Metaverse crypto coins could be back to performance since their hype faded. However, this time, they are more purposeful due to their utility in real-world applications.
This has been reignited by the integration of AI in most projects while appreciating blockchain technology.
The Gaming front leads this sector with almost all tokens having a bite of the vast field of decentralization. Social and cloud services were also some of the utilities driving these tokens.
According to CoinMarketCap, the total market cap of Metaverse crypto coins as of press time was $13 billion. The trading volume was at $1.740 billion, which was barely 1% of the total volume in crypto.
With a couple emerging while others strengthen their position, these coins could be worth a look. What are these key cryptos to eye as markets return?
Metaverse Crypto Coins Weekly Performance
Looking at the weekly performance, it depicted growth across all coins as per CoinMarketCap.
The largest capped among Metaverse crypto coins, Render (RNDR), rose by 10.68%. This followed a substantial strength of $2.28B in market cap. RNDR network utilizes the provision of cloud services, thus holding great potential with its decentralized GPUs.
FLOKI increased by 3% in 24 hours but remained on a solid performance of 36% in seven days.
Virtuals Protocol (VIRTUAL) and Bitcoin’s L2 protocol, Stacks (STX), gained in the region of 8 and 6 percent, respectively. This was another positive signal despite their prices dropping day-wise.
The Sandbox (SAND) and Decentraland (MANA) reported positive increases of about 5% and 8%. The two were battling it for top spots previously, but they seem to have defined their paths. MANA was great in the provision of a marketplace for arts (NFTs) while SAND thrived in game creation.
ApeCoin (APE) saw a 9.60 percent drop. For MultiversX (EGLD) and Axie Infinity (AXS), they maintained a strong trend of 11% and 9% respectively.
Top 5 Metaverse Crypto Coins to Watch
The top Metaverse crypto coins, as per CoinGecko, were RENDER, FLOKI, SAND, MANA, and AXS.
Among the driving factors for these tokens were the opportunities to earn and participate in governance by owning these tokens.
Axie Infinity and Ronin Network could be set to benefit following their upcoming partnership. The launch of the inaugural crypto gaming with tokenized Pokémon playing cards as prizes on 25th July could actualize this dream.
Having graduated from just a memecoin, FLOKI was also cementing its position among Metaverse cryptos. Through its gaming events like Valhalla, FLOKI rewards its users, thus attracting more recognition.
Also, through an X (formerly Twitter) post, The Sandbox showed its dominance in gaming after launching another sale of The Training Ground LAND.
Additionally, recent AI tokens that have graced the field have also led to the rise in mentions of these coins. Among them is VIRTUAL, and their governance portal went live about three weeks ago.
Despite all the positives from the gaming sector, Rockstar stayed mum on the potential of GTA 6 having its crypto.
Also Read: Top 5 DePIN Coins Set to Explode in 2025
Will This Trend Last?
Comparing the price movements, the coins have been confined mostly to a sideways structure. FLOKI, which led by gains, was utilizing its potential as a memecoin and a utility token.
Since communities are key in these, AXS and FLOKI could continue leading this sector as they were the most recognized. The trend was expected to continue, provided the broader crypto market aligned.
VIRTUAL‘s 203% profits were pronounced as the primary riding narrative inside the modern-day market was the AI agent function. This feature enabled the creation of personalized and interactive environments that support game creation.
Generally, the gaming, social, and cloud services were the widely demanded use cases. This translates to FLOKI, AXS, SAND, MANA, and VIRTUAL.
