These Metaverse cryptocurrencies could be set for big gains this year
In 2021, layer 2 cryptocurrencies exploded. At their peak in November, for instance, the likes of Solana, Avalanche, and Polygon had grown their values by more than 14000%, 5000%, and 15000%, respectively. Fast forward to 2023 and metaverse projects - especially the few that incorporate virtual worlds, gaming, and NFTs - are expected to blow up.
What will be the next metaverse cryptocurrency to explode in 2023? In this post, we have singled out seven metaverse cryptocurrencies that we believe have the most potential to grow and explode over the next few years. And our research is informed by a careful analysis of these currencies' past price action, in-network developments, roadmap, collaborations, and reception by the crypto community.
7 Next Metaverse Cryptocurrencies To Explode In 2023
Here are the metaverse crypto coins whose use case and value are due for a significant bull run:
1. Axie Infinity (AXS)
In the two years that Axie Infinity has been around, it has amassed ROI exceeding 64000%. The average number of daily active players on its play-to-earn game has also crossed 3 million. The plots of virtual land on its virtual world have also posted record prices, with one selling for $2.5 Million in November 2021. Not to mention that sales on its NFT marketplace recently broke above $4 Billion.
This level of growth for the metaverse has drawn droves of crypto enthusiasts into the Axie metaverse. From gamers, virtual realtors, NFT collectors, and day traders (in both crypto and NFTs) Axie Infinity has shown us that there is something for everyone.
Facing forward, there are two factors that we believe help prep AXS token prices for an unprecedented bull run in 2023. First is the wide reception its play-to-earn games and NFT metaverse has received from the crypto community. Second is its ambitious roadmap of moving the metaverse to the mobile device and eventually morphing it into a social networking platform.
Read Our Axie Infinity (AXS) Price Predictions.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
2. Decentraland (MANA)
Decentraland is one of the oldest and arguably the most popular metaverse projects. Launched in 2017, Decentraland has become a household name in the cryptoverse because of the versatility of its platform. In this virtual world, for example, you can buy a plot of land, develop it to your liking, and monetize it. You could also create applications and virtually any virtual asset and monetize it in this metaverse.
This has seen it attract a monthly user base of 300,000+ crypto enthusiasts. But even more importantly, it has drawn the attention of multinational corporations like Atari, Samsung, and JP Morgan that have already bought land on Decentraland.
More collaborations and in-network developments to Decentraland are expected to help catapult MANA prices to new highs before the end of 2023. The potential of the entire metaverse niche is still untapped which makes us believe that even with a $5 Billion market, there is enough room for MANA to grow. It, therefore, shouldn’t come as a surprise if more collaborations, the growing popularity of the Decentraland metaverse, and recovering crypto market push MANA prices to double-digit levels before December 2023.
Read Our Decentraland (MANA) Price Prediction.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
3. Sandbox (SAND)
SAND started trading in August 2020 but it already features among the 40 most valuable cryptocurrencies with a $4 Billion market cap and an ROI exceeding 40000%. Further, its user base recently broke above 2 million and it has a diluted market cap of $10 Billion. These make it one of the fastest-growing metaverse projects.
Everyone appreciates Sandbox’s uniqueness and its versatility which allow both programmers and non-coders to create and monetize games and virtual lands. This versatility and fast-paced growth have endeared it to corporations like PWC, Atari, Samsung, Adidas, Gucci, and even Square Enix that have invested in its virtual land.
In 2023, Sandbox expects to launch a mobile version of this virtual world, unlock lands to owners, introduce such popular games as The Walking Dead, launch the Sandbox DAO, host virtual concerts, and enhance its play-to-earn model. These are expected to accelerate the growth of the Sandbox community and draw in more corporations to the virtual world. And coupled with a recovering market, these are expected to push SAND token prices above the double-digit level by year-end.
Read Our Sandbox (SAND) Price Predictions.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
4. Star Atlas (ATLAS)
Star Atlas is a relatively new and highly futuristic play-to-earn game that lets users conquer the galactic metaverse. Here, they can create a virtual home and amass crypto fortunes. And like virtually all metaverse projects, it too features an NFT marketplace.
Launched in September 2021, The Star Atlas metaverse is still a work in progress. But that notwithstanding, the galactic virtual world and the play-to-earn game have received overwhelming acceptance from the crypto community. It has also attracted serious attention from the investment community with the likes of Yield Guild Games and ‘The Club’ acquiring NFT gaming assets worth $1 million and $3 million respectively.
All these have helped ATLAS grow its worth by more than 2300% in the last 6 months. Over the next few months, we expect Star Atlas to introduce massive developments, draw in more users, and enter into more collaborations that build its popularity and solidify its reputation. And by the end of the year, these will have helped catapult ATLAS’ modest price and market cap to unprecedented heights.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
5. Metahero (HERO)
Like Star Atlas, Metahero is an equally new and ambitious metaverse project. Launched in August 2021, Metahero stands out from most other virtual worlds as it promises to portal virtual versions of people and things into the metaverse in the form of avatars with the help of 3D meta-scanners.
Note that despite being a work in progress, seeing that its developers are yet to dispatch the 3D scanners, Metahero has received a warm welcome from the crypto community. This has helped grow the HERO token’s value by close to 1000% and earned it a market cap of close to $300 Million.
The bulk of projects highlighted on the Metahero roadmap are earmarked for completion in 2023. This metaverse is also expected to lock in several strategic partners/collaborators in the coming months and ride the crypto market recovery rally. And all these are expected to catapult its price to a new high before the end of the year.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
6. Terra Virtua Kolect (TVK)
The Terra Virtua Kolect project started in 2017, though its TVK utility tokens only started trading in December 2021. Both have nevertheless received a warm welcome from the crypto community as evidenced by the fact that the metaverse has onboarded a large user base and the TVK token price is already up by more than 1000%+.
Like Metahero and Star Atlas, it too is a work in progress, but it has one over its competition because of its innovativeness. Note that when it launched in 2017, NFTs weren’t a thing but fast forward to early 2023, it has positioned itself as one of the fastest-growing NFT marketplaces.
Other factors that affirm its innovativeness and show its readiness for the future include its multi-platform virtual world (web and mobile). The Terra Virtua Kolect platform is also prepping for virtual and augmented realities that the majority of crypto experts believe will be the next big thing in the industry.
Over the next few months, the crypto community is banking on the rollout of more programs, and strategic partnerships to help accelerate value gain for TVK tokens. Backed by a recovering crypto market and sustained innovativeness
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
7. Enjin Coin (ENJ)
Enjin is a metaverse for interconnected play-to-earn gaming experiences. It launched on the Ethereum network in 2018 and has since morphed into one of the most popular blockchain gaming platforms. But it is more than a virtual gaming world because it features an NFT marketplace and allows for the tokenization of almost any real-world product.
In the 3 years that it has been around, Enjin Coin has sustained an uptrend that gives it an ROI in excess of 7600% and a $1.6 Billion market cap. It has also welcomed more than 2.3 million users and assets worth $2.3 Billion have been created on this metaverse.
But several key developments have taken place in the cryptoverse that have us convinced Enjin Coin is ready for take-off. First is the ongoing NFT and play to earn hype. Secondly, Enjin has entered into strategic partnerships with popular brands like South Korea’s Ludena Protocol, Samsung, Ubisoft, Microsoft, and Singapore’s Health Hero. And more recently, the metaverse has launched a parachain on Polkadot that exposes its users to 100+ games and apps.
All these are expected to help Enjin draw in more users, which together with a recovering crypto market, are expected to thrust ENJ token prices towards a double-digit level by the end of the year.
Read Our Enjin (ENJ) Coin Price Predictions.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Should You Consider Investing In The Next Metaverse Cryptocurrency To Explode In 2023?
Looking at the gains made by early adopters for different coins over the years, you too might be tempted to go hunting for metaverse cryptocurrencies that will explode in 2023. But finding the next big metaverse cryptocurrency to skyrocket isn’t easy and betting on any promising metaverse crypto coin is extremely risky.
Even with an experienced development team and seemingly solid fundamentals, there is no guarantee that it will explode in the next few months - or years. Therefore, even as you invest in the metaverse coins we have listed above or step out to find the next gem, tame your expectations and only invest what you are willing to lose.
eToro – The Best Platform To Buy Metaverse Coins
Open an account with eToro, deposit some funds with USD, and finally – buy metaverse coins for just $10.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Read More:
What Are The Best NFT Cryptos To Buy Now? Our 5 Top Picks
10 Best Penny Altcoins To Buy And Hold For Massive Growth
7 Promising And Cheap Cryptocurrencies To Invest In