People in the metaverse use metaverse tokens as currency.Users can create, buy, and sell tokenized funds as well as goods.
In the world of digital assets, metaverse tokens are expected to take the lead. Metaverse tokens are a form of money used to conduct transactions in the metaverse. While some metaverse tokens can only be used in the metaverse, others are also traded on exchanges like WarziX, Coinbase, and Binance.
Particularly, strategists are very enthusiastic about metaverse tokens. Users were assured by Bank of America strategist Haim Israel that metaverse tokens represent “a massive, massive opportunity.”
Here are the top 5 Metaverse tokens to watch out for this week
Apecoin
Since APE is an ERC-20 token, it is accessible on the Ethereum network. As a utility and governance token, it enables owners to take part in the management of the Ape ecosystem and gain access to games and other goods and services that are only available to owners of apecoins.
ApeCoin’s price at the time of writing is $6.24, with a market capitalization of $ 2.2 B and a 24-hour trading volume down by 17%. Now it stands at $226.7 million. At the same time, the circulating supply is approximately 368,593,750 APE as per the crypto market tracker CoinMarketCap.
Decentraland
A well-known cryptocurrency metaverse project that frequently makes headlines is called Decentraland. This was partially caused by the NFT craze, which also gave MANA, the platform’s native token, enormous gains. The platform was soon used by many NFT owners to display their NFTs.
Decentraland price at the time of writing is $0.7127, with a market capitalization of $ 1.3 B and a 24-hour trading volume up by 43.9%. Now it stands at $216 million. At the same time, the circulating supply is approximately 1,855,084,192 MANA as per the crypto market tracker CoinMarketCap.
Axie Infinity
Similar to Pokémon, Axie is the focal point of the Axie Infinity online game universe. The design of the Ethereum-based game rewards players for mastering virtual assets while encouraging players to manage their own.
Axie Infinity’s price at the time of writing is $12.15, with a market capitalization of $ 1.2 B and a 24-hour trading volume down by 30%. Now it stands at $202 million. At the same time, the circulating supply is approximately 100,407,074 AXS as per the crypto market tracker CoinMarketCap.
The Sandbox
A play-to-earn game powered by Ethereum is called Sandbox. Sandbox also incorporates Defi, NFTs, and blockchain into a 3D metaverse. Thanks to this game, blockchain is now widely used in the gaming industry. One of the best metaverse tokens to buy is the sandbox.
The Sandbox’s price at the time of writing is $0.7652, with a market capitalization of $ 1.1 B and a 24-hour trading volume up by 7%. Now it stands at $198.6 million. At the same time, the circulating supply is approximately 1,499,470,108 SAND as per the crypto market tracker CoinMarketCap.
Theta Network
Theta Network is a decentralized video delivery network that offers a variety of blockchain-enabled fixes for the issues that the conventional video-streaming industry is currently experiencing. Compared to traditional service providers, the platform offers streaming high-quality video at a more affordable price. However, experts say that Theta Network is one of the best metaverse tokens to invest in.
Theta Network’s price at the time of writing is $1.12, with a market capitalization of $ 1.1 B and a 24-hour trading volume up by 205%. Now it stands at $110.8 million. At the same time, the circulating supply is approximately 1,000,000,000 THETA as per the crypto market tracker CoinMarketCap.
Disclaimer: This is not investment advice. Please do your due diligence before investing in any asset.
