Top 10 Gaming Altcoins To Buy This Bull Run
The post Top 10 Gaming Altcoins To Buy This Bull Run appeared first on Coinpedia Fintech News
As we all know, gaming space has leveled up over time. After blockchain technology stepped into the gaming realm, it is on a new high! Digital coins are gaining the limelight by reshaping everything from in-game assets to economies and governance systems. This report by Coinpedia highlights the ten potential gaming tokens that will do wonders in the upcoming bull run. Let us dive in and explore!
What are Gaming Altcoins?
Gaming altcoins are the currencies specifically designed for use within video game or gaming ecosystems. They serve purposes like enabling in-game purchases, rewards for players, and facilitating transactions between players and developers. The altcoins utilize blockchain technology to provide security, transparency, and decentralization in the gaming economies. In simple words, they are like digital tokens one can earn or spend while playing games, offering benefits within the gaming arena.
We have compiled a list of top ten gaming altcoins to score profits in 2024! Let us explore it further.
Top 10 Gaming Altcoins To Look Out For
Axie Infinity:
This Pokemon inspired platform is the one that should top the list for a few definite reasons. It lets the players buy, trade, and battle creatures called Axies. The Axies are non-fungible tokens and one needs to buy a minimum of three to start playing. The game became a favourite among people in 2021 as the players could earn AXS tokens for playing. Some of them reported earning hundreds to thousands of dollars worth of crypto per month! Isn’t it unreal?
More than 75% of active monthly users play Axie Infinity every day, so it is good at keeping people coming back. The current price of the AXS token is $8.64 and the market has bullish sentiments about the coin. It has a score of 79, that is, extreme greed on the Fear and Greed index. We totally recommend this gaming altcoin for your basket in 2024.
Sandbox
The Sandbox is a decentralized space where players create their own 3D game worlds using visual scripting tools. Yes, you read it right! The games require no coding knowledge! Players have the privilege to make games and store assets on LAND (digital real estate). SAND tokens power the Sandbox ecosystem.
Presently, Sandbox has amassed a large list of partnerships that could help it with its user base. Celebs like Snoop Dogg and Deadmau5 are actively involved with Sandbox too. We are optimistic about its performance in 2024.
It is currently priced at $0.55 with 72 (greed) on the fear and Greed index!
Bitcoin Dogs
The native token, $0DOG is going to launch as the first-ever ICO on the Bitcoin blockchain. The Bitcoin Ordinal technology empowers the token. It is an amalgamation of memecoins, NFTs and Ordinals , where the project aims to go where no one has gone before. It keys into strong crypto narratives like BRC-20 and Bitcoin halving, which is the next big thing of 2024. Higher volumes combined with a halving event in April 2024 could catalyze growth for the token.
Bitcoin’s continuing bull market strength sees this project as one of the top gaming altcoins to buy in 2024. The presale has ridden the bullish outlook to storm over $4.8 million in less than two weeks. The price has shifted from $0.015 to $0.0251 and will soon hit $0.0404. The project is going to dominate the GameFi and NFT space on Bitcoin, as per the experts.
Metacade
It is not a traditional game but a hub that connects gamers, builders, creatives and other stakeholders in the Web3 crypto gaming arena. It just completed its presale and won hearts during the same.
With Metacade, gamers can witness a platform integrated with play-to-earn games. Players can access all the games from one hub at one time. Metacade integrates GameFi and helps players devise strategies for optimizing earnings while enjoying gameplay. MCADE, the native token, is rewarded once you play and win in the ecosystem.
Having Metacade in your wallet might help you earn huge profits in the 2024 bull run.
Decentraland
Decentraland is built on the Ethereum blockchain and boasts a decentralized metaverse that is built, owned, and governed by its users. Similar to other gaming platforms, it offers plots called LAND that players can buy and use. It offers freedom to players! LAND can be used for games, artwork, activities, and much more. MANA, the native token, is used for in-game transactions like buying LAND.
The token is trading between the range of $0.486 and $0.516 in February for a brief period. The growing adoption of Decentraland could push the token to its potential high of $1.31 by the end of this year. The market is all bullish about this renowned gaming altcoin.
Enjin
It is a blockchain-based platform that allows developers to create, manage and trade virtual goods. It gives the tools to develop games, applications and websites that use blockchain technology which includes NFTs and the Enjin token (ENJ).
We chose ENJ as the platform allows users to own unique digital assets secured and traded on the Ethereum blockchain. The assets can include in-game items, and other virtual goods that have real-world value. They can be bought, sold, and traded on marketplaces. The current price of ENJ is $0.416 with a 79 score (extreme greed) on the Fear and Greed index.
My Neighbor Alice
It is an upcoming multiplayer farm and builder game. Here, people can buy land spread around six islands, farm it, and buy animals from its marketplace. Its design could take you back to the Animal Crossing Series, where the character Alice serves as an “in-game friend”. It is beginner friendly and the ALICE token is the in-game currency.
Token holders can stake crypto and earn rewards. It has a market capitalization of $51 million. It can hit $6.79 in 2024 and has gone up by 58.41% in the last 30 days. The market has bullish sentiments for the coin, hence we recommend it for your 2024 basket.
Illuvium
Illuvium is a play-to-earn Metaverse blockchain-based gaming experience that deserves to be on the list. It has attractive graphics, gameplay and mechanics. It follows humans lost on an alien planet who discovered beasts with special powers called Illuvials.
Illuvium offers various experiences for different types of players. It has a maximum supply of 10 million tokens, 7.4 million of which are in existence and 2 million in circulation.
Experts predict 2024 and 2025 to be the growth years for ILV token. It is currently priced at $127.98 with a market cap of $482.17 million. It can reach a high of $1057.21 in 2025. We mark it as one of the best fits of the 2024 bull run.
Ape Coin
ApeCoin is the token that has a metaverse called Otherside and the ApeCoin DAO, whose members vote on proposals that affect Yuga Lab’s ecosystem. While Otherside is not out in the market yet, Yuga Lab is already working with huge giants like Gucci to include their signature pieces in the metaverse. It could surely be the next big thing we are rooting for! APE powers the entire Yugaverse which has premium NFTs like Bored Ape Yacht Club and many more. We expect the ecosystem to create enough demand to keep the prices elevated in 2024.
Ape Coin has surged 8% in the last week of February and it is currently trading at $1.96. The token is now 21% higher than it was at the start of the year, attracting attention from investors. ApeCoin’s bull run aligned with a recent price prediction by experts like James. Among the whales, a large number of APE wallets holding 1 million tokens have recently accumulated more of the supply, suggesting their confidence in the coin’s long-term trajectory!
LOKA
League of Kingdoms is an Ethereum-based blockchain game that allows players to own NFTs. they can be land, characters, and other assets. LOKA is expected to do well in 2024 as there are so many possibilities attached to one coin! Let us consider it as being built with internal diversification. The ability to play numerous game styles increases the likelihood of having a winner.
LOKA is priced at $0.302 currently with a score of 72( greed) in the Fear and greed index. It is expected to reach $0.7154 by the year 2025. So what is stopping you from having this star token in your pocket?
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