The Metaverse platform has steadily been growing since its inception in 2014, and recent updates have allowed it to keep pace with the latest developments in the blockchain and cryptocurrency industries. The MVS coin, which was valued at just $0.0004 at the start of 2018, will no doubt increase substantially in value over the coming years as more people begin using the platform and new features are added to further improve its functionality. So if you’re considering investing in MVS, here are 10 Metaverse coins to invest in for maximum profit in 2023.
The Stellar Lumens (XLM) blockchain is built on a foundation of stellar technology, but since its consensus mechanism doesn’t require mining—making it faster and more environmentally friendly than most Proof-of-Work systems—there’s plenty of room for growth. Stratis is a company that specializes in Blockchain-as-a-Service (BaaS), providing companies with customizable blockchain solutions. With Stratis, businesses can quickly and easily launch blockchain applications on their own private chain or public network.
The Metaverse project will be a world-class blockchain ecosystem, involving many kinds of digital assets and digital identities. An open-source public blockchain facilitating peer-to-peer value transactions, is designed to serve as a foundation for all decentralized applications on the network. By digitizing various types of information as virtual assets, smart contracts can be used to automatically execute payment and other agreement protocols. All built upon a distributed public ledger that maintains a valid record of all transactions without any centralized intermediaries.
NEO is China’s answer to Ethereum. This year, they have an ICO and launched their smart contracts platform. While NEO hasn’t taken off like other cryptocurrencies (e.g., Ethereum), that may soon change once developers build more applications using it. For example, NEO has been integrated into Ontology’s network, which will allow developers to utilize its technology much faster than Ethereum.
VeChain has been a strong investment over 2018, but it is expected to take off in a big way over 2019. The cryptocurrency will likely become an integral part of multiple industries, including luxury goods and pharmaceuticals. Investors who get their hands on VET early stand to make bank over 2023, so long as they manage their position properly. Consider holding VET over 2019 and 2020; with many crypto experts forecasting that VeChain’s price could increase by 200% during both of these years.
Cardano aims to be a third-generation blockchain that will support smart contracts and decentralized applications (dApps). It is being developed by IOHK, which is headed by Charles Hoskinson, one of Ethereum’s founders. Cardano wants its platform to compete with Ethereum, but also plans to incorporate technology from other blockchains as well. Cardano could greatly improve how dApps function on a blockchain. A proper functioning platform would provide all of these projects with an affordable and secure way of performing transactions.
It is built on Bitcoin, so it has its security guaranteed by Bitcoin’s hashing power. Factom plans to utilize Merkle trees which are used in blockchain technology and will allow people to audit any data stored on a platform with zero knowledge of that platform. In other words, businesses can create their own blockchains and keep them private but allow outside parties permissioned access through Merkle trees.
Waves is building a custom token platform. This gives them a leg up on other platforms because they are creating their own blockchain and will be able to provide features that may be difficult or impractical on other platforms. Waves has been one of our top picks, and we have been impressed with their project so far. It’s only a matter of time before they become widely adopted.
Wanchain plans to bridge both worlds and serve as a platform that allows projects built on different blockchains—bitcoin, Ethereum, NEO, EOS—to connect with each other. Wanchain is set to launch later in 2018 and will allow users to perform financial transactions across different blockchain networks.
Ardor is a blockchain-as-a-service platform built on top of NXT. Ardor allows users to create their own blockchains – called child chains – with specific settings and functionalities. The unique design of Ardor’s parent chain also allows users to swap tokens between child chains without using an exchange. This lets users capitalize on platforms like Ethereum, NEM, or Bitshares while still being able to interact with businesses that use a native coin.