With the emergence of countless GameFi crypto projects, it is challenging to pick one or two of the best GameFi crypto coins to invest in.
This guide explores standout game crypto coins and highlights potential opportunities in this dynamic industry for the year 2024.
Let’s dive in.
Best GameFi Crypto Coins for 2024
- Catslap – An addictive and fun slapping game that could soon become gamified
- SpongeV2 — Upgraded version of the most popular meme coin in 2023 – Sponge V1
- FreeDum Fighters — A satirical, GameFi token inspired by the ongoing US presidential election
- Calvaria — New GameFi coin enabling staking and secondary market sales
- Battle Infinity — GameFi token with growth potential
- Decentraland — GameFi crypto token for long-term growth
A Closer Look at the Best GameFi Crypto Coins
The top GameFi cryptocurrencies are often linked to popular methods for gamers to earn cryptocurrency by playing games and participating in various activities within the GameFi ecosystem. Our experts have handpicked the Gamefi token list based on their solid foundations, unique technologies, and high potential for growth in the future.
1. Catslap
The Catslap token experienced great success upon its launch on DEXs. On that note, this meme coin reached a $16 million market cap in less than a day thanks to its partnership with Best Wallet, which featured it on its popular Upcoming Tokens page. This token is also currently trending on top trading sites like DexTools.
At the time of writing, investors can compete in Catslap’s slapping game to earn points for their country and progress through the Slapometer. These points do not currently carry financial benefits. However, if you look at Catslap’s tokenomics system, you’ll notice that 10% of its total supply is intended for community rewards. Moreover, the $SLAP token runs on Ethereum, the most popular blockchain for dApps and Web3 gaming. All the above factors indicate that Catslap could soon become a gameFi cryptocurrency.
You can buy $SLAP tokens by downloading Best Wallet and visiting its Upcoming Tokens page.
2. SpongeV2
Sponge V2 is a community-driven meme token that will replace its predecessor Sponge V1 once it goes live. This GameFi blockchain could repeat the success of its prototype, whose price jumped by 100x once it got listed. This enabled the Sponge V1 token to reach a market cap of $100M.
Sponge V2 uses a stake-to-bridge system, which means that investors can get it by staking their V1 tokens on Ethereum and Polygon. At the time of writing, staking rewards on ETH come with annual returns of 163%, while on Polygon, this number amounts to 338% p/a. Stakeholders will also be able to use their newly acquired token to play Sponge Racer, a P2E game, and to access dApps and DeFI platforms.
This token has a maximum supply of 150 billion, while its current price amounts to $0.000021.
3. FreeDum Fighters
FreeDum Fighters is a lucrative GameFi investment for political buffs and crypto gamers. This satirical, gamified token is inspired by the ongoing US presidential election. This makes it one of the most trending coins right now. This project enables investors to vote for Magatron and Kamacop 9000, two mechanized presidential candidates who are fighting for supremacy.
Players will be able to vote for their preferred candidate by locking their tokens in two reward pools. If one pool has more votes, the other pool will offer a higher APY, while the rewards will be based on the number of earned points. On top of that, players will be able to engage in weekly debates to earn secret airdrops.
This GameFi token has a total supply of 270 billion, of which 108 billion will be allocated towards the presale, while 54 billion will go to staking. The $DUM token currently trades at $0.00005, while its final price will stand at $0.000125.
4. Calvaria
Calvaria is a card game that enables players to receive rewards with two crypto tokens for defeating opponents.
The token received as a reward is $RIA. Players can receive unique cards and power-ups to strengthen their decks while using strategy to beat opponents, enabling players to combine cards of the same strength to buy higher-level cards.
Calvaria provides unique resources that players can collect and use for in-game advancement or sell to other players. The third option is to sell the resources and tokens on secondary markets. The game rewards players for winning matches and extended gameplay.
The RIA tokens can be used for staking and governance. Investors can lock up their tokens to receive daily rewards and participate in voting to determine the platform’s future. Calvaria determines the weight of each voter by the number of tokens held.
5. Battle Infinity
With Battle Infinity, users will find the top GameFi projects that combine (P2E) features with blockchain-based technology.
The Battle Infinity platform is a decentralized project that gives users access to the Battle Arena, its metaverse-based platform. At the center of the Battle Infinity ecosystem is IBAT, the project’s utility token. For example, users trade in IBAT to gain NFT passes to participate in the P2E game IBAT Premier League.
With the Battle Arena – gamers and creators can compete with others in a virtual environment to earn crypto tokens, staking benefits, and NFTs.
Since investors seek multiple ways to earn income from cryptos, Battle Infinity provides diverse income opportunities through top crypto staking platforms, such as solo staking for high APYs and duo staking for earning interest by staking different crypto tokens against IBAT.
Additionally, the platform features Battle Swap, a decentralized exchange with a global liquidity pool, and the IBAT Battle Market, tokenizing assets into NFTs. Battle Infinity combines metaverse monetization opportunities for users to revolutionize the gaming industry.
6. Decentraland
Decentraland offers a platform similar to The Sandbox, enabling users to buy, sell, and create virtual land experiences, However, in Decentraland, you need to have MANA tokens to purchase land parcels.
MANA tokens are crucial, serving as the core currency for transactions, governance, and various activities within the Decentraland ecosystem.
That being said, Decentraland has also experienced some volatility over the past 12 months. Although the price of MANA tokens hit an all-time high of around $5 in November 2021, its value has dropped since.
At the time of writing, MANA is trading at $0.3027 per token and has a market cap of $582.63 million.
What are GameFi Crypto Tokens?
The term GameFi is an amalgamation of two words – game and finance. In simple terms, it refers to the financialization of video games. Put otherwise, these games let players earn incentives for cryptocurrencies and non-fungible tokens.
GameFi tokens essentially function as the in-game cryptocurrency of play to earn projects. They serve various purposes, including buying in-game assets and participating in contests, tournaments, and governance activities within GameFi platforms.
These GameFi coins can be acquired by completing challenges or goals within a game. Alternatively, you can purchase the best GameFi crypto tokens via popular cryptocurrency exchanges.
Are GameFi Cryptos a Good Investment?
The blockchain gaming sector will be worth over $50 billion by 2025. Crucially, this crypto gaming economy is driven by GameFi tokens.
Given the popularity of this emerging industry, GameFi coins could benefit from substantial growth in the future.
That said, GameFi crypto tokens are still relatively new, and many of these projects do not have an established track record. Moreover, Gamefi tokens are volatile, another important factor to consider before investing.
With this in mind, let us consider what makes GameFi cryptos a good investment.
Receive Rewards
As noted earlier, GameFi crypto projects play a significant role in the blockchain industry.
These GameFi cryptocurrencies allow players to earn rewards by completing tasks and other challenges.
- To get ahead in games, users must also purchase NFTs.
- These purchases are carried out using GameFi tokens.
In other words, those who hold GameFi crypto coins can earn regular income without even having to play the game itself.
Moreover, if the crypto game in question becomes popular, the price of the associated GameFi token could also increase – presenting you with another opportunity to grow the value of your investment.
Ownership of Digital Assets
Unlike traditional gaming models, crypto games give users full control of their assets.
You maintain ownership of these tokens if you buy or earn any GameFi coins by completing challenges. This also applies to any other NFT you collect from play to earn games.
And thanks to this provable ownership, you can monetize the best GameFi crypto tokens in different ways.
- You can use your GameFi collection token to purchase in-game assets and sell them to other players.
- It is also possible to sell these in-game assets on secondary NFT marketplaces or even auction them.
- You can also choose to trade your GameFi token on a cryptocurrency exchange or swap them for fiat currencies.
As you can see, while GameFi crypto tokens are closely associated with their respective platforms, they can also be used to earn money outside their native ecosystem.
Applications in the DeFi Sector
Games built on blockchain technology also allow you to leverage DeFi functionalities.
For instance, some GameFi projects support features such as crypto staking, yield farming, and liquidity mining.
These DeFi features allow you to lock your GameFi collection token on a decentralized platform and earn additional rewards.
In addition, depending on the chosen project, owning GameFi tokens will also give you the right to participate in the network’s governing process.
For example:
- As we noted earlier, Decentraland is a GameFi project that supports staking.
- Furthermore, by staking MANA tokens, you also receive voting rights on the platform.
- The more MANA tokens you stake, the higher your voting power is.
- Similarly, you can also stake YGG tokens to unlock exclusive content on the Yield Guild Games Discord channel and to earn additional rewards.
This allows you to communicate and engage directly with a gaming platform’s developers and influence the project’s development and roadmap.
That said, whether you can benefit from these aspects of GameFi will ultimately depend on the crypto project you choose to invest in.
Therefore, ensure you understand who is behind the project and the risks involved before investing any money.
We treat all of our investment suggestions with extreme caution and responsibility. Our team examines 12 distinct performance indicators when evaluating any digital asset we present to our readers. Here are the most important ones:Our Methodology for Ranking and Reviewing Crypto Assets
Conclusion
The ability to own in-game assets and earn cryptocurrencies makes GameFi platforms the perfect opportunity and moment to invest in this growing sector.
This guide highlighted some of the top GameFi crypto tokens worth considering. Our standout choice is WienerAI, the AI meme cryptocurrency high rewards.