Top NFT Tokens to Buy Today
Any of these NFT Tokens can make investors’ money in 2022
NFTs have gained in adoption recently, which is creating a lot of hype around NFT tokens. Investor interest in NFT tokens has also been triggered by the ongoing rally in ApeCoin, the cryptocurrency that is linked to the Bored Ape Yacht Club line of NFTs. While most cryptocurrencies are down through April, ApeCoin is up by over 100%.
This hype points to NFT tokens as among the cryptocurrencies likely to perform best once the market turns bullish again. To help you take advantage of the next big craze in cryptocurrency, here is a list of the top 8 NFT tokens to buy in 2022.
ApeCoin easily makes it to the top NFT tokens to buy in 2022. ApeCoin hit the market in March 2022 and has since emerged as one of the best performing NFT cryptocurrencies in the market today. ApeCoin will likely keep performing well if the upcoming Metaverse launch on April 30th becomes a success. The hype around it and the fact that lands will be sold in ApeCoin could see the token easily test new highs by the end of 2022. The odds are in ApeCoin’s favor regardless of the direction the market could go.
Decentraland is a Metaverse platform that runs on the Ethereum blockchain. It is one of the older Metaverse platforms and has a wide array of Lands (ERC-721 NFT tokens) sold for MANA. This has given MANA a lot of utility and has made it one of the high potential NFT tokens in the market today. MANA demonstrated its potential to make investors rich in the 2021 bull run when it went from under $1 to a high of $5.85. With NFTs demand on the rise, MANA’s future looks bright.
Axie Infinity (AXS)
Axie Infinity is a play-to-earn gaming platform that runs on the Ethereum blockchain. On this platform, players take part in creating gaming characters and can then monetize them as NFTs. Since it launched, adoption has gained traction quite fast. Today, Axie Infinity has one of the most expensive collections of NFTs on the market.
Given that Axie Infinity is already a well-known platform and the adoption of play-to-earn gaming is gaining traction, the chances are that AXS could do well in the year. Besides, the organization behind Axie Infinity is well-funded, a factor that is critical to driving adoption.
Enjin Coin (ENJ)
Unlike most NFT tokens, Enjin Coin doesn’t get a lot of hype in the market. However, it happens to be the NFT tokens that hold the most potential. One thing that makes Enjin Coin stand out is the heavy investment that it has recently put into the Metaverse, totaling over $100 million.
Enjin Coin also has the advantage of an open NFT marketplace, meaning one can mint NFTs on Enjin and sell them on any other platform, regardless of the blockchain it runs on. This open nature of Enjin is part of the core ideals of the Metaverse and could drive the adoption of Enjin NFTs in 2022 and beyond.
Tezos has been around for a while but has recently emerged as one of the biggest players in the NFT space. This is evident in the fact that Tezos is now used for the launch and sale of NFTs by top organizations such as Formula 1.
Tezos growing prominence in the Metaverse space has a lot to do with its strong core features such as scalability, decentralization, and security. As more big names adopt Tezos as their platform of choice for NFTs, XTZ could do well in 2022 and for years to come.
The Sandbox was one of the best performing NFT tokens in 2021. It went from under a dollar to a peak price of $8. While it has since had a steep correction due to bearish momentum in the broader cryptocurrency market, Sandbox remains one of the top NFT tokens to watch in 2022.
One thing that makes Sandbox stand out is the diverse nature of its Metaverse. While it started as a play-to-earn gaming platform, Sandbox now also has a virtual concerts platform, among other aspects of the Metaverse. Sandbox also has a lot of celebrity endorsements, which gives it the hype factor in the fast-expanding NFTs space.
Flow is emerging as one of the fastest-growing cryptocurrencies in the NFT tokens space. Flow’s growing stature has a lot to do with the growing number of cryptocurrency games that are coming up on the platform.
Besides, Flow is backed by one of the biggest names in the NFT-gaming space. The Flow NFT platform was created by the same entity that created CryptoKitties, and the NBA Top Shots. For such a high level of experience in the team, it is not hard to see why Flow could outperform most NFT tokens in 2022.
Theta Token (THETA)
Theta is a platform that is best known for decentralizing the video-streaming business. However, the Theta blockchain also has an NFT platform. Through the Theta wallet, it is possible to create and sell NFTs.
Since Theta has lower fees than most NFT platforms, it has been gaining traction in the market and is likely to keep performing well going into the future. Besides, Theta has one of the largest communities in crypto, a factor that could play a role in its long-term growth.
Key considerations when investing in NFT tokens
Besides the above, there are tons of other NFT tokens today. While many of them can make you money, the most crucial factor is the platform’s stability and the community behind it.
A stable NFT platform will likely draw more investors to mint NFTs. On the community aspect, the backbone of any cryptocurrency is its community. Community hype got meme coins like Shiba Inu to give investors multi-million percentage returns. The bigger the community, the higher the chances that an NFT token will do well in the future.