Cryptos

Best 5 NFT Projects to Money-Making In 2022

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You can consider NFTs as the hottest thing in the crypto sphere. There are many options in this sector for individuals with specific skills. If you can cut the noise and determine the best NFT project to invest in, you can generate an attractive income within a specific period. So it might be an engaging way to make money for worldwide users, including investors, traders, artists, developers, traders, collectors, etc.



However, millions of NFTs are available for sale as hundreds of new projects regularly launch. So identifying the best ones are mandatory to make real cash. This article will introduce you to the best five NFT money-making projects in 2022.

Best five NFT projects to money-making in 2022

Non-fungible tokens are digital assets that individuals can use for many purposes, such as entering an event, purchasing in-game items, exclusive in-person membership, etc. Users of these assets usually trade these assets online through cryptocurrencies. So each NFT represents real-world objects like art, in-game item, music, baseball trading card, a video, etc. The NFT marketplace generates approx. $41 billion in revenue globally in the previous year. So in the following years, this sector might be an attractive sector to developers, content creators, collectors, and investors.

The best five NFT projects to follow are:

  • Decentraland (MANA)
  • Chiliz (CHZ)
  • Enjin Coin (ENJ)
  • Axie Infinity (AXS)
  • Theta Network (THETA)

Decentraland (MANA)

Fully diluted market cap: $7,147,246,190

Live market cap: $5,970,550,716

MANA price chart

MANA price chart

Decentraland is a VR platform that uses two tokens, LAND and MANA. This platform allows users to experience, mortise, and create applications and content. MANA is an ERC-20 token that requires burning when you want to acquire non-fungible ERC-721 LAND tokens. Users also can use MANA tokens to pay for a range of avatars, names, wearables, etc., on the Decentraland marketplace.

The price of this native token is floating near $3.25 today with a 24-H trading volume of $1,109,314,701. MANA is currently available on many major crypto exchanges, including CoinTiger, FTX, Binance, OKX, and Bybit.

  • Total supply: 2,193,838,427 MANA
  • Circulating supply: 1.83B MANA
  • Max supply: not available
  • Volume / market cap: 0.186

Does MANA have the potential to grow?

MANA made a high near $6.09 in Nov 2021 for the increasing demand, attractive features, and uses. Many crypto analysts predict the price of MANA might hit above $5.00 by Dec 2022.

Chiliz (CHZ)

Fully diluted market cap: $1,945,139,460

Live market cap: $1,307,513,319

CHZ price chart

CHZ price chart

Chiliz is a leading digital currency by eponymous Malta-based FinTech provider for entertainment and sports. By purchasing the native token of this platform, users have a stake in many clubs and get access to various fan tokens. The price of this native token is floating near $0.21 today, with a 24-H trading volume of $163,164,691. CHZ is currently available on many major crypto exchanges, including  Binance, Bybit, CoinTiger, FTX, and OKX.

  • Total supply: 8,888,888,888 CHZ
  • Circulating supply: 5.98B CHZ
  • Max supply: 8,888,888,888 CHZ
  • Volume / market cap: 0.1249

Does CHZ have the potential to grow?

CHZ made a spike near $0.97 in Mar 2021 due to increasing demand. Many crypto analysts anticipate this token might hit near $0.35 or above that level by Dec 2022.

Enjin Coin (ENJ)

Fully diluted market cap: $1,888,322,957

Live market cap: $1,613,942,466

ENJ price chart

ENJ price chart

Enjin coin is a project of the Enjin company that offers an ecosystem of interconnected, blockchain-based gaming products. ENJ fuels the Enjin ecosystem that they use to back the value of blockchain assets. The price of this native token is floating near $1.87 today with a 24-H trading volume of $199,372,493. ENJ is currently available on many major crypto exchanges, including  Binance, Bybit, CoinTiger, OKX, and FTX.

  • Total supply: 1,000,000,000 ENJ
  • Circulating supply: 854,696,205.57 ENJ
  • Max supply: 1,000,000,000 ENJ
  • Volume / Market Cap: 0.1241

Does ENJ have the potential to grow?

ENJ made the highest peak near $4.99 in Nov 2021. The price is bouncing upside as it finds support near $1.35 after declining from the peak. Many crypto experts predict the price of this token can hit a $4.00 mark by Dec 2022.

Axie Infinity (AXS)

Fully diluted market cap: $16,237,261,108

Live market cap: $3,662,855,485

AXS price chart

AXS price chart

Players partially own and operate this blockchain-based battling game and trading platform Axie Infinity. This platform allows players to raise, breed, battle, collect, and trade token-based creatures Axies. Each NFT involves different strengths and attributes, and these assets enable holders to participate in key governance votes. The price of this native token is floating near $60.17 today with a 24-H trading volume of $402,090,068. AXS is currently available on many major crypto exchanges, including Bybit, Binance, BitCoke, OKX, and FTX.

  • Total supply: 270,000,000 AXS
  • Circulating supply: 60,907,500.00 AXS
  • Max supply: 270,000,000 AXS
  • Volume / Market Cap: 0.108

Does AXS have the potential to grow?

AXS price made the highest peak near $171.85 in Nov 2021. Since then, it has been declining, then finds support near $44.63 to start bounce upside. Many crypto experts expect to trade this coin near $300 by Dec 2022.

Theta Network (THETA)

Fully diluted market cap: $3,657,847,975

Live market cap: $3,657,847,975

THETA price chart

THETA price chart

Theta is a blockchain-based video streaming platform. The launching period of this platform is Mar 2019. Theta (THETA) Theta Fuel (TFUEL) are two native coins of this platform that power the internal economy. The price of this native token is floating near $3.65 today, with a 24-H trading volume of $436,686,848. THETA is currently available on many major crypto exchanges, including Binance, Bybit, Mandala Exchange, BitCoke, and OKX.

Other information is mentioned below:

  • Total supply: 1,000,000,000 THETA
  • Circulating supply: 1.00B THETA
  • Max supply: 1,000,000,000 THETA
  • Volume / market cap: 0.1198

Does THETA have the potential to grow?

THETA made the highest peak near $16.61 in the first half of 2021. Since then, the price has been falling, finds support near $2.28, and starts bouncing upside. Many crypto analysts anticipate the price to hit near $20 by Dec 2022.

Pros and cons

👍 Pros 👎 Cons
  • These assets cherish marketplace efficiency.
  • NFTs are volatile and illiquide assets.
  • You can use NFT assets to fractionalize ownership of particular assets.
  • Scammers can use NFT assets to perpetrate fraud.
  • NFT assets depend on Blockchain technology that is safe.
  • NFTs can harm the environment by taking a significant amount of computing energy.

Final thought

The NFT marketplace becomes vast within a short period and increases. Although these assets have endless potentialities, we suggest investing cautiously like all other new assets as it is a unique and undefined marketplace.

 

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