The Metaverse is an exciting concept that has made its way into the crypto market in recent months. Many exciting projects have been established into which crypto investors have entered. However, the bear market poses a new challenge for these projects. What are the Top 3 Metaverse Games for 2023? Let’s talk about those big potentials as the year 2023 is right around the corner
What is Metaverse Crypto?
The metaverse is often a term that many investors talk about but few can explain in depth. Ultimately, the ultimate goal is an alternative, virtual reality in which users can interact with each other and have basically infinite possibilities of pastime.
The main feature of the metaverse is decentralization. Not one or two big players can control the Metaverse. The metaverse is organized decentrally and each person can network with this virtual world and move freely in it. Therefore, blockchain technology can be an ideal foundation for the metaverse.
Why could Metaverse tokens be the future?
The idea of a new version of the Internet, Web 3.0 , has excited many investors in recent months. In Web 3.0, in the Metaverse, the participants not only use the Internet but are part of the new Web 3.0. Blockchain as a decentralized technology is the future of the “new internet”.
This vision is what makes Metaverse Tokens so valuable right now. The growth potential of these Metaverse tokens is huge. The bear market has caused many short-term investors to lose interest and shift focus. But the bear market in particular offers smart investors a very good opportunity to invest in these tokens.
How to Invest in Metaverse?
You can consider the Metaverse as being a sector in the crypto industry. Investing in the Metaverse means that you look out for successful Metaverse games and projects that have the potential of attracting many users, make significant sales, and having their value increase over time. Continue reading to check out our top 3 Metaverse games for 2023. Those projects have listed tokens that you can purchase at low prices as the crypto market is currently at its low.
Can Metaverse tokens bounce back in 2023?
The year 2022 was very difficult for the entire market. In addition to Bitcoin, Ethereum, meme coins and other large altcoins, the Metaverse tokens also fell in value. There is also the factor that the realization of a real metaverse still seems very far away. As a result, interest in these projects fluctuates greatly.
In 2023, however, we could also see a revival of prices in the Metaverse token area. In the last bear market, after a difficult year in 2018, we saw continuous increases in the price of cryptocurrencies in 2019. A market revival could cause the Metaverse tokens to rise again in price.
Top 3 Metaverse Games for 2023
Below we would like to present the 3 big Metaverse tokens that you can invest in and which we believe these projects are very well positioned for 2023 and beyond.
1. ApeCoin (APE)
ApeCoin (APE) is your ERC20 token built on the Ethereum blockchain. It is a governance and utility token that allows you to participate in the Apecoin ecosystem. It also gives you access to games and other products and services that only Apecoin holders have access to.
The ApeCoin is the native token of Otherside, a metaverse game by Yuga Labs. These are also the developers of the extremely popular NFT collection Bored Ape Yacht Club . Most recently, Yuga Labs raised a total of $320 million in virtual land sales that allowed users to purchase small plots of land. So much traffic was generated on the Ethereum blockchain during sales that the gas fees on the Ethereum blockchain increased briefly during this time.
ApeCoin was launched in March 2022 and circulated 30% of its token supply. Most recently, tokens were taken out of circulation to see the price increase. Despite heavier losses in May and June, ApeCoin is currently the #1 Metaverse token, with 35th place in market cap.
2. The Sandbox (SAND)
The Sandbox wants to realize the vision of the Metaverse in the form of a huge game. The Sandbox is supported by many major gaming developers such as Atari. Furthermore, The Sandbox is a game in which users can create and trade their own NFTs using the SAND tokens.
Like many other Metaverse tokens, The Sandbox is based on the Ethereum blockchain. An important aspect is the limited supply of 3 million tokens, which could drive up the price of each token in the future.
3. Decentraland (MANA)
Another big metaverse token that got a lot of attention in 2021 is Decentraland. In Dencentraland, users can buy their own virtual land using the MANA token. These virtual properties and plots of land reached extremely high prices during this time.
Decentraland also benefited from the hype surrounding NFTs at the time. In Decentraland, users could show off their acquired NFTs. Users in Decentraland can also create their own virtual games and other digital assets on their land and offer them to other users.
Is it worth investing in Metaverse Tokens?
The Metaverse or Web 3.0 is an extremely exciting vision of the future. If you believe in the success of the Metaverse, you should invest in one of the projects mentioned. Once we get out of the bear market, we could see massive growth in the projects mentioned again.
The potential of Metaverse Token is as great as that of few other cryptocurrencies. Success in the future is of course not guaranteed, but the risk of an investment could pay off very well in the long term .
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Source: metaverse Archives - CryptoTicker
Cardano Price Prediction – How High can ADA Price reach by 2025?
How far can Cardano rise by 2025? Let’s take a look at Cardano price prediction in this article.
In recent years, Cardano has been one of the most popular and successful cryptocurrencies on the market. The Cardano network is characterized by its technical prowess and long-term innovation. Many investors think that Cardano will soon replace Ethereum. How far can Cardano rise by 2025? Let’s take a look at Cardano price prediction in this article.
What is Cardano?
Cardano is a blockchain network that offers a better rebalancing of security, decentralization, and expandability. Cardano utilizes the extremely effective Proof-of-Stake consensus protocol. The Cardano network token is recognized as ADA.
The cryptocurrency was created in 2017 and has rapidly grown in popularity among investors. As a result, the ADA token managed to climb into the top ten cryptocurrencies in terms of market cap. Cardano benefits so much from the fact that the blockchain is being evolved in full compliance with scientific methods. As a result, the Cardano blockchain is continuously the most technically sophisticated blockchain.
How has the Cardano price recently performed?
Within the bull market, Cardano’s ADA token reached an all-time high in 2021. The ADA price went up to more than three dollars in September 2021. As a result, the price was compelled to accept losses once more. These damages were observed between September and November 2021, before the start of the significant bear market.
Cardano’s losses proceeded after the bear market started in November. The ADA price was only $1.37 at the beginning of the year. The price continued to drop in the subsequent months. Cardano only managed to recover from a low of $0.43 in early July 2022. We have seen a decrease in the ADA price in recent weeks. The ADA price is currently $0.3141 at the time of writing.
Are Cardano’s massive losses significant?
Cardano’s failures have been exorbitant in recent months. As of September 2021, the ADA token has dropped in value. Earlier, the price had shot through the roof because smart contracts were being established on the Cardano blockchain at the time. As a result, the ADA price was able to undergo a significant rise to three dollars.
On the one hand, the losses up to November were the result of a rebound effect following massive gains earlier. On the other hand, there was a significant amount of excitement surrounding modern blockchains like Solana and Avalanche. These were the main rivals to Cardano and were differentiated by incredibly fast transaction speeds. As a result, these projects soared while Cardano slipped.
Then, beginning in November, the bear market had the greatest impact on Cardano’s losses. The network actually witnessed significant expansion at the time, with Cardano addresses reaching new levels. We continue to see very positive trends at Cardano, even though the price does not recognize this.
What is Cardano’s next big development?— Cardano Community (@Cardano)
The Cardano ecosystem is constantly expanding. However, one component is currently missing: its own stablecoin. As a result, the DJED algorithmic stablecoin is now slated to launch in January 2023. This could boost the appeal of Cardano for possible future decentralized applications.
In January 2022, Cardano founder Charles Hoskinson had already scheduled to open the DJED. Even so, the timeframe of 2022 is just missed, so the stablecoin will not be able to operate until the new year of 2023. Even so, delays are prevalent with Cardano, and investors have gotten accustomed to longer wait times. Rather than speed, Cardano relies largely on wanting to avoid quantifiable mistakes.
Who is responsible for the DJED stablecoin?
The Cardano stablecoin is supported by the companies COTI and Input Output. They also started the Cardano project. DJED is an algorithmic stablecoin. This implies that deposits in the form of other cryptocurrencies can be utilized to secure the price.
Tether (USDT), USD Coins (USDC), and Binance USD (BUSD) are conventional stablecoins that ensure a 1:1 correlation to the US dollar by being supported by central liquid assets. Algorithmic stablecoins, on the other hand, can be organized and decentralized.
What are the DJED’s reservations?
Since the implosion of Terra, the idea of algorithmic stablecoins has been heavily criticized (LUNA). Terra’s downfall started when the LUNA token could no longer keep the significance of the in-house stablecoin TerraUSD stable at the US dollar level. As a result, many investors are extremely skeptical of the notion. Due to the known reservations, Cardano aims to slowly introduce the DJED and continue building trust in the stablecoin.
Cardano Price Prediction: Can the stablecoin bring the ADA price up?
Cardano’s new stablecoin is an interesting development. Even so, it is hard to predict whether the ADA price will go up during the introduction period. Above all, for the ADA price to go up, the total market would have to start rising. Nevertheless, this is certainly plausible for next year. The ADA price is currently so low that an investment may be beneficial in the long and medium term.
Cardano Price Prediction: How high can Cardano reach by 2025?
We can also make a reasonably better estimation for the Cardano price until 2025. We need to see bigger and more powerful price increases for cryptocurrencies in general, and for Cardano in specific, during this period. Cardano’s price should soar due to its extraordinarily powerful technique and its upcoming next development step, Stablecoin.
Furthermore, the market could see a significant increase in 2024 and 2025. Because the next Bitcoin halving will occur in 2024, the ADA price could perhaps soar as well. As a result, the Cardano price prediction for 2025 is very upbeat.
2025 price range ADA: $1.35 – $17.50