Blockchain-based gaming is a fast-growing industry that provides players with a new way to own, trade, and sell in-game assets. It has enabled the intersection of gaming and cryptocurrency, resulting in innovative ways to enhance user experience and open opportunities for gamers to earn actual value while playing. In this article, we will explore some of the top gaming crypto coins that have the most promising investment potential.
The Sandbox (SAND) launched in 2011, is a blockchain-based virtual gaming platform that allows users to build, create, and trade digital assets in a game form. It combines DAO and NFTs to create a decentralized ecosystem. SAND has tangible applications within the Sandbox ecosystem, including facilitating transactions. On August 24, the Sandbox announced Alpha season 3, offering more ways to interact with NFTs. At the time of writing, SAND is trading at $0.3297.
Decentraland (MANA) is an Ethereum-derived virtual reality ecosystem, allowing users to generate, engage with, and profit from various content and applications. Users can purchase parcels of land, as well as in-game items and services including NFTs with its native token MANA. MANA has been in a downtrend since February and is currently trading at $0.3106.
Axie Infinity (AXS) launched by Sky Mavis in 2018, is known for its groundbreaking P2E (Play-to-earn) model. Axie is a digital pet universe based on NFTs, where players collect, nurture, and trade unique creatures supported by blockchain technology. The commencement of the Mystic Era season 5 has revitalized the popularity of Axie Infinity. AXS is currently trading at $4.956 with an overall market capitalization of $665.37 million.
Enjin Coin (ENJ) is an Enjin project offering a network of interconnected blockchain gaming tools. It enables game developers to tokenize in-game items on the Ethereum blockchain via its ENJ coin. ENJ has decreased by 2.57%, reaching a trading value of $0.249. Despite the minor setbacks, the support of Enjin remains resolute and underrated.
Chiliz (CHZ) is the leading digital currency for sports and entertainment by the Malta-based FinTech provider. It operates the blockchain-based sports entertainment platform Socios, which allows users to participate in the governance of their favorite sports brands. CHZ is currently priced at $0.0633 with an overall market cap of $431.68 million. Market experts anticipate that its price could potentially reach $0.107 by year-end.