Top 10 Metaverse Cryptocurrencies to Buy in 2024

Top 10 Metaverse Cryptocurrencies to Buy

Thousands of projects can now be easily attributed to the Metaverse, and many of them have native coins. Therefore, if we were to try and gather the full list of the Metaverse cryptocurrencies, it would include at least several hundred positions, although naturally not all coins are equally promising. There are many failed Metaverses, for example Diem (aka Libra). Facebook was actually involved in Diem, but when the giants like PayPal, Visa, MasterCard, Stripe and eBay exited the project, all talk about the future of the payment system stopped.

This is why buying Metaverse cryptocurrency is not as simple as it seems, in the sense that not all Metaverse coins will bring good income. What can you do in this situation? You can analyze the market independently, spending from a couple of days to a couple of weeks on that, or you can save time and check out our Top 10 Metaverse Cryptocurrencies.

Decentraland (MANA)

Decentraland is the first Metaverse in the form the sci-fi writers described it. It is one of the five official platforms of Meta Platforms, where you can buy and sell land (land is provided in the form of NFTs). Decentraland map features thousands of zones, including MMORPG, marketplaces, galleries, show rooms, etc. The list of brands that have purchased the land in Decentraland is long. Among them are Estee Lauder, Tommy Hilfiger, Dolce & Gabbana, Forever, Samsung, Nike, Coca Cola, Sotheby’s, Atari and others.

A year ago, the price of virtual land in Decentraland started from USD 1,000 per standard square of 16 x 16 meters. Today, you won’t find an offer lower than USD 13,000 for the same plot. At that, the shares of Meta Platforms, which regulates Decentraland, grew 18% in 2023. This means that the trend is long-term, stable, with no declines predicted at the moment. Conversely, experts, for example Olivier Acuna, the Co-Founder of AdLunam, claim that Decentraland has not even reached the peak of its popularity yet, although MANA’s market cap is already USD 1.548 billion.

The platform’s coin is in high demand. It is actively traded at the top exchanges, with its quotes on the rise. The thing is that the land in Decentraland can be sold and bought only for MANA. Since the price for the land plots and the sales volumes are on the rise, now is a good time to invest in this Metaverse cryptocurrency.

The Sandbox (SAND)

The Sandbox is the second oldest and most popular platform with virtual land (NFTs). It was launched almost at the same time as Decentraland and is also regulated by Meta Platforms, thus receiving colossal investment support (Meta plans to spend USD 24 billion on its projects in the near future).

Technically, The Sandbox does not have any conceptual features that would distinguish it from Decentraland. Users also actively buy and sell land here, rent it out through third-party services. Offices for remote conferences, universities for holding online lectures, virtual stores for presentation of real goods are built on the land in The Sandbox. Adidas, Snoop Dogg, The Smurfs, Atari, CryptoKitties, Mcdull are just a small number of brands featured on the platform.

SAND is the native token of the platform. Similar to MANA in Decentraland, it is used for all internal transactions. Accordingly, growth of The Sandbox popularity leads to increase of the token’s price (its current market cap is USD 1.24 billion). It is just as lucrative to invest in this Metaverse cryptocurrency as to buy MANA.

ApeCoin (APE)

The developers, Yuga Labs Inc., created Otherside as a new generation of RPG, combining the traditions of Dungeons and Dragons, Diablo and other classic representatives of the genre. Otherside features a full-fledged economic model built on the Ethereum blockchain. All objects in the games – locations, characters (including player avatars), weapons and resources are NFTs, which can be bought and sold for ApeCoin.

Otherside was launched only a month ago, and as we’ve already mentioned, the 100,000 plots of virtual land in the Metaverse were sold out within 3 hours. At the time, the total value of the land amounted to USD 320 million. Now, the value has increased. However, Otherside plans to open sales of another 100,000 plots soon. It is hard to tell right now, how much the land will cost, but the project has already attracted dozens thousands of users, who became active players of the in-game economy.

Despite some difficulties all young projects face, APE capitalization at the moment is USD 1.015 billion, which makes it the fourth Metaverse cryptocurrency in terms of volume. Therefore, many experts believe that APE is one of the best options for investing in digital assets.

Highstreet (HIGH)

Highstreet is a unique project that is the first fully virtual market place where literally everything is traded: physical and virtual land, digital and physical goods, services. The majority of objects, for example art objects, are NFTs. The same applies to land. Although there are not as many plots as in Decentraland and The Sandbox, they are all tailored towards commerce.

The marketplace operates in the form of a play-to-earn MMORPG built with Unity with support of VR headsets. Various interactive events and quests are organized for users, which means that you can play a game, have funds and buy something in the process. For example, Spotify works with Highstreet. Hassan Shafiq, a top expert at CoinMarketCap, believes that, while MANA and SAND are the top metaverse tokens, HIGH is another prospect to consider, as it can become even more beneficial than the first two. After all, Highstreet is supported by HTC, and HIGH market cap already reached USD 15.83 million.

Floki Inu (FLOKI)

The concept of Floki Inu was inspired by Dogecoin. The idea was to create a cryptocurrency and an entire Metaverse based on the world-known memes. However, almost immediately everything transformed into a stable Floki ecosystem, which currently includes a virtual play-to-earn game Valhalla with upgradeable NFTs, a Floki University, the educational platform, and NFT Floki Places, a market place, as well as DeFi integration service. The team is actively developing all areas and promises even more projects to come.

On the outside, the ecosystem seems raw, but the native token FLOKI has reached the market capitalization of USD 55.84 million, which makes this the third Metaverse cryptocurrency after MANA and SAND. It is ranked lower than HIGH in our rating only because Highstreet is at the early access stage, while the majority of Floki Inu projects are still in closed or open testing. Nonetheless, experts, for example, Scott Jeffries, a technology professional at GOBankingRates, claim that it is worth buying this Metaverse cryptocurrency, at least as a good investment portfolio diversification option.

Metahero (HERO)

Metahero is not the only company to create 3D models of the real world objects, but it is the only one to combine its operation with the world of cryptocurrencies and the Metaverse concept. Any person can order his/her 3D avatar or digitize his creative work. Metahero is not a virtual space, but a colossal archive of scanned objects with different legal status and many being used in other projects of the Metaverse.

In partnership with Wolf Digital World, Metahero decided to 3D scan the entire world, starting with Doha, Qatar, where it is headquartered. Metahero also developed a unique meta camera, which is currently produced by Sony and any person can buy. The camera connects to a PC and can digitize any object creating its full 3D model. Yahoo, Business Insider, MarketWatch, CryptoDaily, and Forbes have shown interest in the project. HERO market capitalization is USD 43.36 million. It is much lower than MANA and SAND, but Metahero emerged in the market only a few months ago. The company and its cryptocurrency is just at the beginning of its path.

Terra Virtua Kolect (TVK)

Terra Virtua Kolect project was established in 2017, when non-fungible tokens did not exist. Back then, it was a digital products marketplace, but now it is the largest NFT trading platform. It works from a browser, although the company also offers a desktop app you can dive into using the VR headset. It is not a gaming platform; it is a collectible platform with a potentially infinite number of thematic pavilions where users can present the result of their creative work in NFTs.

Users on Terra Virtua Kolect sell art, music, virtual avatars, scanned 3D models of real objects. You can find any digital product here without an exaggeration and buy it in the form of an NFT. For this, the platform uses its native token TVK based on Cardano (initially it was the cryptocurrency of Terra Virtua Kolect). The coin’s market cap is USD 24.41 million, and the company continues to conclude profitable contracts by integrating its NFTs into third-party projects. For example, Terra Virtua Kolect has recently partnered with Kawaii Islands. Therefore buying TVK can be quite profitable.

Star Atlas (ATLAS)

Star Atlas is the first MMO with support of NFT that fully uses the features of Unreal Engine 5. The thing is that the majority of similar projects are of the Indie category, while Star Atlas is a superbly designed futuristic world. The game employs VR and AR technologies, bringing user experience to a new level.

The project uses many mechanics, the main one being space exploration, during which players find free NFT objects that provide certain advantages in the game. These objects can be sold at any time on the in-game market. An object can be worth USD 10, or USD 1,000. The potential reward is higher if the challenge is more difficult and if the exploration zone is more dangerous. The personal account in the game is synchronized with the account in Phantom Wallet.

Star Atlas is actively attracting new users; the market cap of the platform’s token is USD 13 million. ATLAS is used for all in-game transactions, which means that its quotes grow as the game’s popularity increases.

Enjin (ENJ)

Enjin is a platform, where developers seek for investors and then launch their NFT-supported games right there. There are indeed many games here, but the platform is not limited to only them. Various NFTs are available for purchase and sale on Enjin – from traditions (like art objects and virtual land) to patents for IT technologies and business solutions.

This is what makes Enjin unique – the platform succeeded in attracting a huge number of users involved in various areas of IT, economy and art. In total, over 3 million digital goods are available on the marketplace. The platform’s native token is ENJ. The number of issue tokens is 10.3 million. The platform currently has 500,000 active users and their number is growing, including because Enjin was the first in the world to launch the NFT parachain on Polkadot.

ENJ's market cap is USD 392.578 million. Therefore, if you are interested in a good investment in the Metaverse cryptocurrencies, this coin is definitely worth your attention.

Epik Prime (EPIK)

Epik Prime project can be considered an NFT aggregator like Enjin, but this platform has a slightly different purpose. The platform does not offer a functionality for creation of non-fungible tokens and it does not work with them directly. Epik Prime is for launching and promoting apps that use NFTs (mostly AAA games). The platform essentially offers NFTs with a premium license, unique collections, airdrops and in-game goods, which cannot be obtained otherwise.

The service is only a year old, but its native token EPIK is already available on PancakeSwap and similar platforms. Many giants like Warner Music and Universal as well as lesser known projects work with the company. Presence of major brands brought the attention of the public to Epik Prime. Token market cap is currently only USD 4.18 million. However, according to forecasts of Coindataflow and similar analytical centers, the price of the coin will grow by at least 12% in the next few months, with further growth becoming a steady trend.