Which gaming/NFT crypto token is going to dominate metaverse: ENJIN, MANA, SAND, or some other coin
Which gaming/NFT crypto token is going to dominate metaverse: ENJIN, MANA, SAND, or some other coin
Coin values are cheap because metaverse initiatives are still relatively new; they are frequently much under $1 and, in some cases, less than 1 cent. This makes investing accessible to almost everyone. That does not always mean that every undertaking is worthwhile, though. Out of the coins you listed, I would put my focus on Enjin.
Enjin, established in 2017, provides a global database that enables users to safely and securely store and manage digital gaming items. The platform also streamlines the purchase and selling of NFTs using a user-friendly mobile app that includes QR codes.
On the one hand, this emerging Metaverse coin has had a significant upward pricing trend since it was published on open markets in 2017. For instance, the price per token for early investors would have been just $0.017. Enjin also disclosed in late 2021 that it would raise $100 million to support its Metaverse journey.
The Enjin Coin reached all-time highs of $4.85 in late 2021. This results in an overall growth rate of more than 28,000%. Enjin Coin, however, has already fallen to lows of barely $1.17 as we approach 2022. This indicates that the price of this top-rated Metaverse cryptocurrency coin is much lower than its previous all-time high.
Gala is a different coin with ties to the metaverse and cryptocurrency games that attract investors in Enjin often.
The ENJIN token is used to fund the ENJIN gaming platform and to buy in-game goods and services. Developers may build, maintain, and share games and digital content using the decentralized, cross-platform ENJIN platform. A market for digital products established on the ENJIN platform, the ENJIN Marketplace is also powered by the ENJIN token.
Enjin is one of the early adopters in the NFT field and has a solid staff with experience in the gaming business. Additionally, they have agreements in place with some of the largest brands in the gaming sector, giving them a competitive edge.
Several new metaverse initiatives are popping up, but some have real promise and stand out from the others. In my opinion, Enjin is one of the better ones. Considering how deeply ingrained blockchain and cryptocurrencies are in the metaverse concept, investing in some of these ventures may be a wise decision. NFT looks to be the subject of increasing buzz.
Don't put all of your money—or money you can't afford to lose—on just one type of metaverse currency, as you would with any other investment. Diversifying your holdings and, more importantly, investing in coins you believe in.
Personally, I suppose that not all tokens mentioned below but SENA token. BEP-20 is a potential factor to dominate Metaverse. Moreover, supply chain visibility, materials authenticity, and counterfeit identification, and engineering design for long-term, high-complexity goods are all issues SENA might aid with. Identity management, asset monitoring, quality assurance, and compliance are just a few of the services available.
From the 3 you enlisted I’d leave only ENJ and SAND.
SAND is superior to MANA and has better volumes and traction.
ENJ is an infrastructure project and can accrue value greatly in the future while AAA titles will start using Effinity chain and ENJ to represent in-game value. For your convenience here’s my detailed article on ENJ.
I also wanted to bring to your attention a very interesting VR metaverse project - Victoria VR. It has advanced graphics and very serious venture capital backing. You can find more details
Here are some promising metaverse cryptocurrency coins for 2022.
- ApeCoin (APE) APE is what's known as an ERC-20 token, which means it exists on the Ethereum blockchain.
- Sandbox (SAND).
- Decentraland (MANA).
- Highstreet (HIGH).
- Floki Inu (FLOKI).
- Metahero (HERO).
- Terra Virtua Kolect (TVK).
- Star Atlas (ATLAS).
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