What Are The Most Popular Cryptocurrency Gaming Tokens In 2024?
Both the video gaming and cryptocurrency industries have experienced significant growth in the past couple of years. It’s hardly surprising, then, that the two have started to merge.
Cryptocurrency gaming tokens are cryptocurrencies that enable holders to buy in-game items, set up land in a sandbox game, or pay for any of a range of other services and products. Although a single currency is typically linked to one game, there are some instances of crypto gaming tokens being used across various titles. And, as well as being used as in-game currency, these cryptos have the potential to increase in value over the next 12 months which has many investors and gamers looking for the next new most profitable coins to invest in.
$PLAY (PlayDoge)
According to crypto writer Eliman Dambell, PlayDoge has the potential to be a 1000x crypto coin in 2024. It is a Tamagotchi-style 8-bit side-scrolling game that tasks players with caring for and leveling up their digital pets. The PLAY coin is used as a payment and reward token, and it has now raised more than $5 million in presales, which suggests it is benefiting from the craze in retro gaming and stands to make early investors some serious money.
Interestingly, PlayDoge also aligns with the growing popularity of Dogecoin casino sites, where Dogecoin is frequently used for online betting. These casinos benefit from the coin’s fast transaction times and low fees, making it an attractive option for players who want a seamless and cost-effective gaming experience. PlayDoge taps into this trend by appealing to the same community that values Dogecoin for its utility and ease of use in online gaming environments. With such a successful presale to date, PlayDoge is well-positioned to capitalize on the growing intersection of gaming and crypto, offering not just potential investment returns but also enhanced gaming experiences in the crypto casino world.
$PIXEL (Pixels)
Pixels is a farming, exploring, and adventuring game. Players can craft their own items, which are registered and stored on the blockchain, giving final ownership to the creator. This means that players can also sell in-game items for PIXEL cryptocurrency. The game has been out for some time, but the PIXEL cryptocurrency only launched in February this year and there are plans for more improvements. Its price did enjoy a bit of a boost during the first couple of months of trading but is at its lowest historical price right now, so there is profit waiting for those who can predict its bottom.
$SPONGE (Sponge V2)
Sponge is a meme coin that uses Spongebob Squarepants to attract buyers. There’s also a play-to-earn game that uses the SPONGE token, and, recently, Sponge V2, an upgraded and updated version of the token, has been launched. It is viewed as being competition for Pixels and the original token saw a 100x pump soon after its launch. Investors will be hoping for something similar from version 2.
$AXS (Axie Infinity)
Pokemon is one of the biggest geek franchises in the world, with cartoons, trading card games, video games, and mobile games. Axie Infinity is a web3 game that is very similar in style and play to the Japanese classic. And, it uses the AXS token to enable players to buy, sell, and trade their Axies. Players also earn AXS as they play, and the token rose 100x in a single year. It potentially still has the legs to keep increasing, especially if the gamemakers can keep attracting new players. Because of its popularity and past value increases, this is a gaming token to watch.
$SAND (The Sandbox)
Sandbox is a sandbox world in which players use SAND cryptocurrency to buy land in the game. There is a finite number of plots of land available, which means as each one sells, available plots become more expensive. Some plots cost thousands of Ether, equating to several thousand dollars. The token itself peaked at a price of around $7.50 in January 2022 but now sits at $0.32 per SAND.
$MANA (Decentraland)
Decentraland is another sandbox metaverse-style game that lets land owners do pretty much anything they want with the space they own. It uses the MANA token, which has actually been trading since 2018 which makes it one of the older gaming cryptocurrency tokens around. Big names have held music concerts and set up shop in the Decentraland metaverse, and it even hosted its first ever legally-recognized wedding. It is now hoping to turn to VR in its bid to stay current and take on some of the newer metaverses.
$GALA (Gala Network)
Most of the tokens above can be used on a single game or in a single metaverse. Where the GALA gaming token stands out is in the fact that the token is used across Gala Network’s expanding portfolio of games. Current games include Spider Tanks, Town Star, and Champions Arena. It would be great to see items that can carry over from one game to the next, but GALA holders do get the chance to vote on platform and game developments.
Conclusion
As well as the tokens above, the industry is set to see the launch of several new currencies designed specifically for use on crypto casinos and other real money online casino sites.
The gaming industry is worth an estimated $200 billion: more than the TV and movie industries combined, while cryptocurrency has a total market capitalization of $2.34 trillion. This gives the gaming cryptocurrency industry massive scope for growth, and gaming tokens are enjoying a boom so far in 2024. Above are 7 crypto gaming tokens that have the potential to see their value increase 1,000 times or more because they sit on the intersection of two of the world’s largest and most active industries.
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