Top 5 Metaverse Crypto Coins With a Market Cap Over $2 Billion – The VR Soldier

Cryptocurrency Metaverse is undoubtedly the current buzz in the crypto markets. With so many Metaverse cryptocurrencies seeing multi-billion dollar valuations, it’s no surprise that projects with Metaverse use cases do very well. This article discusses the top five Metaverse cryptocurrencies with a market capitalization of over $2 billion, ranked by project valuation, from lowest to highest.

#5 Enjin Coin (ENJ) – $2 billion

Launched in June 2018, Enjin is a custom blockchain that allows users to create custom NFTs. Enjin has established itself as one of the major block chains for NFTs and has recently pivoted towards the Metaverse through their Efinity project.

The Enjin ecosystem provides features to businesses, developers, and individuals. Enjin’s complete NFT solution enables companies to grow their brands. In addition, Enjin SDK provides with a powerful NFT development API for developers.

Enjin makes it easy for individuals to explore the Metaverse and manage NFTs and crypto assets. The project features its mobile app with over 1.7 million downloads, making it easy for new crypto investors to get on their feet with NFTs and Web3.

Enjin continues to expand its Metaverse ecosystem with several DeFi and GameFi applications. Enjin recently featured Kingdom Karnage on Twitter.

Kingdom Karnage is a virtual trading card game available on PC and Android devices. All assets are tokenized and denominated in Enjin Cryptocurrency.

Enjin is trading at $2.41 with a volume of $189 million when writing over 24 hours. It has a market capitalization of $2 billion, with a circulating supply of 847 million tokens.

Enjin peaked during the November 2011 rally, when it reached a high of $4.6. As their ecosystem continues to grow and evolve, the ENJ token holds a great long-term holding, and the current price of $2.41 is a great entry point.

You can buy ENJ on most major exchanges like Binance, Coinbase, KuCoin, Binance, FTX, and more.

4- Theta Network – $4.1 billion

Launched in 2018, Theta Network is a new generation of blockchain for entertainment and video. Its platform features a strong ecosystem consisting of NFT clusters and dApps.

THETA is the platform’s native currency, used to buy NFTs, access different platforms, and more.

THETA’s NFT platform is the highest rated, with notable celebrities like Katy Perry launching their own NFT collections. Additionally, THETA has received endorsement from Steve Chen, co-founder of YouTube, which makes this project an understatement.

THETA is preparing for the release of the TNT-20 Governance Standard TDROP token, scheduled for February 2022. In addition, THETA has a streaming platform that enables users to earn TFUEL tokens.

THETA Network saw incredible price gains last year, hitting a new all-time high in April 2021 when it reached $13. Currently, THETA is trading at $4.14, 30% of its all-time high. THETA has great potential this year as it managed to stay in the top 5 Metaverse cryptocurrencies with the highest market capitalization, even after this month’s bearish momentum.

Additionally, THETA shared on Twitter today that their traffic has tripled in just two months, demonstrating the exponential growth of their ecosystem.

You can buy THETA from most of the major exchanges like Binance, KuCoin, Crypto.com and more.

#3 Axie Infinity (AXS) – $4.4 billion

You may have heard of Axie Infinity, which was launched in March 2018. It is one of the most popular cryptocurrencies available in the Metaverse. Axie Infinity features a Metaverse filled with Axies, cute creatures inspired by Pokemon that are NFTs. The goal of the game is to collect, breed and upgrade your axe and grow your fortune.

Axie Infinity includes multiple game modes. Players can compete against each other, complete quests, defeat bosses, and follow the events of the in-depth story.

Axie Infinity was initially built on Ethereum, but the team is developing Ronin, a blockchain that is unique to Axie. Ronin is expressly designed to handle Axie’s high user base and transaction volume.

In recent news, Ronin has accessed more than 250 thousand unique addresses on the blockchain, showing successful progress in its development.

In addition, Ronin currently has more than 2.5 million wallet downloads, which shows the size of its ecosystem. As Axie Infinity continues to expand its platform, AXS could easily break the previous all-time high it reached in November 2021.

In November, AXS reached an all-time high of $160. Its current price of $74 is a strong support level for Axie Infinity, and it would not be surprising to see a bullish reversal in the coming months. As one of the most popular Metaverse cryptocurrencies on the market, AXS has a great long-term holding.

You can buy AXS on Binance, KuCoin, Gemini, Coinbase and more.

#2 The Sandbox (SAND) – $4.5 billion

Upon its launch in 2020, one of the most anticipated Metaverse cryptocurrencies on the market is The Sandbox, a 3D Ethereum-based digital world that combines RPG and MMO mechanics with a gameplay model to earn.

Sandbox offers one of the highest quality immersive experiences because it features a desktop client. The main appeal of Sandbox is the ability of investors to buy the land. Players can monetize and allocate their land in The Sandbox and create some form of passive income in the Metaverse.

In recent news, Snoop Dogg has announced plans to develop his virtual playground in The Sandbox called Snoopverse. In fact, a user recently purchased a plot of land in The Snoopverse for over $400,000!

Currently, SAND is trading at $4.88 with a volume of $819 million over a 24-hour period. It has a market capitalization of $4.4 billion, and a circulating supply of 920 million tokens.

SAND price reached an all-time high in November 2021, when the price peaked at $8. Unlike other cryptocurrencies from the Metaverse, SAND has maintained a high price even after the recent market correction. Sandbox makes for a great long-term project with a high potential for significant earnings by the end of the year.

In recent news, The Sandbox recently completed the sale of land with several properties and land plots, which is indicative of the growing interest in the project.

You can buy SAND on Uniswap, Binance, KuCoin, Gemini, Crypto.com, and more.

#1 Decentraland (MANA) – $5.3 billion

Launched in February 2020, Decentraland is my favorite Metaverse cryptocurrency and a pioneer in 3D blockchain-based virtual experiences. Decentraland is currently the most popular Metaverse platform on the market, with the MANA token having the highest valuation at over $5.3 billion.

Decentralnand lives on the Ethereum blockchain, but the team has been working in partnership with Polygon, a scalable layer 2 solution that will help reduce fees and increase participation on the platform.

Decentralnand’s main attraction is currently for prominent investors looking to purchase land in the Metaverse. Decentraland includes one of the most active land markets, with more than 250 thousand ETH ($829 million) trading on OpenSea.

One of the reasons for Decentraland’s success is its most popular attraction, ICE Poker from Decentral Games, a virtual casino featuring a free to play and play to win model. This is correct; You can play in the casino with free codes and win real value bonuses. The catch is that users have to wear the NFT wearable ICE from decentralized gaming, which can cost quite a bit.

Users use one solution: delegating ICE NFTs to others at a lower rate, generating passive income in the process, and enabling users to play ICE poker without spending a fortune.

Decentraland keeps updating its platform with better controls. In recent news, Decentraland shared an update on Twitter regarding a new control for user avatars:

MANA is currently trading at $2.97, with a volume of $416 million over 24 hours. It has a market capitalization of $5.4 billion, and a circulating supply of 1.82 billion tokens.

MANA reached an all-time high in November when it peaked at $5. MANA experienced one of the sharpest price hikes when it comes to Metaverse coins when it went from $0.75 to $3.5 in 48 hours.

MANA has a real benefit, and Decentraland is currently the leader in the Metaverse cryptocurrency. This project has excellent long-term potential, and as its user base continues to grow, MANA could easily break an all-time high by the end of the year.

You can buy MANA on Coinbase, KuCoin, Binance, FTX, and more.

Disclosure: This is not business or investment advice. Always do your research before buying any cryptocurrency from Metaverse.


Read also:

Top 5 Hottest Metaverse Coins Under $1 to Watch in 2022

Follow us on Twitter Tweet embed To stay up to date with the latest Metaverse news!

Image source: Andrush / Shutterstock.com