There aren’t many status symbols in Minecraft due to how each server is run by individuals, rather than Mojang directly, but the one thing that will make you stand out from the crowd is an official Minecraft cape. While there are Minecraft mods that can give you any cape you like, and some can be bought on the Marketplace, to have one officially tied to your account that you can use in the vanilla game is a rarity, especially as fewer and fewer are given out as the years go by.
