News

Metaverse Coins Register Insane Price Gains in 2021, Is Web3 the Next Trend?

This year, metaverse coins registered insane price gains, with top performers like Decentraland and The Sandbox rising over 10,000% in price in 2021.

As the year is coming to a close, many wonder what the next crypto hype will be and whether or not Metaverse coins will remain a good investment for 2022.

To clarify what we mean when we say Metaverse coins, we refer to cryptocurrency projects developing some sort of virtual universe that users can interact with. Some of the crypto’s Metaverse space leaders include Decentraland, The Sandbox, and Axie Infinity.

There are many Metaverse projects, some building immersive 5D virtual worlds while others building simple 2D universes. Most Metaverse projects are still in their early stages as it takes a few years to develop a high-quality and functional blockchain-based virtual world.

Since Metaverse coins gained so much in price this year, many wonder if that trend will continue into 2022. While there’s no doubt in my mind that Metaverse projects are going to continue their bullish momentum, it’s unlikely we will see coins like MANA or SAND increase 30,000% in price again.

Metaverse coins make for a great safe bet for 2022 that will make you a hefty profit. However, for those looking for the next 10x or 20x coins, Web3 is an excellent place to start.

Web3 is still quite an early concept. The main idea behind the next-generation internet is how the platforms and apps built on Web3 will be owned by the users without a central server.

Related Post

The differences between Web2 and Web3 come down to ownership, which requires blockchain technology to achieve.

Web3 also ties into Metaverse projects since hosting a virtual world on a central server would be equivalent to a Web2 platform. Web3 allows Metaverses to be fully distributed and owned by users, which means no central server to rely on.

The best place to look for Web3 coins is on CoinMarketCap. CMC has over 50 Web3 coins listed at the time of writing, which are all worth looking into.

Some of the top valued Web3 coins at the time of writing include Polkadot, Chainlink, Filecoin, THETA, The Graph, Helium, and BitTorrent.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency.

Follow us on Twitter @themerklehash to stay up to date with the latest cryptocurrency news!

Paul Brabus

Paul Brabus is a crypto journalist and enthusiast. He loves reading and writing about all things crypto.

Share
Published by
Paul Brabus

Recent Posts

Best Altcoins to Invest in Today: Qubetics Sets the Stage for Blockchain’s Future as Bitcoin Hits $108K and Litecoin Soars

The cryptocurrency world has always been a hotbed of innovation, attracting both seasoned investors and…

3 hours ago

Dogecoin Millionaire Predicts This Undervalued Altcoin Could Match DOGE’s 2021 Gains

Dogecoin's 2021 rally was a historic one, turning ordinary investors into overnight millionaires. This magnificent…

4 hours ago

Qubetics Presale Skyrockets to $7.5M as XRP and Arbitrum Lead Best Altcoins for Exponential Returns

The crypto market is always evolving, with big names like Bitcoin and Ethereum leading the…

5 hours ago

Over 300K Users Actively Mine Crypto On BlockDAG’s X1 Miner App While BNB Bulls Eye $3K; What’s XRP’s Price Target?

The crypto market is ablaze with excitement as altcoins like XRP and BNB make major…

5 hours ago

Best Crypto Presale To Buy Now: Rollblock Delivers For Holders With New License, Record Sign Ups and 7000+ Games

Rollblock is quickly becoming the best crypto presale to buy, delivering unmatched value for its…

8 hours ago

Polkadot And Uniswap Gearing For Post-Christmas Jump As Rollblock Raises $7.4 Million in Presale

While Rollblock's continues its crypto presale, with its value increasing regularly, Polkadot (DOT) and Uniswap…

9 hours ago