What makes mataverse coins stand out?

fullhdpixel

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Quote from: Ochuski on January 02, 2022, 04:12:23 AM

If you are looking to invest in some coins, the metaverse-related ones are a good bet owing to their performance in 2021 and the bright future that lies ahead for them.

Metaverse coins are no doubt great investment looking at the success surrounding the coin last year.
But for me, the first reason why they are standing out presently is because it is till a new domain and people love new thing and they are eager to explore. Other than this, honestly I could not figure out any other valid reason for the hype about metaverse coins.

Moreover, such baseless hypes usually in cryptocurrency space will not sustain regardless of how many coins are involving in that. So, we need to be more careful while dealing with new hype based investments. Presently I am holding SOLANA alone.

Ararbermas

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Quote from: livingfree on January 08, 2022, 04:04:21 PM

They're tempting to invest.

Especially for someone who has an experience in buying NFT tokens and playing their games, they become addicted to it because there's profit and you can exchange it.

But you're right about being selective because rug pull is popular in the NFT/Metaverse these days. Be careful or else they'll make the value of their token worthless in a span of seconds.

for short the risk is still the same, so the awareness should be there always to prevent losses when it comes investing such popular investment. And I'm totally agree with that rug pull scenario because for sure more scam project will emerging on the space to take advantage the popularity of metaverse and NFT's like as usual.for me much better to rely which is so popular to assure all will be fine afterwards..

Anonylz

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Quote from: Erdogan on January 10, 2022, 04:49:22 PM

Just look at how much money the METAHERO project raised last year. Within a few months, investors invested over a billion dollars in this project. If this isn't an industry that's hype right now, then I don't know what could be more promising.

No body is arguing that, the whole crypto space is considered to be hyped as well, point is what the metaverse represent and what can be achieved in future, many project will come out with the metaverse tag attached to it but not all will succeed in their goal as a real metaverse project providing such game service to users, lets not forget defi was a hyped trend too, now the focus has shift to metaverse, web 3.0 is already making little buzz.

bhadz

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Quote from: SlimShadyMmp on January 10, 2022, 06:12:18 PM

Axie and Gala are really the top most basic gaming coins and maybe Sand and mana can be considered based on their current development But Axie is the most basic coin that will survive more and more years to come because already they have developed themselves enough

It's basic because it's the most popular NFT game. But we don't know if it can still stand out amongst the others when the market is getting through the bear.
I think that they have the edge but if the developers aren't going to keep on going and work hard for it which I think they're working hard, they're going to lose the top spot that they've worked very well on it.

South Park

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Quote from: Erdogan on January 10, 2022, 04:49:22 PM

Just look at how much money the METAHERO project raised last year. Within a few months, investors invested over a billion dollars in this project. If this isn't an industry that's hype right now, then I don't know what could be more promising.

And that is what this is all about, the hype is real and the first company that it is able to establish themselves will have a huge advantage over their competitors, similar to what we see with bitcoin and altcoins, so a lot of money is being invested in those projects at the moment, however it is also important to remember that just as hype can be very powerful, FUD is powerful as well, and if a project begins to show signs that it will not reach its goals then the price of such coin will drop like a rock.

el kaka22

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We can't really know for sure right now. I have to say Axie is a metaverse, I know that it doesn't look like one when you think about the game but it is, and the land feature is coming, so we know that it is a big name. We know decentraland and sandbox as well. So, if the question is which ones are the big ones for right now? Then those three definitely takes the cake and there is no question about it.

However metaverse is a difficult thing to achieve, it could become a very much like a fake investment stuff, one person creates something, sells it to himself for 5 million, and then make it look like it is valuable, that is what is going on in NFT market and metaverse is involved with it. So, we can't know the future, we hope for the best but we can't really make a deduction if those three will stay at the top or not, we just assume it for now.

paparas92

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yhiaali3

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Quote

Metaverse-related coins are a good bet given their performance in 2021 and the bright future ahead.

I totally agree with you, Metaverse coins achieved tremendous growth last year and I expect them to grow more and spread in this year due to the increasing demand for this kind of new projects, it looks very promising, I bought several Metaverse coins before like SOL, MATIC, GALA, All of these currencies have achieved a good rank in the market and occupied advanced positions, I advise everyone to invest in these good projects, but of course it should be noted that extreme caution when investing in new Metaverse coins because there are always those who take advantage of the success achieved by others to deceive people and steal their money, for this Extensive research should be done when investing in any new projects.

Cryptock

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Quote from: SlimShadyMmp on January 10, 2022, 06:12:18 PM

Axie and Gala are really the top most basic gaming coins and maybe Sand and mana can be considered based on their current development But Axie is the most basic coin that will survive more and more years to come because already they have developed themselves enough

I agree that Axie is the best developed project in this industry and it can certainly achieve a lot more. But there are many projects that are trying to catch up with him. One that in my opinion is very underrated and has great potential is Splinterlands (SPS). Just pay attention on that:
https://www.coingecko.com/en/coins/splinterlands

SlimShadyMmp

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Axie and Gala are really the top most basic gaming coins and maybe Sand and mana can be considered based on their current development But Axie is the most basic coin that will survive more and more years to come because already they have developed themselves enough

Erdogan

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Just look at how much money the METAHERO project raised last year. Within a few months, investors invested over a billion dollars in this project. If this isn't an industry that's hype right now, then I don't know what could be more promising.

South Park

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Quote from: hello_good_sir on January 08, 2022, 03:53:22 PM

This is just one year.

Metaverse was the buzzword for 2021, but I think that as we move forward, more people will realize that metaverses are completely impractical and as a result will see very little adoption / have very little value.

A lot of the coins that was listed have no direct link to metaverses either, e.g. FTM and SOL are more known for DeFi applications rather than metaverse technology. But I'd say watch for a pullback in this space very soon.

I think that while you are right hype has a huge effect on people, even if they know that those coins have no future and that people will eventually realize those coins are worthless and will see little adoption, they will still see in those coins an opportunity to make money with them, and as that is what most people want more than anything then I expect the hype for metaverse coins to continue for a long time, especially if at some point during the next months the price of bitcoin begins to grow up again.

livingfree

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Quote from: ?? on ??

Quote from: Ochuski on January 02, 2022, 04:12:23 AM

Conclusion
If you are looking to invest in some coins, the metaverse-related ones are a good bet owing to their performance in 2021 and the bright future that lies ahead for them.

more selective in choosing NFT projects and metaverse projects. too many of the same projects appear all the time. the average project like this gives a lot of tempting promises at the beginning of the launch. The risks and rewards that will be obtained are the same.

They're tempting to invest.

Especially for someone who has an experience in buying NFT tokens and playing their games, they become addicted to it because there's profit and you can exchange it.

But you're right about being selective because rug pull is popular in the NFT/Metaverse these days. Be careful or else they'll make the value of their token worthless in a span of seconds.

Naficopa

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Quote from: ?? on ??

Quote from: Ochuski on January 02, 2022, 04:12:23 AM

Conclusion
If you are looking to invest in some coins, the metaverse-related ones are a good bet owing to their performance in 2021 and the bright future that lies ahead for them.

more selective in choosing NFT projects and metaverse projects. too many of the same projects appear all the time. the average project like this gives a lot of tempting promises at the beginning of the launch. The risks and rewards that will be obtained are the same.

It's normal for metaverse + NFT to produce similar things because they're just in the same industry. They mainly differ is in terms of subject matter and quality. It is the professionalism and idea of the developers that determine whether they will be successful. What we invest in depends on how well we research the project and whether we are lucky.

hello_good_sir

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This is just one year.

Metaverse was the buzzword for 2021, but I think that as we move forward, more people will realize that metaverses are completely impractical and as a result will see very little adoption / have very little value.

A lot of the coins that was listed have no direct link to metaverses either, e.g. FTM and SOL are more known for DeFi applications rather than metaverse technology. But I'd say watch for a pullback in this space very soon.

Kelvinid

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Quote from: Ochuski on January 02, 2022, 04:12:23 AM

...

Conclusion
If you are looking to invest in some coins, the metaverse-related ones are a good bet owing to their performance in 2021 and the bright future that lies ahead for them.

Which metaverse coins are you holding?

This is the look of the market competition, developments arise and other platforms are created then. In most people, the metaverse is giving a huge opportunity to make a profit and it seems right. But, we also have to be wise choosing them as not all of these projects will work just like NFT, ICO, Defi, and etc...

I'm into the look of these projects and possibly choose someday but I was preferred to choose those who aren't already in the hypes as I was anticipating the drop that mostly happens once it hits the peak.

VanDeinsberg12

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It’s exactly as the reason mentioned, it could rise in value so much because big companies are also attracted to grow their business in metaverse as well that’s why big companies are trying to make their presence in the metaverse.
That make us think that metaverse is the future and it could open up many opportunities and the early birds will get most of the profits and exactly the reason why many metaverse projects are gaining more and more in value.
Although you should also think twice whether a coin like Axie Infinity is truly a metaverse coin as you mentioned, I mean even the team behind axie is saying that axie is like a better version of cryptokitties that’s really popular back then.
Maybe if they released new games that’s focusing in metaverse it could be called metaverse coin however I’m sure some of the coins you mentioned aren’t really metaverse coin. Axie itself just a game of bird figthings nothing metaverse there.

Raflesia

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I think that's because it can't be separated from the name behind it.
Metaverse, one of the innovations that is predicted to be very promising in the future because in it we can do whatever we want with the virtual version. Metaverse also facilitates activities that we never imagined before, especially in terms of investing.
well this is one of the reasons why the coins that are there are quite interested.
on the other hand in fact their current coins are still too easy, cheap and volatile which makes the coins there quite popular.

imamusma

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Quote from: Ochuski on January 04, 2022, 07:27:34 AM

I think the reality is with time there will come to be a broader definition of what the metaverse is because there is still more the current definition is not accomodating.

Everyone is starting to talk about new things at this point and also starting to define them based on what he knows, so it's natural for that too, because the Metaverse is also not clear on how it will lead and where it will develop in the future.

Ochuski

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Quote from: Teraboy on January 04, 2022, 06:43:53 AM

Quote from: Ochuski on January 02, 2022, 01:52:37 PM

Well, its true that some of the coins mentioned seems not to be metaverse coins but they are there because of their use case.

Im also getting a bit surprised you have mentioned protocol coins instead of putting all of metaverse tokens in your list. Even if they have their usecase and you can try to divide it into the different list but i know tha this doesn't matter a lot. This will make people will be easy to find which was the metaverse tokens in your list but to be honest i personally would not call axie infinity as metaverse tokens it's caused by it was not developing the virtual world like another project i.e sand and mana. Axie was working only in the play to earn game based on NFT. that's not focusing to develop the virtual world.

I think the reality is with time there will come to be a broader definition of what the metaverse is because there is still more the current definition is not accomodating.

Topic: What makes mataverse coins stand out? (Read 261 times)