Top Alternatives of Decentraland to Invest with Less Risk

Decentraland has different, complex factors making it extremely hard to determine the future value of its currency

The Decentraland coin is one of the top altcoins in terms of market capitalization. Last year, it was one of the best performing tokens, with returns of up to 5,300%. Decentraland’s status as a leading metaverse game could drive the adoption of MANA. Institutional investors are attracted to Decentraland’s offering, creating big price movements. Although the real estate market in Decentraland is expanding, and its long-term prospects remain promising, MANA is still a very risky investment compared to many other leading cryptocurrency projects. Moreover, Decentraland has to compete with other virtual reality worlds like Meta’s Horizon Worlds and Microsoft’s (NASDAQ:MSFT) The Sandbox. Both companies have substantially more resources and outreach than Decentraland. Decentraland has different, complex factors that make it extremely hard to determine the future value of its currency. Here are the other top alternatives of Decentraland to invest with less risk.

Algorand (ALGO-USD)

Algorand uses the advantages of both centralized and decentralized blockchain projects. It is efficient and effective, like a centralized platform and governance model of decentralized projects which ensure accountability. It is one of the best altcoins that are set to explode in March 2022.

Cardano (ADA)

Shiba Inu (SHIB)

Altcoin investors are having high hopes for Shiba Inu. It is a tempting investment, especially as its price has skyrocketed in recent times. However, it’s also an incredibly risky altcoin, and it’s likely to experience even more volatility in the future. By understanding these risks, it will be easier to make informed investment decisions and protect your portfolio.

Dogecoin (DOGE)

DOGE might be a meme coin, but it is believed to be a great long-term investment because of its plans to expand utility and scalability. DOGE also has the wealthiest person on the planet, Elon Musk, passionately promoting it and has the developer of the second-largest cryptocurrency network, ETH as a Dogecoin Foundation board member.

Ethereum (ETH)

Ethereum is the all-time favorite altcoin of crypto investors. Ethereum technology is at the core of most blockchain applications. Many believe blockchain will play a significant role in the future of finance and other industries, making exposure to Ethereum technology a potentially profitable addition to your investment portfolio.

Stellar (XLM)

Stellar leverages decentralization to improve on the current transfer systems in use. The platform incorporates a distributed ledger to improve efficiency and transparency for users. This ledger maintains all of the network’s data including its transaction history to transfer systems in use. Many crypto investors believe that Stellar is one of the best altcoins that are set to explode in March 2022.

FTX Token (FTT)

The FTT token is the native asset of the FTX exchange. It is believed FTT has considerable future potential because even in a bear market, the FTX exchange has not only been resilient but has grown to a US$32 billion valuation.