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Trader Austin Arnold names 6 undervalued metaverse altcoins set to explode

Widely-followed crypto channel Altcoin Daily shares with their subscribers 6 undervalued metaverse crypto assets that have the most potential in terms of fundamentals.

Theta Network (THETA)

First on the list is Theta Network (THETA), a blockchain powered network purpose-built for video streaming. According to the trader, the recent development of Theta has made the network become an essential building block for metaverse development.

“Many of the technologies the Theta team has developed over the years are key components in the coming metaverses being built today: Rendering VR worlds in real time for VR-based metaverses, Theta Video API as the building block for devs to integrate video into metaverses, Decentralized video distribution to relay in-metaverse video between users, Video-based NFTs that can capture meaningful moments in the metaverse.”

Besides, the trader also highlights that Theta’s future live events can expand the concept to use Theta P2P distribution, so that users can earn TFUEL just for showing up at the party and sharing their bandwidth for data, video, computation and more.

Realm (REALM)

Realm (REALM) is the next altcoin on the list. It is a play to earn metaverse, built on Ethereum and the Polygon layer 2 scaling solution where players can explore and create virtual worlds and games.

“Realm is the next metaverse project. You can create and explore infinite number of microverse, from art galleries in space to underwater auction. Amazing concepts! Clear roadmap! Quality partnerships!”

The trader also says that with a small market cap of $45 million, Realm is still an undervalued altcoin and has huge potential to become billion market cap asset.

Gaia Everworld (GAIA)

Next on the list is Gaia Everworld (GAIA),  a multi-region fantasy game backed by blockchain scaling solution Polygon. As the trader says, Gaia EverWorld has recently secured $3.7 million in funding from prominent blockchain industry investors via a private sale.

Aarnold also suggests that GAIA has huge potential because of its unique technology and strong backing.

“We can see some of the big names backing this project right here such as Polygon, AU21, MEXC Capital, ChainGuards, BSCStation, DeFiboost, Aussie Capital. Definitely a differentiator. Also a differentiator is the the technology. They have Unity 3D, they have the Unreal Engine, and of course, built on Polygon.”

Star Atlas (ATLAS)

Star Atlas (ATLAS), a Solana-powered galaxy adventure game. It is being built on Unreal Engine 5, allowing the game to feature cinema-quality, real-time environments.

One of the reasons for Aarnold’s belief that ATLAS will be the next boom is because of its rapidly growing fanbase.

“The Star Atlas Discord server has just reached 100,000 members. This is a great achievement for the community, for the team. Many hours of effort were put in by many people to build the great community that has formed and continues to form in Star Atlas.”

Seascape (CWS)

Seascape is the fifth on the list. It is an incentivized ecosystem consisting of gamers, developers, and influencers.

“By gamifying the process of onboarding new users into the DeFi ecosystem from start to finish and removing complex barriers, the Seascape Network allows users to seamlessly enter the world of blockchain games and decentralized finance.”

The crypto KOL adds:

“The team has been developing blockchain games for more than 3 years and has partnered with many top-tier companies such as Chainlink, Binance, Neo, MakerDAO, among others. At present, Seascape has released the world’s first grand strategy built on blockchain technology, BLOCKLORDS, as well as the first of three DeFi minigames based on earn-as-you-play principles.”

Sandbox (SAND)

Last on the list is Sandbox (SAND), one of the top gaming projects with the highest social volumes.

“As the most anticipated Metaverse project on the market, SAND has capture investors’ interest and is making big strides in crypto’s Metaverse sector.”

The analyst shares about SAND’s recent price spike. According to trader, one of the main reasons that The Sandbox price is rising, is due to the anticipation of the upcoming alpha release of their game on November 29th.

“There’s been a lot of hype surrounding the project, and seeing a working product next week has definitely got investors excited.”

Another big reason for SAND’s recent price hike, is a tweet from Adidas, hinting at a potential collaboration with The Sandbox.

“A potential partnership with a mainstream brand is the perfect catalyst for a bull run. Crypto is becoming more and more mainstream, with more iconic brands joining the movement.”

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