Many people talk about the term “Metaverse” all the time, even at the dinner table. A Metaverse is a virtual representation of our real-world lives. Coins are a good fit for the Metaverse because the platform is digital.
It doesn’t matter how young the technology is; investors in the IT and crypto sectors are starting to pay attention to what it can do. As a result, the new market for Metaverse currencies in 2022 hasn’t been looked into yet.
Use it to buy virtual world real estate and other things from internet markets already, and it’s going to get even better. There are now many people who use Metaverse cryptos because of that.
These coins are expected to rise in value over time as more people become interested in the idea. This article highlights the top three Decentraland Metaverse projects in 2022.
Why is it worth investing in Decentraland Metaverse projects?
Introducing the Metaverse in 2022 has caused the Bitcoin market to go in a very different direction than before. How much Mark Zuckerberg thinks the Metaverse will be a great technology shows that Facebook has been changed to “Meta.”
It was one of the best-performing crypto assets in late 2021. A lot of them made money in a year. Some of them made a lot of money. This year, there is a strong belief that Metaverse cryptocurrency will outperform the rest of the market. This is based on a lot of good predictions.
The best Metaverse coins to buy in 2022 should be looked for now. Cryptocurrency prices have only just started to rise after a considerable drop earlier this year, which makes now a great time to invest in new businesses.
How does it work?
The infrastructure that Decentraland provides for shared virtual worlds is probably the most important thing it has done so far. Platform parts include:
- A decentralized land registry.
- An open protocol for describing the specifics of each land parcel.
- A peer-to-peer system allows users to communicate with each other on the platform.
Users can make policy changes and votes on land auctions of the DAO, and they can make them. Encrypted parcels can be claimed by users who use the blockchain-based record to show that they own virtual land.
Each piece of land has a unique set of cartesian coordinates. Examples of content are 3D scenes that aren’t moving and interactive systems, like video games, that move. Users can rent out their work to other players and sell their finished goods.
How to start?
Anyone can purchase, sell, or rent land on Decentraland’s official market, as well as on OpenSea, at any time of day or night. When you purchase and hold a land token on the Ethereum blockchain, you are deemed the legal owner of that particular piece of virtual land in the digital world.
52-week range: $0.13-$8.44
1-year price change: the SAND saw an all-time high in Nov 2021, around $8.50. The asset surged 4400% in 2021 despite closing off the all-time highs at around $5.85 on December 31, 2021.
Forecast 2022: $14.40-$18.50
If you want to trade or make your digital assets in the Ethereum-based Sandbox, you can do so. All of these digital assets are built on top of the Ethereum blockchain. This is the perfect place for internet businesses, decentralization, and games.
A combination of play-to-earn and NFT-based economics is used in the project. It aims to make blockchain technology more accessible to the general public.
People can play around in a virtual world called Sandbox that runs on the blockchain, but it’s not real. DAOs and non-fungible tokens are the only way to make these dreams come true.
At the start of 2022, the Sandbox price was $0.22. However, since the beginning of the year, the price of Sandbox has climbed by 700%. Thus, according to the most optimistic forecasts, Sandbox is expected to cost $22.67 by the end of 2022, representing a year-over-year increase of +10.016%.
52-week range: $0.18-$5.19
1-year price change: The MANA coin saw an all-time high in December 2021, around $5.90. The asset had an all-time low price of $0.186 in early 2021. Its price increased by 875.12% by the end of 2021.
Forecast 2022: $9-$14
For the first time, a blockchain-based decentralized world opened its doors in February 2020. People are excited about this Metaverse because they don’t have to connect their crypto wallet or open an account to get in.
It is one of the most notable projects in the crypto world. A lot of people were excited about NFTs. Besides becoming more popular, Decentraland has the advantage of seeing the whole Metaverse, making it even better. That’s because DAO runs it. Every person who owns MANA tokens on the Decentraland platform votes on how decisions are made. In 2022 and beyond, MANA’s stock could rise because of this.
52-week range: $1.37-$40.2
1-year price change: one year has not passed since this coin started. But HIGH is expected to reach around $10.88 in a brief period. The all-time high price was observed at the end of December 2021, with a significant surge in price.
Forecast 2022: $10-$15
Metaverse apps could be made for Highstreet, an exciting project in the Metaverse. However, as a first step, people who have virtual money HIGH can buy things and services in the virtual world.
The gaming platform already has a lot of Shopify stores linked to it. So it’s hard to say that this project isn’t already doing what Metaverse technology promises from a real-world point of view. So if you’re a practical investor, this is an excellent thing to buy.
As of January 2022, it is worth more than $85 million. The coin’s value has gone up at least 90% since October 2021. Besides the game, there is also a lot of attention paid to NFTs.
Upsides and downsides
Here are the most significant upsides and downsides of the Metaverse projects.
|The Metaverse will make things that were once out of reach more affordable for the middle class and the poor.||It develops an addiction to Metaverse technology.|
|Design can be changed and improved before construction, saving time and money. However, users need high-quality virtual reality to build the Metaverse to interact with things just like they would in the real world.||It causes you to lose track of time while using and investing in its projects.|
|A big benefit for long-term survival is that the Metaverse gives us new and sometimes better ways to reach our goals.||Metaverse isolates you from the natural world.|
This strategy makes it possible to buy virtual world land or products from online businesses. As the concept gains transactions, the demand for these currencies will increase. As a result, Metaverse cryptos are all the rage right now.
It’s essential to know about the risks of investing in Metaverse cryptocurrencies. However, even if the currency seems to be rising because of market speculation, hidden risks may make it less safe for the average investor to buy-in.
It’s precarious for people who don’t keep up with the latest technology news or have a lot of money. As a result, they might not get the best deals on other things.