The Metaverse is an exciting concept that has made its way into the crypto market in recent months. Many exciting projects have been established into which crypto investors have entered. However, the bear market poses a new challenge for these projects. What are the Top 3 Metaverse Games for 2023? Let’s talk about those big potentials as the year 2023 is right around the corner 😉
What is Metaverse Crypto?
The metaverse is often a term that many investors talk about but few can explain in depth. Ultimately, the ultimate goal is an alternative, virtual reality in which users can interact with each other and have basically infinite possibilities of pastime.
The main feature of the metaverse is decentralization. Not one or two big players can control the Metaverse. The metaverse is organized decentrally and each person can network with this virtual world and move freely in it. Therefore, blockchain technology can be an ideal foundation for the metaverse.
Why could Metaverse tokens be the future?
The idea of a new version of the Internet, Web 3.0 , has excited many investors in recent months. In Web 3.0, in the Metaverse, the participants not only use the Internet but are part of the new Web 3.0. Blockchain as a decentralized technology is the future of the “new internet”.
This vision is what makes Metaverse Tokens so valuable right now. The growth potential of these Metaverse tokens is huge. The bear market has caused many short-term investors to lose interest and shift focus. But the bear market in particular offers smart investors a very good opportunity to invest in these tokens.
How to Invest in Metaverse?
You can consider the Metaverse as being a sector in the crypto industry. Investing in the Metaverse means that you look out for successful Metaverse games and projects that have the potential of attracting many users, make significant sales, and having their value increase over time. Continue reading to check out our top 3 Metaverse games for 2023. Those projects have listed tokens that you can purchase at low prices as the crypto market is currently at its low.
Can Metaverse tokens bounce back in 2023?
The year 2022 was very difficult for the entire market. In addition to Bitcoin, Ethereum, meme coins and other large altcoins, the Metaverse tokens also fell in value. There is also the factor that the realization of a real metaverse still seems very far away. As a result, interest in these projects fluctuates greatly.
In 2023, however, we could also see a revival of prices in the Metaverse token area. In the last bear market, after a difficult year in 2018, we saw continuous increases in the price of cryptocurrencies in 2019. A market revival could cause the Metaverse tokens to rise again in price.
Top 3 Metaverse Games for 2023
Below we would like to present the 3 big Metaverse tokens that you can invest in and which we believe these projects are very well positioned for 2023 and beyond.
1. ApeCoin (APE)
ApeCoin (APE) is your ERC20 token built on the Ethereum blockchain. It is a governance and utility token that allows you to participate in the Apecoin ecosystem. It also gives you access to games and other products and services that only Apecoin holders have access to.
The ApeCoin is the native token of Otherside, a metaverse game by Yuga Labs. These are also the developers of the extremely popular NFT collection Bored Ape Yacht Club . Most recently, Yuga Labs raised a total of $320 million in virtual land sales that allowed users to purchase small plots of land. So much traffic was generated on the Ethereum blockchain during sales that the gas fees on the Ethereum blockchain increased briefly during this time.
ApeCoin was launched in March 2022 and circulated 30% of its token supply. Most recently, tokens were taken out of circulation to see the price increase. Despite heavier losses in May and June, ApeCoin is currently the #1 Metaverse token, with 35th place in market cap.
2. The Sandbox (SAND)
The Sandbox (SAND) project showed an extremely impressive performance in 2021. In the fourth quarter of 2021, the price of the SAND token rose above $1 for the first time and saw its all-time high of $8.40 in November. However, the bear market struck here too and the token fell back below a price of $1 in 2022.
The Sandbox wants to realize the vision of the Metaverse in the form of a huge game. The Sandbox is supported by many major gaming developers such as Atari. Furthermore, The Sandbox is a game in which users can create and trade their own NFTs using the SAND tokens.
Like many other Metaverse tokens, The Sandbox is based on the Ethereum blockchain. An important aspect is the limited supply of 3 million tokens, which could drive up the price of each token in the future.
3. Decentraland (MANA)
Another big metaverse token that got a lot of attention in 2021 is Decentraland. In Dencentraland, users can buy their own virtual land using the MANA token. These virtual properties and plots of land reached extremely high prices during this time.
Decentraland also benefited from the hype surrounding NFTs at the time. In Decentraland, users could show off their acquired NFTs. Users in Decentraland can also create their own virtual games and other digital assets on their land and offer them to other users.
Is it worth investing in Metaverse Tokens?
The Metaverse or Web 3.0 is an extremely exciting vision of the future. If you believe in the success of the Metaverse, you should invest in one of the projects mentioned. Once we get out of the bear market, we could see massive growth in the projects mentioned again.
The potential of Metaverse Token is as great as that of few other cryptocurrencies. Success in the future is of course not guaranteed, but the risk of an investment could pay off very well in the long term .
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