The metaverse is in its infancy and could develop in unforeseeable ways. However, most business experts agree that the best metaverse crypto assets will have significant value in the coming ‘digital escape’ zone.
As an illustration, PwC analysts say that the metaverse will “profoundly change how businesses and consumers interact with products, services and each other”. They identify non-fungible and fungible tokens as key concepts that will underpin the metaverse framework.
The cryptocurrency sector’s trustless monetary protocols will support value exchange across the metaverse. They will also increase data monetization opportunities for all stakeholders. Consequently, while it might be impossible to predict the winning horse in the big tech race for metaverse, the best metaverse crypto tokens are a good investment for the future.
This is especially so because their prices are in their initial value build-up stage. Moreso, metaverse tokens play a critical role in most metaverse protocols. When partaking in metaverse digital gaming, NFT land purchases, and e-commerce opportunities, you will need them.
Below are the best metaverse crypto coins, use case, price and growth projections.
Comparison of the best metaverse crypto assets
Name | Axie Infinity | Decentraland | Sandbox | Enjin | Gala |
Token Name | AXS | MANA | SAND | ENJ | GALA |
Year Founded | 2018 | 2020 | 2004 | 2017 | 2019 |
Developer/ Founder | Sky mavis | Decentraland foundation | Animoca Brands | Maxim Blagov and Witek Radomski | Eric Schiermeyer |
Market Cap | $3.269B | $4.434B | $3.5B | $1.47B | $1.575B |
Number of NFTs | 607,639 | 71, 563 | 350+ | 176,737 | 28 |
5 best metaverse crypto assets
Axie Infinity Shards (AXS)
Axie Infinity is a Pokémon-inspired play-to-earn (P2E) blockchain game. It is the sector’s most popular game, and you can win juicy rewards in the form of Smooth Love Potion (SLP) and Axie Infinity Shards (AXS) on completing a variety of gaming tasks.
Axie Infinity players breed Axies, Tamagotchi-like pet monsters, as NFTs. You can reproduce new Axies and build them kingdoms. Collect, raise, and breed your Axies in Pokemon like fashion, then sell them in the open marketplace for Axie Infinity Shards (AXS).
What is AXS?
Unlike Axie NFTs, AXS and SLP are Ethereum based ERC 20 fungible tokens. SLP is the Axie Infinity gaming environment’s utility token. Earn SLP by completing quests or reaching the top ranks of the PVP leaderboards.
You can use SLP in the breeding of Axies or purchase in-game assets. You can also buy SLP on exchanges and speed up your Axie breeding process.
AXS, on the other hand, is the Axie Infinity metaverse’s governance token. It incentivizes players who hold on to it and enhances the blockchain game’s decentralization metrics.
Consequently, you can stake it and win more AXS and leverage it in the Axie Infinity governance process as votes. AXS also incentivizes players that create user-generated content and spend their time and resources in this play to earn environment.
So, between SLP and AXS, which is the best metaverse crypto?
SLP is an in-game utility token, and Axie Infinity protocols generate it in response to gaming activity. It is therefore precious to gamers.
It has a 5.3 billion circulating supply and does not have a hard cap. Its supply is in constant flux, contracting when new Axies spawn and expanding due to player participation.
Recent game updates have slashed its emissions by 40%, positively affecting its price. SLP is now selling at the $0.018 price range. So, lower emissions make SLP and Axie NFTs scarcer.
These positive developments have an even more positive effect on AXS. As an illustration, the slashing of SLP emissions pumped AXS price by 44% in early February 2022. As a result, AXS is the best metaverse crypto to invest in since it reaps the most value from all Axie Infinity protocol success.
It is also an investment and speculative asset whose utility is not bound to gaming. For example, you can convert the AXS token to ETH and use it to purchase NFTs on Axie Marketplace. AXS has a 270 million supply cap and a circulating supply of 60,907,500 AXS. It is currently selling in the $51 range.
Why invest in AXS?
In July 2021, AXS achieved its all-time price of $160. However, it has lost value due to dips in daily active users. Sky Mavis, its developer, highlighted a 45% drop in daily active users (DAUs) in the last quarter of 2021.
A recent hack on the Ronin sidechain, its transaction confirmation network has further dented its image. That said, ongoing game updates and the growing demand for its NFTs could provide sustainable growth. The Axie Infinity’s NFT collection has now crossed $4 billion in sales, making Axie NFTs the most traded collection in the NFT marketplace.
More so, Axie Infinity is winning the race to the metaverse. It already has a dynamic virtual real estate trading system. One of its Genesis Land plots sold for $2.3 million in late 2021. On top of that, it has over 3 million active users on its platform.
Then, its developers hint at the development of Project K. This game mode will combine gaming and metaverse aspects such as in-game land ownership and attract non-gamers liquidity.
There will be plenty of social experiences in an immersive virtual environment. Fortunately, its meta-economy has a significant network effect, a bullish sign for the Axie metaverse.
AXS price performance and prediction
Below are AXS price long-term price forecasts by Price Prediction.
Price Prediction forecast | |||
Year | Minimum price | Average Price | Maximum price |
2022 | 65.16 | 67.20 | 77.96 |
2023 | 95.91 | 98.60 | 113.54 |
2024 | 135.19 | 139.13 | 167.57 |
2025 | 196.58 | 202.15 | 238.33 |
2026 | 294.31 | 302.39 | 341.20 |
2027 | 424.31 | 439.43 | 497.00 |
2028 | 622.79 | 644.76 | 727.38 |
2029 | 967.18 | 992.97 | 1,089.62 |
Decentraland (MANA)
Tokens.com has purchased a tokenized piece of Decentraland virtual land for a whopping $51,959 or 618,000 MANA! The little bit of land measuring 52 square feet or 16m x 16m is part of the 97,000 pieces of LAND NFTs for sale on the Decentraland metaverse.
You can purchase LAND NFTs here and monetize them via interactive games, e-commerce spaces, events, or advertising sales.
Decentraland is a digital world built on the Ethereum blockchain. It supports user-generated content and applications’ design, experience, and monetization. For example, you can design and customize gaming characters and activities and chat with other users in this metaverse.
It also has a Decentralized Autonomous Organization (DAO) in place. Its DAO governs the functions of its key smart contracts. MANA, its governance token, confers its holder’s governance rights to the Decentraland DAO.
What is MANA?
MANA is this metaverse’s native coin. It supports value transfer on Decentraland. Use MANA in the purchase and sales of LAND, avatars, and wearables. It has a supply of 2.2 billion with 1.8 billion tokens in circulation.
Why Invest in MANA?
MANA’s utility makes it one of the best metaverse cryptos due to the high demand and the skyrocketing costs of LAND. As a result, wealthy investors have descended upon the Decentraland metaverse, grabbing the best seats in its promising metaverse.
Some of Decentraland’s prominent virtual real estate investors include Atari, Samsung, Prager Metis and Tokens.com. Atari is, for instance, building an Atari game-themed venue on Decentraland that will expand its gaming and branding opportunities on the internet.
Samsung’s LAND or Samsung 837X provides Decentraland visitors with an immersive shopping experience based on the design of its New York City store, Samsung 837. In addition, the accounting firm Prager Metis is set on reaping early mover advantages when the physical office evolves into a metaverse office.
LAND NFT values have been rising as tech giants such as Meta pour their billions on metaverse development. MANA gains the most from the surge in LAND NFTs and activities since it is Decentraland’s utility token.
MANA’s prices, for instance, rose from lows of $0.14 at the start of 2021, to its all-time highs of $5.4 in November 2021, following the purchase of Tokens.com’s Fashion Street LAND NFT.
Decentraland holds a four-day Metaverse Fashion Week (MVFW) event with the best parties, runway shows, panel talks, and shopping. The 2022 virtual high fashion event took place from March 24th to 27th and brought over 70 brands.
The Tokens.com LAND gamble has paid off as its Luxury Fashion District played host to iconic brands such as Dolce&Gabbana, Estée Lauder, Elie Saab and Etro. As a result, all MVFW22 businesses and visitors needed some MANA in their Ethereum wallets to purchase any digital outfit.
As more businesses set up complementary metaverse HQs and flagship stores on Decentraland, the value of MANA will rise. For instance, Sotheby’s, the broker of luxury goods and art, bought a plot of land in Decentraland and built a copy of its London offices. MANA is currently retailing at $2.31.
Mana price performance and prediction
MANA has $4. 43B market cap making it one of the most significant metaverse tokens. Its value has doubled in a year, but, like all metaverse, tokens had a significant price drop at the start of 2022.
MANA’s Price Prediction forecasts are as below.
Price Prediction forecast | |||
Year | Minimum price | Average price | Maximum price |
2022 | 3.28 | 3.38 | 3.83 |
2023 | 4.77 | 4.91 | 5.72 |
2024 | 6.93 | 7.13 | 8.28 |
2025 | 10.48 | 10.77 | 12.05 |
2026 | 14.76 | 15.19 | 18.29 |
2027 | 21.53 | 22.29 | 25.83 |
2028 | 32.56 | 33.67 | 36.91 |
2029 | 48.06 | 49.40 | 56.99 |
2030 | 65.74 | 67.71 | 82.01 |
2031 | 94.05 | 97.43 | 115.09 |
Sandbox (SAND)
The Sandbox is a blockchain-based gaming metaverse that runs on the Ethereum blockchain. It advocates for user-generated content and has therefore built a formidable community-based following.
You can build just about any imaginable asset on the Sandbox. Its Game Maker protocol makes the 3D game building process free and effortless. In addition, VoxEdit supports the rigging and animation creations that you can sell on the SAND marketplace. However, you will need SAND to do so.
Furthermore, Sandbox protocols reward users for participating in the ecosystem’s transactions and interactions. For example, you could earn rebates in transaction fees or generate passive income by staking your SAND. Sandbox is also decentralized, and SAND token holders play a role in its governance.
You can purchase SAND or earn it on the Sandbox’s gaming protocols. Staking your SAND will make you more tokens as interest. Alternatively, build your games in the Sandbox, and earn SAND from gamers.
Why invest in SAND?
To support the growth of the play-to-earn (P2E) ecosystem, the Sandbox has made a move to Polygon. Polygon is a layer-2 Ethereum scaling solution with benefits such as low transaction fees and fast processing speeds.
Unlike Axie infinity, Sandbox has a VR aspect that blends with the ultimate vision of the metaverse; immersive digital experiences for all. The Sandbox now hosts rising metaverses from major brands and IPs such as The Walking Dead, The Smurfs, Adidas, Atari and Snoop Dogg’s Snoopverse.
The rapper has dropped his new music video in the Snoopverse and will hold a virtual metaverse concert on his Sandbox metaverse later in the year. All visitors will need SAND in their wallets to interact with these metaverses, making it one of the best metaverse crypto assets in the market.
HSBC is also one of the notable brands that have bought virtual land in the Sandbox. SAND has a limited coin supply of 3 billion tokens and a circulating supply of 1.14 billion.
SAND price performance and prediction
SAND’s all-time high in November 2021 broke its $8 barrier. As a result, its token value increased by over 16,000% in one trading year. Sandbox is currently trading at $3.08. Below are SAND’s Price Prediction growth forecasts.
Price Prediction price forecast | |||
Year | Minimum Price | Average Price | Maximum Price |
2022 | 4.19 | 4.31 | 4.93 |
2023 | 6.09 | 6.27 | 7.18 |
2024 | 8.94 | 9.19 | 10.62 |
2025 | 13.79 | 14.16 | 15.34 |
2026 | 19.41 | 19.98 | 23.32 |
2027 | 27.75 | 28.75 | 33.42 |
2028 | 39.93 | 41.37 | 48.70 |
2029 | 57.87 | 59.52 | 69.00 |
2030 | 86.06 | 89.04 | 100.72 |
2031 | 126.20 | 130.65 | 152.76 |
Enjin (ENJ)
Enjin is a robust blockchain gaming platform that supports the easy and secure storage and management of digital gaming items. Some of its viral game titles include Age of Rust, Azure Heroes, AlterVerse, 9Lives Arena, and Aldian Legends.
Additionally, Enjin has features such as a crypto wallet, an NFT marketplace, and a user-friendly mobile app with QR codes for seamless NFT trading.
What is ENJ?
Its metaverse style gaming environment supports the minting of ENJ, its native token. Developers use ENJ during asset acquisition and minting of in-game assets. On the other hand, Gamers require ENJ in their gameplay activities and when trading with other players.
Players can sell in-game tokens and earn ENJ. ENJ also has a robust in-game assets NFT marketplace. Since the Enjin network supports a variety of games, its NFTs and ENJ are interoperable across a wide range of games.
Why invest in ENJ?
ENJ is one of the best metaverse crypto assets under the $3 range. Enjin is a game building network, meaning that ENJ will have more utility as developers deploy more games on the network. ENJ is also essential to the Enjin NFT marketplace easing the conversion of NFTs back to ENJ and vice versa, giving it more utility and scarcity
Microsoft is also currently partnering with Enjin to create Azure Heroes, a digital collectables platform. Enjin has also announced its $100 million-dollar Efinity Metaverse Fund that will make its metaverse dreams a reality. In addition, Enjin has released the Efinity side chain on the Polkadot network, speeding up and easing the cost of access to Enjin’s 1.1 million user Play-to-Earn CryptoBlades game and NFTs.
ENJ price performance and prediction
In late 2021, ENJ hit its all-time high of $4.85. However, it has been on a slump in 2022, dropping to the $1 range. It is, therefore, one of the most discounted metaverse cryptocurrencies.
Below are ENJ’s Price Prediction based growth forecasts.
Price Prediction price forecast | |||
Year | Minimum Price | Average Price | Maximum Price |
2022 | 1.87 | 1.92 | 2.22 |
2023 | 2.72 | 2.79 | 3.27 |
2024 | 3.92 | 4.06 | 4.68 |
2025 | 5.46 | 5.62 | 6.90 |
2026 | 8.43 | 8.65 | 9.55 |
2027 | 12.35 | 12.69 | 14.54 |
2028 | 17.76 | 18.27 | 21.29 |
2029 | 25.37 | 26.28 | 30.97 |
2030 | 35.68 | 36.73 | 43.65 |
2031 | 52.59 | 54.42 | 61.70 |
Gala (GALA)
Gala Games is one of the few blockchain gaming platforms that capitalize on user gaming skills and the production of top-quality and engaging games. Moreso, its GalaChain sidechain offers gamers access to decentralized finance features such as staking and NFT minting. Gala’s flagship blockchain game, Town Star, has over 600 million players.
GALA is its in-game currency and supports its NFT sales process. You can win GALA in gameplay or run a Gala Node and earn more GALA.
What is GALA?
GALA is the platform’s native utility token. It is used for network governance, node operator incentives, and in-game awards. In addition, it is the value transfer asset of the Gala store.
Why invest in GALA?
Gala is injecting over $5 billion into its play-to-earn, metaverse and NFT ecosystems making it one of the best metaverse crypto assets in the market. Currently, Gala games have only released one game. However, its investment in blockchain gaming and the metaverse could pay off and bring high returns for the GALA holder.
Gala price performance and prediction
Gala’s current price is $0.23. Below is GALA’s Price Prediction based growth forecast.
Price Prediction price forecast | |||
Year | Minimum Price | Average Price | Maximum Price |
2022 | 0.29 | 0.30 | 0.35 |
2023 | 0.44 | 0.46 | 0.51 |
2024 | 0.63 | 0.65 | 0.77 |
2025 | 0.88 | 0.92 | 1.09 |
2026 | 1.22 | 1.27 | 1.53 |
2027 | 1.83 | 1.88 | 2.16 |
2028 | 2.63 | 2.73 | 3.11 |
2029 | 3.82 | 3.93 | 4.56 |
2030 | 5.38 | 5.54 | 6.70 |
2031 | 7.45 | 7.67 | 9.50 |
Conclusion
The best metaverse crypto assets have a bright future. That said, technology evolutions are unpredictable. As tech giants invest more in the metaverse, investors should play safe and purchase the best metaverse cryptos in manageable proportions, for safety.
