New games are popping out constantly, and thus, the number of tokens supporting them is increasing, too. However, not all of them are worth attention in the long term, and some of them are better to avoid at all. What are the best cryptocurrencies for games to pay attention to? As usual, we check by the market capitalization.
The leaders are ApeCoin, the Sandbox, Decentraland, Axie Infinity, and Immutable.
Further, the Render Token, Enjin Coin, FLOKI, Gala, and MAGIC follow.
ApeCoin
ApeCoin is a government and utility token used in the Ape Ecosystem. It empowers and incentivizes the decentralized community that, in turn, decides on the further development of the Ape Ecosystem.
In the metaverse that Yuga Labs is working on, ApeCoin is going to be used for internal purposes such as purchasing in-game items, paying for goods and services, etc.
The Sandbox
The Sandbox is a blockchain-based virtual world where users can do whatever they do in their real lives: build, study, work, socialize, etc. This virtual world is powered by SAND - a utility token that facilitates transactions on the platform. Since its launch, the project used to take the leading places in ratings of similar venues, and this time, it is not an exception.
Decentraland
Decentraland is another virtual world created on the Ethereum blockchain. It allows users to create, distribute, and monetize their own applications. Land plots in Decentraland are a valuable resource that enables users to benefit from constructing there and developing their infrastructure, and do whatever they want.
This virtual world is powered by two tokens: MANA and LAND. MANA is burnt every time a user purchases LAND which is a non-fungible token. Both tokens are worth attention for investing for both long- and short time.
Axie Infinity
Even though Axie Infinity is little by little losing its leading positions, the game still takes top places in ratings. It is connected with the fact that the game developers do their best to move the game to the top again. New features are introduced constantly, and it makes us hope that Axie Infinity will advance.
Axie Infinity is powered by two tokens: AXS and SLP. The first one is a governance token that allows users to vote on further game development. SLP are ERC-20 tokens used as experience points to breed new Axies. Both of them are worth attention in both the long- and short-term.
Immutable
Immutable is not a game but a comprehensive and super-efficient layer-two solution for NFTs on the Ethereum blockchain. Immutable is working on powering the world of Web3 games by making it accessible, fast, and highly scalable. Zero gas fees, rapid transactions, anonymity and security lay the foundation for further ecosystem development. So, investing in IMX which is a native token of the solution is the first thing to consider if one counts on the best ROI.
The Render Token
The Render Network provides decentralized GPU based rendering solutions. It is expected to move the metaverse development to a new qualitatively higher level with its efficient, powerful, and widely-scalable rendering network. The RNDR token powers this ecosystem by providing an efficient way to reward users who provide their GPU power for the network’ needs.
Enjin Coin
The Enjin ecosystem is working on the provision of interconnected blockchain-based gaming products. The network is a social gaming platform where users can create their own websites, host virtual events, and do many more things. The ENJ coin represents a lucrative investment for those who aim at long-term benefits.
FLOKI
Unlike the majority of meme coins, FLOKI is working on a comprehensive ecosystem that is going to include a metaverse, a set of decentralized finance products, an NFT and merchandize marketplace, and even a content and education platform. With such ambitions, FLOKI may not just become a DOGE killer but can climb to the very top of our rating in the nearest future.
Gala
The GALA token powers an ecosystem created by the leading developers to benefit from Web3 and blockchain-based solutions. GALA is working on a huge platform to host AAA games and aims to give players more freedom and control over their gaming activities.
MAGIC
MAGIC is a utility token that serves the community in the Treasure Metaverse. It is a cross-game token that connects games, metaverses, and players, all within Web3. It also acts as a reserve currency of the Metaverse.
Conclusion
As you can see, not all the best tokens for gaming actually are those that are used in games. Do not forget that this is not financial advice and always perform your own research before investing in any crypto asset.