Tune in for our top picks of metaverse stocks under $10 to watch out for.
The popularity of meta platforms within the last year hints that many users might be ready to fully embrace digital worlds.
Based on Bloomberg’s analysis, the global metaverse market could reach $750 billion in 2024 from $250 billion in 2020.
This figure isn’t surprising, since this industry is bound to benefit from the growth and demand of related technologies, such as:
- Virtual reality (VR)
- Augmented reality (AR)
- Online gaming
- Even decentralized financing and cryptocurrency
However, the metaverse comes with challenges, mainly infrastructure, logistics, and regulations.
We’ve picked out metaverse stocks under 10 dollars that could have the potential to overcome these obstacles.
Keep reading to learn more.
Best Metaverse Stocks Under 10 Dollars
Matterport (NASDAQ: MTTR)
Based in California, Matterport is a spatial data company specializing in creating digital twins — that is, its technology translates real-life objects into those in the digital world.
Although the company commonly works with real estate firms, its business model also makes it ripe for the metaverse boom.
Matterport has one of the largest libraries of virtual objects that companies like Meta (owned by Facebook CEO Mark Zuckerberg) and Amazon are currently using.
Amazon sellers, for example, can manage and run their stores or facilities in the virtual world.
Meanwhile, its digital twin platform called CAPTUR3D has integrated with the leading 3D model application Sketchfab, allowing users to produce more immersive meta environments.
Financially, Matterport has an impressive market cap of almost $1.8 billion.
And while its paid subscription growth declined in 2021, its freemium subscriber base grew while its recurring subscription revenue rose to 26% year over year.
Matterport could be a potential high-growth stock within the next few years.
WISEKey International Holding (NASDAQ: WKEY)
Founded in 1999, WISEKey International Holding is a Swiss-based company that offers e-security solutions for various industries that range from healthcare to the Internet of things (IoT).
It also has specific products and services for securing blockchain and cryptocurrency transactions.
These solutions are vital for the meta platforms, as cryptocurrency can be vulnerable to cybersecurity issues, such as theft.
Further, WISEKey has started partnering with businesses that offer or support NFT arts.
This is a market segment that grew to $41 billion in 2021 and could achieve a compound annual growth rate (CAGR) of almost 40% from 2020 to 2030.
Its financial position is also stable, recently reporting a 50% growth in its revenue year over year and possessing a market cap of almost $55 million.
With its healthy balance sheet and extensive industry experience, WISEKey could be ready to become a major player in the virtual space.
Vinco Ventures (NASDAQ: BBIG)
It follows the same approach as it breaks into the metaverse sector.
The company has created Cryptyde as one of its subsidiaries, focusing on designing and acquiring Web 3.0 products that include video games and art.
Besides this, Vinco Ventures plans to offer Bitcoin mining equipment and co-location services.
This burgeoning data center segment could have a market value of over $202 billion by 2030.
It also launched a social media app in India called Lomotif and will likely monetize it through its acquisition of AdRizer, an automated solution that performs artificial intelligence analytics.
Then, it has a pending partnership with ZASH Global that maintains an online entertainment platform.
These acquisitions and plans won’t come cheap for Vinco Ventures, making it a more high-risk metaverse stock than others on this list.
However, the company has strong leadership and excellent research and market development strategies.
While investing in this on the stock market comes with caveats, the factors previously mentioned could still make Vinco Ventures worth considering.
Ready to build your portfolio? With Public.com you can follow other investors, discover companies that are inline with your beliefs, and invest into stocks and crypto with very little money! What are you waiting for? Check out Public Now!
Top Metaverse Stocks Under $10
Enthusiast Gaming Holdings (NASDAQ: EGLX)
Enthusiast Gaming Holdings is a Canadian business specializing in enhancing the virtual experience of its users by building, expanding, and engaging sports communities and linking various stakeholders from players to content creators and developers.
It runs many niche websites, such as the video game magazine called Escapist, and holds events like the prestigious Enthusiast Gaming Live Expo.
Besides its dominance in the video game industry, there are three reasons why you might want to give this stock a closer look.
First, the company has one of the most prominent followings in its industry, with Luminosity Gaming being the most popular e-sports group on Twitch.
Second, it can now expand its user base more quickly, as it acquired U.GG, the fan community of League of Legends.
Lastly, it is prepping to be one of the competitive and income-generating meta platforms by partnering with Hut 8, a digital asset miner.
Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT)
Besides running a data center, China-Based Blue Hat Interactive Entertainment Technology designs, manufactures, and distributes interactive educational materials such as toys based on augmented reality.
As one of the dominant companies in its market segment, Blue Hat could be in an excellent position to compete with popular meta platforms like Roblox Corporation.
The business is also aggressive in introducing related products and services, such as a platform for content delivery networks (CDNs).
Many experts consider CDNs to be critical factors for the success and growth of the metaverse because it helps decrease latency and data loss, which could improve the overall user’s virtual experience.
Fiscal-wise, Blue Hat is a thriving business, increasing its total revenues by over 230% and its gross profit by 94% year over year.
This is based on its 2021 third-quarter report.
So the company could have the technology, market, and money to become an active player in the metaverse.
Should You Buy Metaverse Stocks?
Investors who want to buy a metaverse stock should be forewarned: the market is volatile, and the prices can fluctuate rapidly.
Although the metaverse concept isn’t new, most companies are also far from making it mainstream.
However, there are reasons why you might want to consider investing in the metaverse.
The metaverse is still in its infancy stage, so the potential for stock market growth is high, and long-term investors could reap the benefits within the next five to ten years.
In addition, the metaverse is a unique platform that can disrupt several industries.
For example, the gaming and entertainment industry is one of the first sectors to feel the impact of the metaverse, as it provides a more immersive and realistic experience for gamers.
The metaverse could also expand to potential sectors, including retail, education, and travel.
Many fast-growing techs today, from augmented reality to virtual reality, are also part of the metaverse.
According to Technavio, the AR market alone could reach $108 billion by 2025, achieving a CAGR of over 30% in only five years.
Where to Buy Metaverse Stocks
The easiest way to access metaverse stocks is to start your search by looking for shares that are listed on major exchanges, such as the New York Stock Exchange (NYSE) and NASDAQ.
You can also go through stockbrokers, who can make fast investing decisions on your behalf.
However, this option is often expensive, so those who want to save money can invest in commission-free platforms like Webull and Robinhood.
Metaverse Stocks Under $10: Final Words
Ever since Facebook announced that it’s changing its name to Meta, the buzz around the metaverse has never been this loud.
Further, as virtual and physical worlds merge, meta platforms could be poised for some serious growth.
However, investing in big players like Unity Software Inc., Meta, and Tencent Holdings may not be budget-friendly, especially if investors prefer to use stockbrokers.
These metaverse stocks under $10 provide beginner and cautious investors the chance to grow their portfolios without having to spend money that leaves coffers dry.
Metaverse Stocks to Buy Now FAQ
Does Metaverse Have a Stock?
Yes. Many tech companies from online gaming platforms to manufacturers of virtual reality devices have a metaverse stock. If there’s a company that works in the development or support of virtual worlds, it’s likely a metaverse stock.
Can I Invest in Metaverse?
Yes, anyone can invest in the global metaverse market. For example, investors can buy metaverse stocks on commission-free mobile platforms like Webull and Robinhood.
Which Companies Are Investing in Metaverse?
Many companies are investing in the metaverse. These include tech giants like Microsoft, Meta, Unity Software, NVIDIA. Others are emerging businesses like Matterport, WISEKey, Vinco Ventures, Enthusiast Gaming Holdings, and Blue Hat.
What Is the Best Metaverse to Invest In?
Meta Platforms Inc. (formerly Facebook) looks like it has potential to be one of the better metaverse stocks out there. However, you can also buy shares of fast-growing tech businesses like Blue Hat Interactive, Enthusiast Gaming Holdings, and Matterport as well.
What Is the Metaverse Stock Price?
Metaverse stocks’ prices vary wildly from one company to the next. Growing technology companies may offer shares below $20 while big ones may be worth $50 or more.