One of the trending words in 2021 in the world of stocks and cryptocurrency has been the metaverse. The surge in interest in the metaverse has led to increased valuations of virtual land and cryptocurrencies associated with them.
What Happened: A growing number of companies have made their intentions known about investing in the metaverse.
Meta Platforms Inc
Investing $1,000 In SAND, MANA: The Sandbox coin traded at a high of $0.0379 on Jan. 1, 2021. A $1,000 investment in SAND on the first day of the year could have bought 26,385.22 SAND coins.
SAND has traded between $.0345 and $8.44 for the year. The $1,000 investment would be worth $135,356.18 today based on a current price of $5.13.
The Decentraland coin traded at a high of $0.0839 on Jan. 1, 2021. A $1,000 investment in MANA on the first day of the year could have bought 11,918.95 MANA coins.
MANA has traded between $0.0703 and $5.90 for the year. The $1,000 investment would be worth $39,213.35 today based on a current price of $3.29.
Investing $2,000 in two coins connected to the metaverse could have been one of the best investments made at the beginning of the year, with a value of $174,569.35.
While not many made that investment call, there could still be time with some experts such as Grayscale and Cathie Wood calling the metaverse a multi-trillion opportunity.