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Metaverse Cryptocurrencies Under $ 10 • Benzinga Crypto

Looking to invest in metaverse cryptocurrency? The Gemini exchange offers several options to choose from!

Not only has the metaverse become a hot topic, it has offered individuals and organizations the potential to learn, win, and play in a new virtual world. The metaverse is monetized by digital tokens which act as currencies in different virtual realms. These tokens are often used to buy clothes for avatars, create games, offer rewards, and grant access to events. The utility of tokens is sure to expand as the Metaverse expands into the future.

Metaverse projects currently being developed across multiple blockchains are powered by tokens used to purchase assets. Real estate, clothing, and events have become three important use cases for these tokens. Metaverse Tokens are a unit of currency used to transact within the Metaverse, and while some Metaverse tokens can only be spent in the Metaverse, some are also available on exchanges such as Coinbase Global Inc. (NASDAQ: COIN) and Gemini.

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

Defining the metaverse is not easy. It is essentially a virtual world with digital economies built in various environments where avatars can buy, sell and interact with digital assets. The concept is changing the way people engage with blockchain technology and the development of virtual landscapes that include real estate, events, and NFTs. The tokens used to interact within these worlds clearly differentiate the metaverse from virtual reality or any online gaming platform. Today, avatars and organizations have the ability to create self-sustaining ecosystems with the potential to win, learn, and play in virtual worlds.

Decentraland (MANA): history, overview and comparison

Founded in 2017 and open to the public in 2020, Decentraland is built on the Ethereum blockchain and is now one of the most popular blockchain platforms in the world. With over 300,000 monthly active users in Decentraland and big names like Paris Hilton hosting music events, this metaverse has generated enormous interest to date. Luxury brands and famous faces were quick to see the unique branding opportunities offered at Decentraland. Nikeland is one of the best known brands with a location in Decentraland in the Fashion District, where you can also buy Gucci or Prada clothing.

Decentraland’s native token is called MANA. The value of this token increased over time but skyrocketed when Mark Zuckerburg announced Facebook’s name change to Meta Platforms Inc. (NASDAQ: FB). As of January 2022, the token’s market cap is over $ 4 billion and it is ranked in the top 50 for coins on

MANA token holders become members of the Decentraland community and can propose and vote on policy updates, LAND auction specifics and types of content allowed in the metaverse. Major crypto exchanges make it easy to trade in MANA, including Coinbase, eToro, and FTX. You can buy a MANA token for just over $ 3 starting January 2022.

Sandbox (SAND): history, overview and comparison

The Sandbox is a metaverse game built on the Ethereum blockchain where players can create, play, earn, own, and monetize their experiences. In The Sandbox, users can trade digital assets using their native SAND, LAND, and ASSETS tokens. The project was started in 2011 by Pixowl, and the founders are on a mission to bring blockchain technology to the traditional gaming industry. It has come to be known as home to the Adidas Originals brand which bought land in The Sandbox in 2021 and Snoopverse, what Snoop Dogg calls his share of the metaverse pie.

The primary utility token for the platform is SAND, and this token facilitates transactions on the Sandbox platform. SAND tokens can be used to purchase digital assets and to create fun gaming experiences. Tokens can be purchased on digital exchanges like Coinbase and eToro. SAND owners can use it to purchase in-game clothing for their avatars, vote on proposed plans for The Sandbox metaverse, and wagering tokens to earn future rewards.

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

Nearly 100,000 SAND token holders exist as of January 2022, according to Etherscan. Currently, one SAND is over $ 5.

Enjin Coin (ENJ): History, Overview & Comparison

Enjin was established in 2009 as a community gaming platform. In 2017, he turned to the blockchain industry and launched his ERC-20 token, Enjin Coin (ENJ). With over one million user downloads in its portfolio and over 3,000 projects created on the platform, ENJ is used to directly support the value of NFTs created within the Enjin ecosystem.

The platform provides software development kits that give developers the tools to create their own NFTs on the Ethereum blockchain and integrate with blockchain games and decentralized applications (DApps). When a new NFT is created on the Enjin network, ENJ is created in the token. Blocked funds give newly constructed assets real value in the world.

Enjin is a pioneer of the NFT space on Ethereum with its ERC-1155 contract which allows NFTs to upgrade. The platform also manages its own native NFT marketplace and a wallet with NFT support. In 2021, Enjin’s Efinity won the sixth Polkadot Parachain Auction with a contribution of over $ 214 million in DOT. Efinity is Enjin’s scalable, decentralized, cross-chain NFT infrastructure. In January 2022, an ENJ is trading around $ 3.

As cryptocurrencies emerge as assets in the financial world, many people see crypto as part of portfolio diversification. However, there are some key differences. A share represents a part of a company. To own a stock, one would generally use a brokerage account. Although exchanges have been around for centuries, crypto exchanges like Coinbase are new to the scene. With crypto, the value depends on a series of factors, including the supply and demand for this digital currency. Investors face risk and market volatility in stock and crypto trading.

1 minute exam

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

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

While Coinbase doesn’t offer the most affordable prices or the lowest fees, its straightforward platform is fairly easy for complete newbies to learn in a single transaction.

Best for

  • New cryptocurrency traders
  • Cryptocurrency Traders Interested in Major Pairs
  • Cryptocurrency Traders Interested In A Simple Platform

  • The simple platform is easy to use
  • Full mobile app mirrors desktop functionality
  • Coinbase Earn feature rewards you with crypto to learn more about available coins
The inconvenients

  • Higher fees than competitors

To start

securely via eToro website

Disclosure: eToro USA LLC; Investments are subject to market risk, including possible loss of capital.

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eToro, headquartered in Cyprus, England and Israel, has been providing currency products and other CFD derivatives to retail clients since 2007. A major advantage of eToro is its social trading operations, including OpenBook, which allows new customers to copy the best performing transactions from the platform. Its social trading features are top notch, but eToro is losing points for its lack of tradable currency pairs and underwhelming research and customer service features.

Best for

  • United States Based Cryptocurrency Traders
  • Social traders and copiers
  • Simple user interface
  • Community engagement and follow-up of other traders

  • 25 cryptocurrencies
  • Extensive network of social trading features
  • Large customer base for new traders to emulate
The inconvenients

  • U.S. traders can only buy cryptocurrency

1 minute exam

Webull, founded in 2017, is a mobile app-based brokerage firm that offers commission-free equity and exchange-traded fund (ETF) transactions. It is regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

Webull provides active traders with technical indicators, economic calendars, research agency ratings, margin trading and short selling. Webull’s trading platform is designed for intermediate and experienced traders, although novice traders can benefit as well.

Webull is widely regarded as one of the best Robinhood alternatives.

Best for

  • Active traders
  • Intermediate traders

  • No fees to open and maintain an account
  • No account maintenance fees or software platform fees
  • Intuitive trading platform with technical and fundamental analysis tools

The future of the metaverse looks bright. Providing the ultimate escape from the harshness of real life, brands and businesses are using the metaverse as a playground for positivity with opportunities to tap into vibrant and lucrative crypto communities.

With more and more avatars spending time roaming this virtual real estate, the assets of these worlds are becoming more and more valuable. The plots of land arouse the interest of people, brands and organizations wishing to be part of these worlds of the future. As the physical world continues to join forces with the Metaverse, the tendency to purchase new environments and projects will continue. Later this year, Decentraland will host the first Metaverse Fashion Week where users can get a glimpse of the wearable NFT industry that is sure to expand as the trendy avatars multiply.

Benzinga has developed a specific methodology for classifying cryptocurrency exchanges and tools. We prioritized platforms based on offers, prices and promotions, customer service, mobile app, user experience and benefits, and security. To see a full breakdown of our methodology, please visit our Cryptocurrency Methodology page.


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