Which Crypto Gaming Tokens to invest in this year?
Are you looking to diversify your investment portfolio this year? Whilst traditional assets like stocks, commodities and real estate are always proven to be lucrative, crypto gaming tokens have also proven to be of the same nature.
Crypto gaming tokens are pure speculation, especially those that are freshly released. Whilst many tokens have become grounded, others come and go due to a multitude of reasons.
With how deep we are into the crypto gaming timeline, it is now more clear than ever what makes a project and what doesn’t. It’s always best to do your own research on the background of a project’s team, what it is they are promoting and if there has been any other media attention than the piece you are looking at.
When investing it is also recommended to use money you can afford to lose and don’t go into an investment blind!
What Crypto Gaming tokens should I look out for?
Now you are probably wondering which gaming tokens to be on the look out for if you have gotten this far into the article.
What will factor into our roundup will be fundamental analysis. If you are not familiar with this term, it essentially means we have picked the tokens based off their utility, the team behind them, what the future holds, the actual game they may be used within etc.
Now grab a pen and paper as we count down our top crypto gaming tokens to invest in this year.
Our first pick of the bunch goes to Avalanche token (AVAX). Currently priced at $17.82 could prove to be a great investment for this coming year.
$AVAX token is used primarily to authorise transactions on the blockchain and to develop the network.
They have just recently announced partnership with AWS (Amazon Web Services), allowing blockchain technologies to be utilised by larger scale organisations.
Currently there are a number of popular crypto games built on Avalanche DAO including:
- Defi Kingdoms
- Pizza Game
It has been labelled as one of the first smart contract platforms built for finance. This makes it a perfect platform to build a new game or NFT experience you may have in mind.
With it being compatible with Ethereum’s blockchain, expect super fast transactions that can be made over different blockchains thanks to the interoperability model.
When visiting the Avalanche site it is clear the services they offer are great for the progression of the crypto gaming space. Offering those with the skills to become game developers and validators.
Learning resources are also available for those looking to boost their knowledge and understanding.
An NFT marketplace is on the horizon for Avalanche too which could prove a great move for Avax. They are teaming up with Loco Legends, an incredibly popular NFT esports project.
To keep up to date with Avalanche as an organisation and the dApps on their network, check out their Core page.
Fight Out ($FGHT)
Our third pick is Fight Out, which has been dubbed as the “THE FASTEST GROWING PLAY-TO-EARN GAME OF 2023” according to their official website.
Currently the token for this new game is in the presale phase, meaning you can purchase the token for a discounted price.
This new crypto gaming project is gamifying exercise as players have their own in-game character. To level up you must train in real life through the Fight Out app, which in turn develops your in-game attributes.
From there you put your character to the test against other players to climb the leaderboards and earn rewards.
Fight Out is promoting the new “Fight-To-Earn” model, a predecessor of the famous Play-To-Earn game model within crypto gaming. One that may prove to not be sustainable going into the future.
Gaming and fitness usually do not go hand in hand so having a new game like this join the likes of Stepn in the fitness blockchain game.
Investing now could prove a good idea with how fresh this crypto game is. Be sure to check out their site.
The Sandbox ($SAND)
Our next pick comes from The Sandbox, a crypto game we have all tried by now. The price of SAND token has seen a serious correction over the last 12 months, currently sitting at a measly $0.6991.
The Sandbox is an immersive Minecraft like experience. It bridges the gap for Web2 into Web3 as many notable brands have made their first moves onto the blockchain via The Sandbox.
Just recently The Sandbox has announced a partnership with Saudi Arabia opening up more doors for engagement. Middle Eastern countries seem to be holding their arms out wide for Web3 which could make The Sandbox a great investment this year.
Some of the biggest names in the entertainment industry are still releasing new experiences for their fans to enjoy. Keeping in mind the ones that have already been released!
New experiences for this year include:
With Web3 being built on transparent autonomy, The Sandbox is a perfect sign post for just this. Players of the game are able to build their own experiences and also NFT collectibles, which can be sold and used both inside and outside the game.
It is clear from The Sandbox’s recent updates that they are not slowing down. The Sandbox game is free to play and has a whole bunch of other features on their platform.
If you are a fan of DogeCoin then Tamadoge may be the crypto gaming coin you need to get your hands on in 2023.
Tamadoge is a shiba themed crypto gaming arcade that hosts a bunch of games on the platform. Through purchasing TAMA token players can play these mini games and earn more coins and rewards.
One thing that makes Tamadoge tokens different from the rest of them is the fact that 5% of the tokens used on the platform are burnt after use.
Through reducing the overall supply of this token it may overtime cause the price and overall demand for the asset to rise.
Currently there are 3 mini crypto games on the Tamadoge platform:
- To The Moon
- Rocket Doge
- Super Doge
Overall this platform and token is a must try and may prove a great investment going into the future. They have gone ahead and recruited a mobile gaming expert which could see this project being brought onto mobile devices, which opens up for huge growth potential considering the size of mobile gaming.
There we have our top gaming tokens list. Be sure to check out these tokens and the ecosystems they belong to.
Always research a project before investing your money!