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The 7 Best Metaverse Stocks Under 20 Dollars To Buy For May 2022

Jenna Gleespen - March 11, 2022

metaverse stocks under 20

Metaverse stocks under $20 allow beginner and speculative investors to ride on the potential success of the virtual world at a bargain. Here are the seven metaverse stocks to buy that will not break the bank.

According to Emergen Research, the global metaverse market size could reach over $825 billion in 2028 from no more than $50 billion in 2020.

And the compound annual growth rate (CAGR) could hit a staggering 40% within this forecast period.

The growth of the metaverse is not an accident as it rides with the rapid development of its related technologies that range from augmented reality to virtual reality, cryptocurrency, and cloud solutions.

But which metaverse stock is worth checking out?

metaverse stocks under 20

Best Metaverse Stocks Under 20 Dollars

Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT)

Founded in 2010, the China-based company Blue Hat Interactive Entertainment Technology has at least two primary business lines.

First, it creates and distributes educational gaming platforms and toys based on augmented reality.

Second, it is a data center through its subsidiary, Xunpusen, which recently partnered with cloud tech giant JD.

The partnership could work to Blue Hat’s advantage; according to Gartner, 85% of IT-driven enterprises could shift to more complex infrastructures, such as cloud and edge computing, by 2025.

Blue Hat is also part of China’s tech community that is investing heavily in the virtual world — a market that could be worth $8 trillion, according to Morgan Stanley.

Its geographical location and investment in two popular technologies should be enough to make investors consider this metaverse stock.

metaverse stocks under 20 dollars

Sports Ventures Acquisition Corp. (NASDAQ: AKIC)

At first glance, Sports Ventures Acquisition Corp. seems out of place on this list.

It is not one of the meta platforms, but instead, it is a newly incorporated company engaged in reorganizing, merging, and acquiring businesses.

However, upon closer look, it specializes in sports, media, and entertainment industries, which can already include brands and companies delving into virtual worlds.

Case in point: this year, Sports Ventures entered into a business combination agreement with the first pure-play animation and visual effects company called DNEG.

Some experts foresee a significant recurrent revenue for this online entertainment platform as it provides services to streaming brands and tech companies.

Also, according to Precedence Research, the global animation market alone could achieve a CAGR of 5.2% between 2021 and 2030 or a value of over $640 billion by the end of the forecast period.

Sports Venture’s relationship with such a high-growth company could make it a solid addition to your portfolio.

 

metaverse stocks under 20

 

WiMi Hologram Cloud Inc. (NASDAQ: WIMI)

WiMi Hologram Cloud Inc. is another China-based tech company that aims to penetrate the metaverse space by offering augmented reality and virtual reality devices and software.

In fact, in 2021, it released a VR head-mounted display (HMD) called Wii HoloVR, which could rival the Oculus owned by Facebook’s CEO Mark Zuckerberg.

Further, according to Markets and Markets, the HMD market could grow 46% from 2021 to 2026, with a value of over $35 billion by the end of the forecast period.

Many factors contribute to its growth, including the number of people who play video games, innovation, and other potential industrial applications such as in healthcare and education.

WiMi is also one of China’s leading holographic and cloud services, offering products like 5G+ holographic remoting, which proves invaluable to automotive manufacturers like Toyota.

Stock market investors might want to consider WiMi for its ability to dominate less-saturated segments, like VR HMDs and holographic cloud.

metaverse stocks under 20 dollars

Meta Materials Inc. (NASDAQ: MMAT)

Meta Materials Inc. came into the spotlight last year when its price in the stock market soared after Facebook announced it was changing its name to Meta to reflect its vision to beat other meta platforms.

The increased share price was accidental, but in reality, Meta Materials is still part of the metaverse concept.

Besides creating solutions for aerospace and healthcare, it also designs products fit for the virtual environment, including ARfusion, a thin, lightweight pair of eyewear that uses AR technology and holographic imaging.

While this product doesn’t connect users directly into the metaverse, it provides outside developers a smart-centric tool to play around with and seamlessly connect real and virtual worlds.

Financially, Meta Materials suffered a setback recently when its stock market price plunged due to less-than-stellar results during the last quarter.

However, overall, the Canadian company has increased its total revenue by over 188% year over year based on its third-quarter report, so it could still be a good play for long-term investors.

metaverse stocks under 20

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Top Metaverse Stocks Under $20

Matterport (NASDAQ: MTTR)

Matterport is a spatial data company that designs technologies for real estate firms, leveraging 3D technology and artificial intelligence.

Its platform, for example, allows users to develop digital twins of their buildings or homes, where prospective buyers or tenants can then conveniently take a virtual tour within the digital space while using their mobile devices.

The company’s ability to produce precise digital twins is a giant leap forward for the metaverse community because it solves one of the biggest problems of designing a digital world: logistics.

Its technology can help build a more immersive metaverse where spaces closely resemble the real world.

As its tech matures, the Matterport stock could be ideal for long-term investors.

metaverse stocks under 20

Enthusiast Gaming Holdings (NASDAQ: EGLX)

Enthusiast Gaming Holdings is a Canadian digital company that helps build an engaging community for video game and esports fans, developers, and professionals.

It owns various niche websites, such as Steel Media, and esports teams like Luminosity, the most prominent esports organization on Twitch.

Enthusiast Gaming has yet to become part of the metaverse space, but it seems it is headed in that direction.

This year, it partnered with Hut 8 for web3 content development, particularly blockchain gaming, a gaming segment that could achieve a CAGR of almost 15% until 2026.

Transitioning or joining the metaverse may also not be too challenging for the company because of its extensive experience in the gaming industry, strategic partnerships with content creators and game designers, and vast network.

Enthusiast Gaming could be a potential option for long-term investing in the metaverse stock market with these factors in mind.

metaverse stocks under 20

Fastly (NYSE: FSLY)

Based in California, Fastly is one of the dominant players for content delivery networks (CDN), offering a slew of services like image and video optimization, streaming, and CDN management.

However, it is mainly known for its cloud computing infrastructure, especially edge computing.

This tech is vital in supporting the metaverse as it provides more bandwidth, fewer data loss, and consistent access to the Internet by bringing the cloud closer to its users.

It has launched an ecosystem called Compute@Edge, providing all the essential infrastructure and software prospective customers need to be in the online world.

Edge computing itself has a bright future ahead, with its market size potentially growing to almost $90 billion in 2026 from less than $40 billion in 2021.

With its ability to dominate this cloud computing sector, Fastly stock can be a welcome addition to an investor’s tech portfolio.

 

metaverse stocks under 20 dollars

Should You Buy Metaverse Stocks?

Although the metaverse concept is not new, the technology to make it a reality is only now becoming feasible.

As such, many investors are still unsure about the potential of metaverse stocks.

However, there are several reasons why buying metaverse stocks could be a wise investment decision.

First, the metaverse is still in its early stages of development, leaving plenty of potential for acquiring high-growth stocks while they’re still cheap.

Second, the metaverse offers many unique features not available with traditional online platforms.

These features include virtual reality (VR), which can create immersive online experiences, and blockchain technology, which allows for secure and transparent transactions.

Third, metaverse stocks can easily piggyback on the rapid demand for related technologies, including blockchain, cloud computing, e-sports, and decentralized finance (DeFi).

Fourth, consumers are ready for a more immersive online world, from virtual concerts to virtual meetings.

An Accenture Interactive study, for example, revealed that over 60% of consumers would more likely purchase from brands that use immersive technologies.

As a caveat, tech is such a dynamic industry that any investment in metaverse stocks carries with it a high degree of risk.

However, for investors looking for exposure to some of the most cutting-edge technologies, metaverse stocks may be an excellent place to start.

Where to Buy Metaverse Stocks

Some of the best places to buy a metaverse stock are the well-established stock exchanges, such as the New York Stock Exchange (NYSE) and NASDAQ.

For budget-friendly options, investors can consider Webull and Robinhood.

These two companies are relatively new to the stock market, but they offer commission-free trading and a wide range of investment choices they can access and manage through mobile phones.

Metaverse Stocks Under $20: Final Words

The global metaverse market is poised to become a multi-billion-dollar industry waiting to be tapped.

Investors can do that by buying metaverse stocks like Unity Software Inc., Roblox, and Meta — all with proven track records in terms of innovation, leadership, and financials.

However, they also cost a lot.

These seven affordable metaverse stocks help investors grow their tech portfolios while limiting their risk and losses.

 

Metaverse Stocks FAQ

What Is a Metaverse Stock?

A metaverse stock is an asset sold by companies engaged in the metaverse. The metaverse is a virtual online world (or a digital space) that mimics reality. Here, people can interact and transact business with their avatars.

Does the Metaverse Have a Stock?

Yes, metaverse stocks are currently being traded on NASDAQ and NYSE, as well as commission-free platforms like Robinhood and Webull. These stocks have become popular due to tech innovations and growth, demand, and consumer adoption of virtual environments. 

What Companies Are Investing in Metaverse?

Some of the largest tech companies are investing heavily in the metaverse: Microsoft, Unity, NVIDIA, Meta (formerly Facebook), Shopify, and Roblox. Many are publicly traded with affordable stock prices, such as Matterport, Fastly, and Meta Materials.

Which Stock Metaverse Is Best?

Some of the best metaverse stocks are Meta, Unity, Alphabet, Microsoft, and Snap. Investors looking for metaverse stocks under $20 can consider Fastly, Matterport, Meta Materials, Sports Ventures Acquisition, WiMi, Blue Hat, and Enthusiast Gaming Holdings.

 

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Jenna Gleespen is a copywriter specializing in finance and investment finance. Originally from the United States, she now calls London, England home.