Gaming is a billion-dollar market and it’s about time Play-To-Earn crypto games dominate the industry that has been perpetually growing for decades.
Play-To-Earn crypto games allow players to earn rewards by completing tasks, conducting battles, trading in-game characters and so on. These rewards have a tangible real-world value and are usually offered in the form of tokens. Every game has its unique token that grows in value relative to the growth of the game and the people who play it.
Today, we’ll take a look at 5 such tokens, many mainstream, that are expected to rise in the future.
Note that blockchain-powered gaming is relatively new and investing in the big players in no way compromises your expected returns. You can earn great returns on your investments while keeping yourself away from extreme investment risks.
These 5 Play-to-Earn Crypto Tokens May Rise in Future
1. The Sandbox
The Sandbox is a virtual world allowing players to build, own and monetize in the game by leveraging their gaming experience. Users can buy and sell assets in the form of games and earn rewards accordingly. The platform was first launched in 2012 by PixOwl.
It combines blockchain technology, along with NFTs, DeFi and is also a 3D metaverse. With the digital tools provided by the platform, users can customize their games and digital assets. Which they can later monetize as NFTs and sell on the Sandbox Marketplace.
Users will be paid for these sales with SAND tokens, which is the native token of the platform. The token can also be earned by playing games and participating in contests and is used for most transactions inside the game. Currently, the token is trading at $1.21 with a market cap of over $1.5B.
In Nov 2021, the token touched its all-time high at $8.44 and has been showing a bearish trend ever since. Which is a result of the crypto bloodbath for the most part. On a fundamental level, the token is really strong and has been performing well since its inception.
If you wish to invest in a token that shows a promising future and isn’t prone to extreme risk, SAND would be a great choice.
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2. Decentraland
Decentraland is a shared digital world enabling users to earn money by interacting and being part of the virtual ecosystem. Users can earn rewards by buying and selling digital properties, playing games, socializing and interacting with the ecosystem.
It was founded in 2015 and launched a couple of years after in 2017, where it initially functioned as a proof-of-concept allocating ownership of digital land to blockchain users. The platform now functions as mainly a marketplace where users can trade digital assets including digital real estate. The native token of Decentraland, MANA, can be used to make these purchases.
Currently, the MANA token is number 1 when it comes to Play-to-Earn crypto tokens with a rank of #34 on coinmarketcap.com. It is currently trading for $0.8501, more than 85% down from its all-time high in November last year when it traded for $5.90.
The token is expected to grow as soon as the bear trend of the crypto market is mitigated. There are chances of the token reaching its previous all-time high as well, given the crypto market witnesses a bull run.
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3. Gods Unchained
Gods Unchained is a competitive trading game based on the Ethereum blockchain. Essentially, players of this game uses combat tactics and outsmart opponents.
The project intends on giving players complete ownership over in-game assets, done by minting the assets as NFTs. This way, once sold, the developers do not have any authoritative access to these assets, meaning the holders of these NFTs have complete ownership over them.
GODS is the native token of the game used as an in-game currency for practically all transactions and purchases. Currently trading for $0.4426, the token is down close to 95% from its all-time high.
Compared to other gaming tokens, the market cap of GODS is relatively smaller, making it a good choice of investment for major returns. The risk too is comparatively higher, but as long as all your eggs aren’t in one basket, the token is good to be included in your portfolio.
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4. Axie Infinity
Taking the third position among gaming tokens and trading at $14.26, AXS is one of the most valued gaming tokens in the market. Axie Infinity has a market cap of over a billion dollars and is ranked #44 on coinmarketcap.com.
Similar to every other crypto this year, AXS too followed a bearish trend that led to a price decrease of more than 90% from its all-time high. However, the token is up more than 11k % from its inception and has been showing an upward movement this week where the price has increased by 14%.
Axie Infinity is a trading and battling game based on the Ethereum blockchain. Unlike other blockchain-based games mentioned, it is partly owned by its players. In this game, players can breed, collect, raise, and build kingdoms for their Axies. Players can also sell their resources in exchange for rewards paid with the AXS tokens.
The system is designed in a way where players will eventually have majority ownership over the game, while at this time it rests with Sky Mavis.
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5. Illuvium
Illuvium is a fantasy role-playing game based on the Ethereum blockchain. It is developed by a decentralized autonomous organization called Illuvium DAO.
In the game, people interact with a 3D world where they have to capture Illuvials. These Illuvials are represented with NFTs and can be used to battle players and win ETH.
ILV is the native token of this game and is trading at $112 at the time of writing. The token was trading at more than 1000 dollars last year, making it one of the most valued gaming tokens in the market. The token price has come down since then, but it may soon follow an upward trend if the crypto market decides to rebound.
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We hope you found this list informative.
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Source: https://insidebitcoins.com/news/5-play-to-earn-crypto-tokens-that-might-rise-in-future