{"id":316816,"date":"2022-01-25T05:40:03","date_gmt":"2022-01-25T10:40:03","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=316816"},"modified":"2022-01-25T10:20:17","modified_gmt":"2022-01-25T15:20:17","slug":"5-best-metaverse-altcoins-to-buy-for-high-returns-january-2022-week-4","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/5-best-metaverse-altcoins-to-buy-for-high-returns-january-2022-week-4","title":{"rendered":"5 Best Metaverse Altcoins to Buy for High Returns January 2022 Week 4"},"content":{"rendered":"

The cryptocurrency market has gained a little after taking a battering over the weekend. Its total cap has risen by 5% in the past 24 hours, to $1.74 trillion. Many major coins have risen along with it, with bitcoin (BTC) jumping by 9% in the past day. However, several of the biggest gainers have been metaverse cryptocurrencies, with decentraland (MANA), for example, rising by 12%. As such, we’ve put together a list of the 5 best metaverse altcoins to buy for high returns.<\/p>\n

5 Best Metaverse Altcoins to Buy for High Returns<\/h2>\n

1. The Sandbox (SAND)<\/h3>\n

SAND is up by 11.8% in the past day, rising to $3.04. This represents a hefty 36% fall in the past week and a 56% drop in the last 30 days. SAND is also 64% down on its all-time high of $8.40, set on November 25.<\/p>\n

\"The<\/a><\/p>\n

SAND’s technical indicators show that it may have just begun recovering. Its relative strength index (in purple above) began rising again after falling below 20 on Monday. Its 30-day moving average (in red) has stopped falling, and may be about to begin rising towards its 200-day (in blue).<\/p>\n

Regardless, SAND is certainly one of the most promising metaverse altcoins. Its native platform, The Sandbox, is easily one of the most successful NFT-based metaverse blockchains in the market. It had a very strong 2021, even selling one plot of land for $4.3 million at the start of December<\/a>. It also turned over $86 million in land sales<\/a> in the last week of November alone, more than Decentraland or any other metaverse-related platform.<\/p>\n

On top of this, it raised $93 million from major VC fund SoftBank at the beginning of November<\/a>. Meanwhile, its parent company, Animoca Brands, raised a whopping $358 million<\/a> about a week ago. With this kind of money behind it, expect it to keep growing.<\/p>\n

Buy The Sandbox Now<\/span><\/a><\/div>\n

2. Axie Infinity (AXS)<\/h3>\n

At $51.11, AXS is up by 6% in the past 24 hours. Of course, with the wider market struggling, it’s also down by 33% in the past week and by 53% in the past month.<\/p>\n

\"Axie<\/a><\/p>\n

AXS’s indicators are much like SAND’s. Its RSI neared an extremely low 10 yesterday before bouncing back. At the same time, its 30-day average appears to have stopped its recent decline.<\/p>\n

And as with SAND, AXS is a strong metaverse coin in terms of its fundamentals. Its native platform, the NFT-based metaverse game Axie Infinity, continues to boast around 2.3 million daily active users<\/a>. This has remained more or less stable despite the fact that AXS itself has declined by 69% since reaching a record high in early November.<\/p>\n

Axie Infinity also has the benefit that its developer, Sky Mavis, raised $152 million<\/a> in October from Andreessen Horowitz and Mark Cuban. This bodes well for its future, which is why it’s one of our 5 best metaverse altcoins to buy for high returns. Particularly when it has so much ground to recover.<\/p>\n

Buy Axie Infinity Now<\/span><\/a><\/div>\n

3. Decentraland (MANA)<\/h3>\n

MANA has risen by an impressive 12% in the past 24 hours, reaching $2.10. This represents a 28% fall in the last week and a 44% rise in the past month.<\/p>\n

\"Decentraland<\/a><\/p>\n

MANA’s 30-day average appears to have performed more of a pronounced upwards turn than either AXS’ or SAND’s. This could indicate that it’s about to enjoy a bigger rebound.<\/p>\n

Again, Mana is a fundamentally sound metaverse coin. As the native token of Decentraland, it benefits from a strong ecosystem and userbase. Indeed, Decentraland saw an incredible expansion in adoption and value, as highlighted by a recent tweet.<\/p>\n

these technicals may continue to disappoint for a while yet.<\/p>\n

\n

2021 was the Year of the Metaverse. No one won bigger than @decentraland<\/a>. <\/p>\n

• 33x increase in users
• 41x increase in token price
• $12B peak market cap<\/p>\n

…and it's just getting started. https:\/\/t.co\/JbfkhYytyJ<\/a><\/p>\n

— Mario Gabriele 🦊💭 (@mariogabriele) January 9, 2022<\/a><\/p><\/blockquote>\n