The metaverse has created a lot of positive buzz around crypto. Many analysts see it as the next big catalyst for crypto growth. Also, we are seeing a surge in prices for metaverse-related tokens, with most crossing past the $1 billion mark in market cap. Here is why metaverse tokens offer immense promise:
The metaverse will create a whole new digital ecosystem with vast commercial applications and crypto will be at the centre of it.
There is already a lot of interest in the metaverse from investors and large institutions as well.
Metaverse-related tokens are still under the radar and could explode in value in the near term.
Although it doesn’t get a lot of coverage, Gala (GALA) has actually been one of the fastest-growing metaverse coins in the world. Year to date, the token has returned over 28, 000% in profits, ranking even higher than Decentraland (MANA) and The Sandbox (SAND).
Data Source: Tradingview.com
Gala (GALA) is a gaming platform that wants to take advantage of the blockchain to unleash creativity among creators and promote access to blockchain games to a huge client base. At the time of writing, its native token GALA was selling for $0.452 with a market cap of $3.1 billion.
Enjin Coin (ENJ)
Enjin Coin (ENJ) is also a promising blockchain ecosystem designed to provide a series of interconnected blockchain games. The coin has returned around 2000% in profits year to date and looks poised to maintain this momentum well into 2022.
At the time of reporting, ENJ, its native token, was selling at $2.87, up nearly 5% in intraday trading. The gaming token had a market cap of $2.4 billion.