As crypto market volatility and uncertainty increase, metaverse tokens lose a lot of value.
The internet has gone metaverse-crazy. Metaverse and adjacent technologies drive the blockchain and crypto industries. Users can buy, sell, and trade metaverse tokens in this virtual realm. They can also visit online casinos offering slots, poker, roulette, blackjack, and more; nightclubs; and metaverse concerts. In 2021, the rise of metaverse tokens showed that people in the cryptocurrency world were interested in the idea of a new digital universe. Some of these top metaverse cryptocurrencies outperformed trusted crypto assets. The crypto market in 2022 has been bad, which has caused metaverse tokens to fall. Here are the top metaverse tokens that investors are giving up on because the market is uncertain and they don’t want to take risks.
Radio Caca
Radio Caca token value is falling. The RACA token is the native cryptocurrency of the ‘USM metaverse,’ a rival to The Sandbox and Decentraland. RACA is used to buy and sell cute characters and items in the blockchain-based NFT game Metamon.
Ultra
Ultra publishes video games and content. Ultra aims to end the monopoly of publishing platforms like Steam and give game developers, players, and influencers new opportunities. They promises players and developers a fairer solution. This crypto’s declining value worries its investors.
Decentraland
Decentraland is a blockchain-powered virtual reality platform that lets users create, experience, and monetize content and apps. In this virtual world, users buy land to navigate, build, and monetize. MANA is a popular metaverse cryptocurrency, but the token is suffering from market turmoil.
The Sandbox
Sandbox is a blockchain-based virtual world for creating, building, buying, and selling digital assets. By combining DAOs and non-fungible tokens, Sandbox creates a decentralized gaming platform.
Axie Infinity
Axie Infinity is down 17% since the crypto market fell. It is is losing ground like other metaverse tokens. Riskier assets are being dumped, hurting metaverse tokens like Axie Infinity. Axie Infinity is a player-owned blockchain-based trading and battle game.
Theta Network
Theta (THETA) is a video-streaming blockchain network. The mainnet is a decentralized network where users share bandwidth and computing resources P2P.
Stacks
Stacks enables DeFi, NFTs, apps, and Bitcoin smart contracts. It’s a layer-1 blockchain solution for Bitcoin smart contracts and decentralized apps. Bitcoin’s security and stability aren’t affected by the addition of smart contracts.
Enjin Coin
Enjin Coin is a project of Enjin, a blockchain-based gaming company. The Network is a social gaming platform where users can create websites, clans, chat, and host virtual item stores. The token is popular in the metaverse, but its declining value worries investors.
Sushiswap
Automated market maker SushiSwap (AMM). AMMs are decentralized exchanges that use smart contracts to create token markets.
Ontology
Ontology uses decentralized identity and data solutions to bring trust, privacy, and security to Web3. It’s building a secure infrastructure to provide trusted access to Web3, allowing individuals and enterprises to ensure that users and their privacy come first.
Disclaimer: This isn’t financial advice; it’s just for education. Crypted Crypto can’t guarantee its accuracy. Every investment and trade carries some risk, so always do your own research. Invest only what you can afford to lose.
READ ALSO:
Leave a Reply