The metaverse concept is quickly gaining traction as more and more people see its potential. For those new to the term, the Metaverse is a virtual world created by the amalgamation of multiple virtual reality systems.
In 2023, experts expect the market for metaverse tokens to grow by a significant margin as investors notice the potential of this technology. While Metaverse is still in the early stages, the token values are low, making it accessible for almost anyone to invest.
Moreover, as the Metaverse continues to gain traction, the value of these tokens is likely to rise, making now a prime opportunity for early adopters.
Metaverse Tokens that May Flourish in 2023
SAND
The Sandbox project is a Metaverse project that has been performing exceptionally well. Its native token is SAND; SAND’s value grew through 2021 before breaking the $1 mark in the final quarter. At the heart of Sandbox is minting and trading NFTs, and players use the tokens to create these NFTs.
The developers of Sandbox have finally given us Alpha Season 3, which is likely to attract over half a million users. The Sandbox’s price is $0.406, with a valuation of over $600 million and a trading volume of $93 million. SAND’s supply is around 1,500,000 SAND. Despite a 4.70% decline in the 24-hour trading volume, The Sandbox remains a strong contender for lucrative returns in the coming year.
ApeCoin
One token with massive potential for returns is ApeCoin. This token functions as a management and utility cryptocurrency. By owning ApeCoins, users gain access to exclusive games and services and the ability to play a role in the oversight of the Ape ecosystem.
At launch in 2017, experts estimated that more than 29% of the coin supply would be in circulation. ApeCoin’s value is $3.6, with a valuation of $1.3 billion and a trading volume of $91 million. The current supply is over 360,000,000 APE. Despite a 6.97% decline in the 24-hour trading volume, ApeCoin remains a strong contender for lucrative profits in the coming year.
Star Atlas
A novel metaverse project, Star Atlas has the attention of gamers with its stunning visuals and futuristic setting. In 2620, players can explore, conquer, and collect resources in this immersive virtual world. The game’s token is ATLAS, which players get through gameplay.
This novel game is an incentive game where players earn coins through achievements and progress. One advantage of Star Atlas is that its developers built it on the Solana platform, which is known for having lower transaction fees. Star Atlas is worth checking out if you’re a fan of futuristic games and want to be a part of a unique metaverse experience.
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