Regarding the virtual currency market, which Metaverse coins have higher market capitalization? There are a lot of them, but what are the most promising ones? The coins with the highest market capitalization are Bitcoin (BTC), Ethereum (ETH), and Bitcoin Cash (BCH). These three cryptocurrencies have more than $160 billion combined, making them the most valuable coins on the market. And if you want a higher market capitalization, trade with the official platform of the highest coin recorded because it is the safest way to do it. If you want to invest in a metaverse coin, this is more to focus on.
In this article, We will talk about Sandbox (SAND), Enjin (ENJ), Bloktopia (BLOK), and Decentraland (MANA). Keep reading to find out which of these virtual coins has the most potential. Here are some of the reasons why. Many people have already used this software for cryptocurrency trading.
SAND is a cryptocurrency used for the Sandbox metaverse. Sandbox has a unique system of tokens that are exchangeable between ETH and the native cryptocurrency of the metaverse. In addition to this, SAND holders can participate in its governance and stake their tokens to maximize earnings. You can purchase SAND on various exchanges. The project’s underlying technology is based on the transfer of user-to-user assets. It is intended to attract many players.
MANA is a cryptocurrency used to buy virtual world goods, avatars, and services. MANA prices have fluctuated with the general trend of the market. The price of MANA surged in the crypto market bull run in 2017, 2018, and 2021. But then, the cryptocurrency fell dramatically, as a massive one-day drop occurred in March. MANA prices subsequently consolidated and ended 2020 for USD 0.08, more than double what they started the year.
Having a much higher market cap than other Metaverse coins isn’t surprising. The crypto community is interested in the metaverse, an open-source, decentralised virtual world. Cryptographic protocols will be created and deployed to manage digital value. NFTs on the Polygon Network will make transactions fast and inexpensive. Despite the current bearish trend, the metaverse is still a promising investment.
Enjin has a market cap of $1.2 billion and is the seventh-highest Metaverse crypto coin. It is also the 75th largest cryptocurrency overall. Its most recent pivot towards the metaverse has come in a new blockchain called Efinity. The Efinity blockchain is built to be used specifically for applications within the metaverse. One major project on this blockchain is Newscrypto, which currently has a $42 million market cap and a $2.8 million 24-hour trading volume.
Enjin (ENJ) is a metaverse coin. The Enjin Coin, a metaverse-based cryptocurrency built on the Ethereum blockchain, has a market cap of $648 million. Since its introduction in 2017, its price has increased by more than 4077 percent. The coin recently launched the first NFT para chain on Polkadot, boosting its market cap by over $22 million. However, before the coin can recover its losses, investors need to watch out for plumbing problems.
Enjin has a higher market cap than Decentraland. In the cryptocurrency space, Enjin has a bigger market cap than Decentraland. The virtual world was founded in 2009, and the team behind it includes Maxim Blagov and Witek Radomski. They are a team of experienced entrepreneurs with marketing, creative direction, and software project management backgrounds. Their newest product, the Enjin Token, has been dubbed the future of gaming.
Ontology is a digital currency that started as a NEP-5 token on the NEO blockchain, equivalent to the ERC-20 token on the Ethereum blockchain. After gaining traction, Ontology moved to its blockchain in June 2018. While both have the same parent company, the two have somewhat different goals. NEO has worked with Ontology to develop the NEO smart contract ecosystem.
Above, we have told you that top metaverse coins have higher market capitalization. The market capitalization of the top Metaverse coins is indicative of their popularity and potential. While some coins may have lower market capitalizations, they may still have a higher potential to grow in value. As with any investment, do your research before making a decision.