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MANA and ENJ Lead Metaverse Adoption, 1000x Price Surge Soon?


coinquora.com 19 April 2022 11:42, UTC
Reading time: ~2 m

Metaverse continues to blow the crypto space with its evolving blockchain technology. Currently, there are already hundreds of metaverse projects in the market that offer great use cases. This gave the investors in and out of the crypto-verse the flexibility to choose their NFT and metaverse appetite.

At the time of writing, the Decentraland (MANA) network ranks highest in terms of investor holders. Specifically, the free-to-play metaverse platform recorded over 235k active address holders. It is the pioneer in the 3D metaverse with a huge market capitalization of over $3 billion.

MANA is followed by Enjin (ENJ). The network enables developers and brands to have a one-stop shop ecosystem for all their NFT and metaverse needs. It also provides users with an easier way to launch NFTs. Recently, the network garnered over 170k holders, proof that the network is supported by huge fans globally.

Aside from these networks mentioned above, other platforms such as The Sandbox (SAND), Alien Worlds (TLM), and Axie Infinity (AXS) made it to the list. These platforms have holders that range from 60k to 135k. The never-ending platform developments that these platforms do over time are one reason why they increased their holders.

Regardless, it is up to the investors to choose what metaverse network fits their risk appetite. However, it is important to know and understand cryptocurrency before investing to avoid losses that cannot be recovered.

On the other hand, Bitcoin, the king of crypto assets, successfully smashed its $40k resistance level. It is currently traded at a decent price of almost $41k with a 24-hour trading volume of more than $27 billion. Moreover, the whole crypto market cap has been up by +4.5% in the past 24 hours. With all these recent achievements made by the space, do you think these metaverse networks may face 1000X soon?        

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