There are many metaverse-native token that have an appeal.
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This year has seen cryptocurrencies make it into mainstream finance, as well as the emergence of digital collector's items and play-to-earn platforms, which have changed the dynamics of the gaming economy.
A $1 trillion market has been turned into a $3 trillion one in less than a year thanks to institutional and retail investors.
The rise of the metaverse has created a new wave of investment opportunities for everything from digital land to digital designer goods. The growing sophistication of thecryptocurrencies has been welcomed by investors.
In 2022, as more use cases emerge, decentralization finance is evolving. The popularity of the metaverse and NFTs, a digital representation of a real-world piece of artwork, music or video, is expected to spiral even higher in value.
The rise in the market has been driven by more than one thing. Smaller coins have gained mainstream fame. A few years ago, Dogecoin was created as a joke, and has become one of the star performers.
The rise of so-called altcoins that are native to the block chain technology that many believe will power much of the financial world of the future has made them the stars of the digital realm. ether is a more attractive investment because people see it as a technology bet.
These are small markets that are volatile. This means traders can expect huge losses in a short time. In some cases, acryptocurrencies can soar 100% in a week, only to reverse course and surrender all those gains in days or hours.
This year, the leading cryptocurrencies in market value are up 70%. Many metaverse-native cryptocurrencies, which are based on the ethereum blockchain, have expanded from one week to the next, as anyone wanting to enter these digital worlds must first own the corresponding digital currency.
Users of the virtual world Sandbox can use the SAND utility token to build, own, and monetize their gaming experiences. For Decentraland users, they can breed, own, and train their own little digital creatures. Each platform has its own currency.
Insider looked at the top 10 best performing cryptocurrencies with a market value of over $1 billion.
10. Mana is a decentral and symbolic symbol.
The market cap is $ 6.8 billion.
The performance for the year to date is 4,397%.
There is a method for this.
Mana.
The coin market cap.
There is a method for this.
9. One symbol for harmony.
The market cap is $2.2 billion.
The performance for the year to date is 4,464%.
There is a method for this.
One.
The coin market cap.
There is a method for this.
8. KDA is the KadenaSymbol.
The market cap is $1.9 billion.
The performance for the year to date is 8,131%.
There is a method for this.
KDA.
The coin market cap.
There is a method for this.
7. The FantomSymbol is Ftm.
The market cap is $3.9 billion.
The performance for the year to date is 8,966%.
There is a method for this.
Ftm.
The coin market cap.
There is a method for this.
6. Solana symbol: SOL.
The market cap is $58.2 billion.
10,180% was the performance for the year.
There is a method for this.
It is SOL.
The coin market cap.
There is a method for this.
5. The symbol is called LUNA.
The market cap is $28.7 billion.
The performance for the year to date is 11,558%.
There is a method for this.
LUNA.
The coin market cap.
There is a method for this.
4. MATIC is the symbol of the Polygon.
The market cap is $16.3 billion.
The performance for the year to date is 12,817%.
There is a method for this.
MATIC
The coin market cap.
There is a method for this.
3. The symbol is SAND.
The market cap is $4.9 billion.
The performance for the year to date is 14,629%.
There is a method for this.
There is SAND.
The coin market cap.
There is a method for this.
2. Axie is a symbol ofAXS.
The market cap is $ 6.8 billion.
The performance for the year to date is 18,996%.
There is a method for this.
AXS.
The coin market cap.
There is a method for this.
1. The Gala Symbol is GALA and it has a market cap of $3.6 billion.
There is a method for this.
GALA.
The coin market cap.
There is a method for this.
The chief investment officer of a $150 million hedge fund shares 3 cryptocurrencies that could attract a lot of capital, and 2 emerging trends to watch in the year ahead.
Business Insider has an original article.
