23 September 2023
While most folks think of investing in Cryptocurrencies, Bitcoin (BTC) is the foremost Cryptocurrency that comes to their minds. Several people who are new with Cryptocurrencies assume that Bitcoin is the sole Cryptocurrency accessible, notwithstanding the reality that there are a number of other options. When Bitcoin was created, it ushered in a fresh, decentralized monetary system that has the potential to transform civilization. It is the most expensive Cryptocurrency token on the market due to its prominence, limited supply, as well as high demand from institutional investors. However, despite the fact that initial Bitcoin investors gained billions, the digital commodity may no longer be among the most valuable ones available at the moment. Investing in Bitcoin nowadays won't provide you the same returns as early adopters.
Also Read: 6 Most Popular NFT Projects For 2022
Cryptocurrency and Information Technology investors are paying close attention to the Metaverse, a new concept that promises to revolutionize both industries. They have the ability to revolutionize the way companies communicate as well as communicate with their customers. They are superior to any other huge-cap Cryptocurrency because of their cheap pricing and lots of opportunity for development. However, this does not imply that every Metaverse currency is good enough to justify the money.
Also Read: How Should NFT Collections Be Promoted?
Bitcoin will be surpassed by the following 5 Metaverse Cryptocurrencies by 2022:
1. Battle Infinity (IBAT)
Several Play-to-Earn games are available on the Battle Infinity (IBAT) platform, which is encircled by a multiverse dubbed The Battle Arena. Players may relish the platform's Metaverse and engage with other players alongside playing games. In order to modernize the game business, this initiative aims to create a truly decentralized system. IBAT Premier League, IBAT Battle Swap, IBAT Battle Market, IBAT Battle Games, IBAT Battle Arena, as well as Battle Stake are all part of the Battle Infinity environment. The $IBAT coin which is the BEP-20 token on the BSC is the backbone of the Battle Infinity environment. It connects the gaming platform with the blockchain, enhancing the environment's overall synergy.
2. Axie Infinity (AXS)
It's among the most popular Metaverse gaming Cryptocurrencies that contains characters called Axies in the game. Axies are Pokémon-type NFTs that may be purchased, bred, and traded by players. Non-gamers are also attracted to the platform because of the game's digital property investment aspect. In-game buys, staked currency, as well as group administration are all possible via AXS coins. Ever since the beginning, AXS has developed immensely. Sales surged at $2.05 billion in 2021, with approximately 1.5 million engaged participants throughout the globe. Because of its Designer's Initiative, which encourages the creation of new gaming features inside the Axie Infinity environment, Axie Infinity is considered one of the top five Metaverse Cryptocurrencies that may exceed Bitcoin by 2022. Axie Infinity encounters may be created and monetized by anybody in the market, regardless of whether or not they have been allowed into the authorized Builders Programme.
3. Decentraland (MANA
Decentraland, a digital reality system, is powered by the Ethereum blockchain. In this digital environment, known as the Metaverse, individuals may build, consume, and monetize mobile applications. Similarly to The Sandbox, you may buy property on which you can construct a range of goods that will allow you to make games or gaming components and sometimes even monetise them. Decentraland was conceptualized by Ariel Meilich as well as Esteban Ordano. Following earning over $26 million through an ICO, the project's group started working on it in 2017. The Beta version of the Decentraland Metaverse was released in 2019, and it wasn't until February 2020 that it was made available to the general public. For the Decentraland Metaverse, MANA is utilized as virtual currency. Metaverse interaction is now possible thanks to MANA. It is possible to pay for services and buy items using MANA tokens on the authorized Decentraland platform.
4. RedFox (RFOX)
It is hoped that RFOX, one of the five best Metaverse Cryptocurrencies that may exceed Bitcoin in 2022, would provide an intensive Metaverse experience for its members. Enterprises, artists, as well as the general public may profit from RedFox's unique combination of banking, gaming, Non-Fungible Tokens, e-commerce, as well as merchandising technologies with VR. The RFOX Cryptocurrency firm has developed enormously since its beginning, thanks to a series of aggressive acquisitions as well as business growth. VR technology for retail is what it excels in. The specific RFOX ID may be used to get the RFOX coin inside the environment. In contrast, the token represents a multi-chain commodity for the Virtual world.
5. Sandbox (SAND)
Pixowl, a company founded in 2011 by Arthur Madrid as well as Sébastien Borget, originally developed The Sandbox (SAND) for cellphones in 2011. The game is a resounding hit. Over 40 million people across the world have downloaded The Sandbox, a smartphone game created to combat Minecraft. Since its initial introduction on June 23, 2016, The Sandbox and its sequel, The Sandbox Evolution, have produced over 70 million universes. Animoca Brands, a Hong Kong-based game development firm, bought The Sandbox in 2018. In the same vein as Roblox and Minecraft, Animoca Brands developed the Sandbox platform, which features Voxel->
Metaverse currencies are the greatest bet for those looking to benefit from Bitcoin's depletion. The top five Metaverse Cryptocurrencies listed above have shown their capability by effectiveness, reputation, as well as major utility, and they're expected to exceed Bitcoin by the end of 2022.
Disclaimer: The author’s thoughts and comments are solely for educational reasons and informative purposes only. They do not represent financial, investment, or other advice.