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These are the 3 metaverse tokens to watch in 2022, says Brian Kelly

These are the 3 metaverse tokens to watch in 2022, says Brian Kelly
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The investor says Axie Infinity, The Sandbox, and Decentraland could explode again amid network growth and metaverse hype.

“Fast Money” trader Brian Kelly highlighted three currencies he said he’s been tracking that he believes have the potential to see more adoption and a price increase in the long-term.

According to the cryptocurrency investor, all three projects “under the radar” are related to metaverses – in the gaming or virtual world sectors. he Tell CNBC’s post-market channel shows that these are the coins he’s been watching that he believes will outperform as the underlying networks mature.

He also highlighted that as the metaverse idea takes on a solid form, there is likely to be a lot of interest around the Ethereum and Solana networks, a blockchain that could see a lot of metaverse-related activity. The investor also sees opportunities in Layer 2 protocols or decentralized applications (Dapps).

Kelly says his top options for trading opportunities are the Play for Profit (P2E) Axie Infinity (AXS) token, the metaverse and NFT-linked Sandbox (SAND), and the decentralized virtual reality token powered by Ethereum Decentraland (MANA).

He believes that the value of these tokens will continue to increase as the space grows, noting that it’s all about the network effect. he don:

“Just like Facebook [Meta] Its share price has grown, and as these networks grow — these virtual worlds grow — the value of the underlying currency must grow to serve this core economy.”

Axie Infinity (AXS)

At Axie Infinity, he says that the explosive growth of gaming tokens this year has made more and more people look forward to playing, and as the network grows, so does the value of the underlying token AXS. The price of the token is up 16,819% this year, valued at around $95.48 against the US dollar (as of writing) according to data from CoinGecko.

sandbox (sand)

Sandbox (SAND), which is also Kelly’s top pick among the tokens that are trading “under the radar,” is currently trading around $5.89 and is up 15.561% over the past year. Sandbox is a Roblox-like decentralized virtual world that allows gaming and token trading, where participants take real ownership of assets through non-fungible tokens (NFTs).

Decentraland (MANA)

BK, as it is usually referred to on a CNBC program, is also bullish on MANA, the original symbol in the virtual world Decentraland. With MANA, landlords can buy, develop, and monetize real estate and do “a lot of other different things” in the virtual world economy.

MANA is currently trading around $3.34, down around 30% from last month. However, the value of the token increased by over 4000% in 2021.

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