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The latest video on the 99bitcoins YouTube channel discusses gaming coins, which are emerging as one of the biggest crypto trends of 2024.
These coins have gained popularity in the crypto market due to the increasing popularity of gaming and play-to-earn models.
Considering the gaming market’s huge $31.7 billion market cap and $2.4 billion trading volume in the last day, it’s no surprise that investors are looking into gaming tokens for their investment portfolios.
But the real question is, which gaming coins stand out as the best choices for this year? Let’s explore the top five gaming cryptocurrencies with notable potential for growth.
Gala (GALA)
Gala kicks off our list, and it’s a standout for a good reason. It gained massive popularity during the last bull market, grabbing attention across the crypto world. Gala isn’t just about gaming; it also targets the music and film industries, offering a wide range of uses.
Gala (GALA) serves as a utility token empowering the Gala Games ecosystem, a Play-to-Earn (P2E) platform featuring various P2E games. GALA is used to purchase NFTs within the Gala Shop.
The collaboration with big names like NBA YoungBoy and innovative projects such as the Gala hackathon showcase its dedication to transforming the gaming scene. Keep an eye on Gala as it continues to grow its influence and functionality.
Furthermore, Gala’s price surged by 42.9% in the past year and shot up by 33.1% in just the past month. In terms of weekly performance, Gala’s price climbed from $0.051 to $0.057. According to Gala’s price prediction, it could reach $0.0886 by the end of 2024.
FLOKI (FLOKI)
While some view FLOKI as just a meme coin, it’s actually become a significant player in the gaming industry. With its mobile app set to launch soon, FLOKI is ready to shake up the play-to-earn scene.
The company plans to release a mobile version of its top utility game “Valhalla” later this year. This announcement was made on its official account on the social media platform X, stating that both Android and iOS users can access the app.
Aggressive marketing efforts and a dedicated community make FLOKI an attractive investment opportunity. Currently, the FLOKI token has seen a 17% correction in the past week, following the overall market trend.
This brings its trading price to $0.00022. Despite this dip, FLOKI has seen an impressive year-to-date gain of 440%, pushing its market capitalization to $2 billion and securing its spot as the 58th largest cryptocurrency.
Dogecoin20 (DOGE20)
Now turning to Dogecoin20, it offers a fresh take on the classic Dogecoin, boasting features like reduced inflation and easy staking. With its launch on Doge Day approaching, investors have a chance to secure presale prices. For comprehensive instructions on how to buy $DOGE20, please refer to our detailed guide.
For those who missed out on the #Presale, we're offering one final opportunity to participate before the launch with our 'Last Chance To Buy' stage. 💡
Why April 20th? It's more than just a date; it's a celebration of Doge culture and community.
— Dogecoin20 (@DOGE_COIN20) March 26, 2024
The project brings in a new staking system using Ethereum smart contracts. This “good boy staking” feature lets users earn money without much effort in a safe and simple way. One standout feature is Dogecoin20’s fixed supply model, which is different from the endless supply of its namesake, Dogecoin.
Beyond its features, DOGE20 aims to provide earning opportunities through its Play-to-Earn model. With a rapidly growing community and widespread anticipation, DOGE20 is one to keep an eye on in the gaming cryptocurrency realm.
The Sandbox (SAND)
The Sandbox is another top crypto game, known for its focus on digital land. It offers a 3D virtual world where users can create, explore, and profit from their gaming experiences using non-fungible tokens known as LAND (NFTs) and SAND (cryptocurrency).
The Sandbox stands out not only for its strong performance during the previous bull market but also for its success in the NFT market. With a market cap of $1.3 billion, The Sandbox enables users to create, own, and earn from virtual land, fostering a lively virtual world.
With a bullish momentum projected and a history of celebrity endorsements, The Sandbox has the potential for significant growth as NFTs become more prominent in the market.
Looking at its recent performance, the SAND price has dropped by 6% on the monthly chart and by 12.1% on the weekly chart. During this period, the crypto dropped from $0.67 to $0.61. According to The Sandbox price prediction, it could reach $1.04 by the end of 2024.
Axie Infinity (AXS)
Axie Infinity is fourth on our list of the most sought-after play-to-earn games in the crypto world. At its heart are the Axies, which are unique NFTs that cannot be duplicated. Axie Infinity operates with two metaverse tokens: Axie Infinity Shards (AXS) and Smooth Love Potion (SLP).
AXS serves as a governance token and can also be staked by users to earn rewards. On the other hand, SLP is obtained through gameplay and by participating in events within the Axie Infinity ecosystem.
Various uses of the SLP token include breeding Axies, engaging in multiplayer battles, and receiving rewards for victories and in-game achievements. Currently, Axie Infinity stands as the most popular play-to-earn game.
The live price of Axie Infinity stands at $9.83, reflecting a 3% increase in the past 24 hours, with a market cap of 1.4 billion and a 24-hour trading volume of 60 million. Forecasts indicate that the price of AXS could potentially reach as high as $18.12 by the end of 2024.
Looking further into the future, Axie Infinity holds the potential for significant growth, possibly reaching as high as $55.86 by 2030.
Decentraland (MANA)
Decentraland (MANA) completes our list as one of the most sought-after play-to-earn games in the crypto world. Decentraland (MANA) offers its own 3D digital environment with blockchain games and social features.
It’s user-owned, running on the Ethereum blockchain, and allows users to join a shared digital world. Here, they can play games, trade collectibles, and buy, sell, or exchange digital properties or wearables as NFTs. In the past month, the price of Decentraland has surged by 12%, showing potential for further growth.
Additionally, over the past week, Decentraland has ranged from a low of $0.5559 to a high of $0.68. As a result, there’s a positive outlook for its future, and according to forecasts, Decentraland’s price could reach $6.07 by the end of 2024.
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