The metaverse is a virtual world where people can interact, work, and play. It has gained a lot of traction in recent years due to its immersive experience and potential for innovation. This potential for innovation gave birth to the idea of metaverse crypto.
Metaverse crypto coins are digital cryptocurrencies used in virtual spaces. However, with so many options on the market, deciding which coins to invest in can be challenging.
To help you out, we listed the best metaverse coins to invest in today, together with how they are used in the metaverse and whether they’re worth the investment.
- Ethereum Layer-2 chain featuring the classic Pepe meme and offering low transaction costs
- Stake $PEPU to earn dynamic staking rewards as massive, passive income
- Pepe Unchained aims to replicate the success of Pepe but with its own ecosystem
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ETH
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USDT
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BNB
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- Latest meme project offering staking rewards for top meme tokens including PEPE & DOGE.
- Buy, stake and earn 3x rewards with the native $STARS token.
- Crypto All-Stars has developed a unique “MemeVault” staking smart contract for max rewards.
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ETH
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USDT
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BNB
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- DAO-based meme coin project offering Vote-to-Earn perks.
- Buy and stake $FLOCK tokens to earn massive rewards at a rate of 684.93 per ETH block.
- Token holders earn rewards via Vote-To-Earn mechanics.
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ETH
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USDT
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Debit
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- Interactive meme coin following the presidential elections
- Stake and vote for either Magatron or Kamacop to earn rewards
- If your chosen candidate wins a debate, you can be airdropped $DUM tokens
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ETH
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BNB
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SOL
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- Fully-fledged crypto casino for meme coin wagering.
- Driven by the native $MEMEBET token players get access to airdrops, bonuses, & more.
- Supports anonymous gaming as well as Crypto Loot Boxes with exclusive prizes.
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ETH
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USDT
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Debit
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- Hot meme coin project with play to earn utility and staking
- Price has pumped 10x in last month, rumored to be listing on Binance
- Over 12k holders and growing
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ETH
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USDT
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Debit
- Innovative FinTech startup revolutionizing payment transactions by integrating blockchain technology with conventional financial infrastructure.
- Native SPY token is the project's utility coin offering holders access to loyalty airdrops, voting power, and early access to exclusive features, products and services.
- All eyes are on this exciting crypto project which is set to launch on 4.5M devices globally by the end of this year alone.
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USDT
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ETH
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USDC
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- A high-stakes battle project where the Wild West meets crypto
- $SHIBASHOOT holders can buy and stake their tokens for passive rewards
- Offers a Posse Rewards referral program where players can earn bonus tokens
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ETH
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USDT
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BNB
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- Groundbreaking BSC token built to reshape financial insurance and offer loans up to 75%
- Buy, HODL and stake your MEME tokens to earn 183% APY rewards
- Investors holding 10,000 or more MEME tokens get state-of-the-art NFTs
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BNB
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USDT
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ETH
- Unique blockchain project merging F1 racing with blockchain technology.
- Buy and stake Race to a Billion tokens & start earning passive rewards.
- Early investors make the most of discounted tokens, staking, & can make predictions on F1 race outcomes.
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ETH
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USDT
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Debit
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- World's first chocolate themed meme coin on Solana, viral potential
- Already showing high Twitter engagement with a 50k+ follower count early in its presale
- Giveaways running on socials and prizes earmarked for top ranked presale buyers by token holdings
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SOL
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USDT
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ETH
Top Metaverse Crypto List
Our research concluded that the following cryptos represent the best crypto metaverse projects of 2024.
- Shiba Shootout (SHIBASHOOT) – Play-to-earn mobile game with generous community rewards.
- Ethereum (ETH) – Smart contract platform with $275 billion market cap.
- Decentraland (MANA) – Build land NFTs with this metaverse crypto.
- The Sandbox (SAND) – Metaverse crypto used by Snoop Dogg and other celebs.
- ApeCoin (APE) – New metaverse coin has a market cap of more than $825 million.
Best Metaverse Coins To Buy Today – Full Review
This comprehensive guide analyzes key metrics for top metaverse cryptocurrencies, including project goals, whitepapers, roadmaps, team credentials, and tokenomics. Explore our expert selections for the best metaverse coins to invest in based on their potential impact on the evolving digital landscape.
1. Shiba Shootout (SHIBASHOOT) – Play-to-Earn Mobile Game With Community Rewards
- Market capitalization/USD raised: $1.2 million
Shiba Shootout ($SHIBASHOOT) is a top metaverse crypto coin that aims to reward its users through various activities. With its mobile game, users can earn the token – or use it to maximize their character’s abilities. This new project brings its users to the Wild West-inspired Shiba Gulch town where epic gun battles take place, but also where community members can share their crypto and meme coin experiences in a storytelling format to earn rewards.
Another way to earn rewards is via the referral program, which gives both the referrer and the new investor free $SHIBASHOOT tokens. On top of that, staking the $SHIBASHOOT token comes with a generous APY of over 800% dynamic. Token holders will be able to vote in the project’s governance in the future or to participate in the “Lucky Lasso Lotteries” for a chance to win crypto prizes. Make sure to follow Shiba Shootout on X and join the Shiba Shootout Telegram group to get the latest updates.
2. Ethereum – Decentralized Smart Contract Blockchain Hosting Some of the Best Metaverse Projects
- Market capitalization/USD raised: $313.1 billion
Ethereum is the world’s second-largest crypto coin by market capitalization and has long been one of the top cryptos to invest in, so the upside potential may be limited compared to newer projects. Nonetheless, as the de-factor blockchain of choice of many leading metaverse projects and other decentralized apps (dApps) Ethereum is still worth considering.
This is especially true when investors factor in the price difference between Ethereum’s current valuations and its former all-time high. As of writing, those electing to buy Ethereum will pay $2,600, which shows Ethereum’s current growth and the potential to reach its all-time high of $4,700.
3. Decentraland (MANA) – One of the Most Established Metaverse Ecosystems
- Market capitalization/USD raised: $559.1 million
Decentraland (MANA) is one of the top 10 metaverse crypto projects in the world. The team behind Decentraland began working on its metaverse in 2015, and the platform was officially launched two years later. This means that Decentraland has a huge head start over many of its metaverse counterparts.
Users that enter the Decentraland metaverse can create their own virtual avatar and socialize with others via on-screen text. users can also explore the many virtual worlds hosted in Decentraland and even purchase virtual plots of land, payable in MANA. As of writing, Decentraland carries a market capitalization of just under $560 million and is priced at $0.2929.
4. The Sandbox (SAND) – Metaverse World Frequented by Snoop Dogg and Other Celebrities
- Market capitalization/USD raised: $614.4 million
The Sandbox (SAND) is one of the most popular metaverse projects in this space. Its underlying digital asset now commands a market capitalization of just over $614 million. This metaverse is frequented by a wealth of celebrities, including Snoop Dogg. In fact, not only has Snoop Dogg bought his plot of land and virtual mansion in the Sandbox, but he has also released his music video specifically for the metaverse.
Real estate prices are extraordinarily high in the Sandbox metaverse, with some plots selling for several million dollars. Nonetheless, one of the best ways to gain exposure to the Sandbox metaverse is to buy and hold SAND tokens. Like other best metaverse coins, SAND can be purchased at a crypto exchange like MEXC.
5. ApeCoin (APE) – Largest Metaverse Coin by Market Capitalization
- Market capitalization/USD raised: $548.2 million
ApeCoin (APE) is another top metaverse crypto with a market capitalization of over $548.2 million as of writing. ApeCoin is the native token of the Otherside metaverse, which is still in the early stages of development.
ApeCoin will be required to purchase virtual plots of land in the Otherside metaverse and subsequently invest in digital real estate. Interestingly, both ApeCoin and the Otherside are being developed by Yuga Labs – the company behind the massively successful Bored Ape Yacht Club NFT collection. That might be one of the main reasons why so many people are talking about this metaverse coin and why it’s so popular.
How We Analyze and Review Cryptocurrencies
1000+ Crypto Assets Reviewed
300+ Research Hours
14 Key Variables Evaluated
50+ Expert Opinions Examined
To ensure our readers receive unbiased, thorough, and reliable information, we conduct extensive research and analysis of a wide range of cryptocurrencies. We assess each crypto asset based on 14 distinct criteria, some of which include:
- Market Potential: We evaluate the likelihood of future growth and the overall potential within the crypto market.
- Liquidity and Trading Volume: We analyze the ease of buying and selling cryptocurrencies and their trading activity.
- Community and Support: We examine the level of community engagement and the quality of support available to users.
- Price History and Market Sentiment: We review historical price data and current market sentiment.
- Security Measures and Past Breaches: We check for strong security protocols and any history of security breaches
By following this thorough approach, we provide comprehensive and reliable reviews tailored to the needs of crypto enthusiasts and investors alike.
What is Metaverse Crypto?
The metaverse is simply defined as a virtual reality world in which users can interact with each other and the computer-generated environment around them. However, the metaverse is not one defined place but has many variations. Each project has a unique and distinct metaverse which has its own blockchain-backed crypto coin.
Not only do metaverse crypto coins serve a purpose in their respective metaverses, but they also enable investors to easily gain project exposure. In theory, the more successful a metaverse project is, the more valuable its native crypto coin will become.
This investment thesis centers on the market forces on demand and supply.
How is Crypto Used in the Metaverse?
The convergence of three technologies that will shape the future of the metaverse includes advancements in virtual reality, blockchain, and artificial intelligence, which promise to revolutionize how we interact, work, and play in digital spaces.
It is estimated that by 2026, 25% of the global population will spend at least one hour per day in the metaverse for digital activities, including work, shopping, education, socializing, or entertainment. A third of global businesses are projected to offer products and services in the metaverse.
Crypto plays a crucial role in the metaverse, shaping its development and integration with real-world systems. Let’s look at some of the applications of cryptocurrencies in the metaverse:
- Buying/selling land within the metaverse – Decentraland, a prominent virtual world, allows users to buy and sell land using its native cryptocurrency, MANA. Similarly, The Sandbox employs its native token, SAND, for various in-game transactions and governance.
- Creating NFTs – Another application of crypto in the metaverse is the creation and trade of non-fungible tokens (NFTs).
- Using crypto in the metaverse for DeFi applications – The use of cryptocurrencies in the metaverse could extend to decentralized finance (DeFi) applications. This could enable users to access financial services such as lending, borrowing, and earning interest on their digital assets within the virtual world.
- The emergence of crypto-based virtual economies – Another potential development is the emergence of crypto-based virtual economies that mirror real-world economic systems. In these economies, users can earn digital assets by offering goods, services, or labor within the metaverse.
Are the Best Metaverse Crypto Projects Worth Investing in?
Read on to learn more about the investment thesis of the best metaverse crypto coins that the market has to offer in 2024.
Unprecedented Upside Potential
We mentioned that from its launch in 2017 to its peak in 2021, Decentraland’s underlying token – MANA, witnessed unprecedented growth of nearly 20,000%.
This is because when MANA was first launched, it was a small-cap project that was entering the metaverse market for the first time. Although MANA still has plenty of upside potential, it is already valued at over a billion dollars, so gains will be unlikely to mirror previous returns.
With that being said, there is a small selection of other metaverse crypto coins that are only just getting started and thus – are yet to list on a crypto exchange. This means that early investors can secure a super-low entry price and subsequently gain exposure to the project while it has a small market capitalization.
Moreover, a recent study discovered that the metaverse will be all around us and worth $5 trillion by 2030, demonstrating its potential influence on diverse aspects of society and the global economy.
Metaverse Concept Supported by Established Global Brands
While skeptics will argue that the metaverse is a fad, this sentiment isn’t shared by many of the world’s largest brands.
For example, Facebook rebranded to Meta Platforms in late 2021. This is associated with the social media giant’s plans to dominate the metaverse space in the coming years.
In addition to Meta Platforms, other brands investing in the metaverse include Google, Apple, Microsoft, Nvidia, and many others. Adidas, Samsung, and Louis Vuitton are among those buying metaverse plots of land in The Sandbox and Decentraland.
Land and Real Estate Ownership
One of the most attractive features of many top metaverse projects is that it enables investors to buy virtual plots of land. Each plot will be backed by an NFT on the blockchain, so ownership is verifiable.
Furthermore, NFTs can be traded in open marketplaces. This means that at some point in the future, owners of virtual metaverse land have the opportunity to sell their investment to another person.
Just like in the traditional real estate market, land prices in the metaverse are determined by demand and supply. This is why some plots in the Sandbox are now trading for seven figures.
A more affordable option is to buy virtual land in an emerging metaverse project, such as Decentraland.
Metaverse Diversification
We analyzed some of the best metaverse crypto coins in the market earlier in this guide, but there are many others. In fact, according to CoinMarketCap, there are now more than 240 metaverse tokens in this space.
This enables investors to build a diversified portfolio of metaverse projects. In most cases, metaverse coins can be purchased for just a few dollars.
A potential strategy here is to invest in metaverse coins from a range of niche markets.
Bear Market Pricing
Although there appears to be a recovery in the making, the cryptocurrency markets are still largely unpredictable. From an investment perspective, this means that it is possible to buy a range of quality metaverse crypto coins at a discount.
For instance, Decentraland and The Sandbox are both trading below their former all-time highs, hugely down from the 2021 bull run.
Buying into top metaverse coins during the bear market is a great way to gain exposure to this space at an attractive entry price.
Metaverse Presales
We listed several projects currently engaged in their respective presales. By investing in one of the aforementioned presales, investors will secure the lowest cost price possible.
In almost all instances, once the presale is over, the respective metaverse coin will list on a crypto exchange at a higher price.
Conclusion – What is The Number One Metaverse Crypto Project?
In conclusion, our list of the best metaverse coins to buy right now is designed to help you make faster and safer investment decisions. We did this because as the hype around the Metaverse is growing, more and more investors will be looking to identify the top contenders.
Based on our analysis, Shiba Shootout is the top metaverse crypto right now. The platform offers high staking yields and gives various rewards by playing the Shiba Shootout mobile game or by completing various activities.