In 2022, Top 5 Metaverse Coins Below $1 to Watch.
The metaverse was one of the hottest topics in the cryptocurrency world last year. Last year, a slew of metaverse-related ventures popped up, capturing the attention of investors.
However, thanks to the developments in store, additional metaverse projects will grab headlines in 2022.
This article looks at the best five metaverse currencies under $1 to keep an eye on this year. We'll look at how the projects are progressing and why you should be paying attention to them.
What is the Metaverse, and how does it work?
The metaverse can best be described as a persisten, online, 3D environment that consists of numerous virtual locations. Many see it as a future version of the internet since it will allow people to meet, work, game, and socialise in three-dimensional environments.
The user controls a persona or avatar in the metaverse, which is driven by augmented reality. You can conduct virtual meetings in the metaverse and feel as though you were physically present.
You can also engage in a variety of activities, such as playing blockchain-based games and many others. Cryptocurrencies have become extremely valuable in the metaverse. In the metaverse, cryptos function as utility tokens, whereas nonfungible tokens (NFTs) serve as virtual collectibles.
The Top 5 Metaverse Coins Below $1
Although the metaverse is still in its infancy, many cryptocurrency companies are currently focusing their efforts there. Some of the most well-known names in the metaverse are Decentraland, The Sandbox, and Axie Infinity. We do, however, have a few projects that are relatively unknown yet have a lot of promise. The top five metaverse coins that are currently trading for less than $1 are listed below.
Bloktopia (BLOK)
Bloktopia is a decentralised metaverse created and supported by Polygon, one of the world's largest blockchains. Bloktopia intends to provide the crypto community with a first-of-its-kind VR experience, bringing users together in one immersive and engaging environment.
Because of its substantial sponsorship, it is one of the metaverse initiatives to watch in 2022. Animoca Brands, for example, has invested in Bloktopia. KuCoin, CoinMarketCap, and Coingecko are just a few of the leading crypto companies that have already established virtual offices within Bloktopia.
Bloktopia, like other notable metaverse projects, has a marketplace where users may buy BLOK real estate using an NFT mechanism.
BLOK is now trading at $0.04265299, down from an all-time high of $0.178281 on October 31, 2021. BLOK is still up more than 450 percent from its all-time low of $0.00757922, despite its recent dip. The market capitalization of BLOK is $353 million.
Meta Hero (HERO)
Meta Hero bills itself as a portal into the metaverse. The project aims to attract the next 10 million bitcoin users by employing Ultra-HD photogrammetric scanning technology.
Meta Hero collaborated on its project with Wolf Studio, a 3D scanning industry leader. The team's inclusion of meta scanners into the metaverse opens up a slew of new possibilities, including 3D printing, scanning networks, and character development in-game.
The Meta Hero team has already released 4K HD scanners, but they are currently working on a 16K Ultra-HD upgrade. The price of HERO is currently $0.111673, down 55 percent from its all-time high of $0.252021 on December 2, 2021.
HERO is up more over 1,900 percent from its all-time low price of $0.00537031, despite its recent bearish performance. HERO has a $572 million market capitalization.
Epik Prime (EPIK)
EPIK Prime is an NFT platform that creates in-game NFT items and marketplaces in collaboration with AAA gaming companies and major entertainment IP and brands. Epik is unique among the projects on this list in that it assists businesses in licencing and producing NFTs as well as immersive blockchain-powered in-game experiences.
In terms of empowering early-stage blockchain games, the EPIK Prime team is regarded as one of the industry pioneers. It aids in the mainstreaming of these programmes.
EPIK is presently trading at $0.282311, a 67 percent decrease from its all-time high of $0.865706, set on November 17, 2021. EPIK, on the other hand, is up more than 230 percent from its all-time low of $0.085736. The current market capitalization of EPIK is around $66 million.
Star Atlas (Atlas)
Star Atlas is recognised as one of the metaverse's crown jewels. It's a dual token economy metaverse game powered by Solana.
To make their game one of the greatest in the cryptocurrency industry, the company wants to mix blockchain, real-time visuals, multiplayer video games, and decentralised financial systems.
Although Star Atlas is still in its early phases, the community is enthusiastic about it. The roadmap indicates that the team is working on something special, and the trailer available on their website adds to the excitement.
ATLAS is currently trading at $0.087497, down more than 60% from its all-time high of $0.267549 on September 4, 2021. The cryptocurrency has a market valuation of roughly $190 million and is only up 38% from its all-time low of $0.063366.
RedFox (RFOX)
RFOX was created by RedFox Labs, a software firm that is currently developing a virtual retail area. RFOX intends to be the global leader in immersive metaverse experiences for retail, media, gaming, and incentives, according to the team.
The project uses a dual token structure, with RFOX tokens being used to buy land and virtual goods and VFOX being the ecosystem's reward token. RFOX is a metaverse project to keep an eye on in 2022 because the team is still working on it.
RFOX Finance and RFOX Games are two of the projects being developed by the team. These items are meant to be used in conjunction with the ultimate metaverse.
RFOX is currently trading at $0.080576, down 78% from its high of $0.377778. However, it is still approximately 600 percent higher than its all-time low of $0.01152142. The market capitalization of RFOX is $115 million.
Conclusion:
Within the bitcoin and blockchain industries, the metaverse is a rapidly expanding area. There are many projects in the metaverse space, but the coins mentioned above are worth keeping an eye on in 2022.
