Bitcoin is an old-time love of many investors, and it is only normal to be so. Year after year, it continues to be the most valuable cryptocurrency and generates considerable ROIs. However, a diversified portfolio is a weapon against loss; fortunately, plenty of other fish are in the sea.
A particular kind of digital currency that has emerged as a winner recently is represented by the so-called GameFi coins. These are an exciting mix of virtual currencies and video games (which could be better than that?), allowing players to buy in-game items such as land and avatars with the game’s crypto. These games typically use a Play-to-Earn (P2E) model, meaning players can earn virtual coins or real-life money as they complete missions. Blockchain games exploded in sales in 2022, and this new year is forecast to be even bigger, so if you want to diversify your holdings, we encourage you to document some of the most prominent players in the market, apart from Bitcoin. Therefore, when checking the Bitcoin price USD on the desired exchange, ensure you also have a look at coins such as LAND, AXS, and ATLAS.
More about gaming coins can be found in the following:
Axie Infinity (AXS)
This top could not start better than with Axie, one of the first P2E games ever. Since its very release in 2018, Axie Infinity has continued to be one of the players’ first choices and one of the most profitable games of its sort. It is inspired by the all-time favorite Pokemon Go, so if you immerse in the multiverse of Axie Infinity, you are to find adorable little monsters (called Axies) similar to Pokemon. This crypto game allows players to buy, collect, breed, and trade these in-game characters, which can take various forms, having more than 500 body parts up for grabs. To advance through the game, you can use Axie’s native token, AXS, to purchase things such as armor and weapons. But if you complete tasks successfully, you can also earn AXS, which you can hold or exchange for real-life money. Some gamers reported earning thousands of dollars per month thanks to this game, so it might be worth a try.
AXS is expected to be one of the most profitable gaming coins this year due to its continuous development, active developers, and large user base. Its current price, which surpassed $60, is clear proof of this fact.
Enjin Coin (ENJ)
Enjin Coin stands out in the crowd due to its openness to more than one blockchain game. It is designed to work with a range of diverse games, which is why it is one of the players’ favorites. The platform provides users with software development kits to create in-game items and digital assets connected to Enjin. Designing and managing their own virtual collectibles and incorporating blockchain in their existing apps and games is a unique chance for developers, who will choose Enjin Coin above anything else.
Enjin’s native token, ENJ, has also seen massive growth as more and more individuals are interested in investing. That is partly because of its versatile character and partly because of its real-world value made possible due to the smart contracts it is locked in. From $0,13, which it was worth in 2021, to $24, which it is worth now, ENJ is one of those GameFi coins to keep close tabs on.
Another advantage of the Enjin platform is that you can use its highly secure wallet to store your funds. This wallet ensures seamless trading of both digital currencies and non-fungible tokens (NFTs).
My Neighbor Alice (ALICE)
Are you a fan of building and farm games? Then My Neighbor Alice might be your thing. You can purchase land on six lands, get animals from the market, and nurture them – everything is possible in this Animal Crossing-inspired blockchain game. Alice is a character serving more as a friend than a regular in-game avatar, which is perfect if you are a newbie to the P2E world.
Now, let us talk about ALICE, the game’s native token. Why should you invest in it? That is because it allows you to purchase in-game collectibles and stake them to earn more rewards. However, ALICE has experienced dramatic price fluctuations, particularly during the game’s development and testing phase, so before taking the leap, ensure you document the market well.
The Sandbox (SAND)
The Sandbox gaming platform has made itself known to the world due to its unique ecosystem, allowing participants to develop, share, and monetize their own games. It onboards you to immerse in an alluring multiverse and win considerable prizes, which you can keep safe in a wallet or exchange for tangible gains. The Sandbox has recently incorporated NFTs, making it possible for those interested in developing and trading this special kind of digital asset. The platform also plans to introduce new features like community-driven events and decentralized governance and expand its user base.
With so many promising features on the horizon, SAND, the gaming platform’s native token, is expected to become one of the most sought-after gaming coins in 2023, along with AXS and SAND.
Star Atlas (ATLAS)
Star Atlas runs on the Solana blockchain, but that is not what makes it special. Instead, its mix of genres gives Star Atlas’s luring character. The virtual multiverse of Star Atlas involves building space stations and ships, combat, and deep space exploration. So, if the Universe has always fascinated you, you may want to give Star Atlas a try. The game also requires tactical plans, so to level up, you must act strategically and balance your moves carefully.
If you are doing well, you have a chance to earn ATLAS, the token powering the gaming platform, and further use it to purchase in-game collectibles. ATLAS might not have an exceptional value at the time being, but it is expected to grow considerably in the following months mainly as increasingly more individuals have indulged themselves in the unknown of Star Atlas.
So, is there something on this list that has grabbed your attention?