Best Metaverse Coins to Buy

What is the Metaverse and why is everyone talking about it lately? In simple terms, the Metaverse refers to a virtual reality (VR) world and ecosystem, a new digital universe that combines virtual and physical reality.

The original definition of the metaverse can be traced back to a science fiction novel in 1992, in which a virtual world is created where people can interact using digital avatars. Social media giant Facebook, now renamed "Meta", envisions a real-time simulated 3D world network for games, software, social networking platforms, decentralized finance (DeFi), business and leisure.

Meta’s cryptocurrency project Libra (Diem) has been suspended, but the popularity of the Metaverse has led many retail investors to start investing in Metaverse coins. So what are the best Metaverse coins to buy in December 2023?

Best Metaverse Coins to Buy in December 2023

The Sandbox - Best NFT Gaming Metaverse Cryptocurrency

Ankr - Metaverse cryptocurrency for decentralized cloud computing development

Axie Infinity - A Cryptocurrency with Fun Gameplay

Gala - A high potential cryptocurrency for the development of the decentralized gaming industry

Decentraland - an exciting metaverse cryptocurrency for a 3D virtual world ecosystem

Enjin - A Metaverse Cryptocurrency Aiming to Develop the NFT Gaming Industry

Ethereum - Best Metaverse Blockchain Platform

SushiSwap - Metaverse decentralized exchange for exchanging cryptocurrencies and NFTs

Top Metaverse Coins to Buy Right Now – Full List

Now that you know what Metaverse coins are and where to buy them, you might be wondering which Metaverse coins are the best investment options and what they are used for. Here is a list of the best Metaverse coins with a short introduction about their projects.

The Sandbox (SAND) - Best NFT Gaming Metaverse Cryptocurrency

The Sandbox is an Ethereum-based game developed by Animoca Brands. It is an iOS and Android compatible mobile game where players can create and sell non-fungible tokens (NFTs) of various items in the game. For example, users can create avatars, use them in the game, buy weapons and costumes for them, increase their value, and then sell them.

Avatars can also become in-game land owners by purchasing plots of land. These plots of land can increase in value by purchasing a variety of assets on the Sandbox Marketplace. They can then sell their plots of land to earn rewards, or rent them out to other avatars. They can even hold conventions on their plots of land and charge participants an entry fee.

The Sandbox also has a native cryptocurrency called SAND, which is used to pay transaction fees within the ecosystem and earn rewards. SAND tokens are also used as governance tokens, allowing holders to vote on project-related changes. As an ERC-20 token, SAND holders can also stake it to generate returns.

The circulating supply of the SAND cryptocurrency is 3 billion SAND coins, with over 1 billion coins currently in circulation. The current value of the cryptocurrency is $2.7 and the market cap is over $3 billion, making it one of the top 39 crypto assets by market cap.

Buy Sandbox
Your capital is at risk.

Ankr - Metaverse cryptocurrency for decentralized cloud computing development

ANKR is the native cryptocurrency of the Ankr project, which was founded by Chandler Song and Ryan Fang in 2017. The team behind the Ankr ecosystem set two main goals - to assist cloud computing development and make the proof-of-stake mechanism more convenient for users. The project launched a decentralized cloud computing network that combines the unused capacity of idle machines to provide decentralized cloud computing services instead of a single provider.

There are significant differences between traditional cloud computing and decentralized cloud computing. The latter is not controlled by a single party, has higher security, and you have more control over your data. In addition, transaction verification is faster and transaction fees are significantly lower, compared to centralized services.

Ankr also provides an important feature that makes the proof-of-stake mechanism more accessible. So, if you want to run a node, you need to stake a certain amount of tokens, and this number varies from cryptocurrency to cryptocurrency. For example, to run an Ethereum node, you need to stake at least 32 ETH tokens, which may not be available to many users. Therefore, Ankr makes it possible to stake a lower number of tokens than required, making proof-of-stake more accessible.

The project is powered by the ANKR cryptocurrency, an ERC-20 based token used within the network to pay transaction fees. The maximum supply of the ANKR cryptocurrency is 10 billion tokens, with more than 8 billion coins already in circulation. The current market cap of the cryptocurrency is nearly $600 million, ranking 112th.

Buy Ankr
Your capital is at risk.

Axie Infinity - A Cryptocurrency with Fun Gameplay

Axie Infinity is an Ethereum-based online NFT game developed by the Vietnamese company Sky Mavis and launched in 2017. In the game, players can own so-called Axies, digital creatures based on Mexican upside-down crocodiles. Players can cultivate, breed, train and fight other Axies. They can also build their own Axie kingdom or sell their little creatures as NFTs on the Sky Mavis marketplace.

The Axie Infinity game launched the AXS cryptocurrency to support the network. AXS is a governance token, meaning holders have the right to vote on changes related to Axie Infinity. Additionally, AXS can be staked in staking pools to help you generate yield. Since Axie Infinity is one of the most popular games in the industry, AXS may be a good investment option. According to active player data, Axie Infinity has over 2.2 million active daily players and over 2.6 million active monthly players in the past 30 days.

Buy Axie
Your capital is at risk.

Gala - A high potential cryptocurrency for the development of the decentralized gaming industry

Gala Games is another popular Metaverse project that provides a platform for creating play-to-earn games. The project was created in 2019 and has attracted over a million users to date. Town Star is still the only popular game developed on the Gala platform, but there are many other games in the process of development.

Gala also has a native cryptocurrency called GALA, which is used to buy and sell game items in games created on the platform and to pay transaction fees. GALA can also be staked to earn returns. The maximum supply of the Gala cryptocurrency is unknown, but the circulating supply is close to 7 billion tokens, and the current price is $0.2, ranking 66th in market capitalization.

Buy Gala
Your capital is at risk.

Decentraland - an exciting metaverse cryptocurrency for a 3D virtual world ecosystem

Decentraland is another fascinating metaverse project, a 3D virtual world where users can buy land as NFTs. The project was developed by two Argentinians and launched in 2017. Decentraland first launched Genesis City, which included more than 90,000 plots of land. When Facebook announced the name change to Meta, the value of land rose between 2021 and 2022, and even sold for $6,000-100,000. Eventually, Decentraland became so popular that even companies such as Adidas, Samsung, and Atari appeared in this metaverse world.

Decentraland's native cryptocurrency is MANA, which can be used to purchase in-game LAND NFTs, sell your own LAND and avatars, or purchase in-game items and services. MANA is also a governance token, so holders can participate in the voting process regarding project decisions. The current value of the MANA coin is $2.17, making it the 33rd largest cryptocurrency by market cap.

Buy Decentraland
Your capital is at risk.

Enjin - A Metaverse Cryptocurrency Aiming to Develop the NFT Gaming Industry

The Enjin cryptocurrency project was developed in 2009 by Maxim Blagov and Witek Radovski with the goal of developing the gaming industry. It was one of the few projects established before the rise of cryptocurrencies, and the project developers managed to attract nearly 20 million users. Enjin conducted an initial coin offering in 2017, raising more than $20 million in funds to build its new blockchain.

Enjin provides a platform where users can create game items and use them in Ethereum-based games. Enjin also provides a marketplace where users can easily sell their digital assets and pay low fees. The native token of the ecosystem is ENJ, and all assets created on the platform are bought and sold with ENJ coins.

The current value of the ENJ token is $1.58, with a market cap of nearly $1.4 billion, ranking 77th in the market cap ranking. Enjin's maximum supply is 1 billion tokens, and there are already more than 800 million ENJ coins in circulation. In addition to the services it provides in the gaming community, Enjin also provides a decentralized software wallet where users can store a variety of cryptocurrencies, including Bitcoin, Dogecoin, NFT, etc.

Buy Enjin
Your capital is at risk.

Ethereum - Best Metaverse Blockchain Platform

Ethereum is the second largest cryptocurrency project by market capitalization and is considered one of the most successful projects in the DeFi industry. It was developed by Canadian-Russian programmer Vitalik Buterin in 2013 and quickly became one of the hottest trading assets in the cryptocurrency market.

Ethereum provides an open-source platform that developers can use to build decentralized applications and programs. As one of the best Metaverse Coin projects, many of the Metaverse Coin projects we mentioned above are built using the Ethereum blockchain, including Gala, Decentraland, ANKR tokens, and more.

Ethereum’s native cryptocurrency is ETH, which is currently trading at $3,000 with a market cap of $368 billion. The ETH token is versatile and can be used to pay for gas fees to run smart contracts within the Ethereum ecosystem. It is also a tradable asset listed on several major cryptocurrency exchanges. ETH can also be exchanged with a variety of cryptocurrencies, and since it uses a proof-of-stake mechanism, you can also stake your ETH tokens to generate yield.

Buy Ethereum
Your capital is at risk.

SushiSwap - Metaverse decentralized exchange for exchanging cryptocurrencies and NFTs

SushiSwap is another Ethereum-based cryptocurrency project that was founded in 2020 by a team or individual named Chef Nomi. It launched a decentralized exchange on which users can buy and sell cryptocurrencies. Similar to Uniswap and Balancer, SushiSwap uses the mechanism of a pool where multiple users lock their crypto assets, which are then used for buying and selling on the platform.

Users who buy and sell assets on the SushiSwap platform are required to pay transaction fees, which are used to reward users who lock their assets in the pool. The project's native cryptocurrency is SUSHI, a governance token used for the Sushi Swap DEX. SUSHI holders can also stake to generate profits. The current circulating supply of SUSHI is 127 million SUSHI coins, with a market cap of nearly $404 million.

Buy SUSHI
Your capital is at risk.

What is Metaverse Coin?

Metaverse coin refers to a virtual platform that combines cryptocurrency, video games, and NFTs to build an ecosystem in which users can purchase various forms of NFTs assets, upgrade them, and trade them on the corresponding markets.

What is the total market value of Metaverse Coin?

Ethereum’s ETH has the largest market cap among Metaverse coins ($360 billion). Other popular Metaverse coins include Decentraland’s MANA (market cap over $3.8 billion), The Sandbox’s SAND (market cap over $3.1 billion), and Axie Infinity’s AXS (market cap over $2.8 billion).

How to buy and trade Metaverse Coin?

Metaverse Coin is supported by several cryptocurrency exchanges, so to buy Metaverse Coin, you need to create an account on your preferred brokerage platform, deposit funds, and start buying the coin.

Where to trade Metaverse Coin?

Many of the best Metaverse coins have extremely high volatility, which means you can trade them effectively and earn high returns. But in order to trade effectively, you need to choose a good cryptocurrency brokerage platform.

How to buy Metaverse Coin with eToro step by step?

Now that you are familiar with the best Metaverse coins and understand the best platforms to invest in them, you may be interested in buying them. Below is a step-by-step guide that explains how to buy Metaverse coins using eToro.

Open an eToro account

First, you need to visit the official website of eToro and create an account. In the registration window, fill in your email and create a username and password. However, you will need to provide more details to complete the registration process, including your first name, last name, date of birth, etc.

Deposit Funds

Finally, when you have a verified account, you can deposit funds into your account. eToro supports a variety of payment methods, including bank cards, wire transfers, Skrill, Neteller, and PayPal. To top up your account, click the "Top Up Funds" button and select the payment method that suits you. eToro does not charge any deposit fees, but does charge a small conversion fee for non-USD transactions.

Choose a Metaverse Coin and buy it

After your account has been funded, you can decide which Metaverse coin or coins to buy, search for that coin and click the "Trade" button. A window will pop up where you will need to fill in the amount of coins you want to invest and complete the order, after which your coins will be instantly transferred to your trading account.

Where to trade Metaverse Coin?

Many of the best Metaverse coins have extremely high volatility, which means you can trade them effectively and earn high returns. But to trade more effectively, you need to choose a good cryptocurrency brokerage platform. With hundreds of options on the market, finding a good brokerage platform can take a lot of time. You need to check several factors before choosing the platform that’s right for you, including security systems, transaction fees, user interface, features, and more.

eToro is a regulated and professional brokerage platform that we recommend. In addition to various Metaverse coins, you can also trade a variety of other assets on eToro, including stocks, forex, commodities, and indices, without paying commissions. eToro is very suitable for novice traders and provides an excellent user experience with a simple design and a wide selection of trading tools. The brokerage platform also offers a decentralized cryptocurrency wallet called Money, where you can store, buy, sell, and convert hundreds of tokens and currencies.

Binance is another excellent choice, supporting the trading of over 500 tokens and NFTs. It is the largest cryptocurrency exchange by trading liquidity. Binance is designed for professional traders and offers a variety of advanced trading tools. The platform offers one of the most competitive trading fees in the industry, and these fees vary by coin. Like eToro, Binance also offers a software wallet called Trust that you can use to store your cryptocurrencies.

Crypto.com is another trusted cryptocurrency exchange where you can buy, trade, and stake over 250 cryptocurrencies and NFTs. Founded in 2016, the platform has attracted 10 million users worldwide and offers services in 49 states in the United States. Crypto.com stands out with its highly competitive pricing structure, which makes its fees more cost-effective for high-volume traders.

How to buy and trade Metaverse Coin?

To buy and trade Metaverse coins, you need to find a cryptocurrency exchange or brokerage platform that supports the coin of your choice. Fortunately, most of the best Metaverse coins we recommend are supported by cryptocurrency exchanges. On the other hand, this makes choosing a good platform time-consuming, as these platforms differ in several features.

Overall, we recommend using eToro, which is a regulated and professional brokerage platform. In addition to various Metaverse coins, you can also trade a variety of other assets on eToro, including stocks, forex, commodities, and indices, without paying commissions. eToro is very suitable for novice traders and provides an excellent user experience with a simple design and a wide selection of trading tools. The brokerage platform also has a decentralized cryptocurrency wallet called Money, where you can store, buy, sell, and convert hundreds of tokens and currencies.

Another excellent choice is Binance, which supports trading of over 500 tokens and NFTs. It is the largest cryptocurrency exchange by trading liquidity. Binance is designed for professional traders and offers a variety of advanced trading tools. The platform offers one of the most competitive trading fees in the industry, and these fees vary by coin. Like eToro, Binance also has a software wallet called Trust that you can use to store your cryptocurrencies.

Crypto.com is another trusted cryptocurrency exchange where you can buy, trade, and stake over 250 cryptocurrencies and NFTs. Founded in 2016, the platform has attracted 10 million users worldwide and offers services in 49 states in the United States. Crypto.com stands out with its highly competitive pricing structure, which makes its fees more cost-effective for high-volume traders.

How to buy Metaverse Coin with eToro step by step?

Now that you are familiar with the best Metaverse coins and you know which is the best platform to invest in these best Metaverse coins, you might be interested in buying them. Below is a step-by-step guide that explains how to buy Metaverse coins using eToro.

Open an eToro account

First, you need to visit the official website of eToro and create an account. In the registration window, fill in your email and create a username and password. However, you will need to provide more details to complete the registration process, including your first name, last name, date of birth, etc.

Verify Account

Finally, when you have a verified account, you can deposit funds into your account. eToro supports a variety of payment methods, including bank cards, wire transfers, Skrill, Neteller, and PayPal. To top up your account, click the "Top Up Funds" button and select the payment method that suits you. eToro does not charge any deposit fees, but does charge a small conversion fee for non-USD transactions.

Choose a Metaverse Coin and buy it

After your account has been funded, you can decide which Metaverse coin or coins to buy, search for that coin and click the "Trade" button. A window will pop up where you will need to fill in the amount of coins you want to invest and complete the order, after which your coins will be instantly transferred to your trading account.

Where to trade Metaverse Coin?

Many of the best Metaverse coins have extremely high volatility, which means you can trade them effectively and earn high returns. But to trade more effectively, you need to choose a good cryptocurrency brokerage platform. With hundreds of options on the market, finding a good brokerage platform can take a lot of time. You need to check several factors before choosing the platform that’s right for you, including security systems, transaction fees, user interface, features, and more.

Another advantage is that eToro has a smart portfolio called “Metaverse Life” where you can copy trades to adjust your portfolio weights to the best Metaverse coins and the best stocks related to the Metaverse, such as Roblox Inc.

You can also check out our list of the best VR crypto projects to get an idea of what you should buy right now.

Summarize

In summary, the Metaverse coin industry is developing rapidly, and more and more innovative projects are appearing on the market. But the market is also full of speculative assets that may be popular for a period of time and then collapse and lose value. This means that you need to explore the market to find the most trustworthy and promising coins.

After careful research, we have compiled a list of the best Metaverse coins to buy, covered the best platforms to buy and trade Metaverse coins, and provided a step-by-step guide on how to invest in Metaverse coins with eToro.

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Frequently asked questions

What is Metaverse Coin in the Cryptocurrency Market?

Metaverse coin refers to a virtual platform that combines cryptocurrency, video games, and NFTs to build an ecosystem in which users can purchase various forms of NFTs assets, upgrade them, and trade them on the corresponding markets.

What are the best Metaverse coins right now?

Our detailed research shows that the best Metaverse coins for 2022 are The Sandbox, Decentraland, Ankr, Axie Infinity, Gala, SushiSwap, Ethereum, and Enjin.

How do I buy Metaverse Coins?

Metaverse Coin is supported by several cryptocurrency exchanges, so to buy Metaverse Coin you need to create an account and top up funds on your preferred brokerage platform and then start buying the coin.

What is the total market value of Metaverse Coin?

Ethereum’s ETH has the largest market cap among Metaverse coins ($360 billion). Other popular Metaverse coins include Decentraland’s MANA (market cap over $3.8 billion), The Sandbox’s SAND (market cap over $3.1 billion), and Axie Infinity’s AXS (market cap over $2.8 billion).

Where do I trade Metaverse Coin?

Many of the best Metaverse coins have extremely high volatility, which means you can trade them effectively and earn high returns. But to trade more effectively, you need to choose a good cryptocurrency brokerage platform. With hundreds of options on the market, finding a good brokerage platform can take a lot of time. You need to check several factors before choosing the platform that’s right for you, including security systems, transaction fees, user interface, features, and more.

How to buy Metaverse Coin with eToro step by step?

Now that you are familiar with the best Metaverse coins and understand the best platforms to invest in them, you may be interested in buying them. Below is a step-by-step guide that explains how to buy Metaverse coins using eToro.

Open an eToro account

First, you need to visit the official website of eToro and create an account. In the registration window, fill in your email and create a username and password. However, you will need to provide more details to complete the registration process, including your first name, last name, date of birth, etc.

Deposit Funds

Finally, when you have a verified account, you can deposit funds into your account. eToro supports a variety of payment methods, including bank cards, wire transfers, Skrill, Neteller, and PayPal. To top up your account, click the "Top Up Funds" button and select the payment method that suits you. eToro does not charge any deposit fees, but does charge a small conversion fee for non-USD transactions.

Choose a Metaverse Coin and buy it

After you have funded your account, you can decide which Metaverse to purchase.