Buying a dip is one of the best ways to profit in crypto. After all, the golden rule in investing is to always buy low and sell high. The market has seen huge downsides and with many coins offering good dip-buy opportunities, Metaverse Coins should be on your radar. Here’s why:
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The overall sentiment in Metaverse coins is likely to improve significantly before the end of 2022.
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The Metaverse coins have already crashed several times in 2022, so they are heavily discounted.
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Increased investment in VR and AR gaming could unlock the value of Metaverse crypto this year.
Therefore, for Dip Hunters looking for a piece of Metaverse coins, the three coins below should offer great discounts:
Enjin Coin (ENJ)
Enjin Coin’s (ENJ) main goal is to create a robust ecosystem that will facilitate and support innovation around blockchain gaming and virtual reality. The project is seen as a large part of the play-for-earth space and is expected to grow much larger in the future.
Data Source: TradingView
But ENJ is currently facing one of its worst losses in months. The price of this coin has fallen by about 35% in the last 24 hours alone. With more losses expected, the dip-buy opportunity presented will be hard to ignore.
Wemix
Wemix (WEMIX) is also a blockchain project created for the metaverse and virtual reality games. In fact, it is built around the Enjin Coin, but it is not nearly that big. So far, WEMIX has managed to keep losses relatively low during the crypto crash. But it is still well below its all-time high. It will be a good asset to add to your portfolio in the short term.
Blocktopia (Block)
Blocktopia (BLOK) is a polygon-based metaverse that is fully decentralized. It is relatively new but has attracted a huge fan base. This coin has lost up to 40%, and its market cap has fallen below $50 million. If there was a right time to buy it cheap, this is it.