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Blockchain gaming has kicked off at a rapid scale, and as a result, tokens that are connected to GameFi projects are picking up significant steam.
By leveraging the power of NFTs, smart contracts and governance tokens, coupled with Play-to-Earn (P2E) economics, these projects can provide significant opportunities and experiences to earn for a lot of players.
Today, we will dive into the online crypto gaming tokens that anyone should diversify with which can provide them with high ROI, solid value, and the opportunity to earn as they play.
KangaMoon (KANG) – Combining Social-Fi Elements and a Community-Driven Approach
Immutable (IMX) – Enhancing the NFT Market With Better Scalability
FLOKI (FLOKI) – Introducing Valhalla and Changing Meme Coins
Yield Guild Games (YGG) – Investing in NFTs for Revenue Share
Enjin Coin (ENJ) – Enabling Better Security and Authenticity
The industry is filled with innovative projects and games, and is growing on a daily basis. Today, we selected the top 5 gaming tokens that should be a part of anyone's crypto portfolio.
KangaMoon (KANG) is one of the latest cryptocurrency to enter the gaming space but it has already managed to get a large following and a major price-jump. Specifically, the cryptocurrency has seen a 290% price increase as its value spiked from a low point of $0.005 to $0.0196. Moreover, it raised over $4 million with a $5 million price target set for April.
On top of the KangaMoon platform, anyone can essentially create a character, build them up and then engage in challenges. By doing so, they earn rewards in the form of KANG tokens or other types of rewards as NFTs. These can be resold in the marketplace for additional gains. As a result, it's considered one of the best gaming tokens to jump into for 2024. These aspects position it as one of the top online crypto gaming projects.
Immutable (IMX) is a major cryptocurrency which is a part of an ecosystem which is built on top of the Ethereum network, aimed to address issues in the NFT market such as high transaction costs and scalability, but also features gaming elements.
The year-to-date (YTD) price increase for the Immutable crypto was by 160%. Moreover, in the past two weeks, the Immutable price spiked from a low point of $2.63 to $3.20, and at this rate, can reach new heights. However, based on the Immutable price prediction, it can end 2024 at $0.0101, positioning it as one of the top NFT games.
FLOKI (FLOKI) is a meme coin that expanded its ecosystem and now features Valhalla. This is a P2E NFT metaverse and game that is powered by the FLOKI crypto. Moreover, users can get rewarded with the crypto through battling in this virtual world. During the past year, the FLOKI price spiked 516.6%.
Moreover, in the past month it surged by 35.4%. The RSI and MACD data are also bullish, and at this rate, the crypto can reach new heights. According to the FLOKI price prediction it can end 2024 at $0.000357. These aspects make it one of the hottest play to earn games.
Yield Guild Games (YGG) is a community that collects funds from investors to purchase NFT assets, including virtual land, weapons, and characters across blockchain games. THe objective here is to rent these out to players in exchange for the sharing of revenue generated. As a result, the Yield Guild Games crypto has seen a massive surge in activity and value.
The year-to-date (YTD) climb for the Yield Guild Games price was by 403.8%, and in the past month is up 96.6%. Moreover, in the past week, it's up 13%, moving from $1.16 to $1.71. According to the Yield Guild Games price prediction, it can end 2024 at $2.14.
Enjin Coin (ENJ) is an ecosystem which enables players the opportunity to buy, sell or trade digital items. It verifies and manages their authenticity, and their value through utilizing the blockchain. The Enjin Coin crypto is used to link the items to blockchain-based tokens.
Moreover, during the past trading sessions, the Enjin Coin price has spiked 12%. At this rate, based on the Enjin Coin price prediction, it can end 2024 at $0.6645.
Blockchain games are a developing segment within the gaming sector and have differences when compared to non-blockchain games. These are built on top of a specific network and feature DeFi elements which enable a higher level of functionality. Play-to-Earn (P2E) titles for example feature their own gaming economy and enable players the opportunity to earn as they play. Gaming tokens are needed as an incentive and reward for players for participating in the ecosystem and completing quests or other events, as they receive rewards this way.
They are typically utilized in NFT games, P2E games, Metaverses and other types of dApps or DeFi projects that feature GameFi elements. They can be earned as crypto rewards for players which are gaming, and enable anyone to own their in-game assets.
Players will typically choose P2E games in order to monetize their time and get value out of it. This can result in much higher utility and demand for gaming tokens. Moreover, over time, some of these projects have implemented token-burning mechanics which can lead to scarcity and more value. These tokens are also typically a requirement for players to buy specific in-game items, which means they will always be needed.
We selected them based on the fairness of the games, the security and trustworthiness of the team and project, the quality of the games, and the overall utility and use-cases of the native cryptocurrency. By asserting tokens this way, traders and investors can diversify with the best possible outlook.
Gaming is evolving and GameFi projects are varied. As a result, Immutable, FLOKI, Yield Guild Games and Enjin Coin have all amassed a solid following. However, the most significant gains can be made with KangaMoon, as it has a vast ecosystem and features a variety of elements enabling anyone t o earn.
Any game that supports P2E elements enables anyone the opportunity to earn just by completing quests, battling, engaging in tournaments, or doing other activities that support earning.
While there are many projects available, KangaMoon has showcased significant price performance in an upwards direction and its native KANG token has a lot of utility and value. Alongside it, Immutable, FLOKI, Yield Guild Games and Enjin Coin have also performed well.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
