Top 7 Metaverse Cryptos To Watch Out For In October 2023
Metaverse became huge after Facebook announced it; Facebook even changed its name to Metaverse. According to data on Binance, the company has invested billions of dollars in the Metaverse project, with $13.7 billion invested in 2022 alone. Even though Metaverse is not public as yet, it is almost ready. Best of all, coins are so cost-effective. You only need to find a currency that is growing and performing well.Thank you for reading this post, don't forget to subscribe!
Here are a few good ones.
The biggest cryptocurrency in the Metaverse, Decentraland, now has a market value of over $5.6 billion. Social circles like to call it a virtual cosmos. Despite a drop in the price since December, MANA has more than quadrupled since December.
A completely decentralized cryptocurrency, Decentraland is the biggest bitcoin in the universe. Plus, Decentraland has its decentralized autonomous organization, the LAND contract. It lets you buy and sell virtual land.
2. Stacks (STX)
Stacks is worth almost $700 million and uses a proof-of-transfer mechanism to connect to Bitcoin’s blockchain. You can mint STX tokens for a fee and stack your coins to earn BTC rewards.
Stacks aims to make decentralized apps and smart contracts easy to run on Bitcoin. Investors created it, including Winklevoss Capital, Y Combinator, and Digital Currency Group.
Stacks 2.0 became the first cryptocurrency to get the green light from the Securities and Exchange Commission (SEC) for sale. They launched their mainnet in January 2021.
Apecoin is a great cryptocurrency that was launched in March 2022. As of now, it has a market capitalization of $1.3 billion.
Apecoin lets investors control the ecosystem, and the games are exclusively available through Apecoin. Plus, Apecoin runs on Ethereum, which is also known as ECR-20. Besides that, Apecoin recently partnered with Yuga Labs.
Last June, Apecoin’s price dropped from $26 to $3. Despite the dip, Apecoin remains the biggest coin in the Metaverse. If this project lasts for a while, you will probably get very impressive returns on your investment.
4. AXIE INFINITY (AXS)
Axie Infinity is a cool game that is sweeping the world. It lets you make serious money while playing with adorable animal characters. Some people made Axie a full-time gig.
Every player in the Ethereum blockchain metaverse plays a specific role based on AXS and SLP, Axie’s native coins. AXS is used for voting on the game’s future development, like updates and spending the treasury balance.
In Axie Infinity, the governance token is AXS (short for Axie Infinity Shards). You can decide how the treasury balance is spent if you own one. AXS jumped 200% in value last year, making it one of the top cryptocurrencies.
5. Internet Computer (ICP)
Dfinity Foundation, a nonprofit in Switzerland, developed the Internet Computer. It is worth approximately $1,414,467,845. This is about making a decentralized internet that replaces the one we have now, mostly controlled by big corporations.
A Swiss nonprofit created the cryptocurrency ICP. The token traded for over 57,262 when its market cap was over $36,02,61,60,000.00. The buzz around it has faded, and its price has dropped. It is still one of the biggest cryptocurrencies.
6. The Sandbox (SAND)
Recently, Sandbox’s cryptocurrency platform has been hot, especially its native SAND currency. The Sandbox is a virtual environment with a DAO architecture, like Decentraland. Furthermore, it is built with Ethereum, like Decentraland. Smart contracts are used for buying virtual land. SAND was the original currency of Sandbox, but now it uses Polygon’s layer 2 solution.
SAND tokens can be used to create, own, and monetize gaming experiences on the Ethereum blockchain. You can generate non-fungible tokens, upload them to the marketplace, and use them in games created by renowned creators.
7. Theta Network (THETA)
Theta is a new platform for streaming that just hit $0.617941. Theta is unique because it is a blockchain specifically for streaming video. It is all about decentralized streaming, so it is more peer-to-peer.
Metaverse business plans are everywhere these days! Theta says it will reduce costs, give people more power, and eliminate middlemen. It wants to make video more affordable for consumers and get content creators more profits.
Theta Network lets you watch videos and share them with your friends. Plus, you get THETA tokens!
A trillion-dollar industry is coming to the Metaverse, so it might be a good idea to invest now. Hopefully, it will be a new paradigm in the meme industry in the coming months.