Sat 13 Nov 2021 ▪ 10:00 am ▪
min read – by
Hoping that you are fully aware of Facebook’s very important announcements about the introduction of the metaverse, we propose a preliminary ranking of the top 5 cryptos evolving in this technology.
1- Axie Infinity (AXS)
Axie Infinity deserves to be lifted to the top of this podium for several reasons. First, it is one of the cryptocurrencies that exceed hundreds of dollars, at US$146.07 per unit. It should also be mentioned that the market cap is the largest of this selection: 9.5 billion USD. At present, AXS’s total supply is 270 million tokens, of which 65 million are currently in circulation.
The launch of Axie Infinity by Sky Mavis took place in 2018. Before the company was worth what it is now ($3 billion, ladies and gentlemen!), the company has gone through a succession of fundraising operations. In other words, Axie benefits from the support of all kinds of actors, including a community holding company, including AXS. Axie would be the pokemon lookalike on the blockchainexcept it comes in 3 comic book monsters that need special maintenance before going into battle.
2- Decentraland (MANA)
US$2.48 is the purchase price of a MANA at the time of writing this article. Building on the stats, it’s also worth noting Decentraland’s market cap, which is worth $3,298 billion. As for the tokens in circulation, their number is estimated at more than 1.327 billion, which is more than the average of the company’s maximum supply (2.194 billion).
Benefiting from a boost following the announcement of Facebook’s move to Meta, Decentraland is not just a decentralized 3D virtual reality platform using the Ethereum blockchain as a foundation. It is indeed quite a story, a community of passionate users of casinos, art galleries, concert halls or even theme parks. To permeate them from the atmosphere, the developers of Decentraland have created virtual spaces called LAND, which can be purchased by ERC-20 MANA tokens. As for its history, the company was born in 2017 after a $26 million ICO.
3- Enjin Coin (ENJ)
With an acquisition price of $2.94, Enjin Coin has a market capitalization of approximately $2.75 billion. Which gave him the third place of our ranking of the best cryptos in the metaverse. Also note that at this point the company has already distributed about 934 million tokens, for a maximum supply of 1 billion.
Two great heads of decentralized gaming are at the heart of Enjin: Maxim Blagov and Witek Radomski. Their first version of the platform dates back to 2009, almost simultaneously with the launch of Bitcoin (BTC). The explosion of the NFT was decisive for the team in Enjin. She just had to combine with the world of gaming to reach the current stage of the business. Also note the name of the company token: the ENJ produced under the ERC-1155 standard.
4- The sandbox (SAND)
At the moment it is quite possible to pay a unit of SAND from 2.34 USD. In addition, you are always given the opportunity to appropriate it as the Sandbox tokens in circulation are estimated at 892 million while the total supply is limited to 3 billion.
It is in a spirit of conquering the metaverse that the two Frenchmen Arthur Madrid and Sébastien Borget decided to create The Sandbox. Born in 2012, this Hong Kong-based platform allows users to: create a virtual world thanks to tokens called SAND. Before deciding on a diversification (fashion, e-concerts, architecture, etc.), The Sandbox first bets on gaming, a universe in which you can access character or object type 3D content. These can be linked to an NFT for later resale in full transparency.
5- Radio Caca (RACA)
Although priced at a modest price of US$0.00846994, the RACA cryptocurrency is backed by a market cap of $1.515 billion. In the day this top 5 was written alone, the daily trading volume of this currency reached $243 million. Also note all its tokens in circulation, 181 billion, for a total supply of about 320 billion.
Aiming to become a gateway to various NFT marketplaces, Radio Caca is currently the exclusive manager of the Maye Musk Mystery Box (MPB) as well as the DeFi+GameFi vehicle for USM. The latter is a 3D MMO Mapping Metaverse where you can play a minigame based on “Play to Earn”. Note that Maye Musk, Mother of Tesla bossis a major actress in the Maye Musk Koda Mystery Box (MPB).
Admittedly, the metaverse is not very recent as we are used to peddling. If you’ve followed Enjin’s brief history, there are about 12 years between the founding date and the announcement of Meta’s arrival. What is certain is the will of the developers to narrow the gap between the real world and the internet, or to create a connection between the physical and the virtual.
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