Top Metaverse Crypto Coins to Watch in 2024

Recently, Metaverse tokens have made huge noise in the crypto markets. The token had gained huge attention in the past, which faded during the 2022 bear market. However, with the resurgence of strength among the majority of the tokens, the possibility of a fresh upswing emerges. Metaverse tokens are blockchain-based digital currencies that allow users to participate in Metaverse’s economy. 

Using these tokens, one can purchase everything from virtual land, clothes for your avatar, in-game gear, and digital art, usually NFTs. The crypto markets are gaining strength, with the tokens maintaining a significant ascending strength. Here is the top metaverse crypto token list that needs to be closely monitored. Since the beginning of the year, these tokens have been gaining strength and could go long in 2024.

Internet Computer (ICP)

Internet Computer are among the chains that intend to shake up the centralized internet by introducing a decentralized alternative. The token has destabilized the market with a huge market capitalization of over $5 billion. The ICP price began the trade with a huge blast and marked a new ATH at $750, which was followed by a bearish pullback. 

The token experienced a huge influx of volume in the past few weeks, which has propelled the price by over 55% since the beginning of the year. The price appears to have risen over the bearish influence, and once the price breaks the barrier at $18 to $20, a fresh ascending trend may be triggered to reach beyond $50 soon.

Read more: Best Cryptos 2024

Stacks (STX)

Stacks, the Bitcoin layer for smart contracts, enables smart contracts and decentralized applications using BTC. This platform unlocks $500B in BTC capital using Layer 1 as the settlement layer. The price triggered a significant upswing from the lows below $0.5 and marked a fine upswing of over 380%. 

The STX price achieved a double-bottom pattern and is approaching the neckline but failed to surpass the crucial resistance. The price is facing a minor pullback as the bears are trying hard to ascertain a fine descending trend. However, with a slight change in market behavior, the price may resume with a fine upswing and reclaim levels above $2. 

Axie Infinity (AXS)

Axie Infinity is a blockchain-based gaming platform that is partially owned and operated by its users. The platform allows users to collect, breed, raise, battle, and trade token-based creatures called Axies. Following the market sentiments, the AXS price has recorded a growth of over 160% in the past months and could maintain a healthy upswing ahead. 

After quite a long time, the volatility of the token has risen with a notable rise in trading volume. This has led the price to trade close to the 2023 highs at $12 but failed midway. Despite a rejection, the bulls are displaying huge strength as the selling pressure is slowly decreasing. Hence, a fine upswing could elevate the price beyond $15 in 2024.

The SandBox (SAND)

The SandBox began its trading journey during the latter phase of the 2021 bull run and achieved great highs. It is a blockchain-based virtual world that allows users to create, build, buy, and sell digital assets in the form of a game. It also combines the features of a DAO and NFTs to offer a strong platform for the gaming fraternity.

After maintaining a prolonged bearish trend, the STX price has strongly rebounded from the lows and marked a 140% jump. The bears tried hard to pull back the price, but the bulls are utilizing all their strength & defending the support very well. Therefore, with the resurgence of bullish momentum, the SAND price is expected to rise above $1 and head towards the highs. 

Decentraland (MANA)

Decentraland, the virtual reality platform powered by Ethereum, enables users to create and experience content & applications that can be monetized as well. MANA and LAND are the two native tokens of the platform, while prior is an ERC-20 token that needs to be burned to acquire an ERC-721 LAND token.

Decentraland once had been the top metaverse crypto token as per market capitalization, with its remarkable rise of over 8000% since its inception. With a slight rise in volume, the MANA price has displayed a significant rise of over 100% in the past couple of months. Therefore, once the price achieves levels above $1, a fresh upswing may be triggered to test the higher targets. 

Theta Network (THETA)

Theta Network is a video streaming platform where users share bandwidth and computing resources on a peer-to-peer network. The native token, THETA, which is used as a governance token, manifested a fine upswing during the 2021 bull run and 20x rally to reach highs above $10. 

Ever since the token reached a high of $15.90, the trend has been bearish as the bulls failed to fade off the selling pressure. Even though the price triggered the yearly trade on a bullish note, the bears soon jumped in to restrict the price to $1.44. However, market sentiments are believed to flip soon, which may elevate the THETA price beyond $3. 

Apecoin (APE)

The Apecoin ecosystem aims to incentivize a decentralized community using its native token, APE. The holders control the DAO and vote on the proposals for improvements to the platform. The token has gained huge popularity in the first few weeks of its inception, due to which the price reached a high of over $39. 

The token has been printing huge bullish candles for the past few months and set up a fine upswing of around 100%. Over the past few days, the bearish activity has intensified, which has hindered the progress of the rally. However, with a significant rise in bullish momentum, the APE price is believed to revive a strong ascending trend. 

The token has been printing huge bullish candles for the past few months and set up a fine upswing of around 100%. Over the past few days, the bearish activity has intensified, which has hindered the progress of the rally. However, with a significant rise in bullish momentum, the APE price is believed to revive a strong ascending trend. 

Enjin Coin (ENJ)

It is a platform that offers an ecosystem of interconnected, blockchain-based gaming products. It also allows the developers to tokenize in-game products on the Ethereum chain. The native token, ENJ has recently rebounded from the lows to set a fine upswing of over 100%. Therefore, the token is believed to maintain a healthy upswing regardless of the bearish influence. 

Wrapping it Up!

The metaverse space is coiling up hard and is expected to revive the bullish momentum in the coming days. Other than the above-mentioned Metaverse crypto coins, some emerging metaverse crypto tokens like HighStreet (HIGH), Star Altas (ATLAS), MAGIC (MAGIC), etc, and a few more show immense potential to follow suit. However, the Metaverse crypto tokens are usually highly volatile and hence require a calculated and cautious approach. 

Read more: Pepecoin Price Prediction