The 2022 bear market has been devastating for crypto investors. However, there are several metaverse tokens that should reap major rewards in the years to come. Decentraland (MANA), The Sandbox (SAND), and Enjin (ENJ) are established metaverse tokens that should 10x during the next bull market. Orbeon Protocol (ORBN) is in phase one of its presale and is expected to 60x after its launch.
Now, let’s break down the top four metaverse tokens to invest in.
A staple in the metaverse world, Decentraland describes itself as a place to “create, explore, and trade in the first-ever virtual world owned by its users.” With an all-time high near $6 and a current price of $0.66, Decentraland’s token MANA has clear 10x potential and is considered essential for any metaverse portfolio.
However, Decentraland has come under scrutiny regarding its active player base. With less than 700 players recorded during peak hours, many are wondering if Decentraland can justify such an extensive ecosystem.
As such, Decentraland investors are concerned about the longevity of the project. However, as metaverse technologies begin to be adopted, we may see more people return to Decentraland.
The Sandbox (SAND)
SAND is the native token of The Sandbox. The Sandbox is a metaverse and gaming ecosystem built on the Ethereum (ETH) blockchain. The Sandbox enables players to create, share, and make money from in-world assets and gaming experiences. The Sandbox is down 90% from its all-time high, but The Sandbox ecosystem continues to grow. These two reasons combine to make The Sandbox one of the best metaverses of 2023.
Enjin is a blockchain-based platform with an NFT focus. Enjin wants to help humanity create advanced virtual economies. The team’s focus on NFTs has massive implications for the metaverse, as it would enable players to use their NFT items. For instance, a player could wield a dragon-slaying sword across different game worlds. Enjin is down over 90% while the team remains hard at work. Enjin is ranked #85 by Market Cap on Coinmarketcap, which is further down than The Sandbox (SAND) and Decentraland (MANA). This could signal to investors that Enjin has more room to grow.
Orbeon Prortocol (ORBN)
Orbeon Protocol is an investment platform that revolutionizes and disrupts the crowdfunding industry by minting a company’s equity as fractionalized NFTs. Now, individual investors can then invest in these companies by purchasing the NFTs for as little as $1.
Unlike other investment platforms, Orbeon Protocol has a “Fill or Kill” mechanism that eliminates the fallout that typically occurs when the funding process falls through. If a company doesn’t reach its fundraising goals within the set timeframe, the invested capital is automatically returned to investors. With Orbeon Protocol, you don’t have to stress about getting your money back from unsuccessful rounds of funding.
Orbeon Protocol is powered by the ORBN token. By holding this token, investors can receive governance privileges, access to funding rounds, and discounts on trading fees. Right now, ORBN can be bought at $0.004 per coin. However, experts are anticipating a 6000% increase in price to reach $0.24 by the end of the pre-sale phase. Orbeon has a total supply of 888,000,000 tokens with 40% available for public presale.
That concludes our picks for the four best metaverse investments for 2023. In the end, ORBN’s expected 60x return on investment far overshadows the otherwise impressive 10x potential of MANA, SAND, and ENJ.