3 Top Metaverse Coins To Buy Now

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Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Last Updated January 30th 2023
5 Min Read

3 Top Metaverse Coins To Buy Now - Our Picks

Apecoin - One of the newest and biggest metaverse coins on the market

The Sandbox - Metaverse coin with impressive performance

Ethereum - The blockchain of choice for metaverse developers


A Closer Look At The Top Metaverse Coins To Buy Now

The metaverse concept is not new to science fiction fans. However, it gained wider popularity in 2021. It is a digital avatar-based virtual space where users can interact, play games, and experience things or activities as they would in the real world.

Metaverse is a collision between the digital and physical worlds when virtual reality and augmented reality bridge the gap and allow the physical and virtual worlds to interact closely. Experts have various reasons to believe meta is the next big thing in the crypto world. So, it’s worth keeping an eye on the hottest metaverse assets.

Go on and learn more about the top 3 metaverse coins to buy now.

Apecoin (APE)

ApeCoin is a relatively brand new project. Notably, ApeCoin was formed out of the NFT community of the Bored Ape Yacht Club. Launched on March 17, ApeCoin immediately soared upon release.

Launched at $1 per token, APE almost immediately surged to nearly $40 per token. Today, this metaverse crypto is still worth around $6.25, providing decent returns for early investors. Much of the reason for this quick appreciation is this token’s ties to the metaverse.

As a utility and governance token, APE enables holders to take part in governing the Ape ecosystem. Holders of APE are provided with access to games and other services and products available only to ApeCoin holders.

ApeCoin is not only one of the biggest metaverse coins on the market, but also one of the newest. It was designed to power the growing ecosystem around the popular Bored Ape Yacht Club. Bored Ape Yacht Club is one of the most successful non-fungible token (NFT) art collections. The lowest price for one of these blockchain art monkeys is estimated to be a whopping $100,000. Its sister NFT collection, Mutant Ape Yacht Club (MAYC), carries an $18,500 price tag as a floor price, CoinGecko’s data shows.

To harness the popularity of these pricey apes, APE was airdropped to every holder of a Bored Ape or Mutant Ape NFT in March 2022. The goal behind APE is for voting and governance issues and transacting within the “Ape metaverse.”

Notably, ApeCoin holders can use their coins in Otherside, which is an upcoming metaverse game from Yuga Labs. Recently, Yuga Labs raised around $320 million in a virtual land sale, which enabled holders of the APE token to buy parcels in Otherside. While Otherside is still being developed, this is an exciting opportunity for those looking for true integration between NFTs and the metaverse in the crypto world.

buy apecoin

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

The Sandbox (SAND)

The crypto metaverse project, The Sandbox, has shown impressive performance. The native token of the platform, SAND, was consistently on the rise during 2021 and finally crossed the $1 mark in the last quarter of 2021, continuing its upward trajectory to $8.40 last November.

Built on top of the Ethereum blockchain, the Sandbox allows users to build, earn, and trade in-game items. Much like Decentraland, this includes the ability to buy virtual land and build real estate. Then, this real estate can subsequently be sold on the open market.

Like most, if not all, cryptocurrencies, however, the price has taken a nosedive since then and sits at $0.78. With a virtual reality aspect, this project is realizing the vision of the metaverse. The Sandbox is essentially a game, and it has the backing of gaming brands like Atari, which could help it navigate the current bear market. In addition, Lionsgate recently partnered with The Sandbox to create a “Hellboy”-themed metaverse destination, Deadline reported, and Tony Hawk announced he will build a skateboard park there.

The Sandbox is heavily based on the creation and trade of NFTs. Players can create NFTs using the SAND metaverse tokens. Like countless other cryptocurrency projects, this one is based on Ethereum. It recently launched Alpha Season 3, which is expected to attract half a million users, Fortune reported.

These factors make SAND one of the top metaverse cryptos to buy now.

buy sandbox

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Ethereum (ETH)

The analogy “in a gold rush, invest in picks and shovels” can be applied to Ethereum, the leading smart contract platform that provides the critical infrastructure for the majority of top metaverse coins.

Smart contracts are vital for blockchain-based metaverses, allowing them to operate securely without needing a centralized authority. Ethereum has already proven itself through thousands of decentralized applications (dApps) hosted on its network. Its DeFi dominance, for example, has been unparalleled since DeFi entered the mainstream. Even today, Ethereum accounts for 50+% of all DeFi transactions.

Going forward, Ethereum is expected to be the chain of choice for metaverse developers. With the recent Ethereum Merge being carried out successfully, this seems even more likely. That’s because it allows the network to implement sharding – a move that’s expected to boost Ethereum’s speeds to over 100,000 transactions per second while reducing fees significantly.

Considering that all transactions made in any Ethereum-based metaverse will require gas fees to be paid in ETH, the token has the potential to see much higher demand once the metaverse becomes more commonplace. Combined with its versatility in other sectors of the crypto sphere, Ethereum is one of the top metaverse coins to buy right now.

buy ethereum

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

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