Metaverse Tokens to Buy in 2023: Cryptocurrency prices were slightly higher at time of reporting, as the price of major cryptocurrencies edged up during early morning trading on Tuesday (December 13, 2022). The global crypto market cap is $848.03 billion, up 0.83% from the past day. Meanwhile, Bitcoin and Ethereum are up 1.45% and 2.10% respectively.

The price of some of the leading Metaverse tokens namely ApeCoin, Decentraland and The Sandbox traded in the red today. In this article, we’ll discuss three metaverse tokens that trade lower but are worth buying the dip. The trio can probably give you an attractive return in 2023. The critical factors we considered when choosing these coins include their usefulness, robust financial backing, and token transfer data by date. However, because not one shoe fits all sizes, other factors were also taken into account when conducting this analysis.

Top 3 Metaverse Tokens To Buy In The Dip: Here’s The List

Apecoin (APE)

Today’s live ApeCoin price is USD $4.03 with a 24-hour trading volume of USD $269,824,043. ApeCoin is down 6.52% in the last 24 hours. Apecoin’s current CoinMarketCap ranking is 30, with a live market cap of USD $1,455,674,698. It has a maximum supply of 1,000,000,000 APE coins.

The price of Apecoin is up almost 5.95% in the past week, while its performance over the past month is +51.31%. Apecoin is currently a buy due to ApeCoin’s announcement [APE] staking rewards have increased the hype surrounding the token.
Many crypto communities have tried to take advantage of staking rewards. Users can get their hands on the rewards by becoming part of one of the four staking pools. One such way is to buy APE and entrust it to the pool.

Since the ApeCoin strike went live, the demand for the APE coin has increased, driving up the price. Staking can increase or decrease the price of your coins as it is affected by the market forces of supply and demand.

Chart with 30 days of active addresses for ApeCoin

As can be seen in the shared image above, the daily active addresses for ApeCoin can be seen to have experienced a huge spike in recent weeks. Subsequently, ApeCoin’s network growth has also increased. This indicates that the number of wallets transferring APE for the first time has increased.

ApeCoin Investor List

Decentralized

The current Decentraland price is USD $0.377683, down 0.18% in the last 24 hours. It has a 24-hour trading volume of USD $26,615,920. With a live market cap of USD $700,634,261, the current CoinMarketCap ranking of the metaverse token is 56. The maximum supply of MANA coins is not available. Over the past week, the price of MANA is down 6.74%. The metaverse token’s performance over the past month and six months is -15.14% and -54.42%.

Companies that have invested in Decentraland include Republic Realm, Samsung 837X, and Sotheby. Decentraland, founded in 2017, is one of the older projects. As of October 24, it was the third largest metaverse token in terms of market cap.

List of Decentraland investors

Token transfers per data card:

The sandpit

Today’s Sandbox price is USD $0.551138 with a 24-hour trading volume of USD $75,106,148. The price of Sandbox is down 0.43% in the last 24 hours. With a live market cap of USD $826,415,252, Sandbox’s current CoinMarketCap ranking is 49. It has a max supply of 3,000,000,000 SAND coins. Over the past week, the Sandbox price is down nearly 8.92%; it is down 35.75% in the past six months.

With the aspect of virtual reality (VR), this project discovers the vision of the metaverse. The Sandbox is effectively a game and is backed by gaming brands like Atari, which could help it navigate adverse market conditions.

Another promising factor of this project is the limited supply of coins of 3 billion tokens, of which 1.5 billion are in use. Given the increasing popularity of “The Sandbox”, several projects have purchased land on the platform by establishing partnerships. These include the British multinational universal bank HSBC, Standard Chartered Bank (Hong Kong) and PricewaterhouseCoopers (PwC).

The Sandbox investor list

Token transfers per data card:

Conclusion

The term “metaverse” has become a buzzing topic these days. The world’s largest tech companies are investing heavily to build the metaverse for the future. These include Facebook, Microsoft, Google, Epic games and the list goes on. While the technology hasn’t gone mainstream yet, it’s quickly catching the attention of tech and crypto investors alike. Thus, it can be said that metaverse coins offer an untapped opportunity for 2023.

The positive news is that since metaverse projects are relatively new, coin prices are relatively low – less than $1 in some cases. This opens up the investment opportunity for almost everyone. However, this does not mean that all projects are worth your money.

disclaimer:

It should be noted that the crypto market is highly volatile and the metaverse concept is deeply rooted in cryptocurrency and blockchain. There is always a chance that what appears to be performing well in the future will collapse for various reasons. Our article is not investment advice but a short analysis and personal opinion. It is always recommended to do your research before making any investment decision.

disclaimer

The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication is not responsible for your personal financial loss.

About the author

Priyanka is currently covering the latest developments in the crypto market, NFTs, Metaverse, ICOs and Blockchain. She enjoys writing research-based, informative articles for investors, especially those new to the market. She has an MBA and is currently deep into the crypto market. Priyanka studied journalism at the Indian Institute of Mass Communication, New Delhi, and started her career as a journalist for the English daily newspaper ‘The Pioneer’. She has more than five years of experience. During this time she was also associated with political consultancies such as IPAC and worked on governance related issues. Later, Priyanka developed a strong interest in finance, and while completing her MBA, she worked as an analyst at a reputable stock research firm. After discussing global stocks, IPOs, ASX 200, commodities and moving stories in North America, she realized there was much more to discover. It was then that she decided to enter the crypto market.



This post Top 3 Metaverse Tokens to Buy in the Dip Before 2023 – Apecoin, Decentraland, The Sandbox

was published first on https://coingape.com/top-3-metaverse-tokens-to-buy-in-the-dip-before-2023-apecoin-decentraland-the-sandbox/

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