There has been a meteoric rise in the gaming industry powered by blockchain technology in the past few months. In 2022, blockchain games were all the rage since their popularity doubled the previous year, giving gaming crypto coins a chance to shine this year.
Approximately $480 million was funded by blockchain gaming businesses during the first half of 2021, when the market was at its highest. Play-to-earn crypto games continue to attract a large audience far beyond 2022.
The video game market and the cryptocurrency industry are fascinating in the gaming crypto sector. The finest gaming cryptocurrencies, where to get them, and why you should invest in them are all discussed in this article.
Best Gaming Crypto Coins of 2024 – At a Glance
- Shiba Shootout – P2E Game With an Exciting Wild-West Theme
- Tamadoge – A Doge-Themed Gaming Crypto Coin
- Axie Infinity – Buy and Battle Axis With This Gaming Crypto Coin
- The Sandbox – Leading Gaming Crypto Coin of the Last Year
- ApeCoin – A Gaming Crypto Coin Fueling the Bored Ape Yacht Club Ecosystem
- Decentraland – A Leading Gaming Crypto Coin Focusing On Social Interactions within Metaverse
Which Are The Top Gaming Crypto Coins In 2024?
Following are the top crypto gaming coins that have taken the world of crypto by storm in 2024:
Shiba Shootout – P2E Game With an Exciting Wild-West Theme
Shiba Shootout is not just another memecoin; it’s a project that blends entertainment with utility, notably through its upcoming Play-to-Earn (P2E) game set in the vibrant Wild West town of Shiba Gulch. This innovative game promises to immerse players in a digital frontier where they can interact with characters like Marshal Shiba and participate in various challenges and quests.
The integration of a P2E game adds a dynamic layer to the Shiba Shootout ecosystem. Players will have the opportunity to earn tokens and rewards by engaging in gameplay, thereby enhancing user participation and driving community growth. This gamified approach not only attracts gaming enthusiasts but also expands the project’s reach beyond traditional crypto investors.
Anticipation is high as Shiba Shootout prepares for the game’s launch on platforms like PlayStore and Apple Store. This move is expected to significantly increase visibility and accessibility, potentially attracting a broader audience of gamers and investors alike. The success of the game launch could serve as a catalyst for increased token demand and value appreciation in the weeks following its release.
In addition to the game, Shiba Shootout continues to bolster its appeal through robust utilities such as Token Governance Roundups, Posse Rewards, and staking mechanisms, all designed to foster community engagement and long-term token holder incentives.
Due to these factors, Michael Wrubel has called it the next potential 100x gem of this year.
The imminent game launch marks a pivotal moment for the project, paving the way for future milestones and potential market success. Investors and gaming enthusiasts alike are eagerly awaiting the next chapter in Shiba Shootout’s journey.
Tamadoge – A Doge-Themed Gaming Crypto Coin
The Tamaverse is a P2E environment that uses tradable NFT protocols to enable users to monetize their gaming activities, and the native cryptocurrency of this ecosystem is the Tamadoge token (TAMA).
Tamadoge pets, such as virtual dog-like avatars, may be purchased using TAMA, one of the main crypto gaming coins. These creatures are used in community-wide tournaments, with the winners receiving TAMA as a prize.
During the presale, 50% of the entire quantity of TAMA was released out of the total 2 billion coins. A successful 8-week presale period helped Tamadoge raise $19 million, making it one of the top crypto projects of 2022.
Throughout the next several years, the Tamadoge team will implement several different P2E ecosystems, as they are committed to constant growth and development. The platform plans to offer an AR Tamadoge app in 2023 with the same P2E characteristics as the web-based system.
In 2024, Tamadoge will also launch an arcade-style game with P2E gameplay, with the highest scorers receiving real-world Tamadoge prizes.
The OKX decentralized exchange now allows users to purchase Tamadoge without registering. In 2022, Tamadoge may be one of the most rapidly expanding cryptocurrencies due to the growth in trade volumes brought about by new exchange listings.
These gaming crypto tokens may be purchased for $0.02 USD at markets like OKX, MEXC, BitGet, XT.COM, and BitMart.
Axie Infinity – Buy and Battle Axis With This Gaming Crypto Coin
It’s no exaggeration to say that Axie Infinity is one of the most exciting new developments in cryptocurrency gaming. It’s a multiplayer trade and fighting game built on the blockchain, and the users hold a stake in it.
Axie Infinity has hundreds of possible bodily parts, but only six are theirs. This results in an almost infinite variety of Axies, with most having relatively poor statistics and the strongest having extraordinary numbers due to a particularly potent combination of body parts.
Each Axie may only be bred up to seven times, a restriction that helps keep the Axie population under control, unlike in other blockchain-based combat and breeding games.
For the highest chance of having a rare or strong progeny, users of Axie Infinity can use the game’s dedicated mating hub to choose a compatible mate for their Axie.
Soon, AXS token owners can wager their tokens to earn periodic payouts. While holders of other stakeable assets may vote or participate in a game to receive rewards, AXS holders must do both.
The Axie platform was among the first to allow players to gamble for real money (P2E). As an incentive for using the network, users are given AXS tokens, which can be acquired for $6.9 USD on major exchanges like as Binance, FTX, Bithumb, KuCoin, Gate.io, Huobi Global, Coinbase, and Kraken.
Your capital is at risk.
The Sandbox – Leading Gaming Crypto Coin of the Last Year
The Sandbox, released in 2011, is a virtual environment powered by the blockchain that lets players develop their own virtual goods and trade them with other players.
The Sandbox is a decentralized platform for a robust gaming community powered by the combined forces of decentralized autonomous organizations (DAOs) and non-fungible tokens (NFTs).
The primary goal of the Sandbox platform is to implement blockchain technology in commercial gaming effectively. Users may engage in creative and gaming activities on the same platform since its primary goal is to facilitate a play-to-earn paradigm for content creation. The Sandbox leverages blockchain technology via the SAND utility token, which enables on-platform transactions.
The Sandbox is groundbreaking because it is the first platform to bring blockchain technology into the game industry. In 2011, Pixowl saw the potential of the gaming industry as a vast, unexplored market for implementing blockchain technology.
The Sandbox seeks to disrupt the market by providing a setting for players to generate and collect blockchain-based assets. It carves out a certain section of the international gaming market.
The Sandbox encourages the creation of user-generated content, which generates an active Metaverse of participants who help shape the platform’s future.
The Sandbox encourages decentralized governance and facilitates public feedback on project progress via the SAND coin. As blockchain technology develops, decentralized governance is becoming increasingly important for every enterprise to consider.
From its inception, the firm enjoyed widespread public and financial backing from prominent figures in the video game industry. The likes of Atari, Helix, and CryptoKitties are among these.
For its current price of $0.51, this coin is listed on several exchanges like Binance, Uniswap, Gate.io, and many more. We also reviewed The Sandbox on our list of the best NFT games.
Your capital is at risk.
ApeCoin – A Gaming Crypto Coin Fueling the Bored Ape Yacht Club Ecosystem
For the APE Ecosystem, ApeCoin is a governance and utility token that runs on the ERC-20 standard and is designed to foster and reward the growth of a decentralized community at the cutting edge of web3.
Members of the ApeCoin community vote on how well the ApeCoin DAO Ecosystem Fund must be spent via the decentralized governance structure that manages the ApeCoin DAO. ApeCoin holders may trust the APE Foundation to manage any suggestions they’ve made.
ApeCoin is the governance token of the APE Ecosystem, entitling token holders to take part in the ApeCoin DAO and providing token holders with a common and transparent token that may be utilized without the need for a trusted third party. The Ecosystem Fund, which will fund community-driven activities as voted on by ApeCoin DAO members, received 62% of all ApeCoin’s.
Additionally, ApeCoin grants usage of premium features of the Ecosystem, such as premium games and services that would normally be inaccessible. Integrating ApeCoin into their own services, games, or other projects allows outside developers to participate in the ecosystem.
Yuga Labs, the studio behind Bored Ape Yacht Club, donated a one-of-one NFT to the APE Foundation. Yuga Labs has transferred to the APE Foundation ownership of the NFT and any artwork it incorporates. Participants in the ApeCoin DAO get to vote on whether or not to utilize this IP.
APE coin can be purchased on several exchanges for $3.5. These exchanges range from decentralized markets like SushiSwap to the best-known centralized markets.
Your capital is at risk.
Decentraland – A Leading Gaming Crypto Coin Focusing On Social Interactions within Metaverse
For those interested in creating, distributing, and monetizing their own virtual reality content, Decentraland is a 3D platform that facilitates these activities. The website serves as a venue for artists, entrepreneurs, and anyone searching for creative inspiration.
Decentraland’s native token, MANA, is based on the MANA blockchain. This digital currency is essential to the platform’s functionality and is utilized for all financial dealings. Purchases of LAND, participation in policy decisions about LAND, and the accrual of incentives are all examples of such dealings.
Regarding blockchain-based video game initiatives, Decentraland is at the top of the list. The platform, including LAND auctions and content restrictions, is in the hands of MANA holders.
Several gatherings in the Decentraland Metaverse have attracted gamers interested in learning more about the virtual reality platform. The price of gaming-focused cryptocurrencies like MANA rises whenever their use cases expand.
Priced at $0.48 per token, the asset is listed on major trading platforms, including Binance, CoinW, BTCEX, Bitrue, Deepcoin, and more.
Your capital is at risk.
More on Crypto Gaming
The term “crypto gaming” refers to a specific subgenre of online gaming in which digital currencies are used as the only means of payment.
This may be a great choice if you’re a gamer who’d like to utilize cryptocurrency but would rather not deal with the fees and commissions of conventional online gaming sites. Additionally, crypto gaming can provide players more anonymity and safety than traditional platforms.
Both players and creators are on the same team, and neither can influence the game’s outcome. Most crypto games are also completely transparent so that anyone may examine them. If the gaming community is unhappy with a patch, the creators can always divide the game and release several versions.
In the case of crypto games, items like weapons and skins are not stored in a single location. Rather, you may win or earn them by participating in crypto-related games.
Therefore, you may trade these items with other players or keep them after quitting the game. In addition, these virtual items in games typically take the form of NFTs or non-fungible tokens.
Check out our list of the best P2E gaming NFTs.
What Are The Pros And Cons of P2E Crypto Gaming?
Now that you have a fair idea of how crypto gaming works, the following are some of the pros and cons of crypto games that pay out players in cryptocurrency:
Pros
- Who could be against getting paid to do something they enjoy doing? Passive cryptocurrency income is real, and this is how to do it.
- New developments in the gaming industry are being inspired by peer-to-peer crypto gaming. P2E games, when combined with VR and AR, might open the way for a slew of massive, ground-breaking new endeavors.
- Another factor contributing to the expansion of the crypto gaming industry is the fact that it benefits everyone involved. Such games’ free-to-play (P2E) business strategy provides monetary incentives to players and allows creators to diversify their income streams within a growing P2E ecosystem.
- One of the more visible aspects of the blockchain and cryptocurrency sector as a whole has been crypto gaming. These games contribute to the spread of blockchain and cryptocurrency because of their increasing popularity.
Cons
- While some low-key crypto games are out now, most top-tier P2E titles have a steep learning curve. Players of Axie Infinity, for example, must first purchase three Axie NFTs. Each Axie was once worth as much as $340, but the prolonged bear market has driven that price down to a far more reasonable level.
- There are several ways in which your P2E gaming revenue might be stolen or lost in the lack of appropriate precautions. You may lose your tokens in many ways, including sending them to the wrong people, falling for a scam, or stealing them from hackers.
- Compared to popular traditional games, most P2E games fall short in creativity and participation. Nevertheless, the quality of crypto games is generally rising, and these problems will certainly disappear in the not-too-distant future.
- There is a risk that money invested in pay-to-play games may not generate a return, but this is true of any investment. Those who play casino games or other games of chance may put their finances at risk by betting more money than they can afford in the hopes of winning bigger payouts.
Conclusion
Cryptocurrency gaming currencies were developed to standardize the acquisition of virtual goods, speed up buying and selling them, and provide a safe and reliable means of rewarding players. TAMA, AXS, and MANA are the greatest gaming-focused cryptocurrencies available today.
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FAQs
Which gaming crypto will explode this year?
This year, keep an eye on Memebe Token, as it might become the next cryptocurrency to explode once it lands on centralized exchanges.
What are some crypto gaming coins?
Multiple cryptocurrency-based gaming sites provide blockchain-based currencies for use in in-game purchases. Many other crypto gaming currencies such as DICE, TAMA, and many more are available.
What is the best gaming cryptocurrency?
Shiba Shootout is the best token to get behind right now, thanks to its theme.
What is the best high risk crypto?
Today, Dogecoin and ApeCoin stand out as three cryptocurrencies with a high risk but potentially huge reward. All of them have potentially tremendous payoffs, but also substantial downsides.
How do I get crypto gaming coins?
eToro, one of the greatest cryptocurrency platforms, allows its users to purchase some of the finest gaming currencies available. eToro cryptocurrency trading fees, including the bid/ask spread, are a low 1%. TAMA, MANA, SAND, and many other gaming currencies are also accepted on the site.
