Cryptocurrency prices are slightly higher at the time of writing, as the price of major cryptocurrencies rose marginally in the early morning trading hours of Tuesday, December 13, 2022. The global crypto market cap was $848.03 billion, up 0.83% from the last day. Meanwhile, Bitcoin and Ethereum rose 1.45% and 2.10%, respectively.
The price of some of the leading Metaverse tokens such as ApeCoin, Decentraland and The Sandbox are trading in the red today. In this article, we’ll take a look at three metaverse tokens that are trading lower but worth buying on the drop. Critical factors we consider when choosing these cryptocurrencies include their use, solid financial backing, and data on token transfers by date. Is it the right time to buy dip?
1.Apecoin (APE)
3 metaverse coins worth buying before 2023
ApeCoin is trading at $4.03, down 6.52% in the last 24 hours, and the metaverse coin has a trading volume of $269,824,043. Apecoin’s current CoinMarketCap rank is 30 with a live market cap of $1,455,674,698. It has a maximum supply of 1,000,000,000 APE cryptocurrencies. While the price of Apecoin has increased by about 5.95% in the last week, its performance for the last month has been 51.31%. The announcement of ApeCoin’s (APE) staking rewards has fueled the excitement around the token. Many crypto communities have tried to profit by staking rewards. Users can have rewards as part of any of the four staking pools. One such way is to buy APE and commit to the pool. Since ApeCoin’s staking went live, the demand for APE has increased and its price has increased. Staking can increase or decrease the price of cryptocurrencies as it is affected by market forces of supply and demand.
Decentraland (MANA)
Decentraland is trading at $0.377683, down 0.18% in the last 24 hours, with the asset’s 24-hour trading volume at $26,615,920. With a live market capitalization of 700,634,261 USD, the metaverse token’s current CoinMarketCap rank is 56.
The maximum MANA coin supply is not available. Companies that have invested in Decentraland include Republic Realm, Samsung 837X and Sotheby. Founded in 2017, Decentraland is one of the older projects. As of October 24, it was the third largest metaverse token by market cap.
3.The Sandbox (SAND)
Sandbox is changing hands at $0.551138, down 0.43% in the last 24 hours, and the metaverse token has a trading volume of $75,106,148. With a live market cap of 826,415,252 USD, Sandbox’s current CoinMarketCap rank is 49. It has a maximum supply of 3,000,000,000 SAND coins. Sandbox price has dropped about 8.92% in the last week; In the last six months, it has fallen by 35.75%. In the virtual reality (VR) aspect, this project explores the vision of the meta-universe. Sandbox is basically a game and has the support of game brands like Atari, which can help it navigate unfavorable market conditions. Another promising factor regarding this project is the limited supply of cryptocurrencies of 3 billion tokens, of which 1.5 billion are in use. Seeing the growing popularity of “The Sandbox”, several projects have formed partnerships and purchased land on the platform. These include the British multinational universal bank HSBC, Standard Chartered Bank (Hong Kong) and PricewaterhouseCoopers (PwC).
The information in the article is for informational purposes only. It does not constitute any investment advice. The author and cryptoparahaber.com are not responsible for your profit or loss arising from the investments you make. Investment ultimately relies on many foundations such as knowledge, experience, research and personal decisions.
