The cryptocurrency market has seen a big slowdown in NFT sales, but ApeCoin (APE) will be praying for a revival in fortunes. The utility coin for the Bored Ape NFT ecosystem can still see big investment returns with the metaverse. Another metaverse leader is The Sandbox (SAND) and the project has the benefit of first-mover building. However, the metaverse may take time to develop and investors should consider Uwerx which is targeting a developed and lucrative market with the gig economy.
ApeCoin (APE) May Have to Wait for Big Wins
ApeCoin (APE) is a utility token that was launched to support the ecosystem of Yuga Labs’ Bored Ape Yacht Club NFT phenomenon. The token was launched just as the bull market in crypto and NFTs was ending, so it was not great timing, but that means investors can get access to a token with potential at a good price.
ApeCoin (APE) can benefit from the metaverse as Yuga Labs is the creator of the Otherside metaverse. That can hold its value with the appearance of Bored Apes. The collection recently announced that it was partnering with developer Animoca Brands on a play-to-earn game that will feature the Bored Apes. ApeCoin currently trades at $4.47 and is ranked number 38 by market cap, analysts believe that it could reach heights of $4.80 – $5.30 in the next bull run!
The Sandbox (SAND) Still Waiting on the Metaverse
The Sandbox (SAND) is another project looking to take advantage of metaverse growth, but like APE, that could take some time. The Sandbox (SAND) rallied in late 2021 on the news that Facebook was rebranding its company to Meta Platforms. That got investors excited, but things have gone sour on the realization that it may take years to fulfill its potential.
Many big-name corporations are planning to enter the metaverse, with the Chinese e-commerce platform Alibaba being one of the latest. The Sandbox (SAND) will require some time to see its land valuations rise, but it did see a 2021 record of $4.6 million for a parcel of land. The metaverse can be one of the big themes of the future, but it could take time to deliver investment returns.
Uwerx (WERX): Opportunity To Get In Early?
Uwerx is focusing on building in a market that is already successful with a freelance work platform. The project will look to disrupt the current players with a blockchain offering that can slash fees and reduce payment times. The digital ledger can provide other advantages for data storage and IP control. It is no wonder that analysts see gains of up to 6,000% in Uwerx.
Uwerx can see those gains happen while metaverse investors wait around for adoption. The pandemic boosted freelance work trends and statistics show that 80% of big corporations plan to utilize more free agents in the future. Uwerx can benefit from its early entry, liquidity lock at presale and for 25 years thereafter as well as being able to grab market share before any competition appears.
Investors and experts alike have shown high confidence levels in the project as it has already passed its audits by SolidProof and InterFi Network. The project has a high likelihood of becoming a blue-chip crypto platform used by millions around the world, we think investors should start making moves now while they can early, and avoid being left out of potentially huge gains: