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Metaverse Cryptocurrencies Under $10 • Benzinga Crypto

Metaverse Cryptocurrencies Under $10 • Benzinga Crypto
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Looking to invest in the metaverse cryptocurrency? Gemini Exchange offers several options to choose from!

The metaverse has not only become a hot topic, it has offered individuals and organizations the possibility to learn, earn and play in a new virtual world. The metaverse is monetized by digital tokens that act as currencies within different virtual worlds. These codes are often used to purchase avatar wearables, create games, offer rewards, and grant access to events. The Token utility is sure to expand with the development of the metaverse in the future.

The metaverse projects that are currently being developed on many blockchains are powered by tokens that are used to purchase assets. Real estate, wearable devices, and events have become three notable use cases for these tokens. Metaverse tokens are a unit of currency used to perform transactions within the metaverse, and while some metaverse tokens can only be spent within the metaverse, some are also available on exchanges such as Coinbase Global Inc. (NASDAQ: COIN) and Gemini.

As more avatars find their feet in the virtual lands of the metaverse, it’s worth exploring some metaverse crypto investments under $10.

Defining the metaverse is not easy. It is basically a virtual world with digital economies built in different environments where avatars can buy, sell and interact with digital assets. The concept changes how people interact with blockchain technology and develops virtual landscapes that include real estate, events, and NFTs. Tokens used to interact within these worlds clearly distinguish the metaverse from virtual reality or any online gaming platform. Today, characters and organizations have the power to create self-sustaining ecosystems with the potential to earn, learn, and play within virtual worlds.

Decentraland (MANA): history, overview and comparison

Founded in 2017 and opened to the public in 2020, Decentraland is built on the Ethereum blockchain and is now one of the most popular blockchain platforms globally. With over 300,000 monthly active users on Decentraland and big names like Paris Hilton hosting music events, this metaverse has attracted huge interest so far. Luxury brands and famous faces were quick to see the unique branding opportunities available in Decentraland. Nikeland is one of the most famous brands and has a location in Decentraland within the fashion district, where you can also shop for Gucci or Prada Clothing.

The original Decentraland token is called MANA. The value of this token increased over time but skyrocketed when Mark Zuckerberg announced the change of Facebook’s name to Meta Platforms Inc. (NASDAQ: FB). In January 2022, the token market cap crossed $4 billion and was ranked among the top 50 coins on

MANA token holders become part of the Decentraland community and can suggest and vote on policy updates, LAND auction properties, and allowed content types in the metaverse. Major crypto exchanges facilitate trading in MANA, including Coinbase, eToro, and FTX. You can buy one MANA token for just over $3 as of January 2022.

Sandbox (SAND): History, Overview & Comparison

Sandbox is a metaverse game built on the Ethereum blockchain where players can create, play, earn, own and monetize their experiences. Within The Sandbox, users can trade digital assets using their native tokens SAND, LAND, and ASSETS. The project was launched in 2011 by Pixowl, and the founders are on a mission to bring blockchain technology into the traditional gaming industry. It’s best known for being the home of adidas Originals that bought a plot of land in The Sandbox in 2021 and the Snoopverse, which Snoop Dogg calls his slice of the metaverse pie.

The platform’s primary token is SAND, and this token facilitates transactions on the Sandbox platform. SAND tokens can be used to purchase digital assets and to create profitable gaming experiences. Tokens can be purchased from digital exchanges such as Coinbase and eToro. SAND owners can use them to purchase in-game wearables for their avatars, vote on proposed plans for the Sandbox metaverse and stock tokens to earn future rewards.

In November, The Sandbox raised $93 million in a Series B round led by gaming company Softbank Vision Fund 2. The increase was the company’s first investment in the cryptocurrency space. It also has big plans to support more creators and bring more brands into the metaverse.

According to Etherscan, there are approximately 100,000 SAND token holders in January 2022. Currently, one SAND is worth more than $5.

Enjin Coin (ENJ): History, Overview & Comparison

Enjin was founded in 2009 as a community gaming platform. In 2017, it took off in the blockchain industry and launched an ERC-20 token, Enjin Coin (ENJ). With over 1 million user downloads from its portfolio and over 3,000 projects created on the platform, ENJ is used to underpin the value of NFTs directly within the Enjin ecosystem.

The platform provides developer groups that give developers the tools to build their NFTs on the Ethereum blockchain and integrate with blockchain games and decentralized applications (DApps). When a new NFT is poured onto the Enjin network, an ENJ is poured into the token. Closed boxes give real world value to newly built goods.

Enjin is a pioneer in the field of NFTs on Ethereum with its ERC-1155 nodes that allow NFTs to upgrade. The platform also maintains its own native NFT marketplace and wallet with NFT support. In 2021, Enjin’s Efinity won the sixth parachute auction in Polkadot with a contribution of more than $214 million to the DOT. Efinity is Enjin’s scalable, decentralized, multi-chain NFT infrastructure. In January 2022, one ENJ was trading at around $3.

Due to the emergence of cryptocurrencies as assets in the world of finance, many individuals consider crypto as part of portfolio diversification. However, there are major differences. The stock represents a share of the business. To own a stock, one usually uses a brokerage account. Although stock exchanges have been around for centuries, cryptocurrency exchanges like Coinbase are new to the scene. With crypto, the value depends on a combination of factors, including the supply and demand for that digital currency. Investors face risks and market fluctuations in trading stocks and cryptocurrencies.

1 minute review

Coinbase is one of the largest cryptocurrency trading platforms on the internet. From Bitcoin to Litecoin or Basic Attention Token to Chainlink, Coinbase makes it incredibly easy to buy and sell major cryptocurrency pairs.

You can even earn cryptocurrency rewards with Coinbase’s unique Coinbase Earn feature. More advanced traders will love the Coinbase Pro platform, which offers more order types and improved functionality.

Although Coinbase does not offer the most affordable rates or the lowest fees, its simple platform is easy enough for complete beginners to master in just one transaction.

best for

  • New Cryptocurrency Traders
  • Cryptocurrency traders are interested in major pairs
  • Cryptocurrency traders are interested in a simple platform

  • Simple platform easy to operate
  • The comprehensive mobile application reflects desktop functionality
  • The Coinbase Earn feature rewards you with cryptocurrency for finding available coins

  • Higher fees than competitors


securely through the eToro website

disclosure: eToro USA LLC; Investments are subject to market risk, including the possibility of losing capital.

1 minute review

Headquartered in Cyprus, England and Israel, eToro has been offering forex products and other CFD derivatives to retail clients since 2007. One of the main eToro plus social trading operations, including OpenBook, allows new clients to copy the trading of the best performance for the platform. Its social trading features are top notch, but eToro is losing points for its lack of tradable currency pairs, disappointing research, and customer service features.

best for

  • Cryptocurrency traders in the United States
  • Social Traders and Transcripts
  • Simple user interface
  • Community participation and follow other traders

  • 25 cryptocurrency
  • Wide network of social trading features
  • Large customer base for new traders to imitate

  • US Traders Can Only Buy Cryptocurrencies

1 minute review

Webull, founded in 2017, is a mobile app-based brokerage that features commission-free stock trading and exchange-traded funds (ETF). It is regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

Webull offers active traders technical indicators, economic calendars, ratings from research agencies, margin trading and short selling. The Webull trading platform is designed for intermediate and experienced traders, although novice traders can benefit from it as well.

Webul is widely considered one of the best Robinhood alternatives.

best for

  • Active Traders
  • intermediary traders

  • There are no fees to open and maintain an account
  • There are no account maintenance fees or software platform fees
  • Easy-to-use trading platform with technical and fundamental analysis tools

The future of the metaverse looks bright. To provide the ultimate escape from the rigors of real life, brands and companies are using the metaverse as a playground for positivity with opportunities to tap into vibrant and profitable crypto communities.

With more avatars spending time roaming around these virtual real estate, assets located in these worlds are becoming increasingly valuable. Plots are of interest to people, brands and organizations who want to be a part of these worlds of the future. As the physical world continues to join forces with the metaverse, the trend of buying into new environments and projects will continue. Later this year, Decentraland will host the first Metaverse Fashion Week where users can get a glimpse into the NFT wearable industry that is sure to expand as trendy avatars proliferate.

Benzinga has developed a specific methodology for classifying cryptocurrency exchange instruments. We prioritize platforms based on offers, pricing, promotions, customer service, mobile applications, user experience, benefits and security. For a comprehensive analysis of our methodology, please visit our cryptocurrency methodology page.

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