Several projects have shown substantial growth in the past 24 hours, with cryptocurrency markets recovering from this weekend’s selloff. Some Metaverse and NFT projects gained over 45% today, signaling plenty of momentum and traders waiting on the sidelines, ready to buy the dip. Today we look at the top two Metaverse crypto coins gaining the most price, Monavale (MONA) and Render Token (RNDR).
Launched in December 2020, Monavale (MONA) is a CC0 (Creative Commons) enabled Web3 Fashion and Metaverse project. As the name suggests, it features digital fashion for the Metaverse. In addition, Monavale also includes physical fashion items users can purchase on the website. In other words, Monavale is a fully decentralized, forkable, and self-governing protocol stack built explicitly for the Metaverse.
The primary Token for the project is MONA, the main utility asset for the DIGITALAX ecosystem and platform. It includes several marketplaces and unique boutique Metaverse designs, and we recommend checking it out.
Monavale’s fashion NFTs include DeFi staking options and a unique fractional garment ownership system, and each fashion NFT consists of a 3D source file that users can modify and inspect.
DIGITALAX is a community of modders, developers, designers, crypto enthusiasts, and gamers. The main principle of the community is decentralization. According to the official whitepaper:
“The team has taken a 0% allocation of all tokens launched through the ecosystem for the highest integrity launch.”
DIGITALAX is a unique fashion NFT platform, and we recommend checking it out. If you’re looking to support independent artists in the Web3 and C00 movement, Monavale is a must-watch in June 2022.
The recent price hike for MONA is likely the team’s appearance at NFT.NYC, where the team showcased their product and announced a special collab.
MONA is trading at $284, up over 49% in the past 24 hours. Its market cap is $2.8 million with a 24-hour trading volume of $57k, making it a highly underrated low marketcap project worth keeping a close eye on.
The second-highest gaining Metaverse crypto coin today is none other than Render Token (RNDR), gaining over 45% in the past 24 hours.
Launched in June 2020, the Render Token (RNDR), as the name suggests, is a crypto project focusing on providing a decentralized GPU-based rendering solution while incorporating blockchain tech to revolutionize the digital creation process.
Render Network’s vision is to democratize GPU cloud rendering, building an efficient, scalable, and robust rendering network. The project aims to provide tools and render power to GPU-intensive tasks like Animations, Video, etc.
If you’ve tried uploading 4K 60FPS gaming videos to YouTube, you know that rendering can take hours, depending on your system type. Render Token is looking to shorten the time it takes creators to render quality videos by utilizing a distributed network of nodes.
If you’re looking to take a closer look at Render Network’s suite of services and become a node, you can fill out a form on the website. If you have a powerful GPU and want to use it while earning rewards, consider looking into this project.
The native utility asset for Render Network is RNDR, the leading digital asset behind the Render Network, allowing decentralized rendering of 3D assets as the primary utility.
You can purchase RNDR on KuCoin, Huobi Global, Gate.io, Poloniex, Phemex, Coinbase, Binance, FTX, Gemini, etc.
Like Monavale, the Render Network team is attending NFT.NYC, looking to showcase its product and ecosystem to investors.
The recent price hike is likely due to the team’s appearance at the significant event, which brings crypto enthusiasts together worldwide.
Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coin or investing in any projects.
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Image Source: citalliance/123RF
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