CoinMarketCap Report Ranks Floki Inu as #1 Metaverse Coin

CoinMarketCap Report Ranks Floki Inu as #1 Metaverse Coin

A recent report by CoinMarketCap has ranked Floki Inu as the “most viewed” metaverse coin by some margin.

According to the price-tracking website, Floki Inu (FLOKI) accounts for 39.58% of all views related to the metaverse. The next most popular coin in the sector is WEMIX accounting for 18.8% of metaverse-related traffic.

Floki Inu, metaverse supreme

Data collected by the price-tracking site CoinMarketCap suggests that Floki Inu is the king of the metaverse coins, proving twice as popular as its nearest rival WEMIX.

The data, collected over the second quarter of the year, assessed the most popular coins in six market sectors: Smart Contracts, Metaverse, Memes, Decentralized Finance (DeFi), Collectibles & NFTs, and AI & Big Data.

Floki Inu is in two sectors within the survey; Metaverse and Memes. 

In the Memes section, the most popular coin is PEPE with 29.58% of the views, closely followed by Shiba Inu with 28.54% share of the market attention. By comparison, Floki Inu captured only an 11.68% market share when competing against PEPE and its fellow dog-inspired memecoin Shiba Inu.

CoinMarketCap did not list Shiba Inu in the metaverse category even though the project is developing its own metaverse. Like Floki Inu, Shiba Inu intends to launch its metaverse this year.

According to CoinMarketCap, the “Memes sector generated the most interest” of any sector it surveyed. Had Shiba Inu been listed in the metaverse sector then Floki Inu would only have managed second place. But, it wasn’t.

Even with such caveats the #1 status of the coin has been warmly hailed by the Floki Inu team.

Most viewed metaverse coins

Floki Inu – 39.58%

Leading the metaverse pack by some margin, Floki Inu intends to launch its metaverse project Valhalla later this year. According to a recent tweet from the company, the mainnet version of the project will feature an in-game economy that integrates the $FLOKI token and allows play-to-earn features.

WEMIX – 18.8%

The next most viewed coin according to CoinMarketCap. WEMIX is a Web3 project that “presents a borderless mega-ecosystem” according to its website.

Verasity (VRA) – 16.18%

Verasity is “an open ledger ecosystem bringing trust and transparency to digital advertising and payments.” Its Proof-of-View technology is touted as having multiple applications including in the metaverse.

Render Token (RNDR) – 13.54%

The Render Network provides decentralized computing power for the creation of 3D models with obvious applications in VR, AR, the metaverse, and immersive worlds.

ApeCoin (APE) – 12.53%

The governance and utility token of the Bored Apes Yacht Club (BAYC).

Negligible price action

Floki Inu may be the king of the metaverse coins, but its CoinMarketCap coronation has had little impact on price.

Over the past seven days up to the time of writing, Floki Inu’s FLOKI token has wavered between a high of 0.00002474 and a low of 0.00002333.

At the time of press, Floki is priced at 0.00002345, marginally down 2.40% on the day, 6.08% on the week, and 13.88% on the month. 

Despite this, Floki Inu remains 143.14% up on the year, and it’s ranked in the top 150 digital assets by market capitalization. While it trails The Sandbox (SAND), Axie Infinity (AXS), and Decentraland (MANA) in the metaverse token ranks, it commands a relatively higher market value than other popular metaverse tokens such as SushiSwap (SUSHI), Biswap (BSW), and MyNeighborAlice (ALICE). 

Image credits: Shutterstock, CC images, Midjourney, Unsplash.