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Highlights
- Cheap tokens can have a price well under US$1 or even US$0.01
- The UFO Gaming and Starlink cryptos are two cheap tokens in the metaverse category
- Both have lost value so far in 2022, and how they will fare in the long term is unpredictable
Regardless of how high the market cap of a crypto asset is, volatility ails the sector. Yet these volatile assets are popular.
One of the topmost trends in the space are metaverses, of which there seems to be no perfect definition. In cryptos, projects that allow blockchain-based gaming, and often have non-fungible tokens (NFTs) as a feature are usually considered metaverse tokens.
A few like Decentraland and Axie Infinity, which have billion-dollar market caps, are popular. But their MANA and AXS tokens are not cheap, at least when compared with the below two.
1. UFO Gaming (UFO)
The project combines blockchain gaming and collectible digital assets. Its UFO token has a price tag of well under a cent. Though the token had lost on a year-to-date (YTD) basis as of writing, it rebounded somewhat of late.
Also read: What does Request Network project do & its REQ token?
The project has a game, Super Galactic, and it enables players to mint new characters as NFTs. UFOeps are the digital assets of the project, which it claims can be traded in the in-house marketplace.
UFO Gaming uses Ethereum’s network to combine gaming with blockchain technology. The UFO token had a price tag of over US$0.000009 as of writing on March 25.
Also read: What is ApeCoin crypto & its link to the BAYC NFT project?
2. Starlink (STARL)
The project claims to be community-driven, and its primary game is Warp Nexus. The game is said to be an exploration adventure, where items can be traded by gamers, and the native token STARL can be used to build ships in its metaverse.
The STARL token has also lost considerably so far in 2022, but it has recouped some losses lately. The project claims the STARL token can act as a bridge between cryptocurrencies and the traditional gaming industry.
STARL crypto’s price is also well under a cent. The STARL token had a price tag of nearly US$0.000017 as of writing on March 25.
Also read: What is PlayDapp gaming crypto? PLA token’s trading volume soars
Data provided by CoinMarketCap.com
Bottom line
NFTs are usually a part of gaming metaverses, for example, the Axie Infinity game has its own Axie NFTs. No matter how high the market cap is or how high or low the per token price is, cryptos are volatile. The above two rank among cheap metaverse tokens on the CoinMarketCap list, but it is important to be cautious when it comes to any cryptocurrency project.
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