In the cryptocurrency and blockchain industries, as well as in the fintech industry, the metaverse is becoming the newest hit. Considering that it promises to revolutionize online interactions, communication, and perhaps even the internet itself, this is not surprising.
As a result, it is only natural that crypto projects that revolve around this trend – which is expected to explode in full force in 2022 – are starting to see rapid growth. The prices of many of these are already soaring, with the possibility that they will soon spike by double digits.
It is believed that 7 of the cryptocurrencies surrounding this new concept have the potential to blow up in weeks and months to come.
1. ILV – Illuvium
It starts with Illuvium, which is an open-world fantasy battle game built on Ethereum’s blockchain. The blockchain and gaming industries have been growing steadily, and these days, there are a number of games developed on top of blockchain technology. The first AAA game to utilize this technology, and specifically Ethereum’s network, is generally considered to be Illuvium.
The project wishes to provide entertainment to both, casual gamers and crypto enthusiasts, and eventually mix both of these groups into one. It offers a wide range of possibilities, including trading and collecting features. The game itself is quite fun, which makes it rather clear why it captured the attention of so many out there. It features a vast landscape for users to explore, complete quests, capture Illuvials, and use them for battling others.
The popularity of the game and quality of the gameplay made its native token ILV skyrocket already, going from $33 in late June to an all-time high of nearly $1700 on November 25th. With no signs of stopping, this project definitely shows great promise.
2. AXS – Axie Infinity
Axie Infinity is another blockchain-based game that focuses heavily on NFTs. It allows users to catch monsters called Axies, which they can then use to fight. The game also allows players to upgrade Axis with a variety of attributes, which can be used to fight enemies and earn rewards.
Each monster is quite unique, and their possibilities are endless, all depending on the player’s choices. Therefore, as NFTs, they can be bought or sold for quite a high price, provided that the player develops them enough and makes others interested in them.
Meanwhile, the project also has its own native AXS token, which saw a massive surge over the last several months. Between early July 2021 and early November, the project climbed from $3.52 to $164. While its price corrected somewhat since then, it is very unlikely that the project has reached its ultimate high, and its potential for skyrocketing further is growing alongside the game itself.
3. DG – Decentral Games
This means that the game truly aims to allow players to earn, even enabling them to gain back up to 50% of their losses through DG tokens. The DG token is, of course, the project’s native crypto. It allows users to access the Decentral Games ecosystem and interact with the entire metaverse that surrounds the project.
The token’s price skyrocketed by 9.98% in the last 24 hours, bringing its value to just above $505. This is still not an all-time high, however, which means that DG still has the potential to keep going up. After all, if it managed to reach its ATH of $950 once, then there is no reason to not do it again, and casino game enthusiasts could be there, ready to use this opportunity when it arises.
4. GAFI – GameFi
Currently, GameFi is a project that presents quite a bit of opportunity, as its price sharply corrected recently, which means that it won’t be long before it spikes once more. The token’s price rose from $73 to $351, only to correct to $245. The dip is likely to be temporary, however, which means someone looking to buy the dip has a great opportunity.
As for what GameFi is all about, it is a blockchain-based play-to-earn gaming project that emerged as part of the greater blockchain gaming phenomenon. Essentially, the project’s goal is rather simple — it aims to bring blockchain gaming to the masses. GameFi was developed on BSC and Polygon network, and by now, it has become a host of some rather popular games that are currently available on their platform.
On top of all that, it also has a marketplace that includes NFT collections from many of the featured games.
Its native token, GAFI, also offers other opportunities other than trading or investing, including staking, liquidity support, governance, reduction of the ecosystem’s fees, and it even lets you get discounts on purchases.
5. ALICE – MyNeighborAlice
Next, we have MyNeighborAlice. The game is based on blockchain technology and is essentially a farm and builder game. Many of the game’s features are similar to those of Animal Crossing, a hit game among streamers and casual players for several years.
MyNeighborAlice allows users to purchase virtual islands, upgrade them with unique items, and make them look rather beautiful and unique. Some of these items even allow players to monetize their islands, so there is a possibility to earn while playing, as well. And, of course, there is the matter of the project’s native cryptocurrency, the token ALICE.
The token has already skyrocketed by 18% in the last 24 hours, which currently places its value at $28. However, its current all-time high, reached in March 2021, is at $42.55, meaning that there is still a long way for the token’s price to go before it reaches even the known limits. Meanwhile, as the game continues to surge in popularity, its true potential remains unknown, so the possibility to earn is quite grand.
Other than trading the coin, players can also engage in staking and enjoy a number of other benefits — current and future — that the project’s ecosystem promises to offer.
6. RMRK – RMRK
RMRK, also known as RMRK.app, is near the end of our list. This project is part of Kusama’s NFT strategy and, as such, it is part of the broader movement.
The project’s token, also called RMRK, has a number of use cases already, such as being used as a currency in the RMRK metaverse, preventing fungible token spam, curation of galleries, funding the user account, collateral in DeFi protocols such as Karura, and many others.
The project’s price is currently in the red, but it has seen incredible growth in the last few weeks, so a mild correction like this one is only to be expected. Between November 10th and November 25th, the token’s price surged from $11.33 to nearly $40, from where it corrected to $34. But, as always, this only means that would-be traders now have the opportunity to buy the dip and ride the next price surge as it arrives.
The project itself is a set of NFT legos, essentially, which allow creators to design a system or arbitrary complexity while creating their own NFTs. It functions as a multi-chain and forward-compatible blockchain, specifically built with creators in mind, which makes it both, highly advanced and user-friendly at the same time.
7. PYR – Vulcan Forged PYR
Lastly, we have Vulcan Forged, one of the fastest-growing dApp platforms in the industry. Users can play a number of games on the platform and earn rewards as they go. As a cryptocurrency, PYR is a native token that has many uses. By paying market settlement fees, earning from staking rewards, receiving play-to-earn rewards, upgrading and maintaining game assets, and accessing the NFT dApp incubation club, this token can be used for a variety of purposes.
The project itself functions as a Greece-Roman fantasy metaverse that features purchasable plots of land — exactly 10,000 of them. It has an NFT marketplace that supports non-fungible tokens from all games, and its PYR token is currently in the middle of rapid growth. Between mid-September 2021 and November 23rd, the project went from only $2.85 to an ATH of $31, and all signs seem to indicate that this is not the end and that further growth can be expected in weeks and months to come.