Metaverse coins have continued to gain popularity over the last few years, with developers expanding their scope to include NFTs and gaming environments. Despite the common belief that the metaverse hype is long gone, in the real sense, the mania has no signs of stopping, at least not in 2023.
New projects are launched every now and then, intensifying competition even for existing ecosystems like Decentraland (MANA), The Sandbox (SAND), and Internet Computer (ICP) among others.
Despite the dismal performance experienced across the market in 2022, all the metaverse coins boast $7.3 billion in market capitalization and have attracted slightly over $1.4 billion in trading volume over the last 24 hours.
What Is The Metaverse?
Metaverse is a term that was first coined by author Neal Stephenson in “Snow Crash,” a novel published in 1992. Stephenson described a virtual world that existed as a parallel society, depicting a sci-fi tome. Over the years, developers have adopted the term to refer to virtual worlds, where people can work, meet, play games and build societies.
Some people perceive the metaverse to be the next-gen immersive internet. Tech giants like Meta, formerly Facebook, are changing their business models to cater to the future of human interactions in the metaverse.
According to a report released by Strategic Market Research in June 2022, the metaverse market is projected to grow to $678.80 billion by 2020. For this reason, here are selected metaverse coins to watch in 2023 as the crypto market recovers from all the shambles witnessed in 2023.
FightOut (FGHT): The Future of Move-to-Earn
Creating healthy habits is the 21st-century goal for most people, but existing technologies have not been able to make the process affordable. The fitness industry is no longer about weights and machines, with ‘fitness boutiques’ taking over.
However, access to these premium services is limited due to the high costs incurred when setting them up. While traditional gyms are affordable, they lack key elements like guidance and consistent user engagement.
What FightOut is proposing is an ecosystem where everyone can live a healthy lifestyle without breaking the bank. Users on this platform will have access to personalized workouts to achieve their goals in a community of like-minded people.
An M2E fitness app will be used to track user progress in addition to tracking metrics such as nutrition and sleep. On signing up, users will be prompted to set goals, provide a fitness background, state the equipment they have easy access to, their location, and desired workout types among other things.
The app will allow members to earn from the workouts and challenges they complete. FightOut stands out from other Move -to-Earn platforms by tracking user progress, rewarding hard work, and ensuring a seamless transition from Web2 to Web3.
Exciting news #FightOutCrew!
We are happy to announce that we have secured our first CEX listing – @LBank_Exchange!
— Fight Out (@FightOut_) January 16, 2023
The FightOut team is elated to announce the first CEX listing for FGHT on LBank Exchange with $2.98 million raised so far. Investors are scooping up the tokens while taking advantage of a 50% discount, valid until $5 million is raised.
Decentraland is the second-largest metaverse project boasting $1.3 billion in market capitalization and a 24-hour volume of $642 million. It sits between Internet Computer (ICP) and The Sandbox (SAND).
Decentraland is a virtual world built on blockchain technology, where users can purchase, sell and create digital properties, art, and unique digital items referred to as NFTs by participating in games and various experiences within the virtual world.
Investors can buy MANA at $0.7175 as it has rallied more than 130% in just two weeks. Decentraland vaunts a bullish outlook as exhibited on the daily chart below. Notice the buy signal from the Moving Average Convergence Divergence (MACD) indicator as it ascends above the mean line.
Decentraland price must close the day above the 200-day Exponential Moving Average (EMA) (in purple) at $0.7082 reinforcing the bullish grip. However, it would be prudent for traders to wait until MANA breaks and holds above the upper falling trend line before triggering their long positions for potential profit-booking at $1.00, $1.40, and $2.00, respectively.
RobotEra (TARO): Connecting Virtual Worlds
In a vast alpha galaxy, you will find a planet called Taro. This beautiful world has gone through a cataclysm, culminating in the extinction of the locals and original robots for taking sides in a war.
A new reign is now in place, led by robots with the power of a human mind. Dealing with the sad reality of the aftermath of the war, they must use their special abilities to restore the planet’s former glory and bring up an advanced civilization for the future.
RobotEra is allowing members of its ecosystem to rebuild Taro in a Sandbox-style project. In other words, the team proposes a metaverse world with various assets forming part of the world.
(2) RobotEra on Twitter: “Be a part of the world’s next metaverse 🤖 🌃 Build, explore, and earn income 🌎 You are the creator; choose your path with all the freedom in the world! Let’s create and have fun together! Join the #RobotEra Army now ⬇️ https://t.co/UJ3inomU89 https://t.co/XQoZYf4izU” / Twitter
Users will need robot NFTs, used as characters worldwide to acquire land and bring up assets like buildings and other key facilities necessary for a thriving modern society. Apart from building assets on the land, the citizens of the new world will be able to mine TARO, the ecosystem’s main currency, and create games to play in selected areas of the land.
A play-to-earn (P2E) game or a player vs. player game economy similar to The Sandbox but with a few different aspects is coming up. TARO powers the ecosystem’s economy so users can buy land in the metaverse, participate in NFT robot sales, and access P2E/PVP games.
Users on RobotEra do not need to be expert coders to build and create assets in the metaverse. The scripting language allows the development of games, gambling avenues, dynamic 3D scenes, and applications. According to the team, the scripting language “will be designed to handle a wide range of capabilities, including creating objects, loading textures, handling physics, encoding user interactions, sounds, payments, and external calls, among others.”
Brands within the metaverse will advertise similarly to traditional businesses using billboards or in high-traffic land parcels where their products will enjoy maximum visibility. The team expects some neighborhoods to grow into virtual representations of Times Square in New York City.
Investors can buy RobotEra’s native token, TARO in a presale that has raised $721k. 1 TARO is selling for 0.020 USDT, but it is prudent for investors to make haste to the presale page before the price increases to $0.025.
The Sandbox (SAND)
The Sandbox is a virtual world built on the Ethereum blockchain. The platform empowers players to design, own, and earn from their gaming experience through the use of the platform’s token named $SAND.
SAND aims to provide the gaming community with genuine ownership of their creations by implementing non-fungible tokens (NFTs), allowing them to achieve the rightful value of their creations.
In The Sandbox, NFTs and the SAND are the main virtual assets, making up the in-game economy, and have rapidly become the core of the virtual world. They allow players to create, participate, share, acquire, trade, earn digital currency and have the rights to ownership of their creations.
The Sandbox price dodders at $0.72 at the time of writing, with gains exceeding 40% in seven days and 50% in 30 days. SAND is on the cusp of a massive breakout, but first, bulls must push past the immediate hurdle at $0.75.
Traders could place buy orders immediately after The Sandbox confirms movement above the falling trend line (dotted). From here, they may choose to rise the uptrend to highs around $1.50 or cash out at the 200-day EMA (in purple), holding the ground at $0.92.
- Calvaria Play to Earn Game Raises Nearly $3m But Presale Ending Soon so Investors Need to Hurry
- Three Arrows Capital Founders Are Trying to Set Up an Exchange for Distressed Crypto Assets
- Crypto Prices Could Get Stronger All Year Long For These Reasons
- Sandbox $SAND Crypto Price Prediction Pumping Now! BULLISH CHART PATTERN – YouTube
Meta Masters Guild - Next Big Crypto Game
- Backed by Leading Game Studios
- Early Round Presale Live Now
- Low Hard Cap, No Vesting
- Playable NFTs, Rewards, Staking
- Solid Proof & CoinSniper Audited