are using all their strength to preserve the support. The SAND price is anticipated to climb beyond $1 and reach new highs as bullish momentum resumes.
Decentraland (MANA)
The Ethereum-powered virtual reality platform Decentraland lets users build and enjoy monetizable content and apps. The platform’s native tokens are MANA and LAND; trading in an ERC-20 token for an ERC-721 LAND token requires burning the prior token.
With an astounding increase of more than 8000% since its launch, Decentraland was once the top metaverse regarding market value. The price of MANA has increased by more than 100% in the last few months despite only a tiny increase in volume. A new upswing can be initiated to test the higher targets whenever the price exceeds $1.
Theta Network (THETA)
Users of the video-streaming platform Theta Network pool their processing power and bandwidth on a decentralized network. The THETA native token, which serves as a governance token, had a great run during the 20x rally and bull run of 2021, reaching highs of more than $10.
Bearish sentiment has persisted since the token’s price hit $15.90 when bulls could not stop selling. Despite a bullish price action that started the annual trade, bears quickly stepped in to limit the price to $1.44. The market is expected to change its attitude shortly, which might push THETA’s price up past $3.
Apecoin (APE)
With its native currency, APE, the Apecoin ecosystem seeks to encourage a decentralized community. The holders have a say in how the DAO is run and can vote on any platform enhancement suggestions. In the first few weeks after launch, the token’s price soared to over $39 due to its immense popularity.
Top Metaverse Cryptocurrencies: The token has put up a beautiful upswing of about 100%, printing large bullish candles for the previous few months. Recently, bearish activity has seen a noticeable increase, slowing the rally. Nevertheless, the APE price is anticipated to resume a robust upward trend due to a notable increase in bullish momentum.
The token has put up a beautiful upswing of about 100%, printing large bullish candles for the previous few months. Recently, bearish activity has seen a noticeable increase, slowing the rally. Nevertheless, the APE price is expected to resume a robust upward trend due to a notable increase in bullish momentum.
Enjin Coin (ENJ)
This platform provides an ecosystem of linked, blockchain-based gaming items. Developers can also use it to tokenize in-game items on the Ethereum network. Recently, the native token, ENJ, has recovered from its lows and established a significant upswing of more than 100%. As a result, even with the negative pressure, the token is expected to keep going higher.
Final Thoughts
The bullish momentum is anticipated to be revived in the following few days as the metaverse space coils up strongly. Some other upcoming metaverse crypto tokens, such as HighStreet (HIGH), Star Altas (ATLAS), MAGIC (MAGIC), and a few others, have tremendous potential to join the Metaverse above crypto coins. Nevertheless, one must exercise extreme caution and calculation while dealing with Metaverse crypto coins due to their notoriously high volatility.
