Top 3 Best Metaverse Stocks to Buy in January 2022

The Metaverse hype is driving the world crazy. In the fourth quarter of last year, many Metaverse cryptocurrencies have exploded in value and investors are shifting their focus to Metaverse stocks. Here are 3 great Metaverse stocks to watch in 2022, compiled by nulltx.

Best Metaverse Stock to Buy: Unity Software Inc (U) – $117

Founded in 2004, Unity Software Inc. is a video game software development company based in San Francisco. Unity Technologies is best known for its Unity game engine, which is one of the most popular for the new Metaverse cryptocurrencies coming to market.

Some of the most popular games made with Unity are Hearthstone, Escape from Tarkov, Rust, Subnautica, etc. Unity’s biggest competitor is Epic Games’ Unreal Engine. Unfortunately, Epic Games is privately owned, so the shares aren’t publicly traded on exchanges.

Unity Software shares are currently trading at $117, down from an all-time high of $200 in November. Unity’s stock value is somewhat tied to the Metaverse hype, making it an excellent long-term value for 2022-2023. As more and more Metaverse projects grow with Unity, Unity can certainly easily break the previous ATH of $200.

Best Metaverse Stock to Buy: Matterport (MTTR) – $13

Founded in 2011, Matterport is the 3D spatial capture standard. Their all-in-one platform turns real spaces into duplicate digital models. This technology is perfect for Metaverse as it allows users to easily capture, store, share and experience 3D images and models.

At its core, Matterport enables real estate agents to create better quality job listings. However, with its 3D imaging technology, investors are flocking and buying up MTTR stock due to its untapped potential for metaverse applications.

MTTR is currently trading at $13 after hitting its all-time high in November when it peaked at over $33. MTTR has seen a significant drop in value over the past two months, which could make MTTR a great buying opportunity right now. Keep in mind that Matterport is heavily fueled by the Metaverse hype, which means investors should view this as a high-risk, high-return trade.

Best Metaverse Stock To Buy: Meta Platforms Inc (FB) – $331

The king of all Metaverse stocks is Meta Platforms Inc, officially known as Facebook. Although Mark Zuckerberg didn’t coin the term metaverse, he did bring the metaverse and its possibilities to the world’s attention.

Since Facebook’s Metaverse is still evolving and its ecosystem is still in its infancy, we haven’t seen any significant appreciation in the value of FB’s stock. In fact, during the Metaverse bull run in November 2011, the value of FB stock fell from a high of $378 in September to a low of $306 in December.

Metaverse is still in its infancy. For example, Oculus is catching on, and most consumers are still wary of delving into the Metaverse. However, as we see increasing mainstream adoption of VR/AR technology, Meta should see a significant increase in rating in the years to come.

The Meta platform would be one of the safest bets for Metaverse stock, as it’s held up exceptionally well even over the past few months of decline.

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