Home Cryptocurrency Top 5 Gaming Altcoins To Buy In 2023 – Profitable To Invest In

Top 5 Gaming Altcoins To Buy In 2023 – Profitable To Invest In

by edward

With the development of Web3 via blockchain technology in the last few years, we have witnessed a growth in the number of crypto gaming altcoins. As many metaverse gaming crypto projects allow players to monetize their experience, investors are looking for the best GameFi crypto tokens to trade, or possibly hold for the long term. Anyone of these could get you that juicy 100x to 1000x return, but please be aware none of this is financial advice and just our opinion.


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1. Axie Infinity


Axie Infinity is a popular play-to-earn game with tradable NFT characters and different virtual currencies. On Axie Infinity, players engage with virtual pets – known as Axies. Minted as NFTs, players can purchase any of the 700,000 + Axis available on the platform. According to the Axie Infinity website, the most expensive Axie was sold for $820,000. Another GameFi collection token on the platform is LAND – which represents a virtual plot of territory which can be purchased. Axie Infinity has two main virtual currencies – AXS (Axie Infinity Shard) and SLP (Smooth Love Portion). The SLP tokens represent the in-game tokens that can be earned through gameplay. AXS is the governance token, giving platform members the decision-making power to maintain the platform. AXS is also distributed to the top 300,000 ranked performers in the arena format. With over 2.8 million active players, Axie Infinity has experienced a trading volume in excess of $3.6 billion on its in-house marketplace. Bottom line, you should definitely take a look at this one.


2. The Sandbox


Second, we have The Sandbox. Sandbox is a metaverse game based on the Ethereum network. The platform offers various NFT-based protocols that function in this virtual environment through SAND – the native cryptocurrency. SAND is an ERC-20 token which powers the ecosystem and settles transactions. Players can leverage SAND to buy, sell and trade ASSETS – 3D objects representing different virtual avatars, including people, animals and tools on Sandbox. ASSETS are created using ERC-115 smart contracts and can be accessed on Sandbox’s marketplace. Notably, ASSETS can comprise non-fungible as well as fungible assets.


3. Apecoin


Next we have apecoin. apecoin. NFTs continue gaining traction among investors despite the massive price volatility in the last year. This makes ApeCoin a high-potential altcoin today, thanks to its connection to popular NFTs in the market. This ERC-20 token is closely linked to a collection of NFTs called the Bored Ape Yacht Club, or BAYC. These NFTs have garnered incredible attention from top celebrities and have become highly sought after among crypto enthusiasts as some of the best NFTs available today.

The hype around BAYC NFTs is not unfounded. The BAYC collection includes eye-catching artwork, impressive collectability, and incredible value since each NFT is hundreds of thousands of dollars, with some running into millions. Given all this hype around ApeCoin and BAYC, it’s no wonder it was one of the most anticipated releases when it was first launched earlier this year. ApeCoin is also gaining use cases in the fast-growing Metaverse space. While ApeCoin was not created by Yuga Labs, the organization behind BAYC, its popularity has seen Yuga Labs integrate it into its Otherside Metaverse. Although this virtual world is still in its development stages, ApeCoin plays an essential role within the framework of Otherside. Not only can it be used to buy in-app items and make in-game purchases, but it can also be exchanged for other currencies from Otherside itself or third-party applications that integrate with it. Beyond its core use case within the virtual world of Otherside, however, ApeCoin has also been adopted by several games aimed at mass audiences. Thus far, this use case has helped to increase the utility and popularity of APE among users and investors.


4. Enjin Coin


Fourth, we have good old enjin coin. First up we’ve got good old enjin coin. Enjin is a software that gives developers the ability to create and manage virtual goods on the Ether blockchain. The idea is that by using blockchain technology to manage in-game items across many different properties, Enjin can help reduce the high fees and fraud that have plagued the transfer of virtual in-game goods and collectables. Toward that goal, Enjin has released software development kits (SDKs) allowing users to both create digital assets on Ether and integrate them into games and apps. Each minted asset is customizable to fit the desired platform and recorded in a smart contract, giving the items the advantages of cryptocurrency, namely speed, cost and security. Central to managing the digital assets on its platform is ENJ, Enjin’s cryptocurrency, and each in-game item created on Enjin is assigned a value in ENJ. Bottom line the potential this coin has is massive, and I’d recommend checking out there nft platform it’s very cool and still in its beginning stages. Enjin is easily a coin that could get over the 10 billion market cap and one you should not sleep on.


5. Star Atlas


And last we have star atlas. Fourth is star atlas. This is going to be our risk it for the biscuit coin but the return on this one could be massive. Star Atlas is a blockchain-based, space-themed, grand strategy video game built on the Solana blockchain. It is a massive multiplayer metaverse set in the distant future, in the year 2,620. The gaming platform explores some of the recent technological breakthroughs by using Unreal Engine 5’s Nanite to create cinematic quality video games and visual experiences.  Players on the Star Atlas metaverse can trade, obtain and create non-fungible tokens (NFTs) within the Star Atlas universe thus enjoying an economy that reflects the tangibility, ownership, and value of real-world assets.  Star Atlas is built on the Solana blockchain and, therefore, stands to benefit from the network’s transactional through put that supports an extremely high 50,000 TPS (transaction per second).  Solana is touted as one of the fastest, most secure, and censorship resistant blockchain networks providing an open infrastructure from which decentralized applications can be built. Solana also features affordable transaction fees averaging way less than a penny per transaction. Even though this is another project in its beginning stages it’s extremely cool and could be huge!


6. Gala Games

And a bonus gaming crypto you should also take a look at is gala games. Gala Games is a blockchain-based gaming platform that incentivizes players to participate in games that they will actually want to play. Participants can earn in-game rewards on the platform such as non-fungible tokens and cryptocurrencies. Currently, Gala hosts one playable game – Town Star, along with an NFT collection – VOX. In the future, the platform plans to launch a fantasy RPG game, a tower defense game and a sci-fi strategy game. Gala Games incentivizes and rewards players with GALA token – the native token of the platform. Built on the Ethereum blockchain, GALA has partnered with the Polygon network to provide investors and developers lower gas fees and faster transaction times.


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Anyways we hope you guys enjoyed this list of gaming cryptos that can possibly give you that juicy 100-1000x return. If you’d like to see even more great coins click here.


 

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