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See which are the main cryptocurrencies of the metaverse for you to take advantage of the leverage that these digital currencies are providing to investors who decided to bet on the potential of this new opportunity in the digital environment
It seems that the cryptocurrencies of the metaverse will be the big stars of this market that has been revolutionizing digital investments in recent times.
In recent months we have seen these crypto assets perform far above Bitcoin – BTC, the benchmark currency among thousands of digital currencies.
The Metaverse is a virtual reality and augmented reality environment where people can interact with each other through avatars, and migrate from one environment to another taking everything they have acquired in other environments.
For those who already know Second Life, a game in a virtual environment where you can be whatever you want and create a series of environments and acquire goods through your avatar, the idea of the metaverse may not seem so innovative, but it’s just something much bigger.
In the current version, the metaverse will be a place that intends to encompass the entire digital society, where you can, for example, meet your friends, on social networks, participate in competitions, do business and even have relationships.
In this scenario, metaverse cryptocurrencies will play an important role, as many of the actions that will take place in this virtual environment will involve buying and selling, remuneration for content, and other commercial relationships, like those that happen in the real world.
It may seem like a futuristic environment, science fiction stuff, but believe me, all this will be a reality in a very short time. In fact, it’s already happening now and many analysts are betting that this will be the next Internet revolution.
With new technologies that are emerging, such as 5G, virtual reality glasses, and high-performance headphones have made this whole idea possible and many of the big players in the digital world are already betting heavily on this new trend.
Much of the interest in Metaverse Cryptocurrencies comes from the fact that heavy investments are already being made in this area by major players in the digital world.
The highlight in recent months was Facebook, which, in addition to changing the name of the company itself to Meta, declared that it intends to invest heavily in the metaverse, which will be seen as the master guideline for the company’s future.
Proof of this is that Mark Zuckerberg announced the creation of Facebook Reality Labs, a unit of the company fully dedicated to the development of virtual reality in the company.
The project is expected to employ approximately 10,000 people at the company’s technology development units across the United States and Europe.
Other market giants such as Microsoft and Google have also started to conquer their place in this new market and this is precisely what has been driving the appreciation of cryptocurrencies in the metaverse in recent months.
But the thing doesn’t stop there. Other companies, such as Sony and Samsung have also joined this new trend and are forming a true development and technology consortium to make this true revolution possible.
In this virtual world, there will be several commercial transactions, such as the purchase of items and payments to access certain content, such as artist concerts and other activities.
In addition, with the growth of this market, other business opportunities will arise, such as digital marketing in the metaverse, which will have paid media priced in cryptocurrencies.
The performance of metaverse cryptocurrencies has been far surpassing that of the largest, most traditional cryptocurrencies on the market and other more recent digital crypto assets such as DeFis, in the area of decentralized finance.
The market value of cryptocurrencies in the metaverse continues to grow, being a great opportunity for those who want to make money in this type of investment.
So that you don’t stay out of this metaverse cryptocurrency bullish movement, our team has listed the main coins in this segment so you can research and make your investment decisions.
Among the various ideas to make money on the Internet, investing in cryptocurrencies has been the option of many people. So let’s see what are the main opportunities in the metaverse cryptocurrency area.
Axie Infinity – AXS
One of the darlings of cryptocurrency investors in the metaverse, it has been showing a significant appreciation in recent months, which has been attracting more investors.
With a focus on the gaming universe, this cryptocurrency is used for purchase, performance pay, and other activities on gaming platforms.
Decentraland – MANA
Another of the metaverse cryptocurrencies that have been standing out a lot in recent times due to its valuation and market prospects
Decentraland is based on the Ethereum – ETH blockchain and aims to allow its users to create items to be traded and also monetize content.
The Sandbox – SAND
One of the metaverse cryptocurrencies that has been standing out is The Sandbox, which focused on the games market that has been showing a good appreciation and attracting new investors.
Another cryptocurrency based on the Ethereum blockchain, it supports the game of the same name, where participants can trade their creations through Non-Fungible Tokens, NFTs.
Enjin Coin – ENJ
Enjin Coin allows the creation and trading of in-game items on the Ethereum blockchain enabling them to be bought, sold, and traded with real-world value.
In addition to their appreciation potential, another good reason to invest in metaverse cryptocurrencies is that they serve as a cushion for the wallet as they do not usually suffer so much when large cryptocurrencies like Bitcoin, for example, fall.
Illuvium – ILV
Another metaverse cryptocurrency that has been standing out in the gaming area is the Illicium, the game’s currency of the same name. This asset has been at a very consistent high in recent months.
As in other cases, ILV is used to reward players for their in-game achievements. Another success in the case of Play to Earn games is a crypto asset that is on the radar of many investors.
The HUSL – HUSL
Escaping a little from the area of games, The HUSL is a metaverse cryptocurrency focused on the music area, another great bet in this virtual environment and still little known to investors.
Launched in September 2021, its proposal is to give musicians back the power to interact on their own terms and according to their own will. If you remembered iTunes early on, it makes sense.
Of course, the universe of metaverse cryptocurrencies is not limited to those listed above. We also have others like Star Atlas – ATLAS, Polygon – MATIC, MetaHero – HERO, WAX – WAXP, and many others.
As Ethereum’s volatility is lower than Bitcoin‘s, and many of the metaverse’s crypto assets are based on the Ethereum blockchain, they tend to cushion the impact of dips in diversified portfolios.
We know very well that to make money with cryptocurrencies you have to be very cautious, as the market is extremely volatile, and in this case, metaverse cryptocurrencies can function as both wallet leverage and protect assets.
Now that you know the main cryptocurrencies of the metaverse, it is just a matter of analyzing this investment option and making your decision.
