Top 5 Metaverse Tokens
One of the most promising projects is the Enjin metaverse project, which aims to create a new type of blockchain for digital assets. The company was founded in 2009 and has already grown to more than 20 million users worldwide. The Metaverse project combines both blockchain and relational databases, and many crypto projects are pivoting toward integrating with it. This makes Efinity an ideal candidate for an IPO in 2022, as many investors are betting on its growth.
The Enjin platform has a decentralized platform that lets users create NFTs using the Ethereum blockchain. This platform is supported by over 250,000 game communities and boasts more than 20 million users. NFTs can be used across different games and are a key part of the metaverse. In addition, the Enjin platform allows users to transact in many different games.
The rebranding of Facebook as Meta in October gave a big boost to the market. In a matter of three months, the metaverse market cap rose from $2 billion to $41 billion. Enjin (ENJ) and Decentraland (MANA) were the leading coins in the market. With this recent move, the metaverse market cap may be on the verge of reaching a record-high level.
Top 5 Metaverse Tokens Set to Prosper in 2022
The rebranding of Facebook to Meta boosted the market cap of tokens based on the metaverse. The overnight trend reversal triggered the meteoric rise of the market cap of the entire metaverse. In three months, the market caps of the four biggest tokens dominated the marketplace: Decentraland (MANA), The Sandbox (SAND), and Enjin (ENJ).
The rebranding of Facebook as Meta reaffirmed the potential of the metaverse. Despite the risks associated with new projects, the rebranding triggered a huge upsurge in the market. By 2022, the total metaverse market cap will be $41 billion, according to Qadir Ak, founder of Coinpedia.com. The three companies have already surpassed their price targets.
The concept of metaverse was not popular until Facebook rebranded itself to Meta in October last year. The in-day trend reverse boosted the price of tokens based on the metaverse. In three months, the market cap of the metaverse increased from $16 billion to $41 billion. The first three companies in the metaverse, Decentraland (MANA), and The Sandbox (SAND), are able to dominate the market.
While it is impossible to predict the future of the metaverse, there are several trends to look out for. First, the new metaverse is a great place to make money. The current market cap of these projects is just $54 million. The next two are launching new projects and rebranding their companies. The popularity of the metaverse is growing. It’s worth examining the market cap of these new projects.