5 Metaverse Currencies Gaining Over 100% In Value This Week

By November 21, 2021Metaverse
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The Metaverse is one of the following big things in blockchain technology. It is a term commonly used in blockchain gaming and can transform gaming and digital ownership for the better. Several Metaverse currencies noted a strong price performance this week, spotlighting some potentially exciting projects.

REALM (Realm.art)

The Metaverse will allow for intriguing dynamics between game worlds, art, user-generated content, and much more. Realm.art lets users create and explore their own play-to-earn Microverses. Personalization of the user experience can be a big draw, although it isn’t straightforward to pull off. Traders and investors take an interest in the native REALM token as it gained over 209% this week. Even so, the project has a market cap below $36 million.

Neos Credits (Neos)

The Neos Metaverse experience focuses primarily on virtual reality and innovative features to enhance users’ experiences. Current features include messaging services, NCR transactions, full-body tracking, and facial tracking. The team intends to add a web browser, screen sharing, mesh editor, and mixed reality support in the future. Neos Credits, the native ecosystem asset, yielded a 195% price increase in a week, which is impressive. The project’s $49 million market cap may be undervalued, though.

Render Token (Render Network)

Bringing distributed GPU rendering to the blockchain will pave the way for rendering the Metaverse. Opting for this approach removes the potential hardware limitations artists, creators, and developers may run into when building future ecosystems. Effectively, Render Network will democratize GPU cloud rendering. The Render Token is at the heart of the ecosystem, noting a 125.8% price increase this week. The market cap has risen to over $1.18 billion, confirming growing interest in this project.

Spheroid Universe (Spheroid Universe)

The team behind Spheroid Universe aims to establish an extended reality Metaverse spanning art, culture, science, blockchain, development, decentralized finance, and more. Development of this Extend Reality is possible thanks to the Spheroid XR Cloud and Spheroid Script programing language supporting AR and XR. Essentially, it is infrastructure for future Metaverse developments, which explains why the token saw a 104% price increase this week. It is one of the few sub-$21 million market cap projects in this space today, although that may not remain the case much longer.

Revomon (Revomon)

As one of the few projects with a live beta version of its Metaverse, Revomon seems slightly ahead of competing solutions. Revomon combines immersive VR experiences with NFT technology to create real value in a virtual world. Users can turn their entertainment into a source of income through the play-to-earn model. There is also staking and farming support for the REVO token, which yielded n 87.3% price increase in seven days. The market cap remains below $38 million, which is a bit surprising.

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CryptoMode Investing Bitcoin Gold outflow Exchange-based tokens
CryptoMode Investing Bitcoin Gold outflow Exchange-based tokens

Exploring exchange-based tokens can be worthwhile when users aim to diversify their cryptocurrency portfolio. Whether the token is tied to a centralized or decentralized exchange doesn’t necessarily make much difference. This past week, numerous tokens surged in value, although some noted a very steep setback.

Most Exchange-based Tokens Perform Well

Investing in the infrastructure of the cryptocurrency and blockchain ecosystem is usually an intelligent choice. For the crypto industry, exchanges and trading platforms will always remain essential. Both centralized and decentralized providers can play a crucial role for various reasons. There are dozens of exchange-based tokens to explore, and they represent a combined market cap of $173 billion today.

That market cap has increased by over 10% in the past 24 hours. It is another sign of how investors approach these markets and maximize their earning potential through exchange-based tokens. While not all of these assets perform well simultaneously, the overall trend has been rather positive. More importantly, there are many assets beyond Binance Coin, UNI, and FTT to explore, all of which can provide decent returns on investments to those who are patient.

This week’s strongest riser is Birake’s BIR asset, with a 98.9% price increase. Even though its market cap is below $11 million, the token attracts attention. The same goes for DVF, Gameswap’s GSWAP, FLEX Coin, 0.Exchange’s ZERO, and others. These are all relatively small-cap coins that seem to gain 15% or more in value this week. So again, there is prominent momentum for smaller exchange-based token options, even if most traders only look at bigger market caps.

Speaking of bigger market caps, it has been a good week for Crypto.Com Coin (CRO) and LINK (not Chainlink), two assets with a market cap of over $1 billion. CRO noted a 59% price increase, which is rather wild. For LINK, the 22.6% gain brings its value to $234 per token, which is rather high. It will be exciting to see if these assets can continue down this path over the coming weeks and months.

Other Tokens Perform Less Well

Although it remains viable to invest in exchange-based token opportunities, there can be extreme volatility. That is apparent when looking at Leverj Glon, LXC, SpiritSwap, SWIFTCOIN, and Switcheo. All projects lost between 24.9% and 51.2% in value over the past week. Such setbacks are not uncommon in this industry, yet they are not too fun to look at either.

It is intriguing to see prominent tokens like DODO, SUSHI, CAKE, SRM, and LRC lose over 13% in value this week. Granted, the market has been bearish for several days, but these currencies seemingly have little recourse at their disposal. There is always something for everyone in the world of exchange-based token offerings, although the individual performance of tokens differs greatly.

Looking to advertise? We will gladly help spread the word about your project, company, or service. CryptoMode produces high quality content for cryptocurrency companies. We have provided brand exposure for dozens of companies to date, and you can be one of them. All of our clients appreciate our value/pricing ratio. Contact us if you have any questions: contact@cryptomode.com

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