Top 5 Most Traded Metaverse Cryptocurrencies Today (January 12) – The VR Soldier

Metaverse cryptocurrencies are prevalent among traders in 2022, with a combined transaction volume of over $ 5.1 billion in the past 24 hours. This article takes a look at the five most traded Metaverse crypto coins today, ranked by trading volume, from low to high.

# 5 Enjin Coin (ENJ) – $ 243 million

Enjin is a blockchain for users to create custom NFTs and has established itself as one of the leading blockchains for Metaverse projects. Enjin has a popular mobile app with over 1.7 million installs.

The Enjin ecosystem offers features for individuals, businesses and developers. Enjin makes it easy for individuals to explore the Metaverse with carefully designed products to help manage NFTs and Cryptocurrencies. Enjin’s end-to-end solution enables businesses to use NFTs to grow their brands for businesses.

Finally, for developers, Enjin provides a versatile SDK and a robust API for developing NFT-based projects; no blockchain coding experience is required.

Enjin’s latest business in the metaverse includes its Efinity blockchain, built from the ground up to provide an ecosystem for consumers and developers to exchange NFT items.

We’re starting to see some great apps developing on Enjin, including Age of Rust, with a first-person adventure game that allows users to collect in-game NFTs to solve puzzles.

Enjin is worth watching in 2022 as its platform and ecosystem continues to grow. In addition, the integration of Enijn into the Polkadot network only strengthens the long-term feeling of both projects.

You can buy ENJ on Binance, Coinbase, KuCoin, Kraken, etc.

# 4 Axie Infinity (AXS) – $ 323M

Axie Infinity is one of the most popular Metaverse crypto coins on the market. It features a game world filled with Axies, Pokemon-inspired creatures that users can collect and upgrade. The object of the game is to raise, collect and build kingdoms for their Axies and increase their wealth.

Various game modes are available, many of which pit players against each other using multiple strategies and tactics to reach the leaderboards. Additionally, players can complete quests, defeat bosses, and unlock detailed scenarios.

Axie Infinity was initially built on the Ethereum blockchain, but the team is developing a unique blockchain called Ronin that was developed specifically to accommodate the game’s high user base and transaction volume.

In the latest news, Axie Infinity announced plans to reduce the supply of one of its SLP tokens, which is among the largest numbers of Metaverse cryptocurrency holders.

As such, traders should not be surprised to see bullish momentum for the SLP token in the coming months.

There are reports of users earning a living wage just by playing Axie Infinity, and the project has some of the highest community support when it comes to crypto. Even with an insanely high valuation of $ 4.7 billion, AXS could easily see a further increase in value as the general public joins its metaverse.

Additionally, with the Axie Infinity team actively working to reduce the supply of SLP, it’s worth keeping an eye on the price of Smooth Love Potion in the months to come.

You can buy AXS on Binance, KuCoin, Gemini, Coinbase, etc.

You can buy SLP on Binance, KuCoin, FTX, Gemini, Crypto.com, and more.

# 3 Décentraland (MANA) – $ 323 M

Decentraland is the pioneer of 3D Metaverse experiences, with the most popular blockchain-based platform on the market. Decentraland is open to anyone to explore using just a browser and wallet like MetaMask.

Decentraland is built on the Ethereum blockchain and features the MANA token, which is used as the native currency on the platform. Users can buy plots of land from Decentraland and monetize them to earn passive income. However, keep in mind that LAND prices are currently astronomical and cost over $ 10,000.

One of Decentraland’s most popular activities right now is playing poker in its virtual casino. Decentral Games has built a casino in the Decentraland metaverse, allowing users to win real money at certain free gaming tables.

Decentraland has some of the fastest growing ecosystems on the market, and while its graphics are somewhat outdated, it is king when it comes to utility and user base.

As Decentraland continues to develop its ecosystem, there is no shortage of contests and giveaways for new users. Today Parcel announced its giveaway for its Palace structure that users can use in Decentraland. To participate, be sure to check out the Tweet below:

As the leader in Metaverse crypto coins, Decentraland is my favorite because it has the most utility. Even though the graphics may be out of date, it wouldn’t be that difficult for Decentraland to release a graphics update in the future or for users to create graphics packs similar to how GTA and Minecraft fans did. HD graphics upgrades.

Decentralnad is still in its infancy, and even though its market cap is in the multibillion dollar range, MANA could easily 2X-3X in 2022.

You can buy MANA on Binance, Coinbase, KuCoin, FTX, etc.

# 2 The Sandbox (SAND) – $ 1.13 billion

The sandbox is one of the most anticipated projects of this year. After a successful alpha in December 2021, The Sandbox captured the attention of consumers. Additionally, there have been reports of retail investors betting on The Sandbox’s future, making it a great long-term catch for 2022 and beyond.

What makes The Sandbox unique is that it has much higher quality graphics than any of its competition. Plus, since users have to download a desktop client to play The Sandbox, the experience and immersion is much better than just the browser experience.

In the latest news, we saw Snoop Dogg announce the development of the Snoopverse in The Sandbox. Soon after, a collector named P-Ape purchased land in The Snoopverse for over $ 450,000.

In other news, The Sandbox is gearing up for another land sale on January 13, so if you missed your chance to buy land, it’s tomorrow.

There will be a total of 61 LAND, 95 LAND Preium and 7 DOMAINS available for purchase.

The sandbox currently enjoys a valuation of $ 4.7 billion, making it the third largest Metaverse crypto coin on the market. The SAND ecosystem is still in its infancy, and while the current valuation appears high, once their metaverse opens to the public, the influx of users could quickly push SAND to a new all-time high.

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

# 1 WEMIX (WEMIX) – $ 1.16 billion

Today, the most traded Metaverse crypto coin is WEMIX, a custom blockchain project made by South Korean gaming platform WEMADE. The WEMIX network offers various blockchain games to be won with one of the most robust platforms on the market.

WEMIX’s blockchain solves the problem of low transaction throughput and high fees, making it perfect for blockchain-based games. WEMIX uses a mix of private and public blockchain functions, linking them to intermediary chains under a hybrid structure.

Currently, WEMIX offers various services in addition to its selection of blockchain-based games. The WEMIX Wallet allows users to store their tokens on mobile and desktop devices. There is scope, WEMIX’s custom block explorer. Finally, the project recently added WEMIX Auction, an NFT marketplace that allows users to access various items using WEMIX tokens.

WEMIX offers some of the best game selections on its platform and its utility for the token continues to grow. With the hype surrounding this project and the speed at which the team continues to expand their ecosystem, WEMIX makes for a great project to watch in 2022.

You can buy WEMIX on Bithumb, Gate.io, Coinone, Upbit, etc.

Disclosure: This is not trading or investment advice. Always do your research before buying a cryptocurrency.


Also read:

Top 5 Metaverse Cryptocurrencies Under $ 10 To Watch In 2022

Follow us on twitter @thevrsoldier to stay up to date with the latest cryptocurrency news!

Image source: wanpatsorn / Shutterstock.com

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