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3 Cryptos Set to Benefit from the Metaverse Boom


  • With VR headsets accelerating in sales and continued investments, metaverse cryptos could rally.
  • Decentraland (MANA-USD): Decentraland is arguably the best metaverse crypto due to its size and influence.
  • The Sandbox (SAND-USD): Although inflation is a problem, The Sandbox is a great choice for diversification.
  • Overline Emblem (EMB-USD): The speculative ōRouter could pay off for Overline Emblem.
metaverse cryptos - 3 Cryptos Set to Benefit from the Metaverse Boom

Source: PopTika/Shutterstock

Despite the uncertainty and debate around the metaverse as a concept, the sector could still rally as Meta Platforms (NASDAQ:META) continues to invest billions in the idea, bringing more attention and legitimacy to the space. I believe this can drive up the value of metaverse cryptos, which many virtual worlds use as their own in-game currencies.

But it’s not just the growth of the metaverse that could drive up the value of these cryptos. Several catalysts could drive excitement around the metaverse and these tokens. For example, cooling inflation and potentially a looser monetary policy in late 2023 will favor growth in cyclical assets like metaverse cryptos. And potential rate cuts coupled with the Bitcoin halving next year will boost the crypto market as a whole.

Nonetheless, I would note that the metaverse is still in its early stages, and there is a lot of uncertainty surrounding its growth and development. This can lead to a lot of volatility and risk when investing in related crypto projects. But if you believe metaverse cryptos will be trendy in the next rally, here are three to keep an eye on:

MANA-USD Decentraland $0.53
SAND-USD The Sandbox $0.527800
EMB-USD Overline Emblem $0.016628

Decentraland (MANA)

Decentraland logo displayed on smartphone screen, teal background behind the phone
Source: shutterstock.com/Piotr Swat

Decentraland (MANA-USD) is a 3D browser-based virtual world whose native token is the Ethereum (ETH-USD)-based MANA. It was among the hottest metaverse cryptos in the last two years. Decentraland stood out among other metaverse projects due to its size and popularity, driving up prices within the virtual world. Real estate prices within Decentraland were soaring, with just 16-square meter blocks of virtual land going for $15,000 each. It also didn’t help that companies like Samsung, JP Morgan, PwC, and celebrities like Snoop Dogg, bought plots in the virtual world.

However, investors started to de-risk their portfolios amidst economic turbulence in 2022, and MANA reached its trough at 30 cents before bouncing to 50 cents and has been trading sideways since. I believe that’s a fair price considering the future growth potential here. It is a very well-known virtual world, and the player base will only increase in the long run as VR headset sales have been accelerating and gaining momentum.

The Sandbox (SAND)

The logo for The Sandbox (SAND) on a mobile phone.
Source: Ira Lichi / Shutterstock.com

The Sandbox (SAND-USD) is a very similar project to Decentraland as it is also based on Ethereum and has a similar valuation. What makes it different is that it is not browser-based and has better graphics. The SAND token also has a maximum supply limit, which makes it a little more compelling if you think long-term demand will eventually surpass supply. However, I would caution that the yearly inflation here is over 58%. That factor alone makes MANA much more tempting since the inflation rate of that token is just 1.94%.

Conversely, it has a higher player count. So it may be a better investment if you are looking to hold for years. But for the near and mid-term, MANA should be your go-to among metaverse cryptos.

Overline Emblem (EMB)

CBDC crypto: a person touching the center of a virtual monitor displaying several currency symbols linking to a central bank
Source: Dilok Klaisataporn / Shutterstock

If you’re looking for more speculation and more upside potential, Overline Emblem (EMB-USD) might be a good bet. But I would not recommend putting anything substantial here since there is a lot of speculation baked in already.

The Overline project currently has a router called the “ōRouter“.  that apparently lets you access the blockchain, use Web 3.0 apps and more without an internet connection. That’s very ambitious, and I don’t know how that could work without some sort of connection to a cell network, satellite or a well-established network of these routers in close range. Pre-sales with a steep price tag of $200-400 are open for quite a few months with no indications of the hardware working – or even existing.

Thus, I’d take this project with a grain of salt. But I wouldn’t rule out that this concept may work in dense areas and be a successful investment if you consider a multi-year timeframe.

On Low-Capitalization and Low-Volume Cryptocurrencies: InvestorPlace does not regularly publish commentary about cryptocurrencies that have a market capitalization less than $100 million or trade with volume less than $100,000 each day. That’s because these “penny cryptos” are frequently the playground for scam artists and market manipulators. When we do publish commentary on a low-volume crypto that may be affected by our commentary, we ask that InvestorPlace.com’s writers disclose this fact and warn readers of the risks.

Read More: How to Avoid Popular Cryptocurrency Scams

On the date of publication, Omor Ibne Ehsan did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

Omor Ibne Ehsan is a writer at InvestorPlace. He is a self-taught investor with a focus on growth and cyclical stocks that have strong fundamentals, value, and long-term potential. He also has an interest in high-risk, high-reward investments such as cryptocurrencies and penny stocks. You can follow him on LinkedIn.

Article printed from InvestorPlace Media, https://investorplace.com/2023/05/3-cryptos-set-to-benefit-from-the-metaverse-boom/.

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