The Metaverse: Key Takeaways
- Learn what the metaverse is and if it’s a top sector to watch in 2022.
- Big tech’s all in on the metaverse — find out what it means for traders!
- Is the metaverse another fad or here to stay? 8 top traders weigh in below…
The metaverse is big news since Facebook changed its name to Meta. Now tech and cryptocurrency companies are getting in on the action. Is the metaverse a fad? Or is it the best thing since the internet? Find out what 8 top traders think below!
- Tim Bohen’s Take
- Jack Kellogg’s Take
- Bryce Tuohey’s Take
- Matthew Monaco’s Take
- Kyle Williams’ Take
- Mariana Hincapie’s Take
- Mike ‘Huddie’ Husdon’s Take
- Tim Sykes’ Take
Table of Contents
- 1 What’s the Metaverse?
- 2 Is The Metaverse Here to Stay? Insight from 8 Top Traders
- 2.1 The Metaverse: Tim Bohen’s Take
- 2.2 Jack Kellogg on the Metaverse
- 2.3 Bryce Tuohey on the Metaverse
- 2.4 The Metaverse: Matthew Monaco’s Take
- 2.5 Kyle Williams on the Metaverse
- 2.6 Mariana Hincapie on Metaverse Stocks and Trends
- 2.7 Why Mike ‘Huddie’ Hudson Is Watching the Metaverse Sector
- 2.8 Millionaire Mentor and Trader Tim Sykes on the Metaverse
- 3 The Metaverse: Will It Rock Your (Virtual) World?
- 4 One Platform. One System. Every Tool
What’s the Metaverse?
The metaverse is a digital world where you can virtually socialize or attend school and work. You could attend family gatherings or live events with people from all over the globe — right from the comfort of your home.
Sounds exciting, right? Let’s dig a little deeper…
Right now, the metaverse is still a concept — it doesn’t even exist yet. So why should you care about it?
Because lockdowns changed the way people live, work, and interact. And technological advancements mean people may never go back to offices or travel for work.
Plus, Big Tech is all in on the metaverse. Meta Platforms, Inc. (NASDAQ: FB) will reportedly spend $10 billion this year on metaverse development. NVIDIA Corporation (NASDAQ: NVDA) launched its Omniverse metaverse-building platform last year. And investors like Cathie Wood think the metaverse could be worth trillions.
Add that to cryptocurrencies (the currency of the metaverse) and blockchain technology going mainstream.
The virtual metaverse world could soon become a reality.
It doesn’t matter if you trade OTCs, small caps, or large-cap stocks. The potential trading opportunities could span across the entire market.
How can you get ready for the potential plays? Read on to learn what 8 top traders think of the metaverse and what they’re watching for now!
Is The Metaverse Here to Stay? Insight from 8 Top Traders
Traders get excited about technology and breakthroughs that could change the status quo. That means trading opportunities.
And the metaverse has the potential to be a hot sector. Especially as technology and blockchain continue to grow.
But hot sectors come and go. And no trading strategy lasts forever. The markets change and you have to change with it.
Want to keep up with fast-changing markets? Tim Sykes is offering an unbelievable opportunity to learn from three millionaire traders FOR LIFE. It includes access to live webinars, education resources, and stock alerts for one low price. Save almost $20,000 and become a life-long learner here!
The Metaverse: Tim Bohen’s Take
I’m an outdoorsman and being out in the world. I like reality, paper books, and the four seasons. So how do I feel about the metaverse?
Not sure … but I believe it’s inevitable. It could be the next evolution of humankind.
And from a trading perspective, it could be huge. I think it has the potential to be like the iPhone in 2007, the dot-com boom, and the internet in the late 90s. It’s already started…
People already spend hours a day staring at their phones. When you pair that with a virtual reality (VR) headset, it becomes more immersive.
We’ll see a lot of companies from small caps to tech giants move into this space. Be ready with your metaverse trading plans to get in on the action.
Jack Kellogg on the Metaverse
Hey. Jack here.
I think the metaverse is here to stay.
Lockdowns trained many people to stay indoors. And I think in the future, many people won’t like their real lives. Even today, many people aren’t happy with their lives.
The metaverse could play a big role in helping people escape reality. Just take a look at the funding behind it to see the potential here.
As for stocks and potential plays…
The metaverse is already a hot sector for OTCs. Stocks like One World Universe Inc. (OTCPK: OWUV) and other OTC names recently dropped metaverse news and went on nice runs.
As the metaverse gains traction, more companies — especially OTCs — will use that to promote their stocks. Watch for that.
Bryce Tuohey on the Metaverse
Bryce Tuohey here. From what we’ve seen so far, I think the metaverse has potential for hot sector momentum.
But right now, as Jack mentioned above, most of it’s in the OTC market. I don’t see a lot of movement in the small-cap sector.
I don’t trade a lot of OTC stocks. But if the sector heats up and leads to some real momentum, then it could work its way into the small-cap market.
The Metaverse: Matthew Monaco’s Take
Hey, it’s Matt Monaco. I agree with Jack. I think the metaverse is here to stay. And it’ll only get bigger. It wouldn’t surprise me if the world goes full “Ready Player One.”
Maybe not next year … but in five to 10 years, it’s a real possibility. And in typical penny stock fashion, the scammy smart companies will latch onto the trend…
We all remember the big moves NIO Inc. (NYSE: NIO), Arcimoto, Inc. (NASDAQ: FUV), and Nikola Corporation (NASDAQ: NKLA) had when the EV sector was hot.
Then there are the crypto plays like Marathon Digital Holdings, Inc. (NASDAQ: MARA) and Riot Blockchain, Inc. (NASDAQ: RIOT) that runs with bitcoin.
We’ll likely see the same with metaverse stocks.
If/when the metaverse sector heats up, it could be a great catalyst and create sympathy plays. Start making watchlists now and keep up with the metaverse news to be ready for the action.
Kyle Williams on the Metaverse
Like Matt and Jack, I also think the metaverse is here to stay and will continue to grow. There’s no telling what it will ultimately become or how it will mature. It’s still in its infancy and too early to tell.
I’m sure it will be a hot sector at some point. But there are only a few metaverse watches in the crypto world and stock market. Currently, I’m not watching any specific stocks, but I’m tracking news and movement for potential plays down the road.
Mariana Hincapie on Metaverse Stocks and Trends
So far we’ve seen metaverse news spike OTC stocks. There’s some action stirring, but the spikes we’ve seen lose volume and crash quickly.
Right now, OTCs are the stocks to watch for metaverse hype, but they need more volume. There’s just not enough demand to create the huge moves we saw in January and February 2021.
I’m waiting for that volume. Then, once more OTC stocks ignite the sector, I’ll make a plan from there.
Why Mike ‘Huddie’ Hudson Is Watching the Metaverse Sector
Hey, it’s Huddie. I’m definitely watching the metaverse sector in 2022. The idea of a fresh sector and charts excites me.
I’ve already seen the rumblings on the surface for momentum in the space. I’ll treat it like any hot sector and aim to trade the momentum and my patterns.
Millionaire Mentor and Trader Tim Sykes on the Metaverse
Tim Sykes here. I’ll be blunt …
The metaverse — all this new technology — it’s crap. VR has been around for years.
When we look back, it wouldn’t surprise me if Facebook’s metaverse announcement was just a way to direct attention from the whistleblower movement. I’m sure they’re working on the metaverse, but my guess is that it’ll probably be useless for the next two to three years.
It’s just a new way of getting money out of people and spinning technological hype to nerds.
A few projects may be decent. But the more I look into it, I’m just not convinced. It’s almost all junk right now. People get excited about the ‘next big thing.’ But it will eventually just become a part of the internet ecosystem.
It’s not that there’s no business. It just rarely lives up to the hype.
I’m sorry to be cynical and the bearer of bad news, but most of this stuff is absolute junk. Traders need to realize it.
There can still be trades. Many of the traders have already mentioned possibilities in OTCs and sketchy companies playing off the hype. It’s fine to trade the momentum short term, but never hold and hope.
The Metaverse: Will It Rock Your (Virtual) World?
Bohen here to wrap things up. Bottom line on the metaverse and stocks in the sector: It doesn’t matter if the metaverse becomes our future reality or is just a passing fad…
Focus on how metaverse hype can create trading opportunities. Whether you like to trade penny stocks or large caps, hone in on your strategy and make a trading plan.
I’ll hold on to reality as long as I can. Who knows … maybe one day our avatars will shake hands in the metaverse.
Until then, learn with me daily in the SteadyTrade Team. Join the SteadyTrade Team today and I’ll see you in the chat room!
Are you excited about the metaverse? Do you think it’ll be the best thing since the internet? Leave a comment below!