Top 10 Metaverse Cryptocurrencies to Buy for October 2023 (100x)
Metaverse crypto coins have begun to soar ever since Facebook officially changed its parent company name to Meta. Many crypto experts believe metaverse coins will lead to massive 100x gains as more people FOMO into metaverse projects and join the virtual reality revolution.
In this article, I’ll explain the basics behind the metaverse along with my top metaverse crypto coins to invest in for huge gains.
What is the Metaverse?
The Metaverse is an introduction to Web 3.0 where people interact via the virtual world and build out a highly functioning economy on the internet. We are currently at an inflection point as we transition from the social media-dominated web 2.0 era to a new virtual community that provides 100% engaged 3D interaction on demand.
There are many bullish catalysts affecting this space and several metaverse-related cryptocurrencies have gotten the attention of crypto investors.
Why Invest in Metaverse Crypto Coins?
Grayscale, the world’s largest cryptocurrency asset firm, believes revenue from virtual gaming worlds could reach $400 billion by 2025.
The company published an extremely bullish report called “The Metaverse, Web 3.0 Virtual Cloud Economies” that outlines its bullish thesis.
According to Coingecko, the top metaverse coins carry a combined market cap of $38 billion and I expect that number to grow substantially more in the future.
If revenue does reach $400 billion in just 3 years then the entire metaverse index can easily 10 to 100x its market cap from here. This is the early stages of a web revolution and now is a great time to start investing in the top metaverse coin projects.
Best Metaverse Crypto Coins
Here’s a list of some popular metaverse coins to buy if you want to profit from the future of web 3.0.
- Decentraland (MANA)
- The Sandbox (SAND)
- Enjin (ENJ)
- Axie Infinity (AXS)
- UFO Gaming (UFO)
- Star Atlas (ATLAS)
- Realm (REALM)
- DeFI Kingdoms (JEWEL)
- Redfox Labs (RFOX)
- Illuvium
Decentraland (MANA)
- Token Type: Ethereum
- Total Max Supply: 2.1 billion
- Total Holders: 198,000 (as of January 11th, 2022 via Etherscan)
- Annual CAGR since inception: 245%
Decentraland is a virtual reality platform that allows you to buy, sell, and manage virtual property called LAND. You can create an avatar easily and join the world’s largest virtual game in just a few minutes.
MANA is the native cryptocurrency of Decentraland and you can use it to power apps, pay for goods or services, and invest in property throughout the game.
Several big players have invested in Decentraland real estate including Samsung’s NYC Meatpacking district replica store.
MANA crypto prices skyrocketed as high as $5.85 at the peak of the Facebook “Meta” announcement as crypto investors and Decentraland users scramble to buy up the Ethereum token.
However, prices have fallen a lot recently and MANA token looks a lot more attractive at these price levels.
I’m bullish on MANA because more companies will build and develop retail stores in Decentraland to reach more potential customers.
MANA is my top overall favorite
The Sandbox (SAND)
The Sandbox is a virtual world where you can buy and sell land using metaverse coins known as SAND.
Enjin (ENJ)
Enjin is an ERC-20 token based on the Ethereum blockchain that allows users to trade virtual goods with each other.
Enjin blockchain allows users to mint, store, and sell virtual goods. Developers can assign value to their virtual goods by locking ENJ tokens into a smart contract. Players can trade virtual goods and received ENJ once an item is sold.
