Most of the cryptocurrencies in the crypto-verse are not able to bring in any kind of returns, which is very alarming for the crypto community.
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As the entire cryptocurrency industry is facing a downtrend, it is the metaverse industry that seems to be moving higher in terms of adoption and valuation.
Therefore, it is important that investors must look for investment opportunities in the cryptocurrencies offered in the metaverse environment.
It is time to look at the cryptocurrencies from the metaverse that have a very high potential of offering huge returns in 2023.
ApeCoin is currently one of the most profitable cryptocurrencies offered in the metaverse ecosystem. The token has been created and issued through the Ethereum blockchain, meaning it is an ERC-20 token.
The team behind the development of ApeCoin is Yuga Labs and they are eager to form an entire ecosystem for ApeCoin.
The native token for the ApeCoin ecosystem is APE which can be used to interact with multiple services and features offered by the developer.
ApeCoin wants to offer games and other kinds of stuff to the users through their ecosystem. The users will be able to interact with the ecosystem and buy/sell items using the APE.
At the time of writing, the price of APE is worth $3.63 and it has a market capitalization that is well over $1. Billion. The past 24-hour trading volume of APE is $91, and displaying a 6.97% decline in the same period.
ApeCoin is also working in the metaverse sector, where it is busy with the development of games based on the metaverse ecosystem.
As the metaverse industry is expanding, it is only a matter of coming up with the most unique ideas for interacting with the technology.
If Yuga Labs is able to make it happen, then ApeCoin will shoot higher in the upcoming year.
The Sandbox (SAND)
For those looking to gain experience and exposure in the metaverse industry interacting with virtual worlds, lands, and even owning virtual estate, they should interact with The Sandbox.
The Sandbox platform offers a metaverse experience to people where they can roam around in the virtual world. They can develop their own lands and then sell them to make profits from the deals.
The native token of The Sandbox is SAND and its trading value is $0.4067. However, the token managed to cross the $1 per SAND barrier back in 2021.
It is just because of the global market downtrend that the value of SAND has been pulled lower. The valuation of SAND is currently hovering at $609 million.
The trading volume of SAND currently sits at $93 million after experiencing a 4.70% dip in the past 24-hours.
The Sandbox has been launching several other projects within the metaverse. It is also hosting multiple seasons for its primary “The Sandbox” ecosystem, which is sort of a metaverse-based game.
The platform has recorded a great level of influx for every season it has launched. It is to launch its next season in early 2023 and aims to attract more than 500,000 active users.
This would eventually increase the adoption and trading activity of the native token.
You can say that the Decentraland ecosystem is somewhat similar to The Sandbox. However, they have taken things to the next level recently by offering many unique features and utilities to the users.
Similar to The Sandbox, the users have the ability to make their own lands. But the users can also rent their properties to interested parties.
This is a new feature that Decentaland has introduced and it is attracting many users. The native token in the Decentraland ecosystem is MANA and it is currently trading at $0.3011.
The overall valuation of MANA currently stands at $558 million and its trading volume has dipped 11.89% in the past 24-hours, currently standing at $39 million.
The company is confident that the launch of the new renting feature is going to help it bring in more users.