6 Best Metaverse Crypto Coins to Buy in 2024

Metaverses are defined as an interconnected landscape of digital worlds that typically leverage the latest blockchain technologies to deliver a new medium for interacting with people and content.

They vary considerably in their scope and function, but most have a digital token associated with them that powers their internal economy and features. The best metaverse crypto coins have historically produced impressive returns for investors, and the next generation of metaverses are currently being built.

With that in mind, we take a look at some of the most promising in 2024 and beyond.

Best Metaverse Crypto Coins to Buy in 2024

A quick overview of our picks for the best metaverse crypto coins of 2024.

1. Cosmos – Dubbed the ‘internet of blockchains’, Cosmos connects various blockchains, and therefore, metaverses.
2. Decentraland – One of the top metaverse games by market cap with huge investment from brands and institutions.
3. ApeCoin – Utility token for the Bored Ape Yacht Club NFT collection, which includes the Otherside metaverse.
4. Enjin – Crypto gaming platform that allows metaverse builders to build their worlds and communities in one place.
5. Polygon – Leading layer-2 network allowing for faster, cheaper and more secure development by dApp builders.
6. My Neighbor Alice – One of the most promising metaverse crypto projects

A Closer Look at the Best Metaverse Coins to Invest in

Today, there are hundreds of metaverses in development and tens of thousands of daily users, although the migration to Web3 has not been as quick as many were predicting during the 2021 bull run, which saw huge investment in the space.

As with most investment vehicles, not all metaverses or metaverse projects will deliver on their promises, but a select few will go on to shatter expectations and deliver a potentially world-changing product.

With that in mind, let’s take a closer look at some of the best metaverse coins of 2024. Each of these was chosen based on its long-term potential and disruptive qualities — giving them a strong chance of pulling off an impressive performance in the coming months and years.

1. Cosmos (ATOM) – Powering an Interoperable Metaverse Ecosystem

In recent months, the Cosmos ecosystem has expanded dramatically, and it is now widely expected to host the next generation of breakthrough blockchain applications — including metaverse and DeFi platforms.

As an interoperability network, Cosmos is designed to allow applications on independent blockchains to communicate with one another, forming an information superhighway of sorts for the blockchain landscape.

Given this functionality, it is likely that Cosmos will help to power at least some next-generation interoperable metaverses, making it a top future crypto, while existing metaverses may leverage its technology to expand their horizons.

Several projects are already looking to establish a metaverse in the Cosmos ecosystem, this includes a digital world and NFT marketplace known as Passage. Likewise, several blockchains built using the Cosmos SDK are now capable of hosting metaverses — including Terra, Oasis Network, Secret Network, and Agoric.

The best metaverse crypto coin projects include those that focus on interoperability since it can help them reach a huge audience. This appears to be reflected in the price of the Cosmos (ATOM) token, which has been on an uptrend for three months solid.

2. Decentraland (MANA) – One of the Top Metaverse Coins by Market Capitalization

One of the first blockchain-based metaverses, Decentraland, hit the market with a bang in February 2020.

Since then, it has grown to become a phenomenon in its own right, being one of the most popular metaverses and host to some of the biggest metaverse-based events — like the massively popular Metaverse Fashion Week and Metaverse Music Festival.

By the end of 2021, the platform had notched up an impressive 300,000 monthly active users, along with tens of thousands of LAND owners — many of which develop their land into interesting products, environments, and works of art. While numbers have dropped since, the platform has become the go-to spot for metaverse events and sees significant spike around events.

The platform’s native cryptocurrency, known as MANA, will go down in history as one of the most profitable metaverse assets of all time. To this day, it remains a must-have in any best metaverse crypto coins list.

The MANA token is currently trading at around $0.75, up 2813.61% from its lowest. There’s plenty of room for up to 1,000% growth to reclaim its all-time highest value of $5.85.

3. ApeCoin (APE) – The Token For BAYC’s Otherside Metaverse

No metaverse crypto coins list would be complete without ApeCoin, the native asset of the Bored Ape Yacht Club universe.

In 2023, Yuga Labs — the firm behind Bored Ape Yacht Club and several other NFT collections — released the demo for its own metaverse and NFT project, known as “Otherside.”

Given the size and reputation of Yuga Labs for delivering quality NFT-based products, expectations are extremely high for the ambition and scope of the Otherside metaverse.

The Otherside is one of the few blockchain-based metaverses to focus on interoperability. It blends aspects of massively multiplayer gaming and Web3 accessibility to produce a bustling and immersive digital world.

The ApeCoin (APE) token is the native transactional unit within the Otherside metaverse and will be used as a peer-to-peer currency between users. It will also likely be required to buy and/or rent land within Otherside.

Given the massive potential of Otherside, ApeCoin is a solid contender for the most promising metaverse crypto.

4. Enjin (ENJ) – A Powerful Platform for Building Metaverse NFTs

Enjin is a popular platform that allows developers and creators to deploy powerful NFT projects and collections.

One of the most promising applications of blockchain technology, non-fungible tokens have the potential to enrich the metaverse and provide both users and brands with access to new opportunities.

Today, the vast majority of blockchain-based metaverses support NFTs. This includes digital land in platforms like Decentraland and The Sandbox, collectible critters in Tamadoge and Axie Infinity, and works of art in the Cryptovoxels metaverse.

As NFTs become increasingly woven into the metaverse, crypto coins/projects operating in the metaverse will need an intuitive and capable platform for creating and deploying their NFT collections.

As the “blockchain for NFTs,” Enjin has an excellent chance of becoming the platform of choice for these projects. This, in turn, could drive up demand for the ENJ token — which can be used to create NFTs using Enjin.

5. Polygon (MATIC) – Making Metaverse Crypto Projects More Accessible

In order for metaverses to grow in popularity, they need to be accessible. Right now, one of the primary barriers to entry is transaction fees — many blockchains are just too expensive to use.

Polygon looks to change this by providing a high-speed and low-cost layer-2 blockchain that can support Ethereum dApps and tokens. The platform supports DeFi applications, NFTs, and interoperability protocols, making it well-suited for metaverse applications.

It’s also incredibly popular among developers, with over 19,000 dApps already running on the platform.

Several Metaverse crypto coins projects already leverage Polygon’s technology to reach a wider audience, including the likes of Neon District, Vulcan Forged, and Carrieverse. Likewise, metaverse juggernaut The Sandbox recently deployed on the energy-efficient chain.

As the primary gas token and medium of exchange on Polygon, the MATIC token has huge potential and could be set to see skyrocketing demand in the months and years ahead as more users get to grips with Polygon-based metaverses.

6. My Neighbor Alice (ALICE) – One of the Most Promising Metaverse Crypto Projects

A blockchain-based multiplayer builder game, My Neighbor Alice allows players to buy, own, and monetize their own virtual land. It is similar to Animal Crossing in its gameplay but also features an NFT lending system, DeFi features, and a complex in-game economy centered around the ALICE token.

One of the best-known play-to-earn games and metaverse projects, My Neighbor Alice launched with a bang in March 2021 and will go down in history as one of the most profitable IDOs of all time — generating public sale participants a whopping 26,000% profit at its peak.

As a play-to-earn game and micro-metaverse, My Neighbor Alice provides players with a range of ways to earn tokens and is also free-to-play — making it incredibly accessible.

Since its launch, the ALICE token has fallen from a peak of over $26 to just over $2, but the hype for the project remains high.

Further, given that it’s one of the first metaverse titles available via the Steam store, ALICE remains a key crypto to watch in the coming months.

What are Metaverse Crypto Coins?

Metaverse crypto coins, also known as metaverse tokens or virtual currency, are digital assets native to virtual worlds.

These cryptocurrencies enable metaverses to have their own self-contained economies. They can be used to funnel value back to the users, allow users to govern how the metaverse works, and even transmit value between metaverse users and the brands that inhabit the metaverse.

Any cryptocurrency associated with a metaverse — whether that’s its native currency, governance token, utility token, or an underlying layer-1 token— can be considered a metaverse crypto coin.

Our guide on how to invest in the Metaverse has more information about how the future of metaverse crypto coins could potentially unfold.

Are Metaverse Coins a Good Investment?

According to a recent report by Spherical Insights, the metaverse was a $50.54 billion industry in 2021 but is expected to reach $626.65 billion by 2030 — achieving a compound annual growth rate of 45.2%.

Given that the industry is still in its early days, savvy analysts and investors are beginning to take positions in promising metaverse projects, with the expectation that some will go on to become massively successful as their potential is revealed.

Indeed, even several governments, countries, and U.S. states are betting on the metaverse — including the South Korean government, which has reportedly set aside 223.7 billion won (around $160 million) for investment into various metaverse initiatives.

Given the huge amount of attention the space is receiving, the metaverse is shaping up to be an incredibly attractive investment.

But not all metaverse coins are built equal, and only some will go on to achieve meteoric growth, while there has been some pullback from institutional investors, with many major companies – including Meta – switching focus to artificial intelligence in 2023.

Here’s how to spot potential winners:

Development scope

Metaverse projects can vary considerably in their potential, given that some are more ambitious than others.

Metaverse platforms that offer the best mix of features, accessibility, and opportunities stand the best chance of achieving significant adoption. That said, it’s important to be wary of platforms that make exaggerated claims — since these are unlikely to deliver.

Underlying technology

Most metaverses are built using blockchain technology. The specific platform the developers opt to build on can directly impact the uptake, utility, and longevity of the metaverse.

Proven platforms like Ethereum and BNB Chain are among the most popular, but a range of competitors are also gaining ground — including Solana, Avalanche, and NEAR.

But more than this, the most ambitious metaverses often have technological advantages that can help them thrive.

Community

The top metaverse coins typically have one major thing in common — they all manage to build a strong community.

As a powerful new medium for work, play, and entertainment, the metaverse is also an incredibly social place. Those with a strong community stand the best chance of achieving long-term success.

What Determines Metaverse Crypto Prices

Metaverse cryptos, like all digital assets, are subject to the laws of supply and demand. The following factors can lead to changes in the value of the asset over time.

Overall Market Conditions

Like most cryptocurrencies, metaverse tokens are subject to the broader market sentiment and trends. Factors such as investor sentiment, macroeconomic conditions, regulatory developments, and technological advancements in the blockchain space can all impact the prices of metaverse coins.

Game Adoption Rate

The adoption rate of metaverse platforms and virtual worlds within the gaming community can significantly influence the demand for associated cryptocurrencies. Higher adoption rates suggest increased utility and demand for these tokens, which can drive their prices upwards. Conversely, slow adoption or lack of interest in metaverse gaming experiences may dampen demand.

In-Game Economy

Within metaverse environments, virtual economies often exist where users can buy, sell, and trade digital assets such as virtual land, items, or in-game currencies. The health and activity levels of these in-game economies can impact the value of metaverse tokens.

Conclusion

The metaverse is, without a doubt, one of the most ambitious and innovative sectors, but its true potential is still being unraveled.

Nonetheless, several early movers have demonstrated the extraordinary opportunities the metaverse presents to both users and developers — providing new ways to create, shop, socialize, work, and relax.

In the coming years, there is a strong chance that we will be spending more and more of our time in the metaverse. Along with the popularity of the metaverse, several new crypto presales are offering high-growth opportunities to investors.

FAQs

What is metaverse crypto?

Metaverse cryptocurrencies are a type of digital asset that is associated with a metaverse platform. Popular metaverse cryptos include Axie Infinity (AXS), Decentraland (MANA), The Sandbox (SAND), and Tamadoge (TAMA).

These are typically used as the in-world digital currency for these metaverses, being used for marketplace payments, peer-to-peer transactions, in-game purchases, governance, and more.

Where can I buy metaverse crypto?

Choosing where to buy metaverse crypto from can be overwhelming for many traders since popular metaverse coins are typically available on dozens of well-reputed platforms.

Despite this, a handful of platforms stand out as popular choices. Binance is preferred among more experienced traders thanks to its wide range of tools, services, and products.

How do I buy metaverse crypto?

If you’re researching how to buy metaverse crypto, you’ll be pleased to find out that it’s easier than you might think. In most cases, you simply create an account at your chosen exchange or broker, fund your account using other cryptocurrencies, bank transfers, or debit cards, find the metaverse coin you want to purchase, and set your limit or market order.

Is metaverse crypto a good investment?

As with all asset classes, there are winners and losers among metaverse crypto. Not all metaverse coins are good long-term investments, but some can go on to generate incredible returns. The quality, uniqueness, underlying technology, and team can significantly impact a metaverse coin’s odds of success.

What crypto will be used in the metaverse?

Just like there is a range of metaverses, most of which will remain isolated from one another, there will also be a range of different metaverse cryptos. In most cases, each metaverse will have its own proprietary token, whereas some metaverses may go on to support popular layer-1 coins and tokens, such as BTC, ETH, and/or BNB.

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.