The year 2022 already qualifies as one of the worst in the history of cryptocurrencies. Not just because of the corrections, but because of the events that occurred in the year. The Terra (LUNC) and more recently FTX-Alameda falls took many investors by surprise. In this sense, the main cryptocurrencies, such as Bitcoin (BTC) and Ether (ETH), have already experienced drops of around 70% since their historic highs. And, naturally, the global scenario is one of total pessimism for cryptocurrencies. However, for those who can do good research and are willing to take risks and are in it for the long haul, the dips are a golden opportunity. After all, a bear market allows those with money to invest in good assets at a discount. And the same goes for cryptocurrencies. In this way, the current moment serves to accumulate assets with a long-term objective. So, now check out three altcoins linked to the metaverse that have the potential to grow by up to 1,000% in the coming years
ApeCoin (APE)
Bored Ape Yacht Club (BAYC) ecosystem utility token, APE is a decentralized currency of governance and utility. APE holders govern themselves using a Decentralized Autonomous Organization (DAO), which grants users voting rights on the network. Its price follows the rest of the market and operates at a drop of 67% throughout 2022. However, BAYC is still the main collection of NFTs on the market and, in addition, has a strong brand. The ecosystem has the potential to strengthen in the future with the consolidation of Otherside. Given the popularity of NFTs, it is very plausible that the price of APE will rise in the coming years. According to the Wallet Investor AI analysis tool, the price of APE can grow by 956.99% in the next five years. That is, a compound appreciation of more than 150% per year.
APE price in 2022. Source: TradingView.
Infinity Battle (IBAT)
Infinity Blade is a gaming platform that benefits from using blockchain technology to provide play-to-win (P2E) opportunities. The model gained popularity with Axie Infinity, but made room for new (and better) games to emerge. Overall, this game combines P2E dynamics with Metaverse and blockchain to create a fully decentralized experience. Players and creators have direct ownership of their in-game assets and receive IBAT tokens by completing certain missions. The price of IBAT fell by around 45% in 2022, but the games on its network innovate by offering good graphics, allowing interaction, observing and exploring the virtual environment of the Battle Arena. There is a high chance that this platform will become popular, boosting the token price in the coming months.
IBAT price in 2022. Source: CoinGecko.
Decentraland (MANA)
Finally, one more token linked to the Metaverse: MANA, which powers Decentraland, a decentralized, user-owned virtual world built on the Ethereum blockchain. In this ecosystem, users can play, explore and interact with games and activities. You can also buy plots of land to build your own environments, markets, and apps. In fact, it was precisely the purchase of land that made Decentraland explode in price in 2021. With the popularization of this metaverse, several personalities and companies began to buy land and create virtual stores. But the fall in the cryptocurrency market made “virtual real estate speculation” plummet, at least for now. But if the metaverse gains strength again and the demand for land increases, new interested parties will need MANA to acquire their properties. And this new speculation can give expressive returns in the coming years and open up opportunities for those who buy the token today, at the lows of 2022.
MANA price in 2022. Source: CoinGecko.