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After taking a beating in 2023, GameFi is poised to make a comeback in 2024 as new market entrant GFOX reignites excitement surrounding play-to-earn tokens.
This post looks into some altcoins to watch in the GameFi sector, including SAND, AXS, APE, and GFOX.
GFOX
GFOX is available for $0.001749 in Stage 6 of the ongoing presale, raising nearly $2 million.
The meme coin provides real value with income options – a play-to-earn (P2E) game, NFT perks, staking rewards, and more.
The web3 runner game lets top players, aided by NFT boosts, earn in-game currency to exchange for GFOX. Rewards are distributed after competitive 2-week to 1-month seasons.
Staking also gives investors yields from the 2% transaction tax that funds the GFOX Stargate pool.
Supporters say GFOX is available at a bargain in the ongoing presale.
AXS
AXS is the native token of Axie Infinity, a Game Fi project.
As people sought opportunities to make money from home, play-to-earn games like Axie Infinity became popular during the pandemic.
However, the initial excitement waned as the broader crypto market faced a downturn.
The number of players fell, dragging down prices.
Currently, AXS is available for $9.27, up 26.3% in the past week.
SAND
The Sandbox allows users to create, own, and monetize gaming experiences.
This platform utilizes SAND, which enables creators to earn rewards for sharing their gaming ideas and experiences with others.
By emphasizing user-generated content, The Sandbox has established itself as one of the most successful GameFi projects in the blockchain ecosystem.
This has made SAND one of the top ERC-20 tokens, with a market cap of over 1.2 billion.
Currently trading at $0.58, SAND is up 11% in the past week.
APE
While not strictly a GameFi token, APE focuses on supporting the growth of metaverse projects.
The APE foundation has shown support for GameFi projects like Otherside.
Otherside is an open-world metaverse offering players an immersive virtual reality experience with exciting quests and stunning scenery. Players can also earn cryptocurrencies and other rewards while exploring the metaverse.
In 2023, APE fell by 50%.
Currently, APE is down 50.9% year-to-year, with a modest 10% price increase on monthly charts and 6% on weekly charts.
Final word
Despite facing headwinds in 2023, the GameFi sector has attracted significant investment, with over $2.3 billion poured into the industry.
This resilience suggests that the sector is poised for a comeback in 2024.
GFOX is attracting investment and aims to offer a unique gaming experience and a strong community.
Learn more about GFOX here:
Visit Galaxy Fox presale | Join the community
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Source: https://crypto.news/sand-axs-and-ape-may-rally-as-this-gamefi-token-leads-trend/