You are currently viewing 5 Metaverse Coins to Watch in 2023 Part II

5 Metaverse Coins to Watch in 2023 Part II

  • Post published:January 10, 2023

We already highlighted 5 metaverse currencies to keep an eye on in 2023, and today we are performing a round-up by adding another 5 below.

Enjin Coin (ENJ)

The Enjin Coin (ENJ)

The Enjin Coin is a part of the Enjin ecosystem, which is a project that helps the online gaming industry with solutions based on blockchain. Users may build clans and websites on the parent Enjin network, which is a powerful blockchain network platform. Users can interact with the social gaming platform to host virtual goods.

The technology allows developers to tokenize digital assets in the virtual world. The constant buying and selling of these digital assets increases platform activity, which benefits both ENJ metaverse currency owners and ENJ network developers.

The network’s anti-inflationary policy is available to designers and users of the Enjin network platform. In the same way, the platform offers immediate liquidity and reserve values, which are strong incentives for Metaverse businesses.

The ENJ coin, has a market valuation of $502,489,307.94 and is currently ranking #74 on Coinmarketcap

Stacks (STX)

Stacks (STX)

(STX)Stacks is a cutting-edge layer 1 blockchain project that attempts to enhance Bitcoin’s technical capabilities. Layer 2 blockchain projects address a variety of constraints on the Bitcoin network.

The Stacks projects seek to bring smart contracts and other decentralised application (DApp) capabilities to the Bitcoin network.

In essence, the technology allows developers to construct more projects on top of current ones, allowing decentralised applications to be open and modular for additions and further developmentā€”a feature that a traditional Bitcoin network lacks.

The platform benefits from the security of the Bitcoin blockchain, which is without a doubt the most secure blockchain network to date. The Stacks’ platform encourages people to use smart contracts to make the blockchain network more useful.

The platform also makes it easy to process transactions quickly and add new digital assets to the Stacks 2.0 blockchain. The current market cap of the STX currency is 470,292,055.08, showing a 7.96% increase. The Metaverse token currently ranks #78 on CoinMarketCap’s list.

Zilliqa (ZIL)

Zilliqa (ZIL)

The Zilliqa platform is a unique blockchain technology that has gained popularity for its ability to perform several transactions per second.

The blockchain sector works better because the platform can finish thousands of transactions in seconds. Furthermore, it is said to be the first open, permissionless blockchain that is exclusively based on a blockchain network.

The Zilliqa project was founded by Prateek Saxena, an assistant professor at a Singapore university. Prateek and his students uncovered the concept that led to the birth of Zilliqa when they realised that sharding on a blockchain may significantly increase the network’s speed and efficacy.

When necessary, the Zilliqa platform now delivers exceptional throughput. Because of its ability to process numerous transactions per second, the platform is the blockchain of choice for large corporations.

Advertising, financial services, and entertainment are just a few of the industries that have notably profited from the blockchain solution’s capacity to provide effective services. By 2021, the platform would have surpassed one million monthly transactions.

The bad mood on the cryptocurrency market as a whole is making the price of Zilliqa’s ZIL metaverse crypto tokens fall. With a market value of $461,116,158.75, the ZIL metaverse coin currently ranks #79.

Wax (WAXP)

Wax (WAXP)

This metaverse coin WAX is an e-commerce-focused blockchain technology that was made to improve the speed of e-commerce transactions.

The blockchain ecosystem enables providers and customers to share information more quickly. Because it is completely compliant with the Entrepreneurial Operating System, the WAX is extremely scalable and usable in a wide range of e-commerce applications (EOS).

The WAX platform also employs a consensus technique known as “delegated proof of stake” (DPoS). The ecosystem encourages the development of blockchain technology that supports DApps, enabling significant breakthroughs in the e-commerce business.

The WAX ecosystem has produced a variety of e-commerce platform solutions, including OUTH support and the WAX Cloud Wallet.

The cutting-edge platform also includes a function that allows WAXP holders to connect to the Ethereum network and exchange their WAXP tokens for WAXE, an ERC-20-compliant WAXP token.

Because the crypto market is going down a lot right now, the total crypto market cap is going down. The trading volume of WAXP tokens has gone up by 41.82%, which is a good sign of activity on exchange platforms.

Ontology (ONT)

Ontology (ONT)

This Web3 project (Ontology)is being made to make Web3 technology more trustworthy, secure, and private.

To ensure the security and privacy of Web 3 initiatives, decentralisation will be implemented in data processing. To ensure trust from businesses and individuals, ontology controls digital identifying data. All parties must follow the rules for the platform to manage digital identification smoothly.

The Ethereum Virtual Machine allows different blockchains to work together because the Ontology platform works well with the Ethereum blockchain. The platform provides seamless integration of the digital and physical worlds, allowing for more targeted platform improvements.

Interoperability impedes scalability, which is a big issue for Web3 developers. Ontology hopes to provide Web3 developers with a smooth development experience across multiple virtual machines and blockchains in general by bridging these gaps.

Ontology’s native ONT metaverse coin will grow in direct proportion to the platform’s performance. As the prices of different tokens have dropped, the cryptocurrency market as a whole has become more negative.

The tokens now control 0.02% of the total cryptocurrency market and is ranking 135th in terms of market capitalization on CoinmarketCap.