Best 5 Metaverse Projects to Keep An Eye On In 2022

The technology revolution introduces us to the Metaverse, the virtual extension of our real life. Metaverse enables individuals to access various apps and services. Many giant companies start competitions to book their seat on Metaverse prepares to spend billions of dollars, and NVidia, Facebook, and Microsoft are on the top of the list.

However, hundreds of Metaverse crypto coins are circulating in the marketplace, so it may be hard to determine the right assets worth paying attention to and list as potential investments. This article enlights the best five Metaverse projects that every investor should keep on their watchlist in 2022.

The best five Metaverse projects in 2022

As of now, most Metaverse projects are games that offer 3D aspects of the Metaverse. However, many elements are essential to creating the entire Metaverse. Crypto and blockchain can fit the missing pieces of Metaverse by offering various crucial functionalities. Some key aspects, such as proof of ownership, uniqueness of collectibles,  transferring value, governance, interoperability, etc., align with the imaginary design of the Metaverse.

The top five Metaverse projects worth following in 2022 are:

• Decentraland (MANA: 5.4B)
• Sandbox (SAND: 4.4B)
• Axie Infinity (AXS: 3.4B)
• Theta Network (THETA: 3.9B)
• Enjin Coin (ENJ: 1.5B)

Decentraland (MANA)

Fully diluted market cap: $6,529,458,438

Live market cap: $5,444,329,813

Decentraland is a virtual reality platform that allows users to experience, create, and monetize applications and contains. The Ethereum blockchain powers it. This platform’s initial coin offering (ICO) period is 2017, following a $24 million. Esteban Ordano and Ariel Meilich are the co-founders of Decendraland. The native token of this platform, MANA, is floating near $2.99 today with a 24-H trading volume of $794,476,048. This token is currently available on many major exchanges, including Binance, FTX, Bitget,  and OKX.

Circulating supply: 1.83B MANA

Total supply: 2,193,846,927 MANA

Max supply: not available

Volume / market cap: 0.1445

Does MANA have the potential to grow?

The highest peak of MANA is near $6.09 in the second half of Nov 2021. Since then, the price has been smoothly declining and bouncing back from support near $1.71. Many crypto experts anticipate an average price of MANA can hit above $4.00 by Dec 2022.

The Sandbox (SAND)

Fully diluted market cap: $12,538,777,589

Live market cap: $4,339,480,272

Sandbox is a blockchain-based virtual world that allows users to build, buy, sell, create digital assets in the form of games. It combines the powers of NFTs and DAO and focuses on facilitating a creative play-to-earn model, allowing both gamers and creators simultaneously. The native token of this platform, SAND, is floating near $4.19 today with a 24-H trading volume of $930,555,179. This token is currently available on many major exchanges, including Bitget, BitCoke, Binance, OKX, and FTX.

Circulating supply: 1.04B SAND

Total supply: 3,000,000,000 SAND

Max supply: 3,000,000,000 SAND

Volume / market cap: 0.2156

Does SAND have the potential to grow?

After making the peak near $8.80 in Nov 2021, the price begins to decline and finds support near $2.57 to bounce upside. Many crypto analysts predict that the SAND token might hit above $7.00 by Dec 2022.

Axie Infinity (AXS)

Fully diluted market cap: $15,501,450,636

Live market cap: $3,496,868,906

Axie Infinity is similar to the pokemon game. This platform enables buying, trading, upgrading, breeding creatures and monsters for users. In Axie Infinity, more than 500 body parts are available, including beast, plant, aquatic, reptile parts, bird, and bug. The creation period of this platform is 2018. The native token of this platform, AXS, is floating near $58.05 today with a 24-H trading volume of $456,753,930. This token is currently available on many major exchanges, including FTX, Binance, BitCoke, OKX, and Bitget.

Circulating supply: 60,907,500.00 AXS

Total supply: 270,000,000 AXS

Max supply: 270,000,000 AXS

Volume / market cap: 0.1284

Does AXS have the potential to grow?

Axie Infinity is rapidly growing and becoming popular within a short time. The price of AXS is falling after making the highest peak near $171.85 in Nov 2021. The price bounces back from support near $44.63 recently and might hit above $90 by Dec 2022.

Theta Network (THETA)

Fully diluted market cap: $3,905,539,649

Live market cap: $3,905,539,649

Theta Network is a video streaming platform powered by blockchain. The launching period of this platform is March 2019. The native token of this platform, THETA, is floating near $3.94 today with a 24-H trading volume of $1,018,236,853. This token is currently available on many major exchanges, including Mandala Exchange, Binance,  BitCoke, OKX, and Bitget.

Circulating supply: 1.00B THETA

Total supply: 1,000,000,000 THETA

Max supply: 1,000,000,000 THETA

Volume / market cap: 0.2602

Does THETA have the potential to grow?

THETA token can be a potential investment as many crypto experts expect this coin to hit near $17 by Dec 2022.

Enjin Coin (ENJ)

Fully diluted market cap: $1,820,556,157

Live market cap: $1,556,022,439

Enjin is a blockchain platform that provides an ecosystem of interconnected, blockchain-based gaming products. You can consider it as a social gaming platform. The native token of this platform ENJ is floating near $1.83 today with a 24-H trading volume of $238,271,939. This token is currently available on many major exchanges, including BitCoke, Binance, Bitget, OKX, and FTX.

Circulating supply: 854,696,205.57 ENJ

Total supply: 1,000,000,000 ENJ

Max supply: 1,000,000,000 ENJ

Volume / market cap: 0.1526

Does ENJ have the potential to grow?

This platform became popular within a short period after launching on the mainnet. Many crypto experts anticipate an average price of ENJ might hit above $2.91 by Dec 2022.

Pros and cons

👍 Pros	👎 Cons
These projects allow making money in several ways.	These assets involve higher volatility risks.
Metaverse projects allow making money from anywhere on the globe.	Lack of consumer protection as there are no central authorities.
You can turn these coins into cash from many major exchanges.	It requires a particular level of skills to make money with these assets.

Final thought

The most significant trend in the world of tech is Metaverse right now. However, we are at the initial stage of development of Metaverse, and many more projects are coming with desires. We list the top five among them which are most potent right now and worthy metaverse projects to keep an eye on.