Metaverse cryptocurrencies traders watch Coin price Prediction – Review and Chart 2022
Metaverse cryptocurrencies Price Prediction 2024
Metaverse cryptocurrencies It is among the crypto coins traded on stock exchanges. Metaverse cryptocurrencies comments and analysis, which are carefully followed by stock market investors, attract great attention. You can follow us and benefit from the information here.
To get this Crypto, you can subscribe to the KuCoin exchange here.
– FOREIGN NEWS SERVICE
The number of trends that can show double-digit growth in the next ten years is quite high. Cybersecurity, cloud technology, hemp and telehealth are just a few of the rapidly growing trends. However, the most popular trend these days is the metaverse. Considered to be the future of the Internet, the metaverse is a 3D world that will allow users to interact with their environment and other users. Apart from the entertainment factor, the metaverse is also expected to create its own ecosystem. According to Matthew Ball, CEO of venture capital firm Epyllion, the metaverse is an opportunity that could reach $10 to $30 trillion in the next five to 10 years. For this reason, many investors’ eyes are on this area. But the biggest question is which companies, institutions and individuals will be in the metaverse space. According to the news of Forbes, the giant social media platform Facebook has recently changed its name to Meta Platforms and invested 10 billion dollars related to the metaverse last year.
The company plans to increase the amount of its investments in the coming years.
Considering the company’s impressive cash flow, it seems certain to be one of the key players in the metaverse space. On the other hand, investors are also watching some cryptocurrencies that played a role in the formation of a decentralized metaverse. Here are 3 metaverse cryptocurrencies that investors flock to.
1. The Sandbox
Investor appetite for digital currencies associated with the metaverse space is quite high. Sandbox is also one of the highest performing cryptocurrencies since the start of 2021. According to the data on January 14, the cryptocurrency showed an increase approaching 13,000%. What makes Sandbox and other decentralized blockchain-based gaming platforms so attractive is that the platforms are completely different from traditional games.
While computer or game console-based game developers hold all the rights to their games, Sandbox allows users to hold the ownership rights of everything they create in-game as NFT (non-fungible token). NFTs serve as proof of ownership of a digital asset stored on the blockchain.
Users can rent their digital assets, create games on their digital plots and win prizes by playing games on other users’ spaces. Moreover, he is able to put his assets up for sale in a digital store.
2. Decentraland
Another metaverse cryptocurrency that attracts investors is Decentraland’s MANA. MANA investors have made a profit of 3,500% since the beginning of 2021. In Decentraland, which is located on the Ethereum blockchain, users can interact in a virtual world built on digital land ownership. is being used.
The game is in constant evolution to include new user interactions and animations that encourage users to ‘build’ on digital plots they have purchased. Like Sandbox, Decentraland users can cash out their LAND tokens, according to information compiled by Borsagundem.com. LAND tokens are valued at the MANA price.
3.
Among the three cryptocurrencies mentioned in this article, Axie, which has been the highest performer since the beginning of 2021, has risen close to 14,000. Axie Infinity is also a gaming platform built on Ethereum. However, the game offers a very different experience than Sandbox and Decentraland. In this win-as-play game, users collect, breed, upgrade and battle monsters identified as Axie.
It earned USD$. In this way, the platform ranked second after Ethereum, which generated $5.71 billion in protocol revenues in the same period.
.