Metaverse crypto coins are prevalent among traders in 2022, with a combined trading volume of over $5.1 billion in the last 24 hours. This article takes a look at the five most traded Metaverse crypto coins today, ranked by trade volume, from lowest to highest.
Exhibit #5 Enjin (ENJ) – $243 million
Enjin is a blockchain allowing users to create custom NFTs and has established itself as one of the leading blockchains for Metaverse projects. Enjin has a popular mobile app with over 1.7 million installs.
The Enjin ecosystem offers features for individuals, businesses, and developers. Enjin makes it easy for individuals to explore the Metaverse with carefully designed products to help manage NFTs and cryptocurrencies. Enjin’s end-to-end solution enables businesses to use NFTs to grow their brands for businesses.
Finally, for developers, Enjin provides a versatile SDK and robust API for developing NFT-powered projects; no blockchain coding experience is required.
Enjin’s latest venture into the Metaverse includes its Efinity blockchain, built from the ground up to provide an ecosystem for consumers and developers to trade NFT items.
We’re starting to see some great apps being developed on Enjin, including Age of Rust, which features a first-person adventure game where users collect in-game NFTs to solve puzzles.
Yes OK. We need more games that support more NFTs. @AgeofRust AgeofRust supports multiverse NFTs like Epochrome Sword. pic.twitter.com/B39JcD0BNb
—gamedev.eth (@cloverme_) January 11, 2022
Enjin is worth watching in 2022 as its platform and ecosystem continue to grow. Moreover, the integration of Enijn into the network of Polkadot only reinforces the long-term feeling of both projects.
You can buy ENJ on Binance, Coinbase, KuCoin, Kraken, etc.
#4 Axie Infinity (AXS) – $323 million
Axie Infinity is one of the most popular Metaverse crypto coins on the market. It features a game world filled with Axies, Pokemon-inspired creatures that users can collect and upgrade. The object of the game is to breed, collect and build kingdoms for their Axies and increase their wealth.
Various game modes are available, many of which allow players to compete against each other using multiple strategies and tactics to achieve the leaderboards. Additionally, players can complete quests, defeat bosses, and unlock in-depth storylines.
Axie Infinity was initially built on the Ethereum blockchain, but the team is developing a unique blockchain called Ronin developed specifically to accommodate the game’s high user base and transaction volume.
In recent news, Axie Infinity has announced its intention to reduce the supply of one of its SLP tokens, which has among the largest number of Metaverse crypto coin holders.
We’ve created a blog to share some of our thoughts on Axie’s economy and some of the short-term fixes we’re discussing. Many of them are in line with the suggestions we saw directly from the community!
Full article 👇 https://t.co/0NH1Ko4GnY
— Axie Infinity🦇🔊 (@AxieInfinity) January 4, 2022
As such, traders should not be surprised to see bullish momentum for the SLP token in the coming months.
There are reports of users earning decent wages just for playing Axie Infinity, and the project has one of the highest community supports in crypto. Even with an incredibly high valuation of $4.7 billion, AXS could easily see a further increase in value as the mainstream crowd joins their metaverse.
Additionally, with the Axie Infinity team actively working to whittle down the SLP supply, it’s worth keeping an eye on Smooth Love Potion’s price in the coming months.
You can buy AXS on Binance, KuCoin, Gemini, Coinbase, etc.
You can buy SLP on Binance, KuCoin, FTX, Gemini, Crypto.com, and more.
#3 Decentralized (MANA) – $323M
Decentraland is the pioneer of Metaverse 3D experiences, featuring the most popular blockchain-based platform on the market. Decentraland is open to anyone using just a browser and a wallet like MetaMask.
Decentraland is built on the Ethereum blockchain and features the MANA token, used as a native currency on the platform. Users can purchase plots of land in Decentraland and monetize them to earn passive income. However, keep in mind that LAND prices are currently astronomical and cost over $10,000.
One of Decentraland’s most popular activities right now is playing poker in its virtual casino. Decentral Games has built a casino in Decentraland’s Metaverse, allowing users to win real money on some free tables.
Decentraland has some of the fastest growing ecosystems out there, and while its graphics are somewhat outdated, it’s king when it comes to usability and user base.
As Decentraland continues to grow its ecosystem, new users have no shortage of contests and giveaways to enter. Today, Parcel announced its giveaway for its Palace structure for users to use in Decentraland. To enter, be sure to check out the Tweet below:
🎉 We offer this Parcel Palace, a fully functional structure for use in @decentraland!
Enter:
1. Retweet this tweet
2. Join our Discord: https://t.co/qEv6QVBY81
3. Check land ownership
4. Drop a 🚀 in the community-airdrop channelFAQs: https://t.co/hlKtt6ivI8 pic.twitter.com/stERzGYaRE
— Parcel (@ParcelNFT) January 12, 2022
As the leader in Metaverse crypto coins, Decentraland is my favorite because it has the most utility. Even though the graphics might be outdated, it wouldn’t be that hard for Decentraland to release a graphics update in the future or for users to create graphics packs similar to the way GTA and Minecraft fans have performed HD graphics upgrades.
Decentralnad is still in its infancy, and even though its market capitalization is in the billions of dollars, MANA could easily 2X-3X in 2022.
You can buy MANA on Binance, Coinbase, KuCoin, FTX, and more.
#2 The Sandbox (SAND) – $1.13 billion
The Sandbox is one of the most anticipated projects of this year. After a successful alpha in December 2021, The Sandbox caught the attention of the general public. Additionally, there have been reports of retail investors betting on The Sandbox’s future, making it a great long-term hold for 2022 and beyond.
What makes The Sandbox unique is that it has much better quality graphics than any of its competitors. Also, since users need to download a desktop client to play The Sandbox, the experience and immersion is much better than just an in-browser experience.
In recent news, we saw Snoop Dogg announce the development of the Snoopverse in The Sandbox. Shortly after, a collector named P-Ape purchased land in The Snoopverse for over $450,000.
In other news, The Sandbox is gearing up for another land sale on January 13, so if you missed your chance to buy land, tomorrow is the time.
Get ready for another LAND sale! 🏙️ We’re heading to MEGA CITY!
🔹61 LANDS
🔹95 LANDS Premium (with #NFT)
🔹7 PROPERTIES🗓️ January 13 at 1pm UTC
All the details 👉 https://t.co/0DAolVHUkE pic.twitter.com/zzg1gWFYxI
— The Sandbox (@TheSandboxGame) January 5, 2022
There will be a total of 61 LANDs, 95 Premium LANDs and 7 ESTATEs available for purchase.
The Sandbox currently claims a valuation of $4.7 billion, making it the third largest Metaverse crypto coin on the market. The SAND ecosystem is still in its infancy, and while the current valuation seems high, once their Metaverse opens to the public, the influx of users could quickly push SAND to a new all-time high.
You can buy SAND on Binance, KuCoin, Uniswap, FTX, Gemini, etc.
#1 WEMIX (WEMIX) – $1.16B
Today, the most traded Metaverse crypto coin is WEMIX, a custom blockchain project by South Korean gaming platform WEMADE. The WEMIX network offers various play-to-earn blockchain games with one of the most robust platforms in the market.
WEMIX’s blockchain solves the problem of low transaction throughput and high fees, making it perfect for blockchain-based games. WEMIX uses a mix of private and public blockchain functions, connecting them to intermediate chains under a hybrid structure.
Currently, WEMIX offers various services alongside its selection of blockchain-based games. The WEMIX wallet allows users to store their tokens on mobile and desktop devices. There’s scope, WEMIX’s custom block explorer. Finally, the project recently added WEMIX Auction, an NFT marketplace allowing users to be on various items using WEMIX tokens.
🏴WEMIX NFT Auction #26🏴
👉OPEN👈
🗓️today at 15:00 (KST)
[About the things that exist in the twisted world]
by Blacksun
📍Event pagehttps://t.co/SKi3FmZ9la
👩🎨Instagramhttps://t.co/qjprFzzY4O
#WEMIX #WEMIXnft #WEMIXauction #WEMIXnftAuction #NFT_auction #Black Sun pic.twitter.com/3RyycmY8Ak— WEMIX (@WemixNetwork) January 12, 2022
WEMIX has some of the best game selections on its platform, and its usefulness for the token continues to grow. With the hype around this project and how quickly the team continues to expand its ecosystem, WEMIX is a great project to watch in 2022.
You can buy WEMIX on Bithumb, Gate.io, Coinone, Upbit, etc.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency.
Read also :
Top 5 Sub-$10 Metaverse Crypto Coins to Watch in 2022
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